Gold News: Struggles Continue Against EU Restrictions

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Written by Mike Hammer
Brexit isn’t the only problem facing the EU. You may remember our report that Mario Draghi, head of the ECB, made a seemingly strangely-timed statement to some Italian politicians a short while back. Well, it turns out that his comments weren’t so out-of-the-blue as they seemed to us here in America.  Italy’s populist movement has seized on the topic of local ownership of gold in a big way, and see the ECB as empowering themselves not member countries.

Last week, populist members of the Italian government moved ahead with their efforts to seize control of their country’s central bank and gold reserves, in direct opposition to Draghi’s statement. So once again, an apparently random report was the canary in the coal mine, and the EU has to work on placating Italy as well as dealing with Brexit.  It’s like an echo from Dr Strangelove – life is never easy when you’re trying to control the world. 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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