Our Daily Gold & Silver
Market Reports

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

Closing Gold & Silver Market Report – 6/8/2011

THE PRICE OF TEA IN CHINA Precious metals were still trading lower today despite the negative results of the OPEC meeting. Could it be that the effects of this meeting just haven’t been felt yet? Historically, higher oil prices mean higher gold prices. Bernanke’s speech yesterday was received with mixed feelings. On the one hand, he did not hint at another QE which kept precious metals trading lower, while on the other hand his comments were still not positive. World stocks also re... Read More

Mid-Day Gold & Silver Market Report – 6/8/2011

OIL RISING ON OPEC BREAKDOWN The OPEC meeting today to boost oil output was classified as, “…one of the worst meetings we have ever had”, according to Saudi oil minister, Ali al-Naimi. The main point of contention amongst the countries is that they are already producing above the quota amounts. Saudi Arabia is viewed as a linchpin and the main producer that the countries are wanting to see ... Read More

Morning Gold & Silver Market Report – 6/8/2011

BERNANKE’S SPEECH DRIVES MARKETS LOWER -The U.S. stock market appeared set to end its five-day losing streak yesterday, as it climbed as high as 90 points.  However, as Federal Reserve Chairman Ben Bernanke’s afternoon speech approached, it began to give back gains.  The speech began 15 minutes before market close and by close, the market was dow... Read More

Closing Gold & Silver Market Report – 6/7/2011

BERNANKE, OBAMA SPEAK OUT AGAINST RECESSION RUMORS – Both President Obama and Federal Reserve chairman Ben Bernanke addressed fears of a double dip recession today, in speeches that were not related.  Mr. Obama held a press conference after meeting with German Chancellor Angela Merkel.  “I’m not worried about a double-dip recession,” he said.  He said he is ... Read More

Mid-Day Gold & Silver Market Report – 6/7/2011

BERNANKE SPEAKS AT 2:45, OBAMA MEETS WITH GERMAN CHANCELLOR Precious metals are fairly flat today as Federal Reserve Chairman Ben Bernanke is scheduled to speak at 2:45 pm (CT).  Bernanke is expected to speak about the economic outlook for the U.S., likely addressing weak reports that show that the recovery is slipping, if not stalled altogeth... Read More

Morning Gold & Silver Market Report – 6/7/2011

THE U.S.DOLLAR FALLS TO A ONE-MONTH LOW – The U.S. dollar fell to a one-month low on Tuesday, (when measured against a basket of other major currencies), and it fell to a record low when measured against the Swiss franc. This recent drop came after a Chinese official said that the dollar would continue to weaken against other major currencies. Federal Reserve Cha... Read More

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

GOLD AND SILVER PRICES MOVE HIGHER – Friday’s job loss reports and the fear of a possible interest rate hike in China gave investors the jitters and that was good news overall for Precious Metals. Gold, Silver and Palladium all were up and only Platinum was lower. As Wall Street continued to fret over the economy, shares on most indices dropped – the fourth straight trading session t... Read More

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

MIDDLE EASTERN TENSIONS WILL TEST THE OPEC NATIONS – The Organization of Oil Exporting Countries (OPEC) produce 40% of the world’s oil. OPEC is now 50 years old, and never before have they been at such a critical crossroad, as they approach their meeting Wednesday in Vienna. Many of these countries are experiencing unprecedented inner conflicts while oil is once again pressing the $100 per barrel mark. Libya is a special concern... Read More

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

HAS EUROPE EXPERIENCED THEIR FINANCIAL CRISIS YET? - According to Jim McCaughan, CEO of Principal Global Investors, The US might be recovering from their financial collapse of 2008, but Europe has not seen theirs yet. “Europe's debt crisis appears to be entering a more dangerous phase. If the EU and ECB continue pretending this is a liquidity crisis, they run the risk of allowing inadequate fiscal adjustment, particularly in Gre... Read More

Closing Gold & Silver Market Report – 6/3/2011

MOST AMERICANS SAY RECOVERY IS 3 YEARS OUT, SOME SAY NEVER In a recent survey, 61% of Americans believe that we are at least three years away from our pre-recession lifestyles.  10% believe we will never fully recover from the recession that hit in 2008. Fred Crawford, CEO of AlixPartners, who conducted the survey, says, “Americans continue to push their expectations for return to a pre-recession ‘n... Read More

Morning Gold & Silver Market Report – 6/3/2011

JOBS REPORT EVEN WORSE THAN EXPECTED, YEMENI PRESIDENT KILLED (OR NOT?) Fears of a double-dip recession seemed to hang on this morning’s nonfarm payrolls report, and when it was released, the fears hit the other side with a resounding “thud.”  To put the report in perspective, April’s numbers showed an increase of 244,000 jobs.  May’s numbers were expected to be disappointing already, somewhere around 125,000.  Read More

Closing Gold & Silver Market Report – 6/2/2011

TOMORROW IS THE ECONOMIC RECOVERY’S GROUNDHOG DAY! Precious metals remain lower this afternoon, however a recent warning from Moody’s Investors Service may change that.  The credit rating agency warned the United States that if there is no progress in the debt limit situation, the important Aaa debt rating could possibly be downgraded soon.  Warnings of a downgrade aren’t new, but earlier repor... Read More

Mid-Day Gold & Silver Market Report – 6/2/2011

OIL UP FOR GRABS Precious metals are up today on the news of the jobs report and fears of a double dip recession. The U.S. dollar recovered from this morning’s report, but precious metals are trading higher at the moment, despite historical reactions to the contrary. One possibility for this is that the dollar only appears stronger since it is being compared to the euro, which is sliding due to the debt crisis in the Eurozone, namely Greece. Even though the dollar is “winning” agai... Read More

Morning Gold & Silver Market Report – 6/2/2011

JOBLESS CLAIMS DOWN, DOLLAR WELCOMES THEM Jobless claims fell this morning, though not as much as anticipated.  The four-week moving average fell by 14,000 to a one-month low.  The U.S. dollar started the day down, and Read More

Closing Gold & Silver Market Report - 6/1/2011

GREEK CREDIT CUT, QE3 NOT LOOKING LIKELY Earlier in the day there were hopes Greece would finally be getting the economic help it needs to sustain itself. However, Moody’s has cut Greece’s credit rating by three notches, which puts it in an extremely speculative phase. This means that the payoff of Greek debt is no longer based on funds and paybacks of loans, but speculation. The outlook is quite negative. The Gross Domestic Product rating has also fallen off, 3.0% so far this year... Read More

Mid-Day Gold & Silver Market Report – 6/1/2011

U.S. ECONOMY IS SLOWING DOWN, RUMORS OF QE3 – It’s hard to find good news about the economy lately.  Painfully slow jobs growth, decline in the value of the dollar, Read More

Morning Gold & Silver Market Report – 6/1/2011

“DISAPPOINTING” JOBS REPORT - WHEN DOES THIS STOP BEING A SURPRISE? Another week, another disappointing jobs report.  This time, it is the ADP private sector jobs report.  Fully expected to be up by 175,000, the report showed just 38,000 new private sector jobs in May.  The futures market opened low this morning, as investors and analysts awaited this report.  Now that t... 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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