Next Level: GOLD $1,350.00

This will always be the case. No experienced trader or investment advisor who makes a living by having clients is EVER going to admit that individual investors can do as well. It might be said that the entire US financial industry is based on continuously telling people that they have no chance of investing successfully on their own, and need index funds, mutual funds, investment advisors, hedge funds, funds of funds, and all sorts of services that generate commissions and fees for the seller. Nothing could be further from the truth, but most people seem to assume that this is the case. I personally know a few of these professionals. The main difference between them and the average investor is that they spend their time researching investments, and most other people spend their time reading opinions of others because they haven't taught themselves how to do the research. Reading Zero Hedge and other websites is NOT research. It's entertainment.

 

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I should also comment that in an age of $7 trades and internet brokerage accounts, I don't know any individual who doesn't have this ability.

 

Markets just beginning to open in Asia, Monday 3/15/10...

Currently:

Gold @ $1,102.50/oz.
Silver @ $17.09/oz.
Platinum @ $1611/oz.
Palladium @ $466/oz.

 

Currently in Asian markets, Monday 3/15/10...

Currently:

Gold @ $1,105.10/oz.
Silver @ $17.07/oz.
Platinum @ $1607/oz.
Palladium @ $465/oz.

 

Currently: in EU/UK markets,

Gold @ $1,108.50/oz.
Silver @ $17.10/oz.
Platinum @ $1621/oz.
Palladium @ $467/oz.

 

Currently: at the US market opening...

Gold @ $1,107.10/oz.
Silver @ $17.06/oz.
Platinum @ $1621/oz.
Palladium @ $465/oz.

 

Markets in Asia, Tuesday 3/16/10...

Currently:

Gold @ $1,109.90/oz.
Silver @ $17.21/oz.
Platinum @ $1627/oz.
Palladium @ $466/oz.

Gold Prices Rise in N.Y. on Demand for Alternative to Currency

 

Currently: in EU/UK markets,

Gold @ $1,113.90/oz.
Silver @ $17.29/oz.
Platinum @ $1625/oz.
Palladium @ $468/oz.

US markets opening soon...

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Currently: at the US market opening...

Gold @ $1,116.20/oz.
Silver @ $17.33/oz. Big opening on silver today! High so far 17.35.
Platinum @ $1628/oz.
Palladium @ $468/oz.

 

Currently:

Gold @ $1,125.10/oz.
Silver @ $17.41/oz. High so far today 17.49.
Platinum @ $1629/oz.
Palladium @ $466/oz.

 

Who said anything about zero hedge being an investment or research site? It's a news site, a rather interesting one IMO. I was not speaking of traders who are salesmen running other people's money, or who are in the business of convincing other people they can't manage their own, but of people who have their own money in the market, and are currently concerned either with keeping it very flexible, or have gone mostly to cash over the last few months. I was also referring to the discussions over the past year or so about the poor returns for investors averaged over the past decade and what this means for the traditional buy-and-hold approach.

Whether or not this turns out to be a trader's market like the 1970s, or whether there will be another credit scare, is a matter of opinion and speculation, but personally I am not interested in being in equities in any account which does not offer mobility, as well as a broad range of options, and many 401(k) accounts do not. YMMV.
..

 

Currently:

Gold @ $1,125.20/oz.
Silver @ $17.44/oz. High so far today 17.49.
Platinum @ $1627/oz.
Palladium @ $471/oz.

 

Zero Hedge and Investing

I have never traded paper stocks, I saw enough of the perils of doing so years ago with those in my family. Luckily, I got into the hard assets years ago--but still struggle with the Midas syndrome--overly cautious, reluctant to transition into more life-giving money making that I used to do when I was running a service business. The day traders who are piling up more money than they know what to do with, do well to be in healthy relationships so that they can make their wealth enrich their lives instead of over burden them with worries and responsibilities.

Most advisors say to paper trade for six months before you execute actual trades. If you spent enough time in the hedge and investment funds' war rooms you would be able to set up your own--using up to date news items to drive stock picking. My ethics would get in the way of my money-making; if a widening Iran war was on the horizon--the smart money would be chasing all the inevitable profits to be made in that crisis, but many would refuse to profit off of such a misguided venture.

 

But wait, if he's CEO of a gold mine, don't you have to step back a bit regarding this thoughts? That's like me owning a Pizza Hut franchise and I'm telling you, our pizza is good!

Don't get me wrong, I am a gold bug....

Now, he also said hold gold at least 2 years, but why? What happens in 3 years or 4? Do you sell gold in just after 2 years? I don't see currencies getting stronger in 2 years?

 

Currently:

Gold @ $1,126.10/oz.
Silver @ $17.37/oz.
Platinum @ $1635/oz.
Palladium @ $475/oz.

 

The point is that the time is wasted from an investment standpoint.

 

you can not do it all.

Covering all the bases is hard. Many times it takes two million to make one million. Everything is tentative at the moment. Stocks are OK if you are a sharp trader. Real estate is OK as long as it is not commercial for now.
Any thing that is paid for is good if it has potential over a personal level of anxiety. Bonds and other such items are paper just like our currency. In fact all currencies are are a big chance. I do like PMs but only to a point. The market is not so large that it can not be manipulated to a point.
I have stocks , cash , rental real estate , PMS , and some diamonds that are serialized. I do not see a lot else out there unless it is illegal.

Pep

 

Currently: in Asian markets... [3/17/10]

Gold @ $1,127.90/oz.
Silver @ $17.47/oz.
Platinum @ $1637/oz.
Palladium @ $475/oz.

 

I think most of us would be uncomfortable with some of the things that hedge funds do to make money! How many of us would really enjoy attacking the currency or debt of some country just because we could? This isn't the way people used to talk about investing when most of us were growing up. And I don't think most of us are cut out to be day traders either, especially if we still work for a living.
But I don't mean imply that I believe stocks are a fool's game, I don't think so, and I've done well with them in the past. It's that I feel that this is an uncertain time, and people are questioning the advice of the past, wondering what is going to happen next. I can particularly understand why people who are only allowed to move their money say, once a month within an account, might not feel comfortable being in stocks at all right now--I certainly am not. But it doesn't mean it might not work out just fine for them. I really don't have a clue.

 

Then why not move your IRA to another company that offers mobility. You can set up an IRA with Ameritrade and do stocks, options ( with a lot of disclaimers), bonds, as often as needed. If your money is going to be lost, why not do so yourself. IMO.
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