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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 quarter growth could be a surprise to the downside."I think people are going to be surprised that the first quarter, which was initially thought to be a four percent quarter, may end up two percent or below," he said.  "I don't think we are near a recession but I think we are weakening," El-Erian said. "Watch the housing market. I think the housing market is again key. It won't go away."

Things continue to heat up in Libya . as NATO airplanes launched attacks on the nation’s capitol, Tripoli.

AT 12PM (CT) the APMEX precious metal prices were:

  • Gold price - $1,472.10 (up $16.40)
  • Silver price - $41.73 (up $1.44)
  • Platinum price – $1,793.30 (up $17.10)
  • Palladium price - $774.00 (up $7.70)

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Disclaimer:
APMEX 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. 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 Market Reports are not intended as a comprehensive discussion and there may be other factors affecting the financial marketplace. These Market Reports are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, purchase or sell any Precious Metal product. All orders, purchases and sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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