Precious Metals Trading : How To Forecast and Profit from Major Market Moves [Hardcover]

Philip Gotthelf (Author)

Book Description

Publication Date: May 2, 2005 | ISBN-10: 0471711519 | ISBN-13: 978-0471711513 | Edition: 1

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 technologies, new economic forces, and new demographics. Updated to reflect changes in this market since the mid-1990s, The Precious Metals Trader focuses on new developments that could translate into serious profit-making trends-from electrically-generated automobiles that could substantially increase demand for platinum to the increased use of composites in dentistry, which could negatively impact the use of both silver and gold. The Precious Metals Trader also 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.
Philip Gotthelf (Closter, NJ) publishes the Commodex System-the oldest daily futures trading system published in the world-and the Commodity Futures Forecast Service. He is also President of Equidex Incorporated and Equidex Brokerage Group Inc.

Editorial Reviews

From the Inside Flap

Precious metals roared back from near oblivion to become front-page news at the turn of the new millennium. It's not simply the extraordinary price volatility that has revived investor interest. Technology has changed the way we mine, use, and even invest in precious metals—and supply/demand fundamentals have quickly evolved—ushering in a new age of precious metal trading. New investment vehicles, including derivatives, interest rate futures and options, and stock issues representing physical gold (ETFs), have created "must use" strategies for the most sophisticated investors, as well as profit-packed opportunities for anyone willing to learn exciting new approaches.

If you understand the impact of new technologies, new economic forces, and new demographics within this field, the potential for profits is enormous. That's why Philip Gotthelf—one of the top experts in this field—has written Precious Metals Trading. He wants to show you exactly how to profit from the sweeping changes affecting this dynamic marketplace.

Filled with fresh insights and authoritative advice, this one-of-a-kind guide explores the new nature of the precious metals market and examines the traditional roles and market structures that have led us to this point. With a solid understanding of the forces at work behind the precious metals scene—such as the technologies that will expand or contract precious metal consumption—you'll be prepared to forecast, and profit from, both upswings and downturns in this major market.

You'll also find detailed answers to other important questions, including:

• What are the market-driving fundamentals behind gold, silver, platinum, and palladium?
• Where, when, and how will trends develop for these precious metals?
• Is there real opportunity in industrial applications like platinum fuel cells, silver-based computer memory cards, gold plasma "sono-luminescence" reactors, or superconductive alloys?
• How has the change in monetary and political systems around the world affected the way precious metals are traded?
• What trading strategies should be used to take advantage of the structural changes in precious metals markets?

People's lives have been, and will continue to be, surrounded and influenced by precious metals. Yet precious metals are among the least understood "investments." If you want to compete and win in today's investment arena, you have to use every profitable avenue available. With Precious Metals Trading on your side, you'll learn how to add weight and performance to your portfolio with gold, silver, platinum, and palladium.

From the Back Cover

Praise for PRECIOUS METALS TRADING

"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."
—Stanley W. Angrist, former commodities reporter, The Wall Street Journal

"Because the precious metals market has a penchant for dramatic and fundamental change, Gotthelf's latest 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!"
—Gail Osten, Executive Editor, Stocks, Futures and Options magazine

New precious metals opportunities are evolving with more profit potentials than ever before. Now, investors can buy Exchange Traded Funds (ETFs) like shares of stock that represent specific quantities of gold. Mounting political and economic uncertainty demands a new and comprehensive investment outlook that includes hard assets like precious metals. Make sure you understand how, when, and why you should use the most time-tested and proven symbols of value to make your portfolio more secure. This latest update is packed with the information you need to be a more successful overall investor.

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Product Details

• Hardcover: 340 pages
• Publisher: Wiley; 1 edition (May 2, 2005)
• Language: English
• ISBN-10: 0471711519
• ISBN-13: 978-0471711513
• Product Dimensions: 9.2 x 6.3 x 1.2 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 2.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,780,862 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

4.0 out of 5 stars rational advice, March 17, 2007

By 

W Boudville (Terra, Sol 3) - See all my reviews
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This review is from: Precious Metals Trading : How To Forecast and Profit from Major Market Moves (Hardcover)

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.

6 of 11 people found the following review helpful:

1.0 out of 5 stars Doesn't Do The Job, June 26, 2007

By 

Ralph Edwards - See all my reviews

This review is from: Precious Metals Trading : How To Forecast and Profit from Major Market Moves (Hardcover)

The book doesn't live up to the title...in the chapter on forecasting he states, that it can't be done. I think what he meant to say was, he doesn't know how to forecast the price of precious metals. I sent my copy back.