Gold News: Leading Global Investing Company Cuts Back

gold chart
Written by Mike Hammer

Some mornings a great headline catches your eye, and you just hope the story is good too. Well, this morning it is.  We’ve poked fun at Goldman Sachs in the past; your Gold Enthusiast is quite fond of their “vampire squid” nickname, both for its picturesque invocation and for the many interesting stories that Goldman produced over the years. As it turns out, there is actually some logic to how Goldman went from basically a bit advisory service (with very high fees) to a major mover and shaker in the world of physical metals.

Today’s featured article describes the company’s arc in a very compelling way, without taking up too much of your time.  And talks about where they seem to be heading today, which is always good to know.  A good mix of information, well-presented and not too long is hard to find nowadays; most such articles are either too long or don’t give enough of the story.  Let us know what you think about the vampire squid in the Comments!

Continue reading at Bloomberg.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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