July 23, 2010

07-22-10 Market Recap for Gold and Silver

By Planet Wealth

pstrongSilver MarketCommentary R/strongstrongeport for 7/22/2010nbsp;/strongnbsp;/p
pWhile the September silver managed to make a fresh new high for the week this morning, some silver bulls might have been a small disappointed in the magnitude of the rally especially in the wake of a very strong US equity market rally. In fact, silver also saw gains in a host of physical commodities and it also saw a sharp slide in the Dollar and that could have ushered in a broad based rally in silver. While silver and other markets were hopeful of apparently improved conditions in the Euro zone other parts of the market are growing even more concerned about the condition of the US economy./p
pstrongGold Market Analysis Report for 7/22/2010/strong/p
pWhile the gold market showed it was still tracking tightly with the equity markets, it is also possible that noted gains in the Euro and the Swiss provided the gold market with some currency related buying. The bull camp in gold generally discounted news that uncertainty toward the Euro zone was declining and that seems to have solidified the gold markets focus on classic physical commodity market fundamentals. Despite what seemed to be a downgrade of debt concerns toward the Euro zone, some gold traders might have been buying into gold because they expect to see a surprise from the stress test release. In other words, some flight to quality longs were standing by their hopes./p
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pAfter reading the silver andnbsp;gold review, traders might want to take a peek at the commercial traders momentum.nbsp; The Commercial Trader momentum can be tracked by using the a href=http://www.commodityandderivativeadv.com/ target=_blankCommodity Futures /aTrading Commission a href=http://cotsignals.com/ target=_blankCommitment of Tradersnbsp;/areports.nbsp; Our thought is that, in a value driven commodity futures market no one knows honest value like the people who produce it or, have tonbsp;use it.nbsp; In fact, it is preciselynbsp;their sense of value that provides the commodity markets rhythmic meanderings that swing traders like so much.nbsp; Lets 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.nbsp;nbsp; Therefore, tradernbsp;should be able to incorporate this valuable information into their a href=http://www.commodityandderivativeadv.com/services/systems target=_blankfuture market education/a./p
pAndynbsp;Waldocknbsp;publishes this blog.nbsp;nbsp;Andy Waldock is a financial advisor, broker, asset manager, trader, and analystfor Commodity amp; Derivative Advisors, located in Sandusky, Ohio.nbsp; Therefore, Andy Waldock may have positions for himself, his family, or his customers in any commodity future market reviewed.nbsp;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 use a high degree of leverage and commodity trading nbsp;may not be suitable for all investors.nbsp; There is considerable risk in investing in commodity futures.nbsp; If you are interested in reading other published articles, commentingnbsp; on his writingsnbsp;or subscribing to Andys blog,nbsp;please visit http://blog.commodityandderivativeadv.com, or if you have any questions, please call 1-866-990-0777./p
pThe daily commentaries provide an analysis of the factors that influenced price activity, a recap of any reports released that day, a summarynbsp;of each commoditys traded price activity, and a look ahead at the schedule for the next day.nbsp;nbsp;Market commentaries for soybeans, corn, wheat,nbsp;silver and gold are provided by CME Group.nbsp;nbsp; 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 buy or sale of any futures or options contracts./p
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