Precious Metals Trading: How To Forecast and Profit from Major Market Moves
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Precious Metals Trading: How To Forecast and Profit from Major Market Moves explains the supply/demand fundamentals of the four precious metals-gold, silver, platinum, and palladium-and provides projections about long-term trends and profit opportunities that will coincide with them. Filled with fresh insights from Philip Gotthelf-one of the top experts in this field-The Precious Metals Trader offers readers the guidance they need to trade profitably within this dynamic market.
Introduction:
Although examining new market developments is intriguing, a text on precious metals investing is not complete without reviewing basics. Yes, cyberspace is fascinating, but what are gold, silver, platinum, and palladium, and where do these metals come from? How are they used? Why are they valuable? Do we consume silver, platinum, and palladium as opposed to gold? What technologies will expand or contract precious metal consumption? How might computers replace platinum as a means for cleaning engine emissions? Will new engines eliminate the need for catalytic converters? How much platinum do we use each year for these catalytic converters? The basics are important if we are to profit from precious metals in the years ahead.
As rapidly as technology is advancing, so is political change. Again, we can thank information technology for much of the globalization process that has torn down barriers and constructed new political incentives that can drive precious metals. Consider that the majority of the gold and silver hoard is stored in central bank vaults. These metals remain political assets. If there has truly been a divorce between money and the sibling metals, the message has not been fully accepted by central banks. Even today, treasuries are not too keen on the idea of selling precious metal inventories, a process referred to as divestment. What is the significance of global gold reserves? What are the important influences gold reserves have upon investment strategies? Alone, explorations of silver and gold politics can fill several books.
To appreciate the big picture, this book briefly explores geology, mining, refining, and applications of these metals. How do copper prices affect silver, gold, platinum, and palladium? What about other base metals like nickel, tin, zinc, lead, and iron? Can fusion and fission technology dictate precious metal prices? What about religion, population, demographics, and education? Can we be conditioned to abandon gold and silver?Can we be taught that these are simply metals like all others? Is there a master plan?
Finally, this book considers strategies. How can you invest in precious metals? Why should you invest? When should you invest? Are stocks better than physical metal? What about futures and options?Should you consider rare coins, medallions, and coin of the realm? What is the significance of face value? Does it all sound interesting and exciting? Let’s get started!
Contents:
- What’s All the Fuss About?
- Monetary Roles
- Are Precious Metals Investments?
- New Strategies for New Markets
- Price Action
- Gold Fundamentals
- Silver Fundamentals
- Platinum Fundamentals
- Palladium Fundamentals
- Investing in Stocks
- The Physical Market
- Projections
Precious Metals Trading: How To Forecast and Profit from Major Market Moves By Philip Gotthelf pdf
| Author(s) | |
|---|---|
| Format | |
| Pages | 350 |
| Publication Year | 2005 |
4 reviews for Precious Metals Trading: How To Forecast and Profit from Major Market Moves
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Adam Waller (verified owner) –
Because the precious metals market has a penchant for dramatic and fundamental change, Gotthelf’s work is the bible for those who want enduring market background as a precursor to making money in these markets during these uncertain times. The step-by-step information will make that a much easier proposition!
Whitley Myers (verified owner) –
If you want to learn how to add precious metals to your portfolio, and the author of this book makes a persuasive case that you should, then read this book. Pay attention to what Gotthelf writes because he has studied the history and trading of these metals for his entire adult life. Moreover, he has traded them profitably over that period. Whether your interest is precious metal stocks, futures, options, or bullion itself, this book is the place to find out what you need to know.
Zakai Waller (verified owner) –
Very interesting and going quite deep into the subject, I loved to read it and found it very usefull for trading precious metals although it’s a bit outdated, but it was nice to see that the author predicted well the future of precious metals when the book was written. Highly recommend!
Karter Stout (verified owner) –
A major motivation for the writing of this book is the run up in prices of gold, silver and platinum during this decade. So when I started reading this book, I expected some shrill hyping. Because in the last 25 years or so, the niche of precious metals has been about the worst performing sector in the US, considered over all mainstream investment classes.
Yet, against most of my expectations, Gotthelf offers fairly sober advice. He does point out that from 1972 to 2004, the silver price equilibrates around $5/ounce. And that, for example, a bull market in silver tends to be short lived; around 1 year. All this adds to a cautionary approach. Don’t think that silver prices can keep rising indefinitely. Be a cynical bull.
He also analyses gold. For both, hedging advice is proferred. Along with writing of covered calls against any bullion that you own outright. And he cites examples of past frauds in the field of holding bullion. Keep your wits about you.