How the Political Climate Is Affecting Gold Prices

Written by Mike Hammer

The latest Commitment Of Traders (COT) report shows traders are still expecting gold to rise. The COT report is important because it’s one of the few indications traders have of current positioning of different levels of traders – primarily retail vs institutional, or “the little guys” vs “the big guys”.

And how much these positions are skewed long or short can give an indication of how volatile the market might be to any sudden change in outlook – for example, the recent US-Iran kerfuffle. Today’s featured article examines the latest COT report on gold and silver and gives one analyst’s view of support and resistance prices for gold.

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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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