5 words of wisdom for trading metals

5. Politics and threats in the Middle East

The Middle East continues to be a geopolitical hot spot. Because of the region’s abundance of oil, traders need to pay attention to what is happening in that part of the world. Gero says metals traders also need to consider the price of oil in their analysis because it can be a bellwether of the perceived strength or weakness in the economy, or a gauge of the possibility of war breaking out in the Middle East, which can affect gold’s perceived need as a safe haven.

Check back next week when Gero shares more details on these five tips and five more in this month’s Trading 101.

-----------------------------------------------------------------------

Check out these other slideshows from FuturesMag.com

<< Page 6 of 6
Comments
comments powered by Disqus