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10-1-10 – Gold Market Recap Report  

The gold market closed the week with a very impressive total gain. Clearly a persistently lower US Dollar seemed to provide the brunt of the spillover buying interest in gold. However, at times it seemed as if some of the buying in gold was indirectly the result of inflationary type buying, which in turn was being fostered by the widespread belief that the US Fed would soon be stepping up to provide the US economy with additional assistance. Some traders will suggest that renewed sovereign debt concerns in the Euro zone, austerity inspired riots and strikes and the prospect of a trade war between the US and China were also elements that provided the bull camp with its incentive this week. 

Silver Market Review for 10-1-10 

Like the gold market, the silver market also managed a very impressive week of gains. As in gold, the silver trade seemed to be pulling from a long list of bullish fundamentals. The sharp slide in the Dollar helped silver and a number of physical commodity markets, but the silver trade was also drafting off the strength in gold and getting some buying because silver prices are still below their all time highs.

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 futures 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.  Therefore, Andy Waldock may have positions for himself, his clients, or his relatives in any commodity future market reviewed. 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 suitable for all investors.  Investing in the commodity futures could result in considerable risk.  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, or if you have any questions, please call 1-866-990-0777. 

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 wheat, soybeans, corn, 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.