APMEX Market Commentary Archive - Author Geoffrey Varner

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News and Commentaries Morning Gold & Silver Market Report – 4/18/2013 by Geoffrey Varner April 18, 2013 PHYSICAL GOLD DEMAND STAYS STRONG The Gold price rallied in overnight trading, up from its two year low of around $1,320. The nearly week-long sell off of the Precious Metal has created a unique situation for investors. The significant drop in price has triggered physical buying of Gold bars and c... [more] Morning Gold & Silver Market Report – 4/15/2013 by Geoffrey Varner April 15, 2013 GOLD SELL-OFF CONTINUES The Gold market was heavily bearish on Friday, April 12, indicated by the 400 tons of Gold that sold on the New York COMEX alone. Today, the Gold price dropped more than $100 an ounce at one point during European trading. The bear market conditions seem to be fully in place... [more] Mid-Day Gold & Silver Market Report – 4/5/2013 by Geoffrey Varner April 5, 2013 QE3 EXPECTED THROUGH 2013; GOLD HOLDS STEADY With a weaker than expected jobs report, the ongoing speculation of when the Federal Reserve would cut their bond buying program was silenced for now. Thomas Simons, money market economist at Jefferies & Co., said, “This data should snuff out any ch... [more] Morning Gold & Silver Market Report – 4/4/2013 by Geoffrey Varner April 4, 2013 GOLD PRICES RETREAT ON STRONGER DOLLAR The Gold price dropped to a 10 month low overnight on the strength of the U.S. dollar. Similar commodities are also seeing price drops. The Silver price is at its lowest point since July and Platinum’s price is at a level not seen since August. Gold, a tradit... [more] Morning Gold & Silver Market Report – 04/01/2013 by Geoffrey Varner April 1, 2013 MARKETS UP AHEAD OF KEY DATA Investors will be watching to see how this morning’s manufacturing and other data will affect the two major U.S. stock indexes, which have been pushing record highs nearly every day. ISM manufacturing survey data from March is due out today and is expected to show a fo... [more] Morning Gold & Silver Market Report – 3/28/2013 by Geoffrey Varner March 28, 2013 CYPRUS BANKS REOPEN, GOLD HOLDS STEADY After nearly two weeks, Cyprus’ banks reopened today with strict limits on cash withdrawal amounts. Early information is that the limits are working and there have been few, if any, signs of panic. Today’s reopening has had little impact on the markets, with ... [more] Morning Gold & Silver Market Report – 3/25/2013 by Geoffrey Varner March 25, 2013 CYPRUS BAILOUT RALLIES MARKETS, LOWERS GOLD The stock market is heading for a positive open this morning after eurozone financial leaders secured an 11th hour deal bailing out Cyprus. ICAP in London strategist Chris Clark said, “The market’s reaction to the deal has been positive but hardly amount... [more] Morning Gold & Silver Market Report – 3/22/2013 by Geoffrey Varner March 22, 2013 CYPRUS STILL ON UNCERTAIN FOOTING Cypriot lawmakers are voting today on bills that would strike a deal with European partners after talks with Russia fell apart. The controversial tax on bank deposits is the key issue that parliament will debate. Banks in Cyprus reopen on Tuesday, and there is a r... [more] Mid-Day Gold & Silver Market Report – 3/20/2013 by Geoffrey Varner March 20, 2013 BRITISH GROWTH STALLS; U.S. STOCKS SURGING Three months ago British finance minster George Osborne predicted England’s economy would be growing by about 1.2 percent. Today Osborne was forced to revise his prediction to reflect the more accurate 0.6 percent the country is on pace to meet. Regardless... [more] Morning Gold & Silver Market Report – 3/15/2013 by Geoffrey Varner March 18, 2013 EUROZONE TURMOIL RETURNS; GOLD ABOVE $1,600 Cyprus and consequently the euro are back in the news as international lenders agreed to approve a 10 billion euro ($12.9 billion) bailout for Cyprus. This time the bailout comes with a price tag; Cyprus must pay for part of its bailout through an impose... [more] Month List 2013 May (51) 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.