Amazon.com description: Product Description: The readers of Moody's Magazine are familiar with Mr. Gibson's works, "The Pitfalls of Speculation" and "The Cycles of Speculation," both of which were published by Moody's Magazine Book Department. In the works referred to Mr. Gibson points out in a general way the errors and possibilities of speculative ventures and offers suggestions as to correct methods. In this new volume he takes up in detail the principal fundamental factors governing security price movements and endeavors to show how, such factors may be examined and weighed" expeditiously and accurately. In this book Mr. Gibson discusses the following topics: The Anteriority of Security Prices, Crops, Security Prices and Crop Prospects, Money, The Currency Question, Our Foreign Trade, Bank Clearings, Charts and Stop Loss Orders, Mental Characteristics, The Future of Our Railroad and Industrial Securities, Speculation in Commodities. The author is one of the best known market writers of the country and has devoted his entire time for many years to the study of this work, in which he shows in a clear and simple manner the relative importance of all important basic factors and explains how they may be properly interpreted. The Elements of Speculation contains many comparative statistical tables not to be found in any other compilation. The book is uniform in size and binding with the "Pitfalls of Speculation" and the "Cycles of Speculation."

—Moody's Magazine, Volume 15