Gold News: Will It Keep Going Up?

candlestick chart, stock market chart
Written by Mike Hammer

It’s Friday and your friendly Gold Enthusiast is tired. It’s been a hectic few weeks with the markets returning to volatility levels we haven’t seen in a while. I hope you were holding some VXX from its lows… All the commotion has been good for gold, which is now solidly above 1200 again and looks like it’s trying to make 1225 it’s new floor.

At the same time, sadly, your friendly Gold Enthusiast does not see this as the immediate launching point for the next run up, because of all the reasons we’ve been talking about over the last few weeks. Luckily another pundit wrote an article yesterday that we agree with wholeheartedly, so rather than write up our own version – which would be different! – we’ll point you toward this one instead. Enjoy your weekend and come back next week ready for anything!

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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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