JLN Profiles: George Gero’s long winding road through the futures industry

Sarah Rudolph

Sarah Rudolph

Managing Editor & Head of Editorial Operations

George Gero started out as a floor clerk on the New York Stock Exchange in 1959. He has been a witness to the growth and changes in the markets over the years, becoming a member of NYMEX, COMEX, the American Stock Exchange and PHLX later on.  In this John Lothian News Profile, Gero talks about some of the changes he has witnessed, and participated in, throughout his long history in the markets, from the birth of the West Texas Intermediate (WTI) crude oil contract on NYMEX, through decimalization and of course the technology revolution, which changed the entire culture of the futures industry.

Known for sharing his expertise on precious metals in numerous TV interviews, Gero says he wasn’t always bullish on gold, and explains why gold is a “misunderstood asset.”  He has learned a number of lessons in his long career in the markets, including how traders use buy stops and sell stops, and that event driven selloffs in the futures markets are sure to find a retracement soon after.

 

Produced by Mike Forrester
Interview by Sarah Rudolph

John Lothian Newsletter

Today's Newsletter

The SEC Wants to Give Public Investors a Fair Shot

The SEC Wants to Give Public Investors a Fair Shot

Get a FREE 90 day trial of John Lothian Newsletter First ReadDistrust for Facebook unites Republicans and Democrats against LibraMatt Raebel - John Lothian NewsIn 2019, congressional Republicans and Democrats have at least one thing they all...

We visit more than 100 websites daily for financial news (Would YOU do that?)

Now Read This

High-frequency trading

A trio of high-frequency trading firms has filed a brief in support of a lawsuit brought by the three biggest U.S. exchanges against the SEC. The lawsuit seeks to stop an SEC pilot study to determine whether investors are being harmed by the exchanges' methods of...

BitMEX

BitMEX is under investigation by the CFTC, according to an unnamed source close to the matter, Bloomberg reported Friday. The individual said that the investigation of the Mahé-based firm is focused on learning whether it allowed American users to illegally trade on...

Pin It on Pinterest

Share This