Market News: New Data to Stop Hidden Trades & Market Manipulation?

international gold
Written by Mike Hammer

There is always talk about “secret” gold trades.  What’s happening behind the scenes, what trades aren’t run through exchanges?  Is someone manipulating the market? Underneath all these thoughts is: Is something happening that I should know about?

To increase transparency and (hopefully) stop much of the speculation, the London Bullion Market Association (LBMA) will start publishing more detailed market data starting November 20th.

As the largest gold market in the world, “it is hoped” (always love that phrase) that publishing more specific data about London transactions will help traders assess the gold market, and quell thoughts and rumors about hidden trades. You can read all about it in today’s featured article. Then let us know if you think this will help stop all the talk about hidden trades and market manipulation.

Continue reading at Reuters.com

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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