Mid – Day Gold & Silver Market Report – 11/22/2010
11/22/2010 12:18:59 PM By: Peter LaTona
At 12PM (CT) the APMEX precious metal prices were:
Gold price - $1,358.80
Silver price - $27.58
Platinum price - $1,654.40
Palladium price - $688.90
COMMENTARY: Gold futures are trading evenly in morning action, as investors lock in profits. In this morning’s commentary, the Perth Mint made a case for the price of silver to go up. George Soros, John Paulson and Paul Touradji would make the same case for gold. They predict investors will continue buying hard assets as long as central banks have a proclivity to print money. Michael Pento is quoted as saying, “the gold bull market will end when real interest rates become positive and we’re very far away from that.”
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.
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