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We are a society of “movers” and we are constantly on the go.  We consume gallons of coffee and energy drinks to keep us alert and we eat power bars to keep us going. Who has time to search for news about the economy, the geopolitical scene, and the precious metals market? We want our information to be short, concise and right now.  APMEX realizes the importance of your time, the significance of knowing current events, and how it pertains to your portfolio.

APMEX takes the time to find this news for you. APMEX combines it into a few short bits to keep you informed and prepared for what is happening in the world; saving you from having to put your day on hold to search and sift through an overload of information.  You will find this market information in the APMEX daily commentaries delivered Monday-Friday:  8:00 a.m., 12:00 p.m., and 4:00 p.m. (CDT.) You have the opportunity to read the one-page articles as they are posted, or you may read all three posts at the close of each business day. By the end of this 5-day business week, you will be more educated about the value of your precious metals portfolio and the events around the world that affect your investment.

Take the APMEX challenge!

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Market Recap 4/22/11

The week began with striking news that the University of Texas traded out of their Gold ETF and into the actual physical bullion. The University of Texas took delivery of 6,643  100 ounce 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 you 10 cents on the dollar or less, you should probably convert it to physical,” said Bass. The bars will be stored at HSBC Bank in New York. This news created additional stories and repercussions all through the week.

Gold and Silver prices were on the rise Monday, but when Standard & Poor’s came out with a negative outlook on US credit, they began to soar. “We believe there is a material risk that US 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 in a report. This statement does not lower the current AAA rating, but it still brought the White House to the defensive, as they claim this is all about politics. Gold briefly crossed $1,500 on Tuesday and Silver crossed $44 oz.

More news on Wednesday was bullish for Gold and Silver. The US dollar slipped against six major currencies and is trading at a 16-month low. This, along with continued concerns with inflationary pressures and the US and European debt problems, have propelled both Gold and Silver upwards. Gold cemented gains above the $1,500 threshold. Silver crossed $45.

Wednesday and Thursday were equally as good for the stock market, as the precious metals markets. Platinum and Palladium, which more often move in conjunction with stock prices, reversed downward trends and burst forward with large gains.

Friday is Good Friday. The stock and precious metal markets are closed. Happy Holidays!

Gold:
Spot Gold prices opened this week at $1,488.10. The high during the week was on Thursday, April 21st, at $1,513.50, while the low for the week occurred on Monday, April 18th, at $1,477.80. Gold ended the week up $25.40 at $1,513.50. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $43.12. Silver reached a high of $46.86 on Thursday, April 21st, while this week’s low for Silver occurred on Monday, April 18th, at $42.20. Silver ended the week up $3.74 at $46.86. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, 1 oz. Silver Buffalo Rounds and 10 oz. APMEX Silver Bars.

Platinum:
Spot Platinum prices opened this week at $1,794.00 and ended the week up $22.60 at $1,816.60. Popular Platinum products this week included, 1 oz. Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $771.00 and ended the week up $0.80 at $771.80. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the British Gold Britannia coins.

Unveiled by the Royal Mint in 1987, the Gold Britannia coins are British Gold bullion coins that have begun to play a major role on the coin market. Every year since 1987, the Gold Britannia has been issued in both proof and bullion versions. Gold Britannias are issued in 1, 1/2, 1/4, and 1/10 oz sizes with face values in British pounds (£) of £100, £50, £25, and £10, respectively. Gold Britannias are .917 Gold (22-karat Gold) and are legal tender in Great Britain. Until 1990, the Gold Britannia was alloyed with copper. However, beginning in 1990, the Gold Britannia has been alloyed with Silver, which gives the Gold Britannias issued since 1990 a lighter yellow color than the earlier Britannias.

The Gold Britannia’s attractive design was created to appeal to both collectors and investors alike. The obverse of the Gold Britannia bears a depiction of Queen Elizabeth II. The Gold Britannias issued from 1987 to 1997 feature the “Third Portrait” of Queen Elizabeth II, while the “Fourth Portrait,” a more mature likeness of Queen Elizabeth II, graces the Gold Britannias issued from 1998 and on to the Gold Britannias being produced today.

The reverse pays tribute to the Britannia image that first appeared on coins produced under the rule of the Roman Emperor Hadrian. An ancient term for Great Britain, Britannia began to personify the island of Great Britain in the first-century Roman world. Illustrated as a goddess, Britannia resembles the Roman figure Boudica. Britannia first appeared on British coins in 1672, when she graced the farthings and halfpennies of Charles II. However, the Gold Britannia is the first Gold coin since the days of the Romans to feature the Britannia image.

Since its first appearance on British coins, the image of Britannia has evolved over the years. Though usually portrayed seated, Britannia appeared standing on British Trade Dollars from 1901 to 1935 and on the florins of Edward VII from 1902 to 1910. The Gold Britannia coins feature different variations of the Britannia design, including a Standing Britannia, a Seated Britannia, and others. Designed by Philip Nathan, the Standing Britannia image commonly seen on Gold Britannias brings the story and Roman tradition of Britannia to life in the modern world. For their illustration of the majestic Britannia, the Gold Britannias are some of the most beautiful Gold coins in the world.

Gold prices fluctuate, but the popularity of the Gold Britannia bullion coins only increases. APMEX sells Gold Britannia coins in brilliant uncirculated and proof condition. APMEX makes it easy to buy Gold by offering competitive Gold prices on all Gold bullion coins. British Gold Britannia bullion coins belong in every investor’s portfolio.

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Market Recap 3/4/11

It was not until Monday night, when reports that the Saudi Arabian stock market fell over 6%, that precious metal prices began to move. Concerns of a “worst case scenario” began to grow and the economic health of the region became questioned. Oil prices moved up and Gold moved along with it. By the end of Tuesday, Gold was at a record high.

In 2010, China imported 5X as much Gold as they did in 2009. On Wednesday, it was reported that they have already reached 200 metric tones this year, which is approximately 40% of their imports from last year. China’s large appetite for Gold appears to be increasing. Gold futures settled at a new record high on Wednesday.

Thursday, the stock market soared and precious metal prices retreated. Venezuela volunteered their assistance to step in and help broker a peaceful resolution in Libya. In addition, the expectation of a positive jobs report on Friday created a renewed sense of optimism. These factors, along with the announcement that the European Bank may raise interest rates, created a flight from safe haven investments.

By Friday the safe haven fight had landed and the stock market plummeted over 150 points before settling – down 88 points. Former Federal Reserve Chairman, Alan Greenspan, while speaking on CNBC this morning noted that “there is no question that the momentum of the economy, leaving out the oil price issue, leaving out the Euro problems that have emerged, and very specifically leaving out the budget problems, this economy is really beginning to pick up momentum.” Those seem to be a lot of problems to leave out.  Mr. Greenspan did go back to this issue and say in so many words, that when you factor them all in, no forecaster knows with any certainty how this will all play out.

Gold and Silver continued to add to their gains this week. Silver is trading at a 31-year high. Oil also continued to climb sparked by new violence in Libya.

Gold:
Spot Gold prices opened this week at $1,411.00. The high during the week was on Wednesday, March 2nd, at $1,441.60, while the low for the week occurred on Monday, February 28th, at $1,407.90. Gold ended the week up $23.10 at $1,434.10. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $33.42. Silver reached a 31-year high of $35.73 on Friday, March 4th, while this week’s low for Silver occurred on Monday, February 28th, at $33.26. Silver ended the week up $2.29 at $35.71. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, 1 oz. Silver Buffalo Rounds and 10 oz. APMEX Silver Bars.

Platinum:
Spot Platinum prices opened this week at $1,808.90 and ended the week up $36.90 at $1,845.80. Popular Platinum products this week included, 1 oz. Pamp Suisse Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $792.90 and ended the week up $21.30 at $814.20. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the Canadian Silver Maple Leaf bullion coins.

The Canadian Silver Maple Leaf, the official Silver bullion coin of Canada, has become one of the most popular Silver coins sought after by investors and collectors worldwide. Since first being minted by the Royal Canadian Mint in 1988, the design of the Silver Maple Leaf has undergone annual changes that include proof releases, various privy marks, holographic enhancements, and commemorative variations. However, the basic features of the Silver coin have remained the same since its inception. The obverse of the coin depicts the effigy of Queen Elizabeth II, and the reverse of the coin showcases the signature Maple Leaf so closely associated with Canadian nationalism and reflective of Canadian pride.

What sets this Silver gem apart from its Gold, Platinum and Palladium counterparts is the fact that the consumer demand for the Silver Maple Leaf has caused the prices for the coin to skyrocket past the actual bullion value of the coin. For example, while the face value of the Silver Maple Leaf is five Canadian dollars, the highest face value among international Silver bullion coins, the coin has generated prices that far outweigh its actual face value. In addition to its high value, the Silver Maple Leaf is unique in that it is one of the purest Silver bullion coins on the market. With a 99.99 percent purity, the Silver coin ranks among the purest Silver bullion coins ever produced.

For its numerous positive qualities, the Canadian Silver Maple Leaf is a treasure that could potentially enhance any coin collection or investment portfolio. Because of its high value, purity level, and clear symbolism of Canadian culture, the Silver Maple Leaf is a coin that has developed a high international profile and will most likely continue to play a major role in the world coin markets.

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Market Recap 1/28/11

This week was one of contrarian messages. On one hand, there were forces indicating that the economy had turned the corner and would continue to improve. Presidents Obama’s State of the Union Address certainly painted such a picture. There was also supporting economic data, such as Friday’s GNP report. On the other hand, news surfaced that continued to inflame concerns about the global debt crisis. Japan’s long term debt rating was downgraded by Standard & Poor’s. It is apparent that the US Unemployment Rate is not going to improve significantly anytime soon. All week long, news of rioting and societal unrest in Egypt surfaced, reaching a fever pitch in the media on Friday, driving stocks down and precious metals prices up yet again.

No matter your opinion of the President’s State of the Union Address, it was decidedly more pro-business and most definitely upbeat on the economy. It was criticized for lack of details, although President Obama did propose a five-year freeze on non-discretionary defense spending. Most analysts depict this as “spare change” and an avoidance to tackle the more serious issues like raising taxes and cutting entitlement programs. The stock market began to move up and precious metal prices moved down. Perhaps the President should have coordinated better with the Federal Open Market Committee because the afternoon after he gave his speech, they came out with a more pessimistic view of the economy. Precious metal prices immediately began to surge.

By Thursday the pendulum had swung once again. The market once again developed a taste for risk so the stock market went way up and precious metals went way down. Never mind that the applications for jobless benefits went up.

Friday began slowly with a distinct downward pressure on precious metal prices. By mid-morning, the rumblings going on all week about riots in Egypt received more serious attention and began to strike fear in the heart of the risk takers. Money began to flow out of the stock market and raced towards more safe haven investments. Gold had its biggest jump in 12 weeks.

Gold:
Spot Gold prices opened this week at $1,343.40. The high during the week was on Monday, January 24th, at $1,354.00, while the low for the week occurred on Friday, January 28th, at $1,309.10. Gold ended the week down $3.80 at $1,339.60. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, 2010 1/4 oz. Gold American Eagles and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $27.56. Silver reached a high of $28.03 on Friday, January 28th, while this week’s low for Silver occurred earlier on Friday, January 28th, at $26.30. Silver ended the week up $0.47 at $28.03. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, and 1 oz. Silver Buffalo Rounds.

Platinum:
Spot Platinum prices opened this week at $1,829.70 and ended the week down $32.50 at $1,797.20. Popular Platinum products this week included, 1 oz. Pamp Suisse Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $823.40 and ended the week down $5.40 at $818.00. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the Mexican Gold Libertads.

While coin collectors all over the world have long admired the beauty of the Mexican Gold Libertad bullion coins, many people are not familiar with the love story that inspired the coin’s striking design.

According to a Pre-Columbian legend, a warrior named Popocatepetl fell in love with Iztaccihautl, a king’s daughter, and earned a tentative marriage blessing from the king, on the condition that he win a battle against a rival tribe. While the battle delayed the warrior, a rival suitor started a rumor that Popocatepetl had been killed in the battle, and the fair maiden died of a broken heart.

Upon finally returning as the victor from the battle, Popocatepetl discovered the fate of his lover and buried her on top of a mountain range that assumed the shape of a sleeping lady in honor of the dead maiden. Grief-stricken, Popocatepetl climbed an adjacent mountain in order to keep eternal watch over his beloved.

To memorialize these legendary lovers, the Gold Libertad depicts a graceful angel and Popocatepetl and Iztaccihautl, the two iconic Mexican mountain peaks named after the lovers, on its obverse. Moreover, the Gold Libertad, also known as an “Gold Angels,” further celebrates the Mexican heritage on its reverse by featuring the Mexican Coat of Arms symbol of an eagle perched on a cactus, clutching a serpent in its beak.

Showcasing the design of the angel and the “Lovers’ Peaks” since 1991, the Libertad not only radiates beauty, but also preserves a Mexican legend of love and romance. A gem for collectors and investors alike, this gold coin contains 99.9% fine gold and is available in convenient 1/20 oz., 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz. weights. For its reflection of Mexican tradition and its gold value, the Libertad is a gold coin worth adding to any coin collection.

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Market Recap 1/21/11

Chinese President Hu Jintao’s visit to Washington was the story of the week. Although expectations were not high as to any big policy announcements, it represents the continued efforts by both countries to improve relationships. Of course, the US wants China to allow the Yuan to appreciate relative to other global currencies, while China is comfortable with the status quo.

On Tuesday, all precious metal prices received a boost when higher than expected inflation data was reported from the UK. US debt concerns surfaced again when Neel Kashkari, former head of the $700 billion TARP program said, “our debt is starting to get away from us.” Global and domestic confidence in US Treasuries could fall dramatically if the Fed keeps printing money to buy bonds.

Precious metal prices are up for the third day in a row as a result of a weak dollar and increased demand out of Asia. Platinum hit a 30-month high and Palladium continues to go up as well. These two metals have important industrial applications and therefore they are rising on the improving economics.

After three days of moving up, profit takers moved in and precious metal prices retreated. There were no major news stories other than the daily cycles where traders move in and out. Investors with a long term view stepped in and bought on the dips. Platinum rebounded quickly especially on the announcement that China imported 40% more platinum in 2010 than they did in 2009.

Gold:
Spot Gold prices opened this week at $1,362.90. The high during the week was on Wednesday, January 19th, at $1,378.90, while the low for the week occurred on Friday, January 21st, at $1,337.00. Gold ended the week down $19.50 at $1,343.40. This week, the most popular Gold bullion products were 2011 Gold American Eagles, 1 oz. Pamp Suisse Gold Bars, 2010 1/4 oz. Gold American Eagles and 2011 1 oz. Gold Maple Leafs.

Silver:
Spot Silver prices opened this week at $28.51. Silver reached a high of $29.49 on Wednesday, January 19th, while this week’s low for Silver occurred on Friday, January 21st, at $27.08. Silver ended the week down $0.95 at $27.56. The most popular Silver products on APMEX.com this week were 2011 Silver American Eagles, 2011 Silver Maple Leafs, 1 oz. Silver Buffalo Rounds and 1 oz. Sunshine Silver Bars.

Platinum:
Spot Platinum prices opened this week at $1,816.00 and ended the week up $13.70 at $1,829.70. Popular Platinum products this week included, 1 oz. Pamp Suisse Platinum Bars, 1/10 oz. Platinum American Eagles, and 1 oz. Platinum American Eagles.

Palladium:
Spot Palladium prices opened this week at $798.90 and ended the week up $24.50 at $823.40. Palladium investors preferred 1 oz. Pamp Suisse Palladium Bars and Palladium Canadian Maple Leafs this week at APMEX.com.

Featured Bullion Product:
Each week, APMEX will review a different bullion product for the benefit of our readers. This week, we will review the 2011 Gold and Silver Chinese Panda coins.

APMEX is excited to announce our new allotment of 2011 Chinese Pandas. The 2011 Panda coins are the latest installment in one of the world’s most popular series of coins. Like the Chinese Pandas before, the 2011 obverses show the Hall of Prayer for Good Harvest of the Temple of Heaven in Beijing. These Chinese Pandas continue their tradition and have a brand-new reverse design featuring a Panda and her cub in a field of bamboo. Being as no two years are alike, the Chinese Panda coins are highly collectible.

The 2011 Chinese Pandas are available in both gold and silver. The Silver Chinese Panda is available in a 1 oz. coin, while the Gold Chinese Panda is available in 1 oz., ½ oz., ¼ oz., 1/10 oz., and 1/20 oz. sizes. The Gold and Silver Chinese Pandas are admired for their value and striking beauty. Be one of the first to get these gems from the Far East!

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