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

by Gregory T. Weldon and Dennis Gartman

Book Overview

Praise for Gold Trading Boot Camp

"If speculate you must, read Weldon first."
--James Grant, Editor, Grant's Interest Rate Observer

"This book delivers on all of the essential elements of successful financial literature. Weldon provides a compelling context, walks through the metrics that affect the price action, and assimilates the decision-making process in kind. From soup to nuts, this is one of the most comprehensive...

• Format: Hardcover
• Language: English
• ISBN: 0471728004
• ISBN13: 9780471728009
• Release Date: February 2007
• Publisher: Wiley
• Length: 368 Pages
• Weight: 1.30 lbs.
• Dimensions: 1.3" x 6.4" x 9.1"

Customer Reviews

Traders bonanza

This is one of the most useful trading books I've seen in a long long time. As a broker and former Risk Manager in the financial markets, I am usually somewhat suspicious of books by "traders" and/or "pundits". I usually find myself confronted by lots of self-serving drivel and advice that is not in any way applicable to typical traders. This book is a refreshing change from that. Every new or newer trader should read this book. The excellent charts and analysis contained on them are worth the book's price all by themselves. What I found of particular interest, though, was his honest and refreshing approach to the oft-neglected subject of Risk. Every trader should read this portion of the book. The book lays out in intricate detail the process a true professional trader must go through to successfully speculate. Fascinating stuff!

Fantastic book

I am a beginner in gold investing, and found this book an eye-opener in understanding the markets. I need everything in simple terms, and this book was incredibly informative. Greg Weldon is an eloquent writer, and I felt that I came away with more confidence to invest in this market.

Move beyond stocks to learn about the big picture ...

While the main focus of this book may be about gold and commodities, Weldon also provides readers with a great introduction into how a true "macro-style" trader considers an extremely wide array of different markets and economic factors in order to establish a tradable opinion. Although you may not at first be familiar with a lot of the ideas presented in this book, you will soon learn how important it is to move beyond the world of stocks (which receive the bulk of financial media coverage these days) in order to identify what non-equity factors truly drive the commodity and financial markets. It's also worth noting that this is NOT a dry academic treatise but rather a very animated exploration of the world's trading markets by someone who clearly loves to study and trade them every day. Consider yourself lucky if some of Weldon's enthusiasm rubs off on you.

A timely Gold book for both Traders and Investors

Weldon is a highly regarded market watcher who, unlike so many others, actually puts his money where is mouth is. To me, this elevates his credibilty above those who don't really have "skin in the game", making this book that much more interesting and compelling to read. I was interested to get an insider's view as to how he thinks and what techniques he brings to bear when he trades a market. I found that this book clearly lays out the macro-economic relationships that he puts into forming an opinion about a market - and it demonstrates that we are likely still in the beginning phases of what is going to be a multi-decade and significant bull market in gold. From this perspective the relevevance of the book is quite pressing. For the longterm investor, his fundamental view mandates an allocataion to gold in their portfolio. Additionally, Weldon's discussion of the philosophy of technical analysis and demonstrations of his preferred methodologies provide timing and risk mangement guidelines for those who are more active traders. Weldon shares a great deal of himself and his trading secrets in this book, and while the focus here is on gold, many of the lessons within can be applied to other markets. Truly a great read - and a must read for those who want to learn more about gold as well as the art trading.

An Easy Read for the New Investor which includes a Compelling Analysis for the Experience Trader

Excellent book! Greg captures the emotion and opportunity that clearly exists in the trading of commodities, while providing one man's detailed odyssey towards mastering the subject. The writing style is easy to read and describes an evolution from his early days on the exchange floor into today's keenly focused proprietary trader. Greg expertly outlines the macro-fundamentals of gold and clearly details some of his more memorable individual trades. The first half of the book should appeal to everyone, as it illustrates the sometimes comical events that the author experienced while developing and tweaking his trading style. The second half of the book provides in-depth and explicit details on his trading systems and proprietary analysis. I look forward to his second book - great job, Greg!