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 continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

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 keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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