Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 4/27/2011

BERNANKE SPEAKS, PRICES CLIMB – SOUND FAMILIAR? Precious metals are recovering from yesterday’s losses amid the Federal Reserve’s statement that they are holding to the economic stimulus plan and low interest rates they have put in place.  The Fed also says that it believes the economic recovery is proceeding at a moderate pace, also saying, “Inflation has picked up in recent months, but longer-term... Read More

Morning Gold & Silver Market Report – 4/27/2011

INVESTORS AWAIT FED MEETING ANNOUNCEMENT – The US dollar drops again to nearly a three year low against a basket of six other major currencies. Gold and silver investors will be closely monitoring the Fed announcement today, at 11:30 AM (ET) and the Read More

Closing Gold & Silver Market Report – 4/26/2011

 GOLD – THE PERFECT ANTI-INVESTMENT – The University of Texas made an extraordinary investment decision on April 15th, when they not only moved 5% of their assets into gold; they actually bought gold and not an ETF. This second-largest academic endowment in the US, decided that they needed insurance against inflation, as a result of current fiscal and monetary policies. “The... Read More

Mid-Day Gold & Silver Market Report – 4/26/2011

THE AGE OF AMERICA WILL END IN 2016 WHEN CHINA BLOWS PAST US (ACCORDING TO THE IMF) – Yesterday, we reported this startling prediction and today it began to have “legs”. The International Monetary Fund, using an economic measure called “purchasing price parity”, projects China’s economy surpassing that of the ... Read More

Morning Gold & Silver Market Report – 4/26/2011

HOME PRICES DROP AGAIN – The Case-Shiller report came out this morning and home prices fell for the 8th straight month in February. Although this drop exceeded expectations by 0.3%, it is still indicative of a housing market struggling to recover. Gold and silver are recovering this morning from earlier losses in the Asian markets. The London market was closed on Monday, so trading volumes were thin. The opening of the L... Read More

Closing Gold & Silver Market Report –4/25/2011

IMF DROPS A BOMBSHELL ON THE US – The International Monetary Fund dropped a bombshell, that went largely unnoticed. They have now set a date, 2016, when the economy of China will officially pass that of the US. This is only five years from now! Many questions will need to be answered, regarding how this will effect the US dollar and the US Treasuries, when the... Read More

Mid-Day Gold & Silver Market Report – 4/25/2011

IS SILVER THE NEW SAFE HAVEN CURRENCY? – Although silver prices have backed off due to morning profit taking, the big question remains; why has silver been on this explosive run? This question was posed to CNBC’s Fast Money Traders Monday morning. What is at the heart of all of this is a distrust in paper money,” explained John Stephenson, a Senior Vice President and Portfolio Manager at First Asset Funds. “So long as the Fed ke... Read More

Morning Gold & Silver Market Report – 4/25/2011

SILVER IS UP 5% –GOLD BREAKS NEW RECORD HIGHS – US silver futures neared the $50 mark before pulling back, as it moved even closer to its 1980 record high. Silver prices are rising as a result of weak US dollar and strong physical demand coming out of Asia. Gold continues to break into record territory on this very same news. "E... Read More

Closing Gold & Silver Market Report – 4/22/2011

PRECIOUS METALS STARTED STRONG BEFORE A CLOSED MARKET TODAY – The NYSE was closed today but that did not prevent gold and silver from trading overseas to continued highs of $1,513.50 and $46.86 an ounce, respectively.  Analysts at Capital Economics maintain that that gold prices will reach $1,600 an ounce by the end of the year and they point to three main factors underpinning gold prices: Inflation fears, low interest rate... Read More

Mid-Day Gold & Silver Market Report – 4/22/2011

BERNANKE ANSWERS QUESTIONS NEXT WEEK Federal Reserve Chairman Ben Bernanke will hold the first regularly scheduled Fed press conferences next week.  He will be answering questions from journalists in these conferences, and investors are anxious to see what the precious metals market will do in response. Read More

Morning Gold & Silver Market Report – 4/22/2011

DOLLAR DOWN, GOLD HITTING HIGHS The record gold price is coming at a time when sovereign and global debt concerns are increasing. The U.S. dollar slid to its lowest level since August of 2008 on fears the Federal Reserve will... Read More

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

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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