Monday, January 20, 2014

Bitcoins Silver Gold Markets is it about to Collapse and is NOW the time to buy?

Bitcoins Silver Gold Markets is it about to Collapse and is NOW the time to buy?
Stock 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.
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Learn to read Charts and you can make reasonable predictions.