Gold News: China Situation Affecting Prices

gold bars
Written by Mike Hammer

There are usually three views on gold.  The first comes from the gold bugs, and goes like this: “Buy Gold, It’s Going Up!”

The second is from the naysayers, who say Gold Is A Useless Relic, It Has To Go Down.  The middle ground is Gold Is Sometimes Useful But Sometimes Not. Of course, no one wants to see the world economies truly meltdown, because everyone loses in those situations. What we really want is to profit from changing gold prices, whether up or down.  Preferably up, as gold trading tends to have a crummy record on the downside.  So today, let’s look at one of the major supports for gold prices on the downside: China.

Today’s featured article walks through China’s gold situation, and why it’s very likely gold won’t drop because of what’s happening in China.  Read it, then let’s discuss it in the Comments below.

Continue reading at Gold-Eagle.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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