Our Daily Gold & Silver
Market Reports

Mid-Day – Gold & Silver Market Report – 6/28/2011

GREECE IS THE WORD Greece continues to be a major news topic for the day. The Germans are backing the French plan for the rollover of Greek debt. Any plan for a rollover, however, requires credit rating agencies (Fitch, Moody’s, etc.) to not put Greece into a default status. The issue with this is that ... Read More

Morning Gold & Silver Market Report – 6/28/2011

AHEAD OF VOTE, IS EU THINKING OF PLAN B FOR GREECE? Following suit with oil, precious metals have rebounded this morning, possibly signaling an end to the selloff that started late last week.  Concern over the debt crisis in Greece is supporting demand for the safe-haven asset of gold.  Most analysts are ac... Read More

Closing Gold & Silver Market Report – 6/27/2011

GOLD ATTEMPTS TO HOLD $1500, HURT BY DEMAND FOR DOLLAR – Gold was down today, amid rising demand for the U.S. dollar.  The dollar rose in FOREX trading today on fears of the euro zone debt crisis.  A stronger dollar tends to push down on commodities, and gold is no exception.  Neither is oil, which dropped again.  A high oil price can weigh on the economy due h... Read More

Mid-Day Gold & Silver Market Report – 6/27/2011

U.S. BOND BUYING TO CONTINUE? WARRANT ISSUED FOR GADDAFI The Federal Reserve may continue to purchase Treasury bonds once QE2 comes to an end. The reinvestment into the bonds could pump as much as $300 billion towards the government debt without adding currency, or printing money to cover investment. The purchases are a means of support as Congress con... Read More

Morning Gold & Silver Market Report – 6/27/2011

CAN OBAMA RESTART DEBT CEILING TALKS? U.S. stock futures are holding on to mild gains this morning amid the release of consumer spending data, which remained flat and is the weakest in almost a year.  The dollar has recovered against the euro, which caused gold to give up its very modest early-morning gain... Read More

Closing Gold & Silver Market Report – 6/24/2011

IS THERE NOW A FEAR OF DEFLATION? Precious metals continue to trade lower today as a result of continued selloffs due to the markets being lower and on continued news of geopolitical turmoil. Treasury yields fall to a 2011 low on worries of the European debt crisis and Read More

Mid-Day Gold & Silver Market Report – 6/24/2011

SELLOFF CONTINUES; WILL AUSTERITY EVEN MATTER IN GREECE? Gold prices are down again today amid “merely follow-through selling after yesterday’s strong drop,” says Brien Lundin with the Gold Newsletter.  For the second day in a row, most stock prices are down as well as gold, going against the historically negative correlation the two share.&... Read More

Morning Gold & Silver Market Report – 6/24/2011

CONGRESSIONAL IMPASSE, DEADLINE LOOMING Vice President Joe Biden has been leading a small group of Democrats and Republicans in an initiative to come to a bi-partisan agreement on raising the U.S. debt limit by August 2. It appears any chance of an agreement broke down on Thursday, when Republicans walked out on the budget talks. The group quit unexpectedly over what the... Read More

Closing Gold & Silver Market Report – 6/23/2011

GREECE’S AUSTERITY PLAN APROVED, BAILOUT IMMINENT – The IMF and EU approved Greece’s plan for proposed austerity measures this afternoon, which opens the door for an emergency bailout to aid Greece’s bankrupt government.  The austerity package is comprised of a mixture of tax increases and cuts in spending.  The measure still has to be approved by the Greek parliament, where ... Read More

Mid-Day Gold & Silver Market Report – 6/23/2011

STOCKS, OIL, GOLD ALL DOWN AS INVESTORS COVER LOSSES The markets are all sharing a down day, with oil down 5%, gold 2%, and stocks down significantly as well.  The story with oil is that International Energy Agency (IEA) has released 60 million barrels to make up for lost production in Libya.  For gold, the markets are seeing a selloff in order to co... Read More

Morning Gold & Silver Market Report – 6/23/2011

JOBS REPORT = BROKEN RECORD, APMEX CEO ON CNBC The U.S. stock market was already heading for a weak opening, and this morning’s jobs report may support further declines. Once again the numbers are disappointing, as initial claims for state unemployment benefits rose by 9,000 when they were expected to drop by 1,000. The number now sits at 429,000. Federal Reserve Chairman, Ben Bernanke gave no cl... Read More

Closing Gold & Silver Market Report – 06/22/2011

TO QE3 OR NOT TO QE3, THAT IS THE QUESTION Precious metals are still up this evening as Federal Reserve Chairman Ben Bernanke spoke about the economy. When Bernanke speaks the markets tend to move. This time the stocks were down and precious metals were up. Ironically, the dollar was up against the euro and yen, but this was because he Read More

Morning Gold & Silver Market Report – 06/22/2011

GREEK PARLIAMENT GETS CONFIDENCE VOTE BUT STOCKS BACK OFF AS METALS CLIMB As expected, the recently reshuffled Greek parliament survived yesterday’s confidence vote. Now that the first small hurdle has been cleared, a much larger hurdle looms on June 28. This is the date the parliament must approve a package of spending cuts, tax increases and state asset sales in accordance with the bailout conditions i... Read More

Closing Gold & Silver Market Report – 6/21/2011

Citigroup Sees Gold Prices Rise to $1600 in 2011 Citigroup announced their gold price forecast for the balance of 2011 and are forecasting $1600 per oz. Stuart Staley; Citigroup’s global head of commodities further stated that gold prices could climb by 15 to 20 percent in the upcoming two years. This same sentiment was expressed by the ... Read More

Mid-Day Gold & Silver Market Report – 6/21/2011

MARKETS UP IN ANTICIPATION OF GREEK PARLIAMENT VOTE – Stocks and precious metals rose this morning in anticipation of a vote of confidence in Greece’s Prime Minister, George Papandreou.  The general consensus is that Papandreou is expected to win the vote, which brings Greece one step closer to a bailout package.  Papandreou is in favor of the economic reforms that ... Read More

Morning Gold & Silver Market Report – 6/21/2011

MAJOR CONFIDENCE VOTE IN GREECE TODAY, FITCH THREATENS U.S. RATING U.S. stock futures are up this morning, pointing to a higher opening for Wall Street amid optimism over the situation in Greece.  Prime Minister George Papandreou is expected to hold a major confidence vote in parliament today, and strategists at Lloyds TSB ... Read More

Closing Gold & Silver Market Report – 6/20/2011

EUROPEAN UNITY OF PURPOSE SOUGHT The news of the day still involves Greece. The Greek debt crisis is reaching its boiling point. The vote of the finance ministers ended without the resolution a number of investors had been seeking. The reach of the austerity measures is quite vast. There are talks of further real estate taxes, restaurant bills, soft drinks, swimming pools, and even layoffs within a five-year period. Thes... Read More

Mid-Day Gold & Silver Market Report – 06/20/2011

MARKETS RECOVER AS GREEK FEARS DIMINISH Both the precious metals and equity markets are recovering from morning losses, as the eurozone finance ministers gave Greece two weeks from Monday to approve stricter austerity measures, if they want to receive an emergency loan of 12 billion euros. “Even though the EU is tal... Read More

Morning Gold & Silver Market Report – June 20, 2011

STILL NO DECISION IN GREECE SENDS MARKETS LOWER A decision on a second bailout for Greece was expected to be announced on Sunday, but no decision has been made, as the euro zone finance ministers are determined to get tougher austerity commitments out of Greek’s parliament. The finance ministers are not only looking for support from the Greek government; they want a plan supported by the opposition. This... Read More

Closing Gold & Silver Market Report – 6/17/2011

STOCKS FINALLY BREAK STREAK, MIDDLE EAST TENSIONS GROW U.S. stocks ended their six-week losing streak today, ending mildly higher amid mixed-results reports about the economy and potential progress in Europe to prevent a Greek debt default.  To add to the speculative state of the U.S. economic recovery, former presidential advi... Read More

Mid-Day Gold & Silver Market Report – 6/17/2011

Precious metals are trading higher today despite a rally in U.S. stocks. The possibility of Greece defaulting on their debt has been on the lips of every news source for a while now as people wait anxiously for answers. Many say they will and many say they won’t, but almost all agree that, like t... Read More

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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