Ouch...a perfect time for a Buffett:
"..The dumbest reason in the world to buy a stock is because it's going up...."
Ah, good start! Bit of contrarian from WB is always good for a massage. Got another one Warren?
"..If I like a business, then it makes sense to buy more at 20 than at 30..."
Cool dude....GLD isn't exactly a business, but it fits close enough. Just one more?
"..I like to go for cinches. I like to shoot fish in a barrel. But I like to do it after the water has run out..."
Yeah, that's more like it. Gold under $900 is a cinch buy. So i added more today at 86 and change. After all, when you hold more gold than anything else, you know what patience is all about. GLD: a good way to trade the metal.