Letter Re: The Bias of Financial Analysts and the Mainstream Media
James: If you read the mainstream media, you;ll see how the Dow Jones average ‘soars’ when it breaks its downward spiral and posts a 2% gain – when the ‘good’ news is out of Germany and China – never mind that the market is still down 12.5% from where it was a month ago. But, in contrast Gold ‘tanks’ – ‘is at the top of a bubble’ – ‘isn’t money’ – when it pulls back 1.5% at the top of a rally that saw prices up 19% over the same time period. Paper promises of debt aren’t money, and ‘securities’ …