Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 6/17/2011

STOCKS FINALLY BREAK STREAK, MIDDLE EAST TENSIONS GROW U.S. stocks ended their six-week losing streak today, ending mildly higher amid mixed-results reports about the economy and potential progress in Europe to prevent a Greek debt default.  To add to the speculative state of the U.S. economic recovery, former presidential advi... Read More

Mid-Day Gold & Silver Market Report – 6/17/2011

Precious metals are trading higher today despite a rally in U.S. stocks. The possibility of Greece defaulting on their debt has been on the lips of every news source for a while now as people wait anxiously for answers. Many say they will and many say they won’t, but almost all agree that, like t... Read More

Morning Gold & Silver Market Report – 6/17/2011

GERMANY & FRANCE UNITED ON GREEK BAILOUT - At around 6AM (CT), world equity markets and the U.S. stock market futures began to rise sharply on the news that leaders from France and Germany are united on a new bailout package for Greece. This new package would include voluntary private sector participation based on a 2009 European agreement called the “Vienna Initiative”. German Chancellor Angela Merkel supported this approac... Read More

THE MARKET RECOVERS ON U.S. ECONOMIC DATA

U.S. stocks, gold, and silver recovered today after yesterday’s 100+ point drop in the Dow.  Better than estimated housing starts and jobless claims have been given credit for the recovery.  The continuing saga out of Greece injected enough uncertainty, as it has been for some time, to keep the recovery in check.  Jonathan Corpina... Read More

Mid-Day Gold & Silver Market Report – 6/16/2011

GOLD AND SILVER YO-YO, IMF VOWS CONTINUING SUPPORT OF GREECE Gold and silver have had a jumpy day, so far, but ultimately have remained flat.  The jobless claims report released this morning didn’t have much of an impact on precious metals, but it did seem to boost U.S. stocks. Also helping stocks was the claim from the International Monetary Fund that th... Read More

Morning Gold & Silver Market Report – 6/16/2011

JOBS REPORT BETTER THAN EXPECTED, BUT THERE IS NO CELEBRATION -  The U.S. jobs report was released this morning and jobless claims fell last week to 414,000. This fall in jobless claims was 6,000 more than expected . Although this is a pleasant surprise there is no celebration. The moving average is still well above 400,000 and the June numbers are not expected to look much different than the dismal May numbers. The jobs pi... Read More

Closing Gold & Silver Market Report – 6/15/2011

GREECE’S GOVERNMENT FAILS – Greek Prime Minister George Papandreou has said in a televised address that he plans to form an new government later this week.  Thousands of workers in Greece went on strike, and an estimated 40,000 people took to the streets in protest of new cutbacks and higher taxes.  Images of riot police clashing with citizens, eerily reminiscent ... Read More

Mid-Day Gold & Silver Market Report – 6/15/2011

INFLATION INCREASES GOLD’S APPEAL Precious metals have been up and down in morning trading. Prices started lower in anticipation of the release of the Consumer Price Index (CPI) numbers and then jumped up once they announced that it was higher than expected, up 0.3% or 3.6% annualized. This is the largest gain since July 2008, when the economy was hit the hardest in t... Read More

Morning Gold & Silver Market Report – 6/15/2011

STOCKS, EURO TUMBLE U.S. stock futures pointed south awaiting the latest round of economic reports, and fell sharply once the reports were released. Even the core consumer prices rose by 0.3%, the largest one-month gain in nearly three years. The core prices are typically a better indicator of inflationary trends since they strip away the volatil... Read More

Closing Gold & Silver Market Report – 6/14/2011

ROLLER COASTER MARKET BOUNCES – Following Friday’s sell off, many investors went bargain shopping today, causing most major stock indices and commodities to rise.  A falling dollar came along with a jump in gold prices, buoyed by fears that an economic recovery will bring further declines in the value of the dollar.  Could China’s currency be... Read More

Mid-Day Gold & Silver Market Report – 6/14/2011

CHINA FEARFUL OF GREECE, MIDDLE EAST WORSENS After S&P cut Greece’s credit rating yesterday, European finance chiefs have come together to work on plans for rescuing Greece. The issue still boils down to whether Greece will default. If you listen to Vincent Truglia, managing director at New York-based Granite Springs Asset Management LLP and a former head of the sovereign risk unit at Moody’s, Read More

Morning Gold & Silver Market Report – 6/14/2011

REPORTS FINALLY COME IN AS EXPECTED, MARKETS ALL UP Most economists expected a drop in the retail sales report for May of anywhere between 0.3% to 0.7% when automobile sales were included.  The report released this morning showed that the fall was 0.2% with auto sales considered, but up 0.3% when they were excluded.&#... Read More

Closing Gold & Silver Market Report – 6/13/2011

INVESTORS CASH OUT THEIR INSURANCE POLICIES – After Friday’s huge drop in stock markets, investors sold off holdings in gold and other precious metals today to cover losses from six straight weeks of stock market losses.  When investors buy on credit (called “leverage” or “margin”), they run the risk of a margin call if their losses get to... Read More

Mid-Day Gold & Silver Market Report – 6/13/2011

IS THE US FINANCIALLY IN WORSE SHAPE THAN GREECE? – According to Pimco’s Bill Gross, the U.S. is financially worse off than Greece and other European debt-laden countries. Mr. Gross makes the point that although the current focus is on the $14.3 trillion dollar debt, when you factor in the future costs of Medicare, Medicaid and Social Security, you get a total that looks like more than $100 trillion dollars. "To think that ... Read More

Morning Gold & Silver Market Report – 6/13/2011

INVESTORS WILL BE WATCHING THE STOCK MARKET THIS MORNING TO SEE IF IT REBOUNDS FROM FRIDAY’S ALMOST 200 POINT LOSS. Futures are pointing to a slightly positive opening. Overnight, world stocks continued to lose ground as they touched a 12-week low. This latest drop is fueled by concerns that weak economic data coming out of China could forecast weaker global growth. Investors con... Read More

Closing Gold & Silver Market Report – 6/10/2011

MARKETS DROP SHARPLY FOR SIXTH STRAIGHT WEEK - Almost every market made a sharp move down today.  All the major stock indices (DJIA, S&P 500, NASDAQ) took a beating today, and were down by about 1.4%.  Today marks the end of the sixth straight week of declines in stock markets.  This is the longest bear market since 2002.... Read More

Mid-Day Gold & Silver Market Report – 6/10/2011

AS QE2 ENDS, THE FLOCK TO CASH PICKS UP The uncertainty surrounding the end of QE2 and a lack of a firm direction towards a possible QE3 by the Fed, investors are looking to become less risky in their investments. This is causing dips in the market, which is set to continue its weekly losing streak. According to William De Vijder, Chief Investment Officer at BNP Paribas Investment Partners,” …That's fueling taking money off table and an inc... Read More

Morning Gold & Silver Market Report – 6/10/2011

CHINA BUYING SILVER AT A RECORD PACE - China has traditionally been a net exporter of silver, but recent data shows them now to be net importers.  In 2010, China’s imports of silver hit a record high, as imports quadrupled to 3,500 tonnes.  The Chinese appetite for silver is being driven by both industrial and investment demand. Both gold and silver prices c... Read More

Closing Gold & Silver Market Report – 6/9/2011

CAN HOME PRICES KEEP ON FALLING? – Veteran economist Robert Shiller said today that recent housing and unemployment data suggest the U.S. economy  is tottering and could fall into a double-dip recession. Double dip or not, housing prices could fall much further. Mr.Shiller is looking at unemployment numbers. If they continue to go up in the coming months, we could see another recession."My gut feeling is we might see a... Read More

Mid-Day Gold & Silver Market Report – 6/9/2011

MARKETS UP ON TRADE GAP REPORT, GREECE PLOT THICKENS U.S. stocks are holding onto gains after six straight days of losses.  Markets across the board are trading higher at the moment, with gold and oil also holding onto gains.  A report showed that the U.S. trade gap narrowed in April, which brings expectations of a rise in the g... Read More

Morning Gold & Silver Market Report – 6/9/2011

MORE DISAPPOINTING NEWS ON THE JOB FRONT - More bad news today on the jobs front, as the number of Americans filing for unemployment unexpectedly rose by 1000, last week to 427,000. It was expected to drop by 7000. Although a Labor Department official described this increase as basically unchanged, it indicates to many that if there was a jobs recovery, it has stalled. ... Read More

Disclaimer:
APMEX’s ‘Market Reports’ 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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