When Investors Are Fearful, Be Greedy – Wyckoff Quotes Buffet

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Quoting renowned investor Warren Buffet, “be greedy when others are fearful and be fearful when others are greedy” was Jim Wyckoff’s mantra Thursday. Wyckoff told Kitco News he expects gold to reach new highs in the next decade, or even sooner. “I’m talking possibility higher [than $1,900], well above $2,000. This could come in as soon as 5 years.” He adds that he doesn’t see how the gold market sentiment can get much more bearish than it already is. “I think on a long-term basis, gold prices at present levels will prove to be a buying opportunity.” Last week, Wyckoff gave gold and silver their weakest market rating yet; tune in now to find out what grade he gives the metals on this week’s edition of “Technically Speaking.” Kitco News, November 13, 2014.

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