“The wisdom of not trying to time the market is tried and true. Benjamin Graham said the same thing 60 years ago. I shouldn’t have to defend this premise. Even though investors all know it, they fervently wish it weren’t so; they just can’t help themselves.  You can’t time the market. A bureaucrat in Washington can open his mouth and send the price of gold up or down 5% in an afternoon. Fortunately, we can look for value. However, there are things that we can look for. We can compare companies to their peers. We can look at the ounces in the ground and see if something is out of whack. We can look at cash in the bank.”

http://www.theaureport.com/pub/na/15512

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