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Weekly Market Recap 4/3/2009

4/03/2009 05:44:00 PM, Posted by APMEX, No Comment

This week, the market has been very active. On Tuesday, the DOW and the S&P 500 finished March with their largest gains since October 2002. In March, the DOW finished up 7.7% showing its first gain after six months of loses.

The world’s leaders gathered for the G-20 conference in London where they agreed to funnel an additional 1.1 Trillion into the global economy to fight the current financial meltdown. Despite the short term upswing in the stock market, precious metals continue to be a major player for investors seeking safe haven.

Here is a brief synopsis of the highs and lows in the market and an overview of our very popular bullion and numismatic products here at

Spot Gold prices opened this week at $924.60. The high during the week was on Monday, March 30 at $935.50, while the low for the week occurred on Thursday April 2 at $894.90. Gold ended the week down $27.80 at $896.80. This week, 2009 1 oz Gold American Eagles, 2009 Gold Canadian Maple Leafs, 2009 1/10 ounce Austrian Philharmonics, 1 gram APMEX Gold Bars, and 1 ounce Pamp Suisse Gold Bars were all very popular items at

Spot Silver prices opened this week at $13.27. Silver reached a high of $13.35, on Monday, March 30, while the low for the week occurred on Thursday, April 2 at $12.56. Silver ended the week down .71 cents at $12.87. This week APMEX presented customers with the “Fool Proof Silver Sale”, which had a great response. 2009 Silver American Eagles, 1 oz. Silver Buffalo Rounds, 2009 Silver Canadian Maples, 1 ounce APMEX Silver Rounds, 2009 1 ounce Silver Philharmonics and 1 oz. Morgan Design Silver Bars were hot items on

Spot Platinum prices opened this week at $1144.87, and ended the week up at $1172.10. Platinum had a gain of $27.23 throughout the week. Investors continue to seek out platinum products. The most popular of these items were 1 oz. Platinum Pamp Suisse Bars and 1 oz. Scotiabank Platinum Bars. These items are live and ready to ship at

Spot Palladium prices opened this week at $222.00, and ended the week up $3.00 at $225.00. Palladium products continue to be in great demand. 1 oz. Pamp Suisse Palladium Bars remain popular with investors. You can use the APMEX AlertMe!℠ product alert feature to be notified when we have more of these sought after bars in stock.

The city of Baltimore offers a beautiful and renovated Inner Harbor area, the venerable Orioles baseball team, and probably the best crab cakes on earth. The city was very crowded last week with coin dealers from across the nation; but they weren’t there to enjoy the sights. They were there to conduct business at the Whitman Coin and Currency Expo. APMEX returned from the Baltimore coin show with renewed confidence in the rare coin market and significant new inventory! If you were to ask the majority of dealers in attendance there, they would all say that the show was a rousing success! Although the convention was shortened by one day from previous sessions (there was no Sunday activity), the dealers conducted enough business to make the trip to Maryland worthwhile.

We bought and bought and bought! Nathan, Robyn and Mike kept the US Post Office booth very busy mailing package after package of coins back to Oklahoma. The highly sought after 2009 Ultra High Relief Gold Coins were on everyone’s shopping list and there were only a few available at the entire show! These beautiful coins are very hard to get and no gold collection is complete without one! Beyond modern rarities, the reliable Morgan Silver Dollar was another very popular item at the show – in conditions from culls to Gems! We bought thousands of them!

Proof sets, Barber coins, early Lincoln cents, Large Size US Currency and all denominations of pre-1933 US Gold coins rounded out much of our new purchases. Click the hyperlinks to see some of the new items we purchased for you! And continue to look at these links over the next few days as we list more and more of these wonderful new items for your collections!

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