So Buffet what ARE you really telling us?
Using your logic gold shares should have fallen last night and be falling today. Instead of sharply rising.
Why? Because the Dow fell 289 points last night and our XAO is down 94 points.
Don't you get it? Right now compared to the gold price gold shares are at historically low prices. Yet you warn us that if the Dow falls gold shares will fall even further.
In that case I hope you are doing what you post here and are completely out of gold shares right now waiting for the big correction in gold shares even if the gold price sharply rises.
Remember, as you say, "Patience waiting for a bargain can pay off."
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