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 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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