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Market Reports

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

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

GERMANY & FRANCE UNITED ON GREEK BAILOUT - At around 6AM (CT), world equity markets and the U.S. stock market futures began to rise sharply on the news that leaders from France and Germany are united on a new bailout package for Greece. This new package would include voluntary private sector participation based on a 2009 European agreement called the “Vienna Initiative”. German Chancellor Angela Merkel supported this approac... Read More


U.S. stocks, gold, and silver recovered today after yesterday’s 100+ point drop in the Dow.  Better than estimated housing starts and jobless claims have been given credit for the recovery.  The continuing saga out of Greece injected enough uncertainty, as it has been for some time, to keep the recovery in check.  Jonathan Corpina... Read More

Mid-Day Gold & Silver Market Report – 6/16/2011

GOLD AND SILVER YO-YO, IMF VOWS CONTINUING SUPPORT OF GREECE Gold and silver have had a jumpy day, so far, but ultimately have remained flat.  The jobless claims report released this morning didn’t have much of an impact on precious metals, but it did seem to boost U.S. stocks. Also helping stocks was the claim from the International Monetary Fund that th... Read More

Morning Gold & Silver Market Report – 6/16/2011

JOBS REPORT BETTER THAN EXPECTED, BUT THERE IS NO CELEBRATION -  The U.S. jobs report was released this morning and jobless claims fell last week to 414,000. This fall in jobless claims was 6,000 more than expected . Although this is a pleasant surprise there is no celebration. The moving average is still well above 400,000 and the June numbers are not expected to look much different than the dismal May numbers. The jobs pi... Read More

Closing Gold & Silver Market Report – 6/15/2011

GREECE’S GOVERNMENT FAILS – Greek Prime Minister George Papandreou has said in a televised address that he plans to form an new government later this week.  Thousands of workers in Greece went on strike, and an estimated 40,000 people took to the streets in protest of new cutbacks and higher taxes.  Images of riot police clashing with citizens, eerily reminiscent ... Read More

Mid-Day Gold & Silver Market Report – 6/15/2011

INFLATION INCREASES GOLD’S APPEAL Precious metals have been up and down in morning trading. Prices started lower in anticipation of the release of the Consumer Price Index (CPI) numbers and then jumped up once they announced that it was higher than expected, up 0.3% or 3.6% annualized. This is the largest gain since July 2008, when the economy was hit the hardest in t... Read More

Morning Gold & Silver Market Report – 6/15/2011

STOCKS, EURO TUMBLE U.S. stock futures pointed south awaiting the latest round of economic reports, and fell sharply once the reports were released. Even the core consumer prices rose by 0.3%, the largest one-month gain in nearly three years. The core prices are typically a better indicator of inflationary trends since they strip away the volatil... Read More

Closing Gold & Silver Market Report – 6/14/2011

ROLLER COASTER MARKET BOUNCES – Following Friday’s sell off, many investors went bargain shopping today, causing most major stock indices and commodities to rise.  A falling dollar came along with a jump in gold prices, buoyed by fears that an economic recovery will bring further declines in the value of the dollar.  Could China’s currency be... Read More

Mid-Day Gold & Silver Market Report – 6/14/2011

CHINA FEARFUL OF GREECE, MIDDLE EAST WORSENS After S&P cut Greece’s credit rating yesterday, European finance chiefs have come together to work on plans for rescuing Greece. The issue still boils down to whether Greece will default. If you listen to Vincent Truglia, managing director at New York-based Granite Springs Asset Management LLP and a former head of the sovereign risk unit at Moody’s, Read More

Morning Gold & Silver Market Report – 6/14/2011

REPORTS FINALLY COME IN AS EXPECTED, MARKETS ALL UP Most economists expected a drop in the retail sales report for May of anywhere between 0.3% to 0.7% when automobile sales were included.  The report released this morning showed that the fall was 0.2% with auto sales considered, but up 0.3% when they were excluded.&#... Read More

Closing Gold & Silver Market Report – 6/13/2011

INVESTORS CASH OUT THEIR INSURANCE POLICIES – After Friday’s huge drop in stock markets, investors sold off holdings in gold and other precious metals today to cover losses from six straight weeks of stock market losses.  When investors buy on credit (called “leverage” or “margin”), they run the risk of a margin call if their losses get to... Read More

Mid-Day Gold & Silver Market Report – 6/13/2011

IS THE US FINANCIALLY IN WORSE SHAPE THAN GREECE? – According to Pimco’s Bill Gross, the U.S. is financially worse off than Greece and other European debt-laden countries. Mr. Gross makes the point that although the current focus is on the $14.3 trillion dollar debt, when you factor in the future costs of Medicare, Medicaid and Social Security, you get a total that looks like more than $100 trillion dollars. "To think that ... Read More

Morning Gold & Silver Market Report – 6/13/2011

INVESTORS WILL BE WATCHING THE STOCK MARKET THIS MORNING TO SEE IF IT REBOUNDS FROM FRIDAY’S ALMOST 200 POINT LOSS. Futures are pointing to a slightly positive opening. Overnight, world stocks continued to lose ground as they touched a 12-week low. This latest drop is fueled by concerns that weak economic data coming out of China could forecast weaker global growth. Investors con... Read More

Closing Gold & Silver Market Report – 6/10/2011

MARKETS DROP SHARPLY FOR SIXTH STRAIGHT WEEK - Almost every market made a sharp move down today.  All the major stock indices (DJIA, S&P 500, NASDAQ) took a beating today, and were down by about 1.4%.  Today marks the end of the sixth straight week of declines in stock markets.  This is the longest bear market since 2002.... Read More

Mid-Day Gold & Silver Market Report – 6/10/2011

AS QE2 ENDS, THE FLOCK TO CASH PICKS UP The uncertainty surrounding the end of QE2 and a lack of a firm direction towards a possible QE3 by the Fed, investors are looking to become less risky in their investments. This is causing dips in the market, which is set to continue its weekly losing streak. According to William De Vijder, Chief Investment Officer at BNP Paribas Investment Partners,” …That's fueling taking money off table and an inc... Read More

Morning Gold & Silver Market Report – 6/10/2011

CHINA BUYING SILVER AT A RECORD PACE - China has traditionally been a net exporter of silver, but recent data shows them now to be net importers.  In 2010, China’s imports of silver hit a record high, as imports quadrupled to 3,500 tonnes.  The Chinese appetite for silver is being driven by both industrial and investment demand. Both gold and silver prices c... Read More

Closing Gold & Silver Market Report – 6/9/2011

CAN HOME PRICES KEEP ON FALLING? – Veteran economist Robert Shiller said today that recent housing and unemployment data suggest the U.S. economy  is tottering and could fall into a double-dip recession. Double dip or not, housing prices could fall much further. Mr.Shiller is looking at unemployment numbers. If they continue to go up in the coming months, we could see another recession."My gut feeling is we might see a... Read More

Mid-Day Gold & Silver Market Report – 6/9/2011

MARKETS UP ON TRADE GAP REPORT, GREECE PLOT THICKENS U.S. stocks are holding onto gains after six straight days of losses.  Markets across the board are trading higher at the moment, with gold and oil also holding onto gains.  A report showed that the U.S. trade gap narrowed in April, which brings expectations of a rise in the g... Read More

Morning Gold & Silver Market Report – 6/9/2011

MORE DISAPPOINTING NEWS ON THE JOB FRONT - More bad news today on the jobs front, as the number of Americans filing for unemployment unexpectedly rose by 1000, last week to 427,000. It was expected to drop by 7000. Although a Labor Department official described this increase as basically unchanged, it indicates to many that if there was a jobs recovery, it has stalled. ... Read More

Closing Gold & Silver Market Report – 6/8/2011

THE PRICE OF TEA IN CHINA Precious metals were still trading lower today despite the negative results of the OPEC meeting. Could it be that the effects of this meeting just haven’t been felt yet? Historically, higher oil prices mean higher gold prices. Bernanke’s speech yesterday was received with mixed feelings. On the one hand, he did not hint at another QE which kept precious metals trading lower, while on the other hand his comments were still not positive. World stocks also re... Read More

Mid-Day Gold & Silver Market Report – 6/8/2011

OIL RISING ON OPEC BREAKDOWN The OPEC meeting today to boost oil output was classified as, “…one of the worst meetings we have ever had”, according to Saudi oil minister, Ali al-Naimi. The main point of contention amongst the countries is that they are already producing above the quota amounts. Saudi Arabia is viewed as a linchpin and the main producer that the countries are wanting to see ... Read More

Morning Gold & Silver Market Report – 6/8/2011

BERNANKE’S SPEECH DRIVES MARKETS LOWER -The U.S. stock market appeared set to end its five-day losing streak yesterday, as it climbed as high as 90 points.  However, as Federal Reserve Chairman Ben Bernanke’s afternoon speech approached, it began to give back gains.  The speech began 15 minutes before market close and by close, the market was dow... Read More

Closing Gold & Silver Market Report – 6/7/2011

BERNANKE, OBAMA SPEAK OUT AGAINST RECESSION RUMORS – Both President Obama and Federal Reserve chairman Ben Bernanke addressed fears of a double dip recession today, in speeches that were not related.  Mr. Obama held a press conference after meeting with German Chancellor Angela Merkel.  “I’m not worried about a double-dip recession,” he said.  He said he is ... Read More

Mid-Day Gold & Silver Market Report – 6/7/2011

BERNANKE SPEAKS AT 2:45, OBAMA MEETS WITH GERMAN CHANCELLOR Precious metals are fairly flat today as Federal Reserve Chairman Ben Bernanke is scheduled to speak at 2:45 pm (CT).  Bernanke is expected to speak about the economic outlook for the U.S., likely addressing weak reports that show that the recovery is slipping, if not stalled altogeth... Read More

Morning Gold & Silver Market Report – 6/7/2011

THE U.S.DOLLAR FALLS TO A ONE-MONTH LOW – The U.S. dollar fell to a one-month low on Tuesday, (when measured against a basket of other major currencies), and it fell to a record low when measured against the Swiss franc. This recent drop came after a Chinese official said that the dollar would continue to weaken against other major currencies. Federal Reserve Cha... Read More

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

GOLD AND SILVER PRICES MOVE HIGHER – Friday’s job loss reports and the fear of a possible interest rate hike in China gave investors the jitters and that was good news overall for Precious Metals. Gold, Silver and Palladium all were up and only Platinum was lower. As Wall Street continued to fret over the economy, shares on most indices dropped – the fourth straight trading session t... Read More

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

MIDDLE EASTERN TENSIONS WILL TEST THE OPEC NATIONS – The Organization of Oil Exporting Countries (OPEC) produce 40% of the world’s oil. OPEC is now 50 years old, and never before have they been at such a critical crossroad, as they approach their meeting Wednesday in Vienna. Many of these countries are experiencing unprecedented inner conflicts while oil is once again pressing the $100 per barrel mark. Libya is a special concern... Read More

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

HAS EUROPE EXPERIENCED THEIR FINANCIAL CRISIS YET? - According to Jim McCaughan, CEO of Principal Global Investors, The US might be recovering from their financial collapse of 2008, but Europe has not seen theirs yet. “Europe's debt crisis appears to be entering a more dangerous phase. If the EU and ECB continue pretending this is a liquidity crisis, they run the risk of allowing inadequate fiscal adjustment, particularly in Gre... Read More

Closing Gold & Silver Market Report – 6/3/2011

MOST AMERICANS SAY RECOVERY IS 3 YEARS OUT, SOME SAY NEVER In a recent survey, 61% of Americans believe that we are at least three years away from our pre-recession lifestyles.  10% believe we will never fully recover from the recession that hit in 2008. Fred Crawford, CEO of AlixPartners, who conducted the survey, says, “Americans continue to push their expectations for return to a pre-recession ‘n... Read More

Morning Gold & Silver Market Report – 6/3/2011

JOBS REPORT EVEN WORSE THAN EXPECTED, YEMENI PRESIDENT KILLED (OR NOT?) Fears of a double-dip recession seemed to hang on this morning’s nonfarm payrolls report, and when it was released, the fears hit the other side with a resounding “thud.”  To put the report in perspective, April’s numbers showed an increase of 244,000 jobs.  May’s numbers were expected to be disappointing already, somewhere around 125,000.  Read More

Closing Gold & Silver Market Report – 6/2/2011

TOMORROW IS THE ECONOMIC RECOVERY’S GROUNDHOG DAY! Precious metals remain lower this afternoon, however a recent warning from Moody’s Investors Service may change that.  The credit rating agency warned the United States that if there is no progress in the debt limit situation, the important Aaa debt rating could possibly be downgraded soon.  Warnings of a downgrade aren’t new, but earlier repor... Read More

Mid-Day Gold & Silver Market Report – 6/2/2011

OIL UP FOR GRABS Precious metals are up today on the news of the jobs report and fears of a double dip recession. The U.S. dollar recovered from this morning’s report, but precious metals are trading higher at the moment, despite historical reactions to the contrary. One possibility for this is that the dollar only appears stronger since it is being compared to the euro, which is sliding due to the debt crisis in the Eurozone, namely Greece. Even though the dollar is “winning” agai... Read More

Morning Gold & Silver Market Report – 6/2/2011

JOBLESS CLAIMS DOWN, DOLLAR WELCOMES THEM Jobless claims fell this morning, though not as much as anticipated.  The four-week moving average fell by 14,000 to a one-month low.  The U.S. dollar started the day down, and 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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