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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

Closing Gold & Silver Market Report – 4/15/2011

GOLD BREAKS ANOTHER RECORD TO CLOSE NEAR $1,500. Gold closed up 0.8% on the week with silver also closing at its latest 31-year record. Although the turbulent geopolitical environment still exists in places like Libya, economic forces have been driving precious metals prices this week. Consumer prices have ... Read More

Mid-Day Gold & Silver Market Report – 4/15/2011

FED OFFICIALS DISAGREE ON ACCELERATING INFLATION Federal Reserve policymakers are in disagreement on how best to tackle the problem of accelerating inflation.  After news of a 0.5% increase in the Consumer Price Index, a key inflationary measure, some central bankers are still advocating an easy-money policy.  Annualizi... Read More

Morning Gold & Silver Market Report –4/15/2011

GOLD & SILVER CONTINUE TO MOVE UP – Gold spot prices are currently up another $2.60, while Silver spot prices climbed another 64 cents. Gold rose to a record high on global inflation concerns and the continued weakening of the US dollar.Gold is becoming more widely accepted as an asset class within the Alternative Investment category. Inflation has... Read More

Closing Gold & Silver Market Report – 4/14/2011

GOLD FUTURES NEAR RECORD HIGHS – US DOLLAR WEAKENS – Gold advanced more than 1% as it nears record highs. Fear of inflation, a weakening US dollar and more problems in Europe continue to drive investors to gold (and perhaps silver, which established a 31 year high today.) In the US, Treasury Secretary Timothy Geithner appeared before lawmakers today to... Read More

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 quarte... Read More

Morning Gold & Silver Market Report – 4/14/2011

JOBLESS CLAIMS RISE – INFLATION FEARS GROW – New jobless claims unexpectedly rose last week rising once again above the 400,000 level. Economist polled by Reuters projected claims to fall to 380,000. The four week moving average, which is considered the best measurement, went up 5,500 to 395,750. Inflation fears grow as US core prices rose faster than projected in March, and the increase from one year ago was the largest since A... Read More

CLOSING GOLD & SILVER MARKET REPORT – 4/13/2011

OBAMA REVEALS HIS DEFICIT CUTTING PLAN – President Obama came out with his budget-cutting plan that chops $4 trillion off in the next 12 years. These time frames make many of us wonder how you can propose a plan that you will not be in office to over see. Chris Edwards of the Cato Institute, which is a think tank that favors government, said "there's not much new" in it other than the deficit triggers. He noted the tri... Read More

Mid-Day Gold & Silver Market Report – 4/13/2011

INFLATION IS ACTUALLY NEAR 10% – Some of us remember the hyper inflationary period that began in the late 1970’s and ran through much of the 80’s. Fed Chairman Paul Volcker was appointed in 1979, as the CPI surged into double digits. If we were to use the same CPI measurements today, that we used in 1979, we would be at 10% inflation right now. Read More

Morning Gold & Silver Market Report – 4/13/2011

INTERNATIONAL MONETARY FUND WARNS ABOUT US DEBT -  THE IMF came out with a statement that the US lacks a “credible strategy” to address their debt issues. The IMF also pointed out that the US was the only advanced economy to be increasing debt at a time their economy was growing at a rate sufficient enough to tackle their debt problems. President Obama will l... Read More

Closing Gold & Silver Market Report – 4/12/2011

GOLD SLIDES WITH OIL. Oil prices dropped today pulling precious metal prices along for the ride. Weak trade data lead to pessimistic views on U.S. economic growth and raised doubt about demand for oil. Why is this important? The sharp drop in oil prices puts a damper on some of the inflation fears in the U.S. giving investors the confidence to sell their precious metals for profit. We saw sever... Read More

Mid-Day Gold & Silver Market Report – 4/12/2011

GOLD CORRELATION TO U.S. DOLLAR MOST NEGATIVE IN THREE MONTHS Any rise in the U.S. dollar will weigh more heavily on gold prices, as the correlations between gold and the dollar index and gold and the S&P 500 index reached their most negative in almost three months. Two more Federal Reserve officials have thrown their support behind the latest rou... Read More

Mid-Day Gold & Silver Market Report – 4/12/2011

GOLD CORRELATION TO U.S. DOLLAR MOST NEGATIVE IN THREE MONTHS Any rise in the U.S. dollar will weigh more heavily on gold prices, as the correlations between gold and the dollar index and gold and the S&P 500 index reached their most negative in almost three months.  Two more Federal Reserve officials have thrown their support... Read More

Morning Gold & Silver Market Report – 4/12/2011

JAPAN’S NUCLEAR CRISIS AS BAD AS CHERNOBYL – Japan has raised its nuclear crisis to the highest possible level, which is level seven. This puts this radioactive disaster on par with what occurred in Chernobyl back in 1986. Many people have been critical of the government’s lack of information or miss-information during this crisis. These critics now appeared justified because it appears the leaks were always much worse than repo... Read More

Closing Gold & Silver Market Report – 4/11/2011

IS SILVER TURNING BACK INTO CURRENCY? Gold is more and more being viewed as a currency and not a commodity. As global currencies fluctuate in value relative to each other, gold just remains gold. Currency valuations are dependent on trust in governments and their central banks. Gold is something real you hold in your hands…and so is silver. For years silver was cu... Read More

Mid-Day Gold & Silver Market Report – 4/11/2011

PIMCO BETTING AGAINST US GOVERNMENT DEBT Pimco, the world’s largest bond fund, began betting against the government debt last month, by selling all of the fund’s holdings in US government-related debt holdings. Bill Gross, Co-Chief Investment Officer, believes there will be a lack of buyers for US Treasuries, once QE2 has run its course. Pimco expects that an easy monetary policy, combined with a budget deficit will fue... Read More

Morning Gold & Silver Market Report – 4/11/2011

GOLD PULLS BACK & SILVER CONTINUES TO SOAR Gold prices are settling back, as we suspect some profit taking has occured overnight. Silver prices continue to soar. Late Friday evening, a budget deal was announced with much pomp and circumstance, and the government was not shu... Read More

Closing Gold & Silver Market Report – 4/8/2011

THE SILVER LINING JUST GOT A LITTLE BRIGHTER: Gold and silver prices have benefited from the inflation fears and a weak U.S. dollar rising to record breaking highs again today. Silver has closed over the milestone $40 mark and gold holding above $1470. Many factors affect the price of precious metals. Frank Lesh, a broker and analyst with FuturePath Trading in Chicago said, “Two words, the ... Read More

Morning Gold & Silver Market Report – 4/8/2011

GEOPOLITICAL FEARS DEEPEN, PRECIOUS METALS RISE The geopolitical landscape seems to be worsening with the most recent Japanese aftershock from the March 11th earthquake. Production has been hampered severely as power outages have slowed output at some major car manufacturers and even global giant Sony has been impacted. Water leaked from another nuclear rea... Read More
US Dollar Prices are in USD

Precious Metal Prices
4/25/2014 2:39:49 AM EST

Metal Bid Ask Change
Gold $1,291.50 $1,293.50 $0.90
Silver $19.53 $19.63 ($0.12)
Platinum $1,403.70 $1,413.70 $4.10
Palladium $798.00 $803.00 ($0.30)
4/25/2014 2:39:49 AM EST

Click here for Historical Charts*All Charts are in USD


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