Friday, November 27, 2009

Mr Market - The investment secrets of the Oracle of Omaha

So, you're a day trader and you bought a stack of gold yesterday at $1,192 and you felt like committing suicide this morning, when you saw that the price had plummeted to $1,146.

Welcome to the wild and wacky world of Mr Market.

In the meantime, if I can scrape any spare cash together, I'll be buying some more gold this morning, to take advantage of these hedge fund traders taking advantage of Mr Market and killing all of the day trading community (again).

Marc Faber and Jim Rogers might be able to time these things, but the Austrian school is at heart a fundamentalist school (as exemplified to perfection by Peter Schiff), and I'll tell you what Peter Schiff will be doing this morning.

He'll be buying more gold, while it's still this cheap.

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