Want to trade GLD ETF. Looking for a good book on what moves the gold market. Any suggestions? Thanks!
you know I haven't read any of these, but I might check them out now The CPM Gold Yearbook 2007 Gold Trading Boot Camp Gold: The Once and Future Money alot of the wiley finance trading books are really pretty darn good
the micro effects on gold are the US Dollar and oil..... the macro is the fact that central banks will do anything to prevent gold from becoming an instrument of primary exchange to settle debts or pay for goods... to do so would end the charade of the paper they print that is backed by thin air and blue smoke
You would be much better off trading gold futures rather than GLD. There are greater tax consequences with short-term trades on GLD and you would only be able to trade during NYSE trading hours. Gold tends to have major moves in Asia/Europe trade while the US market is closed and therefore futures allows for better risk management imo...