Continuing my thoughts from a week ago….
Gold is down below $800 an ounce (yay!) and headed for a big weekly loss. Naturally, I haven’t heard from any would-be gold investors today, because THIS would be the time to buy gold. I only hear from them when gold is at a high.
Speaking of investing, Warren Buffett has a good article in the New York Times in which he says, “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”