Gold options and commodities trader Andy Hecht joins New York Markets Live...
The PRICE of GOLD continues on its 2014 tear, rallying more than 13% from the 3-year low hit again on New Year's Eve.
Andy Hecht, options and commodities trader, joined me this week on New York Markets Live. Andy cited three reasons why the price of gold is surging in 2014...
Current Finance Podcasts at Blog Talk Radio with New York Markets Live on BlogTalkRadio
Andy Hecht is the author of How to Make Money with Commodities, and has nearly 35 years experience as a trader on Wall Street, including two decades on the trading desk of Phillip Brothers, which became Salomon Brothers and ultimately part of Citigroup.
A contributor to Traders Magazine, Andy has lectured at colleges and universities. His biweekly radio show, The Commodities Hour with Andy Hecht, can be heard on Tuesdays and Thursdays from 3-4pm EST on www.tfnn.com.
Discussing the price of gold with me this week, Andy sees these key drivers...
Among the other topics discussed, Andy and I look at the role that the Comex gold futures market, as well as central banks, now play in the availability and price of gold.
We also talk about the purpose of the London Gold Fix and how it correlates to spot and futures gold prices. Andy Hecht stressesthe need for transparency and efficiency in the world's gold markets.
"Commodities play a role in everybody’s lives and have an impact on almost every investment," said Hecht. "If you’re investing in an airline you’re greatly impacted by the price of jet fuel, which is tied to oil. Stocks, bonds, ETFs are impacted by commodities."
Finally, we also talked about the silver to gold ratio in terms of the market, availability, and price correlation.
Hear the full show now at New York Markets Live.
