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.

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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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