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Market Reports

Morning Gold & Silver Market Report – 5/23/2011

SPANISH ELECTIONS HEAP MORE CONCERN ON EUROPEAN DEBT CRISIS – IS ITALY NEXT? – Standard & Poor’s just cut its rating for Italy from neutral to negative. Fitch Ratings cut Greece once again on Friday. The Spanish Socialists Party suffered major losses in local elections, which is a clear signal that Spanish voters do not want austerity measures. All of these factors continue t... Read More

Closing Gold & Silver Market Report – 5/20/2011

GOLD STRONG, STOCKS WEAK ON VOLATILE DAY IN CURRENCIES MARKET – Gold finished the week strong on news of a downgrade of Greek debt by the ratings agency Fitch.  This news hit the euro hard, as it fell more than 1% today against the dollar.  Citigroup announced a belief that this breakout will start a downtrend for the euro, in which it may continue to s... Read More

Morning Gold & Silver Market Report – 5/20/2011

BAD ECONOMIC DATA = FED CONTINUING ULTRA-LOOSE POLICY? Gold and silver recovered quickly from early-morning losses, with gold eclipsing $1,500 and silver looking to hold over $35.  Prices are being supported by the dollar continuing its slide versus the euro.  Stocks are slightly lower this morning as investors are waiti... Read More

Closing Gold & Silver Market Report – 5/19/2011

CENTRAL BANKS SNAP UP METALS and take advantage of the current sell-offs, feeling prices will be supported by “the uncertainty over the US economy and the dollar, ongoing European sovereign debt concerns, global inflationary pressures and continued tensions in the Middle East and North Africa,” said the group’s managing director, Marcus Grubb, in an interview with CNBC. Grubb goes on to say, “ Read More

Mid-Day Gold & Silver Market Report – 5/19/2011

MORE SIGNS OF SLUGGISH GROWTH FOR THE US ECONOMY – There were several key economic reports that came out today, that indicate slower economic growth in the US. Factory activity in the Mid-Atlantic region grew slower than expected. A gauge of future economic activity (Philadelphia Fed Board), fell for the first time in nearly a year during April. There was an unexpected d... Read More

Morning Gold & Silver Market Report – 5/19/2011

JOBLESS CLAIMS DOWN; IMF CHIEF RESIGNS The weekly jobless claims report was released this morning, and showed an improvement from last week.  New jobless claims were at 409,000, down from 434,000, and about 11,000 better than forecast.  However, the four-week moving average, often seen as a better indicator of trends, increased to 439,000, which... Read More

Closing Gold & Silver Market Report – 5/18/2011

FULL-DAY RALLY HOLDS UP PRICES – It sounds eerily familiar to last month’s story, but gold and silver both saw modest gains today.  Silver led the rally gaining more than $1.50, while gold gained a respectable $16.40.  Inflation fears both here and abroad are bringing investors back to precious metals for their safe haven appeal.  Adding to the rally today was a weaker dollar.  Recently, the dollar has been gaining strength against the basket of six currencies its compa... Read More

Mid-Day Gold & Silver Market Report – 5/18/2011

SILVER UP OVER 5%; IMF CHIEF’S ARREST COULD HELP CHINA Precious metals continue to climb thanks to inflationary concerns, as crude oil jumped past $100. Adam Klopfenstein of Lind-Waldock in Chicago explains, “The risk appetite is coming back to commodities across the board … Anytime you see a pullback, people will come in and buy gold t... Read More

Morning Gold & Silver Market Report – 5/18/2011

PRECIOUS METALS REBOUND; CHINA HEADED FOR RECESSION? Precious metals are up across the board in early-morning trading, thanks in part to the dollar sliding versus the euro.  The euro hit a seven-week low earlier this week, but has since recovered.  Afshin Nabavi of MKS Finance says, “The demand for physical [precious metals] is rather interesting again.” ... Read More

Closing Gold & Silver Market Report – 5/17/2011

PLATINUM AND PALLADIUM TRADE HIGHER ON NEWS OF SHORTAGES – In a report by Johnson Matthey, platinum and palladium supplies will be much lower this year.  Both are very industrial metals used in the auto industry.  The auto industry has been an increasing source of demand, and should be a 10-year peak this year.  Meanwhile, on the supply side, Russia’s output is predicted to b... Read More

Mid-Day Gold & Silver Market Report – 5/17/2011

RISK OF DEFAULT IN GREECE IS RISING – The arrest of Dominique Strauss-Kahn, head of the International Monetary Fund, has increased the probability that Greece could either default or be forced to re-structure their debts. Strauss-Kahn has been a major force in coordinating the actions amongst the European nations and the loss of his leadershi... Read More

Morning Gold & Silver Market Report – 5/17/2011

FINANCIAL REPRESSION IS COMING TO AMERICA – Mohamed El-Erian, co-CEO of the world’s largest bond fund warns that America could soon face higher inflation, austerity measures and financial repression as our political leaders and policy makers struggle to deal with the impact of our financial crisis. Mr. El-Erian described financial repression as the seeking to impose negative real rates of returns on investors. “Think of the debt... Read More

Closing Gold & Silver Market Report – 5/16/2011

THE ARREST HEARD ‘ROUND THE WORLD The arrest of Strauss-Kahn, the International Monetary Fund chief, has been top news today and has had people laying in wait to see how stocks, commodities and currencies will be affected by this event. Why has this one man’s arrest sent the world spinning into worry mode? Greg Anderson, a currency strategist at Citigroup, weighs in, saying, “ Read More

Morning Gold & Silver Market Report – 5/16/2011

ARREST OF IMF CHIEF CASTS MORE UNCERTAINTY ON EURO ZONE CRISIS - The International Monetary Fund’s Chief Executive, Dominique Strauss – Kahn was arrested in New York City on Sunday on charges that he allegedly raped a hotel maid. Strauss-Kahn was also leading in the polls to become France’s next president. As IMF Chief, Strauss-Kahn was a charismatic leader who led the IMF through 2007-2009 global financial meltdown. He has been... Read More

Closing Gold & Silver Market Report – 5/13/2011

EXPERT SAYS TO BET AGAINST TREASURIES AND OWN GOLD - This is according to Charles de Vaulx, who oversees mutual funds IVA Worldwide and IVA International.  “We control risk by owning gold,” de Vaulx said. “As long as the policymakers are being irresponsible, it’s good to own some... Read More

Mid-Day Gold & Silver Market Report – 5/13/2011

FRIDAY THE 13TH FEARS EQUATE TO INFLATION – Stocks are trading lower Friday, primarily driven by concerns over inflation and a strengthening dollar.  "Core inflation is beginning to accelerate. Bernanke may be on the wrong side of this while some of the regional Fed presidents may be closer to the mark," said Michael Strauss chief economist and chief investment strategist a... Read More

Morning Gold & Silver Market Report – 5/13/2011

EUROPEAN COUNTRIES GDP RISE, U.S. CPI RISES The rise in food and fuel prices, domestically, is causing an overall rise in cost of living. The CPI (Consumer Price Index) increased 0.4 percent in April, following a 0.5 percent increase in March. The core measure results, which exclude food and energy costs, increased 0.2 percent, accordi... Read More

Closing Gold & Silver Market Report – 5/12/2011

THE DOLLAR PUSHES AND PULLS ON COMMODITIES – The US dollar turned lower against other major currencies Thursday, giving gold room to go positive.  Silver had fallen nearly 3% early in the day but shaved some of its losses as the dollar weakened.  As we have seen these past few days, the ebb and flow of the dollar has significant impact on the price of silver and gold. An inflating dollar, generally, will l... Read More

Mid-Day Gold & Silver Market Report – 5/12/2011

PRECIOUS METALS FIGHT FOR RECOVERY Precious metals started lower this morning on news of a stronger dollar but have picked up in mid-day trading with gold hovering back around $1,500. Silver is still bouncing around $34/$35 despite yesterday’s gain after news of the Shanghai Gold Exchange raising its own margin requirements for silver, just as CME did last week, making it ... Read More

Morning Gold & Silver Market Report – 5/12/2011

JOBLESS CLAIMS FALL; EUROPEAN DEBT CONCERNS STILL THERE In a public address last night, President Obama urged American companies to “step up”. He urged banks and corporations to do more to help the economy. The outlook for a full recovery is still several years away. He said, "American taxpayers contributed to that process of stabilizing the economy. Companies have benefited from that, and they're making a lot of money,... Read More

Closing Gold & Silver Market Report – 5/11/2011

PRECIOUS METALS DOWN ON A STRONGER DOLLAR – When the dollar gains strength commodities such as gold and silver become more expensive to holders of other currencies.  This effect was seen today as the dollar gained against the euro. Some traders are predicting Greece’s default to be inevitable.  If that were to happen, Greece’s debt would have to be restructured.  Read More

Mid-Day Gold & Silver Market Report – 5/11/2011

METALS RELAX ON HIGHER DOLLAR Precious metals are pulling back slightly on news of a stronger dollar as well as profit taking after a few strong days. Scott Redler, chief strategic officer at T3Live.com, and other traders initiated some short positions yesterday, looking to bet against higher prices, especially in silver. There is news that China has high inflation numbers but falling indus... Read More

Morning Gold & Silver Market Report – 5/11/2011

U.S., CHINA SHOW SIGNS OF MIDDLE GROUND After two days of meetings, and the release of pertinent data, U.S. trade deficit expanded, as exports increased to a new record, with imports rising, primarily, on oil costs. The deficit between imports and exports suggests a stronger U.S. and global demand for goods. These are levels last seen before the crisis in 2008. The Chinese also saw an ease in their trade deficit, which r... Read More

Closing Gold & Silver Market Report – 5/10/2011

GEOPOLITICAL TENSION AND ECONOMIC WOES TURN INVESTORS TO PRECIOUS METALS – It was this time last week that the commodity markets were facing sell offs and increased margin calls.  Today it is a different story as the economic community resets their collective thinking.   Mark Luschini, chief investment strategist at broker-dealer Janney Montgomery Scott said, "F... Read More

Mid-Day Gold & Silver Market Report – 5/10/2011

GOLD AND SILVER ADVANCE ON EURO TROUBLES Precious metals are advancing on the news that Standard and Poor downgraded Greece’s credit rating yesterday for the fourth time since April 2010, saying that even further reductions are possible. Another reduction would make Greece the lowest-rated nation in Europe. Andrey Kryuchenkov, an analyst at VTB Capital in London says in a report to clients, “Economic uncertainties in the monetary union and fears over peripheral debt were returning ... Read More

Morning Gold & Silver Market Report – 5/10/2011

IS THERE A GREEK BAILOUT? MAYBE, MAYBE NOT… Officials in Greece are refuting a rumor involving the need for a new aid package. A senior finance ministry official says, "Greece is not holding any discussion on any new aid package, such reports about discussions on new aid are not true.” German Chancellor, Angela Merkel, did not rule out Greek aid, but is awaiting the findings of EU and IMF reports. She says, Read More

Closing Gold & Silver Market Report – 5/9/2011

A STRONG DAY FOR GOLD AND SILVER – Commodities as a whole rebounded today after the biggest weekly slide since 2008.  European equities fell and Greek bonds dropped as Standard & Poor’s cut the nations credit rating again, while Moody’s put them on notice for a future downgrade.  Read More

Mid-Day Gold & Silver Market Report – 5/9/2011

SILVER HOTTER INVESTMENT AFTER DROP Metals are moving up again after last week’s sell offs. The U.S. dollar was down this morning after its 3% rally last week with rumors that Greece might leave the European Union. These factors contributed to the lower metal prices last week, however David Morgan, founder of silver-investor.com, is still bullish for the metals. “The fundamental fact r... Read More

Morning Gold & Silver Market Report – 5/9/2011

U.S. AND CHINA TALK, ECONOMY AND INFLATION CONCERNS The U.S. and China begin two days of dialogue today, in the hope to smooth over their sometimes contentious policy differences. The Chinese are concerned over President Obama’s fiscal clean up policy. The U.S. has concerns that the yuan is undervalued and have serious concerns over human rights issues in China. According to ... Read More

Closing Gold & Silver Market Report – 5/6/2011

GREECE DENIES RUMORS IT MAY QUIT THE EUROPEAN UNION -  Investors, this is a story that needs to be watched because if there is any truth in this, it could be devastating to the European economy. All parties involved deny that there is any truth to the story, first reported by Spiegel Online, but the truth is for now, we do not know. There are meetings scheduled tonight in... Read More

Mid-Day Gold & Silver Market Report – May 6, 2011

OIL PRICES RECOVER – GOLD PRICES AS WELL-  Commodities are bouncing off yesterday’s declines and we once again have the unusual occurrence of oil, stock and precious metal prices headed in the same direction. Yesterday, they were all down and today they are all up. Read More

Morning Gold & Silver Market Report – 5/6/2010

THE DAY AFTER A HUGE CORRECTION -We need to begin today’s news with the news that occurred yesterday. Commodity prices had a major correction across the board. Crude oil prices fell 8.6% and are now below $100 per barrel.  Gold prices fell $42 per oz and have retreated below $1500.Growing concerns about the economic recovery drove the stock market down, as well as platinum and pall... Read More

Closing Gold & Silver Market Report -5/5/2011

OIL SLIDES 8.6% IN ONE DAY – Oil fell below $100 per barrel on the concerns that a slumping economic climate will lower demand. The stock market was down triple digits and precious metals went through a major correction. It all started with the precious metals earlier,” said James Cordier, a portfolio manager at Optionsellers.com in Florida. “Oil is down bec... Read More

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

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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