I Want to Know Where the Gold At
Happy Saint Patrick’s Day! It seems like reporters go out of their way to find the craziest people to put on camera for a story. It certainly seems to be the case in the financial entertainment community where you can find perma-bear hucksters given the same regard as respected economists and CEOs. When I see one of these jokers on CNBC I think of this video: I lump people calling for an audit of the Fed, urging a hand-count of gold ETF bullion holdings, and gold salesmen on AM radio in the “I want to know where the gold at” camp. Then there are the chartists who show a Hindenburg Omen or a Death Cross or a chart with labels on three axes or an overlap of today’s market over a chart of 1929 or 1987. These are the amateur sketch artists of CNBC. Contributors like Josh Brown do their…