Gold Market Review Report for 7/26/2010
August gold remained on the defensive during today’s session, finishing the day in negative territory. The erosion of risk concerns in US and in European markets made it difficult for August gold to hold any strength for sustained periods. Stronger US equity markets added to the pressure on prices. Continued ideas that the Euro zone bank stress tests were not sufficient enough to judge potential debt problems helped to keep any weakness in check.
Silver Market Analysis Report for 7/26/2010
September silver was able to recover from early weakness and finished the day with a moderate gain. An improved outlook for the US economy, highlighted by a jump in US New Home Sales, assisted the market in making the turnaround. Although strong equities provided additional strength to the recovery, September silver was unable to move above last week’s high by the close.
After reading the silver and gold 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 published by Andy Waldock. Andy Waldock is a financial advisor, trader, analyst, broker and asset managerfor 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 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. 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 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. 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.
