Trump’s Latest Nominee Could Impact Gold Prices

gold bars, gold money
Written by Mike Hammer

After a good start, President Trump hit a rough patch filling empty seats on the Federal Reserve Board. His latest picks have gone 0-for-4, rivaling a bad streak even in baseball, where hitting 1 time every 3 at-bat’s lands you in the Hall of Fame. The latest rumored pick, Judy Shelton, is currently a director for the European Bank for Reconstruction and Development and earlier worked for the Sound Money Project.

So she clearly isn’t drinking the Flavor Aid about modern economics, which requires one to think governments can fix all economic problems and we the people should pay no attention to the man behind the curtain.  Reality probably lies somewhere in between, as it usually does, and Ms. Shelton certainly looks like a much better pick for the Fed than Stephen Moore.  You can read more about Ms. Shelton’s viewpoint 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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