What’s Next For Gold After Its Drop-Down? [Details]

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Written by Mike Hammer

It was a cold and quiet late Friday afternoon New York time.  Then gold dropped down through the 1300 support level.  This came as a big surprise to many gold bugs who thought that since gold was recently testing 1350 that it wouldn’t go below 1320 any time soon.  Well, as the market likes to say…

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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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