8-16-10 – Gold Market Recap Report  

The gold market started out strong and at times managed to rise above the even number $1,250 level. Apparently the market managed to embrace a weak NAHB housing index reading and a weaker Dollar because gold could have been tripped up by the recovery attempt in the US equity markets. In other words, gold seemingly managed to sustain an upward bias in prices today despite a tempering of macro economic concerns in the equity markets. In the end, weakness in European equity markets into their close, off renewed bank sector concerns and slack Japanese economic readings seemed to leave the flight to quality mentality in play.

Silver Market Analysis for 8-16-10 

A big range up extension in silver today failed to put prices definitively above the even number $18.50 level in the September contract. However, with the range up move silver showed the ability to track with the gold market and at times to rally in the face of a deteriorating macro economic outlook. The bulls are suggesting that silver is garnering flight to quality buying, while the bear camp might suggest that the gains today were the result of fresh Dollar weakness.

After reading the gold and silver analysis, 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.

The daily commentaries provide a recap of each commodity’s traded price activity, an analysis of the factors that influenced price activity, a review of any reports released that day, and a look ahead at the next day’s schedule.  Market commentaries for corn, wheat, soybeans, silver and gold 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. 

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.  Therefore, Andy Waldock may have positions for himself, his clients, or his family in any commodity future market reviewed. The blog is meant for educational purposes and to develop a dialogue 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 appropriate for all investors.  There is considerable risk in investing in commodity futures.  If you are interested in reading other circulated 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.

Related Reading:

Cast Iron Star Corner Brace Set (2)

Greenlee 89846 NA 920XC Handheld Singlemode OTDR Aust 920XC13AAPCAUS

Scale mech util 250x1lb each [PRICE is per EACH]

Nature and Extent of Tourists' Expenditure: An Analysis of Uncategorized Expenditure of Tourists in Northeast India

Glass Western Boot Ornament Set of Three