Gold News: Will the Current Bleeding Stop?

gold bars
Written by Mike Hammer
Every gold bug wants to know one thing right now: When will the current bleeding stop? We’ll spill one bean for you right now.

In this Gold Enthusiast’s experience, when gold has a breakdown all the pretty and complicated fundamental analysis of this and that breaks down. And the technicals take over. Which is where we are right now.  Soon you’ll see a gold news article on its technicals here so keep an eye peeled.

Today’s featured article looks at the latest Commitment of Traders report (the famous COT), and how it’s now saying there could be a massive upside move in gold and silver, and gives two things to watch for.

Continue Reading at

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!"

Leave a Comment