Our Daily Gold & Silver
Market Reports

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

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

US PRIDE SURGES BUT MARKETS SETTLE BACK TO REALITY - As details of the events around the assault of Osama bin Laden’s compound unfold, US national pride remains high, but markets have  settled back into reality. Stock futures are looking to open lower this morning. Gold  prices are stabilizing on continued concerns with global inflation. Silver prices continue to be volatile. Read More

Closing Gold & Silver Market Report – 5/2/2011

BIN LADEN DEATH WILL NOT STABILIZE OIL PRICES -  Oil prices initially retreated on the news of bin Laden’s death, (as did gold), on the hopes this would promote stability in the Middle East. A panel of economists and asset managers meeting in Los Angeles today, expressed that it may cause even greater instability. Greater instability will lead to even h... Read More

Mid–Day Gold & Silver Market Report – May 2, 2011

BIN LADEN MARKET BOUNCE MAY BE SHORT LIVED -  As expected, US stock futures as well as the US dollar bounced up on the news of the death of bin Laden. However, the dollar has already begun to retreat to negative territory, while stocks hold on to small gains. Osama bin Laden’s death is viewed as a positive for the US...and the world…but will it significantly affe... Read More

Morning Gold & Silver Market Report – May2,2011

MARKET IMPACTS OF OSAMA bin LADEN’s DEATH  - The news that US forces killed Osama bin Laden in Pakistan is still being digested and analyzed worldwide. Let’s take a look at some immediate effects on the markets. Osama bin Laden was a threat to Middle Eastern oil fields. If this threat is now gone, these fields would be more secure. More security equates to less risk and therefore the price of oil is retreating this morning, down around $2. Read More

Closing Gold & Silver Market Report – 4/29/2011

GOLD CLOSES AT A RECORD PRICE – Gold prices continue to be a story of a weaker US dollar. Even the Central Banks are getting out of dollars to buy gold.“The dollar will continue to lose ground for the foreseeable future, Read More

Mid-Day Gold & Silver Market Report – April 29, 2011

CHINA, RUSSIA WANT MORE GOLD THAN AMERICA Central banks, which only a decade ago were selling their gold supplies, are now buying gold to lessen their reliance on the dollar as a reserve currency. According to Robert McEwen, the CEO of U.S. Gold Corp, “China is out to have more gold than America, and Russia is aspiring to the same. Wh... Read More

Morning Gold & Silver Market Report – April 29,2011

INDIA’S SILVER DEMAND TO SURGE 10% – 15% – Silver has gone up over 100% in the past six months and yet Indian demand is still expected to go up 10% - %15 this year. Investors in India are sensing an even bigger price hike and they also fear a lack of supply. ``The white metal has beaten gold in terms of returns given to investors both last year and this year so far. Gold ... Read More

Closing Gold & Silver Market Report – 4/28/2011

GOLD PRICES EXTEND RECORD BREAKING RALLY – Gold is an insurance policy and today was a day that highlighted the need for insurance.  The US dollar fell even further as it was given no support by yesterday's Fed announcement. The US jobless claims were supposed to get better, (according to the experts),but they went up and not down. The first quarter... Read More

Mid-Day Gold & Silver Market Report – 4/28/2011

GOLD & SILVER HIT NEW HIGHS – Nothing new to report, but a continuation of the momentum started after yesterday’s Fed news conference. The US dollar continues to decline as well. With all the attention on gold and silver, the recent rise in palladium and platinum have been somewhat under the radar.... Read More

Morning Gold & Silver Market Report- April 28,2011

GOLD IS RISING AS THE DOLLAR IS SINKING- Yesterday’s Fed decision to stay the course has put added pressure on the US dollar. Chairman Bernanke stated that he considers inflationary pressures transitory and the lower than expected first quarter economic growth, transitory. He even might have left the door open for another round of monetary easing, once QE2 has expired. Gold and... Read More

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

BERNANKE SPEAKS PRECIOUS METALS SOAR – The much anticipated Fed announcement came out today and they are continuing with their stimulus policy because they feel the economic growth is slowing and inflation is not a concern right now. The Fed 2011 economic growth estimate was cut from 3.4% – 3.9% to 3.1% – 3.3%. "The markdown of growth in 2011, in particular, reflects the somewhat slower than anticipated pace of growth in th... Read More

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

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

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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