APMEX Market Commentary Archive November 2012

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News and Commentaries Morning Gold & Silver Market Report – 11/20/2012 by Ryan Schwimmer November 20, 2012 PRECIOUS METALS FLAT; FOCUS ON MIDDLE EAST, FISCAL CLIFF Precious Metals prices are flat this morning, echoing trends seen with the U.S. dollar. Yesterday, that trend saw Gold rally approximately $20 per ounce as the dollar was sent lower by hopes that leadership in the U.S. will be able to get a f... [more] Closing Gold & Silver Market Report – 11/19/2012 by Brandi Brundidge November 19, 2012 GOLD FINDS SUPPORT IN 2013; WILL FISCAL CLIFF CAUSE U.S. RECESSION? “Alternative currency” is the word chosen by ScotiaMocatta to describe Gold in their Precious Metals 2013 Forecast for the yellow metal. The ScotiaMocatta is very bullish for Gold in 2013, estimating support on the low end at $1,60... [more] Mid-Day Gold & Silver Market Report – 11/19/2012 by Ted Prince November 19, 2012 FISCAL CLIFF OPTIMISM BOOSTS MARKETS Gold has rallied today to recuperate from losses realized last week. Geopolitical tension in the Middle East and reports from Washington concerning end-of-year budget talks continue to be the main market movers as both U.S. stocks and Precious Metals are up at m... [more] Morning Gold & Silver Market Report – 11/19/2012 by Geoffrey Varner November 19, 2012 TRADERS BULLISH ON U.S. BUDGET Congressional leaders and President Barack Obama have publicly sated their optimism for a deal on the nation’s financial situation after only a few hours of talks last week before the president left for a three nation tour. The president reiterated his views Sunday ... [more] Weekly Gold and Silver Market Recap for Nov 16, 2012 by Nicholas Wilsey November 16, 2012 GOLD PREPARES FOR FISCAL CLIFF As the week comes to an end, the news surrounding the United States’ fiscal cliff is the main topic of conversation. The question remains what, if anything, will be done to avoid this possible recession making event. “What people don’t like in markets is uncertainty,”... [more] Mid-Day Gold & Silver Market Report – 11/16/2012 by Geoffrey Varner November 16, 2012 TALKS BEGIN WITH A POSITIVE TONE It is still too early to tell, but top congressional Democrats and Republicans both said that Friday’s meeting with the president was constructive. U.S. stocks rallied back from early losses as leaders stood side by side making statements. Republican leaders said th... [more] Morning Gold & Silver Market Report – 11/16/2012 by Geoffrey Varner November 16, 2012 EUROZONE IN RECESSION; FISCAL CLIFF TALKS START TODAY Thursday’s European market activity ended showing the eurozone had slipped back into recession for the third quarter, which is likely to continue into the current quarter. The eurozone economy as a whole contracted 0.1 percent in the third quart... [more] Closing Gold & Silver Market Report – 11/15/2012 by Brandi Brundidge November 15, 2012 FACTORS INFLUENCING GOLD PRICES The global economic condition has become a great concern for the financial market recently. The European financial crisis has been prolonged, and containing the predicament from spreading to other countries is a difficult task. Today, U.S. weekly jobless claims climb... [more] Mid-Day Gold & Silver Market Report – 11/15/2012 by Ted Prince November 15, 2012 GOLD FOLLOWS STOCK MARKET DOWN ON PERPETUAL ECONOMIC CONCERNS Pervasive concern over Europe’s debt crisis and U.S. budget troubles have pushed equity markets lower for the seventh day, dragging down Precious Metals prices as well. “The fall to session lows in Gold is driven by equities,” Peter Fert... [more] Morning Gold & Silver Market Report – 11/15/2012 by Ryan Schwimmer November 15, 2012 JOBLESS CLAIMS AT HIGHEST LEVEL IN 18 MONTHS Precious Metals and U.S. stock futures are trading lower across the board as the jobless claims report showed a jump to levels not seen in 18 months. Hurricane Sandy is being blamed for the jump in claims. The unemployment rate also rose slightly to 7.9 ... [more] Month List 2013 May (44) 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.