Gold Demand: Is India’s Slipping?

Rumors continue to swirl about a big drop in consumer gold demand in India. Yesterday an article appeared in the Business Standard stating gold imports have plunged 25%, according to a mysterious “person familiar with the information.”

This would be on the extreme side of consistent with earlier reports about India’s drop in demand, much of which has been attributed to the country’s recently revised tax structure and currency control efforts. Now pundits are pointing at a new reason for the drop in Indian demand – it seems something else has grabbed the interest of millenial consumers who are comprising ever-larger percentages of the marketplace.  

To find out what that is, you’ll have to read today’s featured article. We certainly don’t want to steal anyone’s thunder.  Once you see what it is leave a comment below and let us know if you agree!

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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 with a business degree, then worked with Macy's. After Macy's he 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 a well-known financial planning firm 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 he worked first for a small manufacturing consulting company, then a major 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, spoken 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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