Gold Going Sideways As Equities Rise?(VIDEO)

Seems these folks have a bad case of “SQUIRREL!!!”Wasn’t it just a few weeks ago the news headlines were about folks dumping gold, and GLD taking a big hit.  Now it comes out that they’re diving back in.  The chart showing the changes in positioning looks a map of US popular news sentiment during the presidential election.  Big ups followed almost immediately by big downs...  And all the while not a lot has changed in the big picture, so it’s most probably just humans thrashing about.

The equity markets have continued their slow rise, and gold has gone mostly sideways while we wait for the next catalyst to set it off.  Today’s highlighted article shows the aforementioned chart of money managers and their gold market entries and exits.  If you see anything other than a good example of randomness in the chart, well, you have either an enhanced pattern recognition mind, or maybe it’s time for that therapy you’ve been thinking about… haha!

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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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