Gold News: Nature May Cut Demand in This Country

Mother Nature has been on a bit of a rampage in the US lately, with volcanoes in Hawaii, heat and drought causing fires out West, and sweltering temperatures in the Northeast. With intermittent bouts of rainstorms producing flash floods, of course.  Other parts of the planet are also taking hits. Parts of India have been hit with record rains, triggering flooding that may affect – the gold market.

What?  Yep, seems the region of India that comprises a large part of seasonal gold demand was hit with flooding this month, leaving industry experts to predict a drop in gold purchases.  Who’da thunk it, but here we are. There is a bright spot on the horizon though; you have to read today’s featured article to find out what it is.  Then let us know in the Comments which way you think the balance will go – more, same, or less demand from India this Fall?

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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