Our Daily Gold & Silver
Market Reports

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

Closing Gold & Silver Market Report – 5/31/2011

FINANCIAL UNCERTAINTY LOOMS – Although good news broke on the Greek debt crisis today, other news stories point toward an uncertain financial future for the US and the world. Domestically, the Case-Schiller Index, which measures housing prices, hit an 8-year low. This indicates that we are headed toward, if not already in, a double-dip recession in the housin... Read More

Mid-Day Gold & Silver Market Report – 5/31/2011

IS GOLD THE NEXT CURRENCY? Gold is being seen more and more as a non-fiat currency as geopolitical tensions still rising, continued downgraded credit ratings of many of the European countries as well as the dire outlook for the U.S. economy. Gold has been a safe haven against failing currencies throughout the ages and continues to do so as even central banks have run to the safety the metal provides. However, it seems as though major investors and financial institutions, as well as... Read More

Morning Gold & Silver Market Report – 5/31/2011

GOLD’S CLIMB SIGNALS HYPERINFLATION? Last week saw a jump of nearly 2% for gold (which would have been a record high just one month ago), and the jump seemed to catch the attention of many analysts and investors alike.  This brought about short-term predictions of gold hitting $1,560 or even $1,600 from numerous outfits.  Of course, n... Read More

Closing Gold & Silver Market Report –5/27/2011

YEMEN BOMBS OWN PEOPLE AND CIVIL WAR ERRUPTS; DOES ANOTHER MIDDLE EASTERN COUNTRY START TO FALL? Precious metals were all rising today on the continued worries about the sovereign debt crisis as well as the ongoing worries about the United States’ debt limit approaching. The U.S. dollar took a hit and lost 0.66% in today’s trading while Read More

Mid-Day Gold & Silver Market Report –5/27/2011

GOLD UP, DOLLAR DOWN – The US Dollar Index is down almost 0.9% at mid-day today, pushing gold prices up.  There have been many forces acting on the value of the dollar lately: Euro zone ... Read More

Morning Gold & Silver Market Report –5/27/2011

WHO LOSES BIG IF GREECE RESTRUCTURES? – There are many who even wonder why we should care if Greece defaults on their loans. So what if they can only pay back 50 cents on... Read More

Closing Gold & Silver Market Report – 5/26/2011

CHINA’S GOLD DEMAND TO RISE 22% THREE YEARS -  China is rapidly closing in on India, as the world’s largest consumer of gold. Although China is one of the leading producers of gold, they cannot produce near enough to satisfy their appetite. Gold production should reach 400 tonnes by 2014 with a gain of 19%, but still the demand will be for 700 tonnes. Read More

Mid-Day Gold & Silver Market Report – 5/26/2011

CROSSCURRENTS IN THE MARKET CREATE UNCERTAINTY FOR THE FUTURE – Aid from China might not be enough to keep Greece from economic meltdown. It appears unlikely that Greece will be able to meet its goal for trimming its budget deficit in 2011, and as a consequence, the IMF may not provide funds for the next round of aid packages. If Greece is allowed to default this may set a precedent f... Read More

Morning Gold & Silver Market Report – 5/26/2011

GDP & JOBS REPORT BOTH DISAPPOINT - The US GNP report just came out and the US economy grew less than expected in the 1st quarter…up only 1.8%. The weekly jobs report also was just released and once again, it made a surprise move upward, as it increased by 10,000 to 424,000. It was expected to come down to 405,000. Read More

Closing Gold & Silver Market Report – 5/25/2011

FINANCIAL INSTABILITY SUPPORTS GOLD – Gold’s attractiveness as a store of wealth continued to grow today.  The primary factors supporting gold are the ongoing debt concerns coming out of Greece and the ramifications they have on the rest of the euro zone.  Analysts at VTB capital in London said in a note to clients, “We think that gold will remain well supported in ... Read More

Mid-Day Gold & Silver Market Report – 5/25/2011

HEAVY NATO BOMBING IN TRIPOLI – For two nights in a row,  NATO forces have launched nightly bombing attacks against Gaddafi forces in Tripoli. President Obama has issued another warning to President Gaddafi that there will be “no let up” until he is gone. This conflict is now three-months old (much longer than expected) and although President Obama will not predict when Gaddafi will ... 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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