APMEX Market Commentary Archive October 2012

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News and Commentaries Special Report: 5 Possible Outcomes of the U.S. “Fiscal Cliff” by Michael Haynes October 26, 2012 While no one can predict which direction the economy and the investment markets will take as a result of the “fiscal cliff” facing the United States at the end of December 2012, MarketWatch.com has proposed 5 possible outcomes to consider. The United States “fiscal cliff” was a term coined by the p... [more] Mid-Day Gold & Silver Market Report – 10/26/2012 by Ryan Schwimmer October 26, 2012 REPORT: BERNANKE WON’T TAKE THIRD TERM Gold and Silver prices rebounded after early morning losses thanks to the U.S. GDP report, however prices are still set for a weekly loss. Jeffrey Sica of SICA Wealth, said, “I don’t believe Gold is able to rally off of that data for now. Gold is a momentum as... [more] Morning Gold & Silver Market Report – 10/26/2012 by Ryan Schwimmer October 26, 2012 GDP REPORT BOOSTS DOLLAR; GREECE IN MORE TROUBLE Gold and Silver are trading flat as the U.S. dollar is being fueled by an improving GDP number released this morning. The U.S. economy grew 2.0 percent in the third quarter, thanks to improving home building and higher spending. This is the final rep... [more] Closing Gold & Silver Market Report – 10/25/2012 by Geoffrey Varner October 25, 2012 GOLD FINISHES UP; FUTURE INFLATION POSSIBLE U.S. stocks closed the day slightly higher on positive reports for the global economy. Gold closed up after finishing Wednesday on a seven-week low. It appears that investors had been wagering on a continued decline in the Precious Metal by selling to t... [more] Mid-Day Gold & Silver Market Report – 10/25/2012 by Ted Prince October 25, 2012 GOLD UP ON FED ASSERTIONS OF MORE QE3; STOCK MARKET DOWN ON EARNINGS As Gold faltered yesterday and flirted with sub-$1,700 levels for the first time in almost two months, the Federal Reserve’s reiteration of further liberal monetary policy has boosted the Gold price today. Weak economic developmen... [more] Morning Gold & Silver Market Report – 10/25/2012 by Ryan Schwimmer October 25, 2012 FESTIVAL SEASON IN INDIA SPURS GOLD DEMAND Precious Metals prices are rising this morning thanks, in part, to a softer U.S. dollar. Playing a part in Gold’s price increase is physical demand in India, as festival season starts. Edel Tully of UBS AG said, “After India’s festival celebrations yesterd... [more] Closing Gold & Silver Market Report – 10/24/2012 by Ted Prince October 24, 2012 FED ANNOUNCEMENT: QE3 WILL CONTINUE U.S. stocks dropped to a seven-week low following the end of a two-day Federal Reserve meeting to discuss economic strategy going forward. Few are surprised to learn that plans for indefinite monetary easing and near-zero interest rates until 2015 remain unchange... [more] Mid-Day Gold & Silver Market Report – 10/24/2012 by Nicholas Wilsey October 24, 2012 CHINA’S GOLDEN INSIGHT; U.S. GROWTH STILL SLOW Gold has stayed relatively flat in the market today. The lull may be short lived based on what the U.S. Federal Reserve does in its two day meeting this week. It doesn’t seem to matter to China what the market is doing in the short term because all yea... [more] Morning Gold & Silver Market Report – 10/24/2012 by Brandi Brundidge October 24, 2012 GOLD FACES THE EUROZONE’S NEGATIVE NEWS The price of Gold has seemed to lose its momentum after the credit ratings of five Spanish regions were downgraded yesterday, which pushed the euro and Gold down. The U.S. dollar is stronger today after Germany's business sentiment dropped for the sixth conse... [more] Closing Gold & Silver Market Report – 10/23/2012 by Nicholas Wilsey October 23, 2012 GOLD STAYS DOWN; MONETARY EASING DEVELOPMENTS Gold has seen a significant dip in price today. With any strong movement in prices there is usually an underlying cause, and today that has been the struggles of the European economy. Spain has had their credit rating downgraded and has fallen behind in... [more] Month List 2013 May (48) April (66) March (60) February (60) January (63) 2012 December (62) November (60) October (71) September (58) August (51) July (42) June (48) May (48) April (51) March (66) February (65) January (63) 2011 December (64) November (60) October (63) September (62) August (69) July (60) June (64) May (62) April (63) March (69) February (52) January (61) 2010 December (62) November (59) October (33) Authors Brandi Brundidge Craig C. Calvin Eli Hamilton Gaya Vinay Geoffrey Varner John Foster Michael Haynes Mike Garofalo Nicholas Wilsey Peter LaTona Ryan Schwimmer Ted Prince << Previous Commentaries Next Commentaries >> DISCLAIMER: APMEX’s ‘News and Commentaries’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.