Gold Trading Boot Camp: How to Master the Basics and Become a Successful Commodities Investor »

GREGORY T. WELDON is CEO of Weldon Financial and Editor of the influential newsletters Weldon's Money Monitor, the Commodity and Currency Monitor, the precious metals–specific Metal Monitor, and the stock market–based ETF Playbook. He launched these macro-market publications, covering supply-demand fundamentals, along with technical, intermarket, and psychological insights, after building a successful career as a trader on Wall Street. Weldon has since established himself as a noted authority in the gold market as well as the global capital markets with his regular appearances on CNBC and through private speaking engagements. Information on Weldon's research products and money management services can be found at weldononline.com.

Gregory Weldon, a veteran commodities speculator and expert on the subject, has mastered the gold-trading rules through more than two decades of hard-won experience. And now, in Gold Trading Boot Camp, he tells you everything you need to know when going to battle in today's volatile trading environment.

Throughout history, gold has been an exceptionally safe and effective storage vehicle for the preservation of wealth. During certain periods, however, when political instability consumes headlines and intensifies investors' anxieties, gold rises to the top of the investment pyramid for its unmatched ability to create wealth relative to other investments.

This lively book is packed with first-person war stories from the front lines of trading. But don't let its entertaining style fool you, because Gold Trading Boot Camp is also packed with specific detail and hands-on trading advice. This technique-driven handbook tells you which trading environments are tailor-made for building speculative wealth in gold trading, while at the same time explaining how to maximize your profitability from buying and selling gold in virtually every type of market environment. It features:

• A step-by-step, detailed accounting of the regimen that a successful gold trader, and any successful capital markets investor, should follow each and every trading day
• A complete overview of the gold market's structure—essential for making consistently profitable trading decisions in this "tightly held" market
• Strategies for using technical analysis and quantitative systems to accurately define significant trend reversals, major pivot points, continuation and correction patterns, and trend acceleration sequences
• An overview of the macro-fundamentals that pinpoint the most pertinent economic indicators and information sources available. The author has crafted an approach that slices through today's overwhelming amount of data-noise and empowers you to make faster and more informed investment decisions
• Market-proven methods for identifying trends, trading on momentum, and profiting from the natural movements of the market
• A valuable reference library of long-term charts that accurately reflect the historic performance of gold and precious metals markets relative to other asset classes

Today's global-macro environment presents numerous chances to extract profits from the precious metals market—more than we have seen in nearly three decades. With the fast-paced and well-researched Gold Trading Boot Camp as your guide, you'll enter Greg Weldon's Boot Camp and discover how to take profitable advantage of this once-in-a-lifetime investment/trading opportunity.

Foreword.

Acknowledgments.

PART ONE. EVOLUTION OF A TRADER.

Chapter 1. Trial by Fire.

Chapter 2. Neophytes and Neanderthals.

Chapter 3. The Show.

Chapter 4. The Firm.

Chapter 5. Character.

PART TWO. EVOLUTION OF A MACROMONETARY ERA.

Chapter 6. “Top-Down”—It Starts at the Top.

Chapter 7. The Golden Bull.

Chapter 8. Bretton Woods and the “System”.

Chapter 9. Seniorage.

Chapter 10. The Goldbug Is Born.

Chapter 11. The Emperor with No Clothes.

PART THREE. CAPITAL MARKETS: LOOKING INSIDE THE MARKET.

Chapter 12. Welcome to My Boot Camp.

Chapter 13. Intermarket Analysis—The Tape Tells a Story.

Chapter 14. Who’s on First? Know the Players.

PART FOUR. LOOKING INSIDE THE MARKET TECHNICALLY.

Chapter 15. Reading the tea Leaves—Technical Analysis.

Chapter 16. Charts.

Chapter 17. Moving Averages.

Chapter 18. Oscillators.

Chapter 19. Rate-of-Change Indicators.

Chapter 20. Fibonacci Retracements.

Chapter 21. Historic Volatility and Volatility Bands.

Chapter 22. Volume, On-Balanced Volume, and Money Flow.

Chapter 23. The Commitments of Traders Report.

PART FIVE. LOOKING INSIDE THE MARKET: TOP-DOWN MACRO.

Chapter 24. Again, Everything Matters!

Chapter 25. U.S. Monetary Fundamentals and the Federal Reserve System.

Chapter 26. Energy Market Fundamentals.

Chapter 27. Global Trade.

Chapter 28. U.S. Fiscal Fundamentals.

Chapter 29. Inflation and Labor market Fundamentals.

Chapter 30. U.S. Housing and the Consumer.

PART SIX. TREND IDENTIFICATION AND MEMENTUM TRADING.

Chapter 31. Why…Trend Identification?

Chapter 32. Trend Identification techniques—Momentum, Timing.

Chapter 33. Countertrend Trading—Divergence, Saturation, and Exhaustion.

Chapter 34. The TIMID” Matrix.

PART SEVEN. DEFINING AND MANAGING RISK.

Chapter 35. Defining Overall risk.

Chapter 36. Diversity.

Chapter 37. Position Leverage.

Chapter 38. Trade Risk.

Chapter 39. Correlated Risk.

Chapter 40. Sector and Portfolio Risk.

Chapter 41. Psychological risk.

PART EIGHT. PUTTING IT ALL TOGETHER.

Chapter 42. Using What You Know When making Decisions.

Chapter 43. Global Supply-and-Demand Fundamentals: The Mining Industry, Gold Consumption, Gold Holdings, and Central Banks.

Chapter 44. Chart Library.

Appendix. Precious Metals: A Secular-Macro Overview.

Index.