Hi Ron,
Based on your description, it sounds like you are looking for the Edit Toolbar, which lets you edit a selected object or objects and features buttons like Open Object and Copy/Paste. This toolbar is docked to the bottom of the program window by default - but it is empty unless you actually have something in your drawing selected.
The Tool Palette, on the other hand, is a side window that's docked to the left side of the program window and it gives you access to the most recently selected tool family: Cabinet Tools, or Door Tools, for example. You can create things using the tools on the Tool Palette - but you can't edit things.
I hope that this clarification helps.