Bitcoins Silver Gold Markets is it about to Collapse and is NOW the time to buy?
Market pullback or correction at this time of year is normal. It is for
tax reasons. The Dow Jones and S&P 500 as well as overall markets
have had an amazing year. The pullback is due to some stocks being sold
so the losses can be used against much of the stock gains for the year.
This happens more during strong market year like this one. 2013 has
been a great year for all markets so tax selling is even more customary.
This is also a time when people will talk about the bull going away and
the bear market starting to take hold. The goldbugs and silver stackers
will come out and push the idea that it is time to buy again. I support
buying gold and silver and if you simply want to add, accumulate for
your portfolio, now is fine, but it is NOT SHTF or a major market
correction coming. Market Watch has an excellent article explaining this
strategy and how people have done this for years. The markets are
manipulated but if you understand how and why certain changes take place
you can position your stocks, gold, silver, etc better for the coming
year. In January 2014 the market will settle down and be normal again.
Then we can asses what direction it is going in. Be careful of the hype
and stay focused on the ball.
The Stock market is based on human emotions and hype, so do not get caught up in it.