George, Here in Los Angeles there was a TV station that had broadcast financial news and interviews full time since the early 70's. After CNBC came to town, their ad revenue dwindled, and they went off the air a few months ago.
CNBC now dominates the stock market coverage here, and probably everywhere else as well.
On May 3rd, with the Naz and Dow both down over 300 points, CNBC had a "surprize" guest 30 minutes before the market closed, Tom Galvin, who was very bullish on Tech, Telecom, and Healthcare stocks. Turned the market right around.
For this and other reasons, I think that investing in gold is like shoveling sand against the tide. Hope I'm wrong, but that's how it looks right now.
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