Author Archive: Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated from UC Berkeley with a business degree, then worked with Macy's in their operations arm. He left Macy's and spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined Waddell & Reed as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where Mike worked first for a small manufacturing consulting company, then Cornell University. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoke at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. 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 keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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After Silver’s Recent Rally, Where Is It Headed Next?

| June 27, 2019 | 0 Comments
After Silver’s Recent Rally, Where Is It Headed Next?

Silver bulls have been breathing easier after last week’s performance.  This is probably the best “silver pop” we’ve seen in several years.  The sad thing is it came rather unexpectedly so longer-term traders may not have caught the beginning of the run.  The chart of SLV shows just how quickly the pop hit. I’ve drawn the […]

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COT Report Predicts Silver Going Down

| June 13, 2019 | 0 Comments
COT Report Predicts Silver Going Down

Every precious metal trader has been enthralled by the recent run-up in both silver and gold.  It’s brought back talk of a “silver surge”, especially with regard to the ratio of silver to gold, which remains very close to the highest ever. This has moved some analysts to call for investors to abandon gold in favor of silver. […]

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Gold Rises As The Fed Ponders Rate Cut

| June 4, 2019 | 0 Comments
Gold Rises As The Fed Ponders Rate Cut

What a whacky world we live in.  Once upon a time, the Federal Reserve’s job was to make sure banks were stable institutions that people could trust.  And, to a lesser extent, to keep an eye on the entire US financial “system” – if there is such an organized thing! – and make policy recommendations to help […]

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Gold vs Bitcoin: Which One Is The Big Winner?

| May 28, 2019 | 0 Comments
Gold vs Bitcoin: Which One Is The Big Winner?

The debate over gold vs Bitcoin rages on.  We’ve talked about this before, maybe it’s time for an update. As you probably know, Bitcoin fell off the cliff back in November (2018) and spent the first quarter of 2019 in the toilet.  Recently it’s made a comeback and is now trading around 8000 USD.  Needless to say, this […]

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

| May 21, 2019 | 0 Comments
How The CFTC’s New ‘Speed Bump’ Rule Could Effect Gold & Silver

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 […]

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Through Its Purchase Of Gold, China Is Sending The U.S. A Major Warning

| May 9, 2019 | 0 Comments
Through Its Purchase Of Gold, China Is Sending The U.S. A Major Warning

China announced yesterday that they increased their central gold reserves by 480,000 oz (approx 14.9 tonnes) in April, noting that this is the fifth straight month of increases.  The announcement also noted this brings Chinese reserves to 61.1 million ounces with a value of $78.35 billion USD, as of the end of April. This is an old story to regular readers […]

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4 Reasons Why Silver Has Been Dropping

| May 2, 2019 | 0 Comments
4 Reasons Why Silver Has Been Dropping

Silver bulls have been confounded lately by the metal’s inability to get up off the floor and run.  There are lots of reasons why silver should go higher.  After all, we are at prices only slightly higher than they were after fallback from the Hunt brothers trying to corner the silver market back in 1980. You’d think […]

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Gold Dropped Below 1280 & Appears To Be Staying There

| April 25, 2019 | 0 Comments
Gold Dropped Below 1280 & Appears To Be Staying There

International gold prices dropped below 1280 on April 16. We’ve been pointing at the 1285/1280 price area as important support for a long time, as history shows it is significant time and again. This is the 1-year chart of GLD, with the red line indicating the GLD equivalent of the 1280/1285 price. You can see […]

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Gold Retakes 1300 Amid Rising Uncertainty

| March 14, 2019 | 0 Comments
Gold Retakes 1300 Amid Rising Uncertainty

As you know, gold dropped down through 1300 two weeks ago.  That gave gold bulls a mild heart attack because the story for gold rising includes a little bit about “rising.”  Not “falling.”  A touch of a difference there. And 1300 is a key pivot point for gold; it can’t go up without staying above 1300 (just to drive […]

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The Reason Why Silver Is In ‘No Mans Land’

| February 28, 2019 | 0 Comments
The Reason Why Silver Is In ‘No Mans Land’

Today marks a moment in history for your friendly Gold Enthusiast. Due to increasing requests, we’re starting coverage of the world of silver as well as gold.  Because we want to make this as easy for you as possible we’ll be covering gold Monday – Wednesday – Friday, and silver Tuesday – Thursday.  So if you’re only […]

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