October 15, 2010

Gold and Silver Commentary 8-24-10

By Planet Wealth

pnbsp;strong8-24-10 – Silver Market Recap Reportnbsp;/strong/p
pThe silver market appeared to be under pressure from its physical commodity market standing in the early Tuesday trade. But, silver managed to throw off the weakness and charge higher ahead of critical US scheduled data and that anticipation seemed to be rewarded with an increase in uncertainty and some renewed flight to quality buying of silver. But, copper wasnt as lucky as that market clearly seemed to be undermined by the threat of a double dip recession. In small, there was a distinct in the Tuesday metals trade between financial instruments and industrial commodities, with silver apparently choosing the financial instrument path./p
pstrongGoldnbsp;Market Commentary for 8-24-10nbsp;nbsp;/strong/p
pThe gold market waffled around both sides of unchanged in the early morning trade, but the bull camp seemed to regain control over prices well ahead of the regularly scheduled US data flows. Apparently weakness in the equity markets combined with much weaker than expected US existing home sales readings for a rekindling of economic uncertainty. In fact, in the face of a two point bond rally the gold market clearly seemed to regain its flight to quality status, especially since the Dollar seemed to be pressured by the sour US data./p
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pAfter reading the gold and silver 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.span%20class=posible_changer%20id=spin_3%20onclick=showspinoptions(3)commodity/spanandspan%20class=posible_changer%20id=spin_38%20onclick=ShowSpinOptions(38)derivative/spanadv.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;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
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 next days schedule.nbsp;nbsp;CME Group provides market commentaries for corn, wheat, soybeans,nbsp;silver and gold.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.nbsp;/p
pAndynbsp;Waldocknbsp;publishes this blog.nbsp;nbsp;Andy Waldock is a financial advisor, asset manager, trader, analyst and brokerfor Commodity amp; Derivative Advisors, located in Sandusky, Ohio.nbsp; For that reason, Andy Waldock may have positions for himself, his family, or his clients in any commodity future market discussed.nbsp;The blog is meant for educational purposes and to develop anbsp;discussion among those with an interest in the commodity future markets. The commodity markets may not be appropriatenbsp;for all investors due to the high degree of leverage.nbsp; Investing in the commodity futures could result in substantial risk.nbsp; If you are interested in reading other circulated 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

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