The answers to life’s problems aren’t at the bottom of a bottle, they’re on TV!”
I guess it was morbid curiosity that made me put on CNBC for the first time in a couple months (and that’s all I got to say about that).
All day, between Wonder Hanger® commercials, the forbidden word was uttered repeatedly. Gold. If I were more ambitious, I’d create a montage of people saying the word gold on CNBC Today. But it could never compare to MJK’s four minute plus montage of Homer Simpson saying, “D’oh”, so whats really the point? Well, the point is the bobbleheads were so busy saying the forbidden word that I’m surprised no one collapsed from lack of oxygen. Gold gold gold GOLD gold………get the picture.
Gold was up about 17 bucks, while the dollar, stocks and bonds retreated. Of course normally, when gold’s up 17 bucks my favorite morons forget to mention it. They treat gold like some sideshow curiosity that was once considered money….go figure…. But from time to time, they actually suggest that you should buy gold. And if you’re paying attention, you know that is the time you should sell gold.
Of course when I say “gold”, I mean make-believe paper and pixel gold, not shiny yellow metal. There’s really no connection between the two. The “prices” that you trade on are figments of imagination; no more real than the $35 “price” claimed by the Bretton Woods system.
The losses that you can suffer listening to the quacks on TV, however, are quite real……
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