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 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!"

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