Should Investors Worry About Gold’s Recent Drop?

gold bars trading
Written by Mike Hammer

Gold dropped on Thursday due to investors returning to their long-running risk-on appetite. This caused some panic among those who follow every tick in the markets – is the gold run over? Should gold traders be worried that the bottom is falling out? It’s always hard when a quick run-up ends, but that’s the way the market is now, this ain’t the 60s anymore. Your Gold Enthusiast isn’t too concerned; he didn’t think this was “the big one” so was still playing his usual game. Taking a longer view always seems to pay off really well…

Today’s featured article is by another big-picture watcher, who watches the relationship between gold and US Dollar.  He thinks… we won’t steal his thunder, you’ll have to read it for yourself.

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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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