How the CFTC’s New ‘Speed Bump’ Rule Could Effect Gold & Silver

silver coins
Written by Mike Hammer

Yesterday, the CFTC approved the first “trading speed bump” for US silver and gold futures markets. Normally this might only get a mention as a feature article by your friendly Gold Enthusiast, but as you will see there are some points that bear attention, and possibly even – perish the thought – deeper thinking.

You see, there’s a big difference between doing something to “do something”, and actually doing something that helps fix the actual problem.  Sadly, the speed bump approved by the CFTC does not seem to actually fix a real problem, but rather just imposes a delay in the markets.  Which is not what markets need.  The things markets need to be policed are #1 transparency and #2 legitimacy.

What the CFTC has…

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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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