Market News: Turkey Is Refining This Country’s Gold

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Written by Mike Hammer

The Venezuelan gold story seems to keep going. Last time we reported on it, Venezuela was allegedly trying to pay a debt to Russia with gold.  Before that, it was fears that Venezuela’s gold was being used by gov’t officials for personal gain — or outright stolen. Now comes news that Turkey is refining Venezuelan gold – in defiance of US sanctions.

You know that’s not going over well in Washington.  And, Turkey is possibly not shipping the refined gold back to Venezuela?  If they’re not then where is it going? That part of the story isn’t revealed yet, but you can be sure there will be plenty of speculation and rumors until the facts are uncovered.  One thing seems certain: the story of Venezuela’s gold isn’t going away any time soon.  You can read more about it in today’s featured article.

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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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