Gold News: Here’s How You Can Time the Market Cycle [DETAILS]

Business Cycle chart

It is said that markets have four phases:  Fear, Skepticism, Optimism, and Euphoria. Sometimes these are given different names depending on who is talking, but the general principles seem to prove true with every passing market cycle.  And there have been a lot of them!  

Whether it’s gold news or any other sector, it is very helpful to understand these phases. Knowing where we are in the cycle can help you get in near bottoms, and get out near peaks.  

According to the common view, trying to time any market exactly usually ends in frustration, when in reality all you have to do is be in the right neighborhood.  Our friends in the UK have taken a fresh look at the gold market to see if they can tell where gold sits in the market cycle.  

Today’s featured article gives their insights and their current understanding of how gold is riding the waves.

Hurricane HarveyRelated: Did North Korea and the Hurricanes Affect the Market?  

 

About the author

Mike Hammer

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!"

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