Investing in precious metals 101

PM Daily Market Commentary – 3/31/2016

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  • Sat, Apr 02, 2016 - 06:01am

    #11

    Mark Cochrane

    Status Platinum Member (Offline)

    Joined: May 24 2011

    Posts: 1189

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    Black and white

Jim and Dave are like the yin and yang of the gold discussion. Jim argues for markets as they should be if fundamentals and reality actually mattered and Dave pragmatically argues for the markets that simply are todays reality. I appreciate both points of view.

  • Sat, Apr 02, 2016 - 07:38am

    #12

    davefairtex

    Status Diamond Member (Offline)

    Joined: Sep 03 2008

    Posts: 3125

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    pragmatism

Mark-

Once today's reality changes, I will then be making Jim's argument right alongside him.  Given my pragmatism, I have no problem in adjusting my worldview as the facts on the ground change.  It is only closed-minded people who can't adjust.

I too appreciate Jim's point of view.  I don't dare make trades based on it (there is way too much stress for me when I swim against the current), but I appreciate it nonetheless.

 

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