Our Daily Gold & Silver
Market Reports

Closing Gold & Silver Market Report – 4/21/2011

GOLD PRICES STAY STEADY WHILE SILVER CHARGES AHEAD Gold stays above $1,500 while silver closes the gap, bringing the gold/silver ratio to 32. David Morgan, founder of Silver-Investor.com, feels that the ratio could hit 16 while others such as Eric Sprott of Sprott Asset Management feels is will hit the single digits. This movement is followed by the steady decline of the d... Read More

Mid-Day Gold & Silver Market Report – 4/21/2011

SILVER PRICES CONTINUE TO RACE UPWARDS – Gold has maintained its overnight gains, while silver just keeps climbing higher. In Libya, government troops have escalated their attacks on the rebel-held city of Misrata. Western forces have threatened to step up military action sho... Read More

Morning Gold & Silver Market Report – 4/21/2011

SILVER SURGES – GOLD AT RECORD LEVELS – Gold is trading in New York and London for a 5th day above $1500. The US Dollar continues to slide and is at its lowest level relative to the six major other currencies since August 2008. “The ke... Read More

Closing Gold & Silver Market Report – 4/20/2011

GOLD & SILVER MAINTAIN RECORD PACE –Gold maintained record breaking prices above $1500 and silver soared to new 31 year highs, staying above $45 per oz. The US dollar continued to decline, concerns about the US and European economies continue to flare and rising Asian inflation is boosting Asian demand. All of these factors boost the safe haven appeal of gold and silver. Go... Read More

Mid-Day Gold & Silver Market Report – 4/20/2011

GOLD BREAKS RECORD HIGHS ON INFLATION CONCERNS Gold has risen 32 percent this year against the dollar that has fallen 7.4 percent. Matt Zeman, senior market strategist at Kingswiew Financial in Chicago says, “For the dollar, the S&P statement was like getting kicked when you’re already down. The dollar is losing its status as the king... Read More

Morning Gold & Silver Market Report – 4/20/2011

GOLD SURPASSES $1500, WHILE SILVER HURDLES OVER $44 – The US dollar slipped against six major currencies and is trading at a 16 month low. This, along with continued concerns with inflationary pressures and the US and European debt problems,have propelled both gold and silver upwards. Read More

Closing Gold & Silver Market Report –4/19/2011

KNEE JERK REACTIONS TURN INTO SOBER SECOND THOUGHTS – Yesterday’s report from S&P is still causing uncertainty in the market, “If yesterday was about knee-jerk reactions, today is about sober second thoughts and the realization that there are still issues outstanding.” said David Watt, senior currency strategis... Read More

Mid-Day Gold & Silver Market Report – 4/19/2011

GOLD HITS $1500 OZ! – before it backed off slightly. Nick Bullman, a managing partner at research- based risk assessment service firm, CheckRisk, stated that we could end up seeing $150 oil prices with gold at $2000. One of the world’s largest banks, HSB... Read More

Morning Gold & Silver Market Report – 4/19/2011

GOLD & SILVER MAINTAIN YESTERDAY’S GAINS –Both the stock and precious metals markets are settling after yesterday’s  large gains for gold and silver and large losses for the stock market. This all came about on the news that Standard & Poor’s had issued a negative outlook on the US Credit Rating. On one hand, this negative outlook is seen as a wake up call to politicians to do something about our national debt. On another, it is viewed as a political move by an agency lacking ... Read More

Closing Gold & Silver Market Report –4/18/2011

GOLD FLIRTS WITH $1500 ON S&P NEGATIVE COMMENTS – Standard & Poor’s issued a negative outlook on US AAA Bonds, which sent the stock market reeling and gold prices up. There is now a 1 in 3 chance that the S&P could downgrade US credit in the next three years.  It was not just the S&P announcement driving the markets today, Read More

Mid-Day Gold & Silver Market Report – 4/18/2011

US CREDIT GIVEN A “NEGATIVE” OUTLOOK – Standard & Poor’s put a “negative” outlook on the long-term AAA credit rating of the US. “We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address medium-and long-term budgetary challenges by 2013,” New York-based S&P said today in a report. This statement does not... Read More

Morning Gold & Silver Market Report – 4/18/2011

UNIVERSITY OF TEXAS TAKES LARGE PHYSICAL GOLD POSITION – The University of Texas took delivery of 6,643 100 oz gold bars worth $987 million on Friday, April 15. The UT Investment Management Company did not buy gold, they chose to convert their “paper” gold investments into the actual bullion bars. “If you own a paper contract where they can only deliver... Read More

Closing Gold & Silver Market Report – 4/15/2011

GOLD BREAKS ANOTHER RECORD TO CLOSE NEAR $1,500. Gold closed up 0.8% on the week with silver also closing at its latest 31-year record. Although the turbulent geopolitical environment still exists in places like Libya, economic forces have been driving precious metals prices this week. Consumer prices have ... Read More

Mid-Day Gold & Silver Market Report – 4/15/2011

FED OFFICIALS DISAGREE ON ACCELERATING INFLATION Federal Reserve policymakers are in disagreement on how best to tackle the problem of accelerating inflation.  After news of a 0.5% increase in the Consumer Price Index, a key inflationary measure, some central bankers are still advocating an easy-money policy.  Annualizi... Read More

Morning Gold & Silver Market Report –4/15/2011

GOLD & SILVER CONTINUE TO MOVE UP – Gold spot prices are currently up another $2.60, while Silver spot prices climbed another 64 cents. Gold rose to a record high on global inflation concerns and the continued weakening of the US dollar.Gold is becoming more widely accepted as an asset class within the Alternative Investment category. Inflation has... Read More

Closing Gold & Silver Market Report – 4/14/2011

GOLD FUTURES NEAR RECORD HIGHS – US DOLLAR WEAKENS – Gold advanced more than 1% as it nears record highs. Fear of inflation, a weakening US dollar and more problems in Europe continue to drive investors to gold (and perhaps silver, which established a 31 year high today.) In the US, Treasury Secretary Timothy Geithner appeared before lawmakers today to... Read More

Mid- Day Gold & Silver Market Report – 4/14/2011

GOLD & SILVER RISING RAPIDLY – The disappointing jobs data along with mixed earnings reports  are causing investors to move away from stocks and into precious metals.  Gold is currently up $16.40 – Silver is up $1.42 Pimco Co-Chief Executive, Mohamed El-Erian, stated on CNBC today, that first quarte... Read More

Morning Gold & Silver Market Report – 4/14/2011

JOBLESS CLAIMS RISE – INFLATION FEARS GROW – New jobless claims unexpectedly rose last week rising once again above the 400,000 level. Economist polled by Reuters projected claims to fall to 380,000. The four week moving average, which is considered the best measurement, went up 5,500 to 395,750. Inflation fears grow as US core prices rose faster than projected in March, and the increase from one year ago was the largest since A... Read More

CLOSING GOLD & SILVER MARKET REPORT – 4/13/2011

OBAMA REVEALS HIS DEFICIT CUTTING PLAN – President Obama came out with his budget-cutting plan that chops $4 trillion off in the next 12 years. These time frames make many of us wonder how you can propose a plan that you will not be in office to over see. Chris Edwards of the Cato Institute, which is a think tank that favors government, said "there's not much new" in it other than the deficit triggers. He noted the tri... Read More

Mid-Day Gold & Silver Market Report – 4/13/2011

INFLATION IS ACTUALLY NEAR 10% – Some of us remember the hyper inflationary period that began in the late 1970’s and ran through much of the 80’s. Fed Chairman Paul Volcker was appointed in 1979, as the CPI surged into double digits. If we were to use the same CPI measurements today, that we used in 1979, we would be at 10% inflation right now. Read More

Morning Gold & Silver Market Report – 4/13/2011

INTERNATIONAL MONETARY FUND WARNS ABOUT US DEBT -  THE IMF came out with a statement that the US lacks a “credible strategy” to address their debt issues. The IMF also pointed out that the US was the only advanced economy to be increasing debt at a time their economy was growing at a rate sufficient enough to tackle their debt problems. President Obama will l... 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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