2. Look to the (far) East
Based on the trading day, the Asian markets are the first to open and first to react to any news that breaks when they are open. As such, Gero makes checking gold prices at the Tokyo Commodity Exchange (Tocom) and the Shanghai Futures Exchange a priority the night before and first thing in the morning. These exchanges also trade other metals, such as platinum at Tocom, but he focuses mainly on the gold price.
About the Author
Michael McFarlin joined Futures in 2010 after graduating summa cum laude from Trinity International University, where he majored in English/Communication. With the launch of the new web platform, Michael serves as web editor for the site and will continue to work on the magazine, where he focuses on the Markets and Trading 101 features. He also served as a member of the Wisconsin National Guard from 2007 to 2010. mmcfarlin@futuresmag.com