by
Peter LaTona
August 27, 2012
GOLD MIGHT SEE BEST YEAR SINCE 2010 A Bloomberg report this morning stated the prospect that Gold might rise to $1,800 per ounce by year’s end, which could extend Gold’s gains for the year to more than 15 percent. This would be the greatest gain since 2010, when Gold saw a 30 percent i... [more]
by
Peter LaTona
August 20, 2012
GOLD, PLATINUM PRICES RETREAT FROM RECENT GAINS The early morning trading hours have seen Precious Metals prices going slightly lower. Gold investors have been largely on the sidelines, as they await further announcements later this week from eurozone policy makers. Several rounds of t... [more]
by
Peter LaTona
August 17, 2012
GLOBAL INVESTOR SOROS SELLS STOCKS, BUYS GOLD George Soros, a famous global investor, sold his shares in American financial stocks and used the proceeds to buy Gold. It is worth noting that he did so at a time when the Dow crossed 13,000, its highest level since April 2008. Soros also ... [more]
by
Peter LaTona
August 13, 2012
GOLD, SILVER HOLDING ON TO RECENT GAINS Precious Metals and equity markets were flat this morning as concerns about global growth continue to provide headwinds. Japan’s economy only grew by 1.4 percent, when it was projected to grow at 2.5 percent. Markets were down initially but have ... [more]
by
Peter LaTona
August 6, 2012
REPORT PREDICTS GOLD TO RALLY ABOVE $1,900 IN 2012 A report from HSBC Bank states, “Economic uncertainty, geopolitical tensions and the uncertainty of the U.S. November elections are theoretically Gold bullish, and Gold should perform better later in the year when U.S. growth is poor a... [more]
by
Peter LaTona
July 30, 2012
GOLD PRICE SLIGHTLY LOWER IN OVERNIGHT TRADING Gold and equity markets are both poised to advance in the event that European leaders announce a plan to bail out Spain and curb further contagion. Spain has requested further eurozone support in buying its sovereign debt. Germany continue... [more]
by
Peter LaTona
July 16, 2012
GOLD PRICE PAUSES, AWAITS FED CHAIRMAN’S TESTIMONY Federal Reserve Chairman Ben Bernanke is scheduled to give his semi annual testimony before a Senate panel Tuesday and the House Financial Services Committee on Wednesday. Although investors will be keeping a close watch for any mentio... [more]
by
Peter LaTona
July 13, 2012
MERRILL LYNCH PREDICTS $2,000 GOLD BY YEAR’S END The Gold price rose sharply today in conjunction with a buoyant equity market. So, what is next? Federal Reserve Chairman Ben Bernanke is expected to speak next week, and a great deal of speculation exists on whether he will drop hints... [more]
by
Peter LaTona
July 2, 2012
CENTRAL BANK CONSIDERS RECLASSIFICATION OF GOLD BULLION The United States Federal Reserve Bank released a memo on June 18, which calls for the reclassification of Gold from a 50% weighting to a 100% weighting. Currently, for every $1 of Gold held by the banks or central banks, only $0.50 can be cla... [more]
by
Peter LaTona
June 15, 2012
SUNDAY SHOULD BE A DAY TO REMEMBER No, this is not referring to Sunday night’s NBA Finals Game 3 between the Miami Heat and the Oklahoma City Thunder. It’s about the Greek election, which could prove to be one of the most important economic events in the world this year. For a sm... [more]
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.
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