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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Will The Federal Reserve Clobber Gold?

| October 31, 2019 | 0 Comments
Will The Federal Reserve Clobber Gold?

The Federal Reserve will release another announcement today or set of notes, depending on how you want to look at it. Either way, it will probably be a critical day for gold.  First, let’s see where we are. Gold has basically been going sideways for about 2 months now, trending sideways after a local high. […]

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This Week’s Thoughts On Gold Investing

| October 22, 2019 | 0 Comments
This Week’s Thoughts On Gold Investing

Your sleepy Gold Enthusiast woke up bullish this morning for no apparent reason.  Yes, gold is hovering along between 1480 and 1500 in a bullish flag chart formation, and Yes, Russia admits they’re accumulating gold to help steady their economy.  As all countries should probably be doing… But as the morning coffee kicks in, it’s more than that. The real […]

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A Simple Way to Trade Silver

| October 15, 2019 | 0 Comments
A Simple Way to Trade Silver

Is there a simple way to understand silver? Yes indeed, silver analysts – including your friendly Gold Enthusiast – do sometimes prattle on about this and that factor, and how the silver markets are paying attention to this right now, that a bit later. What if you just wanted a really simple way to trade silver? We’d […]

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Will Silver (SLV) Prices Keep Sliding?

| September 12, 2019 | 0 Comments
Will Silver (SLV) Prices Keep Sliding?

Silver’s impressive run-up came to a halt last Thursday when some good news about the US-China trade war hit the Twitterverse. (We’ve given our opinion on that already, so we’ll just move on.) You’ll remember our adage about drops hitting 3x as hard as rises – well it wasn’t true in this case. The last 3 trading days brought a drop […]

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Why Gold Is Just Getting Started

| August 27, 2019 | 0 Comments
Why Gold Is Just Getting Started

Despite the best efforts of price manipulators and even new forms of money, gold just won’t go away. In between articles about the ongoing trade war between the US and China, Trump’s latest twits, and central bankers trying to make everyone happy about the economy, there is still a good old-fashioned sense that something is truly wrong with the world […]

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For Gold, It’s All Eyes On The Federal Reserve This Week

| July 30, 2019 | 0 Comments
For Gold, It’s All Eyes On The Federal Reserve This Week

It’s the week investors have been talking about for, well, weeks now. This Wednesday, the Federal Reserve is expected to announce if they will reduce interest rates, and by how much. The debate is pretty much over whether the Fed will reduce. The expectation is they WILL reduce rates, the question is by how much? If they […]

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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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