Hot on the heels of yesterday’s rant, the contrary view appears. Coincidence? Probably. To those who haven’t lived through several ups and downs, the middle of cycles always look like “it’s different this time.” However, all you need is one good shock to the system and you find out the basics still apply. In the animal world, snakes bite. In the physical world, fire is hot. In the human world, teenagers don’t grow up overnight. In the political world, egos matter because people act like they do. And in the economic world, people need a steady store of value. In the interests of fairness and education, today we present an article by an author who claims geopolitics are not a main driver of gold prices. To which The Gold Enthusiast says: Just wait til some shooting starts, or threatens. Just because it ain’t happening now doesn’t mean it won’t. And we sure hope it won’t, but if and when it does, “for some reason” you can expect to see the price of gold jump.
About the author
Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated from UC Berkeley with a business degree, then worked with Macy's in their operations arm. He left Macy's and spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined Waddell & Reed as a financial advisor, helping regular people understand their finances and meet their life goals.
Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where Mike worked first for a small manufacturing consulting company, then Cornell University. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.
Since then, Mike has trained over 200 individuals, spoke at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"