Goldman Sachs News: Is Gold Benefitting From ‘Recession Fear’?

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Written by Mike Hammer

If there’s one thing your friendly Gold Enthusiast has learned, it’s not to blindly follow Goldman Sachs’ public “advice.” Too many times Goldman has “announced,” “advised,” or “letter” ‘d a position only for it to immediately go the other way.  If it wasn’t heading that way already.

We’ll call this The Goldman Rule because we need a chuckle this Wednesday.  The clouds have returned after almost a full day of sunshine in upstate New York, and we’re looking at 4 or 5 more cloudy days in a row.  So we need all the little giggles we can get.

Heck (apologies for strong language), a few years ago Goldman was charged with hiding important information about a new security they constructed. The usual excuse for putting investors on both sides of the same trade is “different investments are appropriate for different investors.” That didn’t…

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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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