Our Daily Gold & Silver
Market Reports

Morning Gold & Silver Market Report – 5/12/2011

JOBLESS CLAIMS FALL; EUROPEAN DEBT CONCERNS STILL THERE In a public address last night, President Obama urged American companies to “step up”. He urged banks and corporations to do more to help the economy. The outlook for a full recovery is still several years away. He said, "American taxpayers contributed to that process of stabilizing the economy. Companies have benefited from that, and they're making a lot of money,... Read More

Closing Gold & Silver Market Report – 5/11/2011

PRECIOUS METALS DOWN ON A STRONGER DOLLAR – When the dollar gains strength commodities such as gold and silver become more expensive to holders of other currencies.  This effect was seen today as the dollar gained against the euro. Some traders are predicting Greece’s default to be inevitable.  If that were to happen, Greece’s debt would have to be restructured.  Read More

Mid-Day Gold & Silver Market Report – 5/11/2011

METALS RELAX ON HIGHER DOLLAR Precious metals are pulling back slightly on news of a stronger dollar as well as profit taking after a few strong days. Scott Redler, chief strategic officer at T3Live.com, and other traders initiated some short positions yesterday, looking to bet against higher prices, especially in silver. There is news that China has high inflation numbers but falling indus... Read More

Morning Gold & Silver Market Report – 5/11/2011

U.S., CHINA SHOW SIGNS OF MIDDLE GROUND After two days of meetings, and the release of pertinent data, U.S. trade deficit expanded, as exports increased to a new record, with imports rising, primarily, on oil costs. The deficit between imports and exports suggests a stronger U.S. and global demand for goods. These are levels last seen before the crisis in 2008. The Chinese also saw an ease in their trade deficit, which r... Read More

Closing Gold & Silver Market Report – 5/10/2011

GEOPOLITICAL TENSION AND ECONOMIC WOES TURN INVESTORS TO PRECIOUS METALS – It was this time last week that the commodity markets were facing sell offs and increased margin calls.  Today it is a different story as the economic community resets their collective thinking.   Mark Luschini, chief investment strategist at broker-dealer Janney Montgomery Scott said, "F... Read More

Mid-Day Gold & Silver Market Report – 5/10/2011

GOLD AND SILVER ADVANCE ON EURO TROUBLES Precious metals are advancing on the news that Standard and Poor downgraded Greece’s credit rating yesterday for the fourth time since April 2010, saying that even further reductions are possible. Another reduction would make Greece the lowest-rated nation in Europe. Andrey Kryuchenkov, an analyst at VTB Capital in London says in a report to clients, “Economic uncertainties in the monetary union and fears over peripheral debt were returning ... Read More

Morning Gold & Silver Market Report – 5/10/2011

IS THERE A GREEK BAILOUT? MAYBE, MAYBE NOT… Officials in Greece are refuting a rumor involving the need for a new aid package. A senior finance ministry official says, "Greece is not holding any discussion on any new aid package, such reports about discussions on new aid are not true.” German Chancellor, Angela Merkel, did not rule out Greek aid, but is awaiting the findings of EU and IMF reports. She says, Read More

Closing Gold & Silver Market Report – 5/9/2011

A STRONG DAY FOR GOLD AND SILVER – Commodities as a whole rebounded today after the biggest weekly slide since 2008.  European equities fell and Greek bonds dropped as Standard & Poor’s cut the nations credit rating again, while Moody’s put them on notice for a future downgrade.  Read More

Mid-Day Gold & Silver Market Report – 5/9/2011

SILVER HOTTER INVESTMENT AFTER DROP Metals are moving up again after last week’s sell offs. The U.S. dollar was down this morning after its 3% rally last week with rumors that Greece might leave the European Union. These factors contributed to the lower metal prices last week, however David Morgan, founder of silver-investor.com, is still bullish for the metals. “The fundamental fact r... Read More

Morning Gold & Silver Market Report – 5/9/2011

U.S. AND CHINA TALK, ECONOMY AND INFLATION CONCERNS The U.S. and China begin two days of dialogue today, in the hope to smooth over their sometimes contentious policy differences. The Chinese are concerned over President Obama’s fiscal clean up policy. The U.S. has concerns that the yuan is undervalued and have serious concerns over human rights issues in China. According to ... Read More

Closing Gold & Silver Market Report – 5/6/2011

GREECE DENIES RUMORS IT MAY QUIT THE EUROPEAN UNION -  Investors, this is a story that needs to be watched because if there is any truth in this, it could be devastating to the European economy. All parties involved deny that there is any truth to the story, first reported by Spiegel Online, but the truth is for now, we do not know. There are meetings scheduled tonight in... Read More

Mid-Day Gold & Silver Market Report – May 6, 2011

OIL PRICES RECOVER – GOLD PRICES AS WELL-  Commodities are bouncing off yesterday’s declines and we once again have the unusual occurrence of oil, stock and precious metal prices headed in the same direction. Yesterday, they were all down and today they are all up. Read More

Morning Gold & Silver Market Report – 5/6/2010

THE DAY AFTER A HUGE CORRECTION -We need to begin today’s news with the news that occurred yesterday. Commodity prices had a major correction across the board. Crude oil prices fell 8.6% and are now below $100 per barrel.  Gold prices fell $42 per oz and have retreated below $1500.Growing concerns about the economic recovery drove the stock market down, as well as platinum and pall... Read More

Closing Gold & Silver Market Report -5/5/2011

OIL SLIDES 8.6% IN ONE DAY – Oil fell below $100 per barrel on the concerns that a slumping economic climate will lower demand. The stock market was down triple digits and precious metals went through a major correction. It all started with the precious metals earlier,” said James Cordier, a portfolio manager at Optionsellers.com in Florida. “Oil is down bec... Read More

Mid-Day Gold & Silver Market Report – May 5, 2011

US HOME PRICES OFFICIALLY DOUBLE DIP – According to a new report by Clear Capital, home prices have double dipped nationwide. Nationwide prices are now lower than their low point of 2009. Prices have fallen 11.5% in the past nine months. Over one third of the national home sales are coming from bank owned properties (REO) and banks want to get these properties off their books, thus driving prices down. Read More

Morning Gold & Silver Market Report – 5/5/2011

JOBS REPORT = MORE BAD NEWS FOR ECONOMIC RECOVERY – The number of US claims for unemployment was expected to drop 19,000 this week, but instead rose by 43,000 to 474,000. This is the highest level in eight months. The four-week moving average for jobless claims, considered the better trend measurement, rose 22,250 and is now over 400,000 to 431,250…the highest since November. Read More

Closing Gold & Silver Market Report – May 4, 2011

MEXICO’S CENTRAL BANK TRADES DOLLARS FOR GOLD – Mexico made a major play in the gold market during the first quarter 2011. They boosted their foreign reserves by trading $4 Billion worth of US Dollars for $4 Billion in gold. "They're probably thinking that getting out of dollars and into gold makes sense because we know that the dollar has some trend to depreciate in the near future at... Read More

Mid-Day Gold & Silver Market Report – 5/4/2011

MEXICO, RUSSIA, THAILAND COMBINE FOR $6 BILLION GOLD PURCHASES “Central banks have good reason to buy gold,” said Peter Morici, a former economic advisor to the U.S. government and current professor of business at the University of Maryland.  He went on to add that budget and debt issues mean that central banks should contin... Read More

Morning Gold & Silver Market Report – 5/4/2011

JOBS REPORT DISAPPOINTING - The ADP Private Sector jobs report just came out and the private sector added 179,000 jobs in April. This was lower than the expected 200,000. The one piece of good news is that layoffs reached a 2011 low. Stock futures which were already dropping in anticipation of this report, declined further on the announcement. Precious metal prices continued their retreat in overnight trading, but gold and silve... Read More

Closing Gold & Silver Market Report – 5/3/2011

THE ROLLER COASTER RIDE CONTINUES – Gold and silver prices on Tuesday finished lower, gold price finished at $1,538.60 and silver was $41.74.  Each metals’ drop could be considered significant, but let’s put these prices in perspective.  Only two months ago, as of March 3rd 2011, gold and silver closed at $1,417.00 and $34,29, respectively.  Although we have seen a price drop, analysts at Brown Brothers Harriman said in a research note, Read More

Mid-Day Gold & Silver Market Report – 5/3/2011

OBAMA LOOKS GOOD WITH BIN LADEN, BUT ECONOMY ISSUES PERSIST The stock market looks to be the main benefactor of the news regarding the death of Osama bin Laden. Investors have been avoiding stocks, in part, due to global security. Most strategists believe this will help the stock market. The missing component to the good news is the continued fall of the U.S. Dollar. The slide continues as the dollar hit its weakest level in 16 months compared to the euro. According to Jim O’Neill,... 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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