Dec
18
11-12-10 Market Review for Silver and Gold
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Silver Market Review for 11-12-10
The December silver contract made an early attempt to throw off overnight weakness but that effort was short lived. In from the early morning high to the mid afternoon low, December silver forged a trading range of roughly $1.54 an ounce and that action seemed to cap off a week of very volatility trade action. Surprisingly action in the currency markets didn’t seem to inspire the wholesale washout in a host of physical commodity markets, as many traders were reacting to fears that China might be poised to tighten rates and in turn attempt to reign in inflationary pressures.
Gold Market Analysis for 11-12-10
The gold market started out under pressure and then mounted a series of stair step lower moves throughout the trading session. One could choose from a number of bearish themes for the sharp breakdown in gold prices today, but the fear of Chinese tightening further seemed to be a key component of the washout in prices. Another argument that might have inspired the bear camp and perhaps unnerved some bulls is the idea that QE2 has lost its fanfare with its kick off today. It is also possible that classic profit taking selling surfaced and in turn sparked technical stop loss selling in the wake of the historic early November rally. With a number of physical commodities under pressure today the overall environment seemed to favor the sellers.
After reading the silver and gold 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 futures market education.
The daily commentaries provide an analysis of the factors that influenced price activity, a recap of any reports released that day, a rundown of each commodity’s traded price activity, and a look ahead at the next day’s schedule. 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.
Andy Waldock publishes this blog. Andy Waldock is a financial advisor, trader, analyst, broker and asset managerfor Commodity & Derivative Advisors, located in Sandusky, Ohio. As a result, Andy Waldock may have positions for himself, his family, or his clients in any commodity future market discussed. The blog is meant to develop a dialogue and educate 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. There is substantial risk in investing in commodity futures. 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.
Dec
7
Silver and Gold Market Commentary 08-02-10
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Silver Market Review Report for 8/2/2010
The silver market managed a rather impressive range up extension to start the week and in the process the market managed to reach the highest level since July 1st. To make the gains today, the silver market had to discount the news of a 3.6% year over year increase in May Mexican silver production. Silver and other physical commodity markets seemed to catch some lift from broad based commodity buying interest but a weaker Dollar might have given the bull camp an added incentive as the Dollar fell to the lowest level since April 15th.
Gold Market Recap Report for 8/2/2010
The gold market managed a recovery attempt after some initial weakness early Monday morning. With rising equity prices and a declining Dollar the gold market could have been lifted by a number of different developments. In fact, some flight to quality players suggested that comments from Bernanke regarding the troubled finances of various States, contributed to the morning recovery attempt. However, talk of money flowing out of gold equity instruments for the month of July might have prompted some long liquidation of gold in the wake of the late morning highs.
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 rundown 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 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.
This blog is published 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 customers, or his family in any commodity future market discussed. The blog is meant to develop a discussion and educate 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 substantial risk in investing in commodity futures. 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.
Oct
30
Silver Market Review for 8-25-10
The silver market managed two sweeping rallies during the Wednesday US trade, with the mid day rally forging a low to high extension of roughly 32 cents an ounce. Silver seemed to take most of its direction from flight to quality concerns and from the strength in the gold market. With big volume activity accompanying the recent upside action in silver prices, some in the bull camp are suggesting that technical momentum is adding into the upside tilt. For the time being silver seems to be discounting its physical commodity market standing in favor of a safe haven mentality.
8-25-10 -- Gold Market Recap Report
The gold market reversed a minimally early negative early bias from early in the trade and then responded with a $10 per ounce mid morning rally in the wake of more disappointing news from the US economic front. With equity prices also remaining weak and concern for the overall condition of the US and world economies remaining in the headlines, flight to quality buyers continued to find interest in the gold market. In addition to softer than expected Durable Goods orders the market also saw another discouraging report from the home sector.
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 rundown 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 corn, wheat, soybeans, gold and silver. 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.
Andy Waldock publishes this blog. Andy Waldock is a financial advisor, analyst, broker, asset manager and traderfor Commodity & Derivative Advisors, located in Sandusky, Ohio. For that reason, Andy Waldock may have positions for himself, his family, or his clients in any commodity future market discussed. 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 appropriate 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 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.
Sep
29
Silver Market Analysis Report for 7/6/2010
The silver market generally managed to track its physical commodity market fundamentals on the first trading session of the new holiday shortened week. In fact, the silver market had to buck the trend of moderate weakness in the gold market to remain in positive ground. Clearly silver, copper and platinum were tracking the favorable equity market and the decline in the Dollar while the gold market was seemingly under safe haven liquidation pressure. Even soft US and Canadian economic readings failed to take the positive tilt away from silver and the quasi industrial metals markets today.
Gold Market Recap Report for 7/6/2010
This morning the gold market forged a quasi downside breakout on the charts but then seemed to lack downside follow through momentum. In fact, the even number $1,200 level basis August gold seemed to keep the gold market somewhat distracted from the downward tilt that was established after the higher US NYSE opening. Apparently the gold trade took the higher equity market action as a sign that flight to quality interest was on the wane after last week’s key events. However, the US Treasury market seemed to hang onto the safe haven tilt even though the Dollar seemed to be suffering the same type of let down as 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 commodity trading system.
Andy Waldock publishes this blog. Andy Waldock is a financial advisor, broker, asset manager, trader, and analystfor Commodity & Derivative Advisors, located in Sandusky, Ohio. As a result, Andy Waldock may have positions for himself, his family, or his customers 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 appropriate for all investors. There is substantial risk in investing in commodity futures. If you are interested in reading other published articles, commenting on his writings or subscribing to Andy’s blog, please visit http://blog.commodityandderivativeadv.com.
The daily commentaries provide a recap of each commodity’s traded price activity, an analysis of the factors that influenced price activity, a summary 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.