alt-market.com / by LibertyCPM.com / June 27, 2012
This article, originally title “Sit Tight, Be Right: Time the Dip Too Perfectly, And You Might Go Home Empty Handed” was first published at LibertyCPM.com
”Sit tight and be right,” as Jesse Livermore says.. That’s the best advice one could heed when it comes to precious metals investing. As so many have seen, the markets are terribly volatile. Their corrections, while oftentimes resembling those dips experienced in a traditional bull market, sometimes take on the look of an all-out market collapse. Why?
Because money itself is at stake. Money has been the foundation of our society, and particularly in our case, “The American Century.” Without US Dollar world reserve status, the second half of “The American Century” would have unfolded much differently. There’s no way the U.S. taxpayer alone could have rebuilt Europe after World War II, there’s no way the country could have financed wars after the turn of the century. The built-in demand for dollars has sustained the American Empire. From oil to gold, other nations have been forced to buy dollars before staple commodities priced in dollars.
That’s why we see policies to keep the dollar strong against commodities. It’s to maintain the way things have been as long as possible. The precious metals bull market has unfolded steadily, for that reason, as currencies have devalued at a pre-determined pace along a decade-long timeline.
But, in the meantime, the daily noise continues.