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Silver Market Analysis Report for 7/12/2010

The silver market managed to initially reject a quasi downside breakout in the Monday morning trade, but ultimately the silver market generally spent a lot of time in negative territory. With crude oil and most industrial metals markets under noted pressure throughout the trading session today silver probably saw some broad based spill over selling pressure. With the threat of slowing still hanging over the market, the trade wasn’t able to embrace safe haven themes from the Euro zone.

Gold Market Review Report for 7/12/2010

The gold market tried to waffle around both sides of unchanged today but ended up spending a lot of time in negative ground. Strength in the US Dollar amid concerns of global slowing apparently took precedence over the threat of renewed Euro zone turmoil. Perhaps the gold market was undermined by suggestions from the US Fed that the US would see a moderate recovery ahead. With noted weakness in a host of physical commodity markets today, the impact of the Dollar and the threat of a long slow recovery seemed to be carrying a lot of weight. Apparently the gold market needs something more than simple concerns from the Stress test issue to rekindle the flight to quality angle in the gold market.  

After reading the silver and gold recap, traders might want to take a peek at the commercial traders momentum.  The Commercial Trader momentum can be tracked by using the Commodity Futures Trading Commission Commitment of Traders reports.  Our idea is that, in a value driven commodity futures market no one knows fair value like the people who produce it or, have to use it.  In fact, it is precisely their sense of value that provides the commodity market’s rhythmic meanderings that swing traders love so much.  Let’s face it, producers know when their product is overvalue and it should be sold just as well as end line users know when they should be stocking up at low prices.   Therefore, trader should be able to incorporate this valuable information into their future market education.

Andy Waldock publishes this blog.  Andy Waldock is a financial advisor, asset manager, trader, analyst and brokerfor Commodity & Derivative Advisors, located in Sandusky, Ohio.  Therefore, Andy Waldock may have positions for himself, his family, or his clients in any commodity future market reviewed. The blog is meant for educational purposes and to develop a discussion among those with an interest in the commodity future markets. The commodity markets employ a high degree of leverage and commodity trading  may not be advisable for all investors.  Investing in the commodity futures could result in considerable risk.  If you are interested in reading other circulated articles, commenting  on his writings or subscribing to Andy’s blog, please visit http://blog.commodityandderivativeadv.com, or if you have any questions, please call 1-866-990-0777.

The daily commentaries provide a summary of each commodity’s traded price activity, an analysis of the factors that influenced price activity, a recap of any reports released that day, and a look ahead at the next day’s schedule.  CME Group provides market commentaries for wheat, soybeans, corn, silver and gold.   The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8-31-10 – Silver Market Recap Report 

The silver market forged an inside day, with most of the trade action centered on either side of the Friday closing price. The bulls will suggest that the silver market outperformed the rest of the precious metals complex, but silver didn’t outperform the copper market which seemed to be marching to its own bullish drummer. Even more surprising is the fact that silver managed to remain mostly positive throughout the session despite weakness in equities and weakness in the energy complex.

Gold Market Commentary for 8-31-10  

The gold market was apparently cheered by the events Tuesday morning as prices tossed off initial weakness and managed a fairly impressive rally before mid session. With gold managing the strength in the face of countervailing economic readings and a higher equity market trade into mid session, one almost gets the sense that gold wasn’t specifically rising off flight to quality issues. However, the flight to quality bulls might suggest that debt problems at the municipal level inside the US served to trump the somewhat better than expected US economic data and in the end that raised the desire for flight to quality instruments.

After reading the gold and silver review, traders might want to take a peek at the commercial traders momentum.  The Commercial Trader momentum can be tracked by using the Commodity Futures Trading Commission Commitment of Traders reports.  Our idea is that, in a value driven commodity futures market no one knows fair value like the people who produce it or, have to use it.  In fact, it is precisely their sense of value that provides the commodity market’s rhythmic meanderings that swing traders love so much.  Let’s face it, producers know when their product is overvalue and it should be sold just as well as end line users know when they should be stocking up at low prices. Therefore, trader should be able to incorporate this valuable information into their future market education.

This blog is reported by Andy Waldock.  Andy Waldock is a financial advisor, asset manager, trader, analyst and brokerfor Commodity & Derivative Advisors, located in Sandusky, Ohio.  For that reason, Andy Waldock may have positions for himself, his clients, or his family in any commodity future market reviewed. The blog is meant to develop a dialogue and educate those with an interest in the commodity future markets. The commodity markets may not be suitable for all investors due to the high degree of leverage.  Investing in the commodity futures could result in substantial risk.  If you are interested in reading other published articles, commenting  on his publications or subscribing to Andy’s blog, please visit http://blog.commodityandderivativeadv.com, or if you have any questions, please call 1-866-990-0777. 

The daily commentaries provide a summary of any reports released that day, a recap of each commodity’s traded price activity, an analysis of the factors that influenced price activity, and a look ahead at the schedule for the next day.  Market commentaries for wheat, soybeans, corn, gold and silver are provided by CME Group.   The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.