Precious Metals Trading: How to Profit from Major Market Moves

by Philip Gotthelf

Book Overview

A detailed look at how to profit in the precious metals market Today, gold, silver, platinum, and palladium offer a new and different profit potential for those who understand the impact of new... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0471711519
• ISBN13: 9780471711513
• Release Date: May 2005
• Publisher: Wiley
• Length: 352 Pages
• Weight: 1.20 lbs.
• Dimensions: 1.2" x 6.3" x 9.2"

Customer Reviews

rational advice

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.