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!"

rss feed

Mike Hammer's Latest Posts

Is Now The Opportune Time To Buy Silver?

| February 14, 2020 | 0 Comments
Is Now The Opportune Time To Buy Silver?

Just 9 short days ago your friendly Gold Enthusiast advised that he’s waiting for signs of an uptrend before buying into silver. Just exactly what that means might be up for debate; usually, an uptrend requires starting from a decent base with relatively low volume, and from there a rise in both price and volume. Are […]

Continue Reading

What Silver (SLV) Needs Most

| January 15, 2020 | 0 Comments
What Silver (SLV) Needs Most

Now that the impact of the US-Iran situation is apparently absorbed by the financial community, we can look at its effects on silver and see if they tell us anything. And they sure do.  Here’s a very simple 3-month chart of SLV, the unleveraged US silver ETF that trades on US markets. If we look at the relationship […]

Continue Reading

Silver Prices Pop After Recent Fed Statement

| December 13, 2019 | 0 Comments
Silver Prices Pop After Recent Fed Statement

After last week’s outstanding employment figures, investors expected a fairly dull FOMC release yesterday. After all, what more is there to say other than “gee, things seem to be going well, so we’re going to wait for a while before we do anything.” And that’s what we got.  The FOMC statement said current monetary policy is […]

Continue Reading

A Simple Way To Trade Silver

| October 11, 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 […]

Continue Reading

Will Silver Continue To Rise? [What To Watch]

| August 9, 2019 | 0 Comments
Will Silver Continue To Rise? [What To Watch]

Silver exploded on Wednesday, with the benchmark SLV ETF opening 3.1% higher than the Tuesday close. It then peaked at 16.15 before falling back slightly to close at 15.97. The gap up on the chart is quite remarkable. The question now is: Can silver continue this run?  In premarket trading today SLV is off slightly, […]

Continue Reading

Is Gold Destined For Summer Doldrums In 2019?

| July 12, 2019 | 0 Comments
Is Gold Destined For Summer Doldrums In 2019?

Every summer, gold traders tremble in fear of “the summer doldrums”.  Newcomers to the gold scene might be asking whether the summer doldrums are a real thing?  While old-timers might ask: “Does it look like we’ll get those this year?” Here’s a 1-year chart of GLD – guess for yourself on each question, then your […]

Continue Reading

Gold Prices: A Good Reminder For Traders

| October 15, 2018 | 0 Comments
Gold Prices: A Good Reminder For Traders

US markets had a terrible mid-week, with the Dow losing over 1300 points in just 2 days. International markets have also had a rough time, on top of a rough time – check out this daily chart of QEMM compared to the Dow over the last 3 months.  The blue line is the Dow, candles are QEMM. You can […]

Continue Reading

Gold Demand: On The Rise In China

| June 11, 2018 | 0 Comments
Gold Demand: On The Rise In China

The Singapore Gold Exchange (SGE) released its May numbers, and they’re impressive.  Gold withdrawals in May rose 9% over last year, meaning people (or banks, or governments…) still want gold. If you factor in Hong Kong, which is accounted for separately, you’ll see even more gold demand from China.  And not only do they want […]

Continue Reading

Gold News: GLD Has A Million-Share Minute

| May 9, 2018 | 0 Comments
Gold News: GLD Has A Million-Share Minute

In case you were sleeping Friday, or out enjoying some sunshine, the biggest single trade in GLD history crossed the wires at 1:22 PM.  For market watchers, seeing this gold news in real time was an interesting experience. A normal sleepy Friday trading in the gold world, then all of a sudden a huge volume spike, followed […]

Continue Reading

Gold Prices: Rebounding On Trade War Fears

| March 5, 2018 | 0 Comments
Gold Prices: Rebounding On Trade War Fears

Gold prices popped overnight as fears of a trade war grew.  President Trump, in a moment that will likely come back to haunt him, tweeted “Trade wars are good, and easy to win.” In response, traders sold US dollars and bought some gold.  You can clearly see the moment on the 5-day chart of GLD (bars) compared […]

Continue Reading