My sincere suggestion to you, and it is a very sincere suggestion, is that if that is your understanding of the market, then never, never invest on your own. And be very careful if you invest through a broker or adviser in who you select.
I've always found precious metals to be sound investments. My sincere suggestion to you is get any money you may have in the market out. If your money isn't in your pocket it isn't yours.
And you who think the corporations are the ruination of the U.S. and the world, and if you had your way you'd imprison the executives and boards of directors for life -- how is it this is important to you?
And by the way, the Dow being up 175 points has nothing to do with the jobs report. The Dow went up when the jobless rate went down, and now it goes up when the jobless rate increases. It's in disconnect, no contact with reality.
Not at all else I would not be investing in the market. It is the Republicans and Tea Party folk that I believe will ruin the country and our economy if their beliefs are put into play.
I am a firm believer in a regulated Capitalism. There is no better economic system. I do not believe in a non-regulated Capitalism as history has shown that a non-regulated Capitalism is very bad. If you do not believe me read about the Robber Barron era in our history. A new book The Bully Pulpit by Doris Kearns Goodwin addresses this era. I have not read it yet, but plan to do so. In fact, I have it on hold at my local public library. She is the author of the excellent book, Team of Rivals.
This only shows you do not understand what you are reading. I do not mean that as an insult. You contradicted yourself. Jobs going down is about jobs.
Now if you want to seriously discuss investing I will be happy to discuss that with you. But espousing Tea Party philosophy is not a way to discuss investing rationally or seriously.
Of course you didn't say anything about our economy being controlled by foreign bankers and transnational corporations. If you were to admit that the market is being manipulated your whole argument about "free markets" would go down the drain.
Investing in precious metals is just like investing in stock. Precious metals go up and go down. You have to watch your investments carefully, moving money in and out at your advantage. The last year has not been a time you should have your money in gold. If you had sold short you would be WAY
ahead now.
However now might be a time to buy. But watch out if it breaks below the bull support line.
I don't know what you are holding, but it isn't gold, silver or platinum as they have lost in value this year. If you are holding palladium you are just about even for the year. Those are the four metals traded on the COMEX.
Whatever you are holding it is not easy to trade. Care to tell us what you are holding?