Market Recap 4/1/10


Treasury Secretary Timothy Geithner said Thursday it is “deeply unfair” that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans, reported The Associated Press. “What happened in our country should never happen again,” Geithner said.

Stocks kicked off the second quarter with the material and energy sectors leading a broad climb, following better-than-expected reports on jobs and manufacturing, according to The Wall Street Journal. Precious metals made solid gains through the week, fueled by continuing concerns over the strength of the Euro. European financial woes centering around Greece continue to surface in spite of a planned “rescue” for the Mediterranean country. Given these conditions, gold may continue to be the safe haven that investors are seeking.

APMEX announced its Final Four Gold & Silver Sale this week. Through Monday, April 5, 2010, at 11:59 p.m. (CST) or while supplies last, customers have a fantastic opportunity to get buzzer-beater pricing on our most popular gold and silver coins.

Gold:
Spot gold prices opened this week at $1,110.40. The high during the week was on Thursday, April 1st, at $1,129.30, while the low for the week occurred on Tuesday, March 30th, at $1,102.40. Gold ended the week up $18.70 at $1,129.10. This week investors concentrated purchases on Gold American Eagles, 1 gram Sunshine Minting Gold Bars and Canadian Gold Maple Leafs.

Silver:
Spot silver prices opened this week at $16.98. Silver reached a high of $18.01 on Thursday, April 1st, while the low for silver occurred on Monday, March 29th, at $16.98. Silver ended the week up $0.98 at $17.96. This week, the most popular silver items included Silver American Eagles, 1 oz. APMEX .999 Fine Silver Rounds and 1 oz. Silver Buffalo Rounds.

Platinum:
Spot platinum prices opened this week at $1,596.40 and ended the week up $79.10 at $1,675.50. Platinum American Eagles, 1 oz. Pamp Suisse Platinum Bars and 1 gram Credit Suisse Platinum Bars remain popular with platinum investors.

Palladium:
Spot palladium prices opened this week at $472.10 and ended the week up $21.90 at $494.00. Popular palladium products this week included 1 oz. .999 Fine Pamp Suisse Palladium Bars and 10 oz. .999 Fine Pamp Suisse Palladium Bars.

Featured Bullion Product:
Each week, APMEX features a different bullion product for the benefit of our readers. This week, we are proud to highlight our own APMEX Brand .999 Fine Silver Bars and Rounds in a large variety of Troy-Ounce sizes.

The American Precious Metals Exchange offers  ½ ounce, 1 ounce, 5 ounce and 10 ounce .999 fine silver rounds for investors as an extremely economical way to purchase silver bullion. In addition, 1 ounce, 5 ounce, 10 ounce and 100 ounce bars are also offered and they, too, are minted in .999 fine silver. With the APMEX stamp of approval, these bars and rounds have become favorites among investors for their high quality, mirror finish and exceptional value.

For investors looking for long-term products, APMEX produces 10 ounce, 1 kilo (32.15 ounces) and 100 ounce silver bars that are acceptable in Precious Metal Individual Retirement Accounts. All bars and rounds that bear the APMEX brand name are guaranteed to be struck of .999 fine silver.

These finely crafted APMEX silver bars and rounds belong in every investor’s portfolio!

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