Richard,
Yep, they gave your gold a story line. Unfortunately (for you), they interviewed the portfolio manager for SoGen's Gold Fund, where he basically said the future in gold is dead. A gold fund manager's word--not CNBC.
Re: Acampora, what an ass. His appearance in the last half hour of trading was no accident. "Leak" the news about his market call in the morning, watch the mkt sell off, then when we're rebounding, have the guy back on spreading his doom and gloom scenario in the last half hour of trading. What a crock.
Memo to Ralph A: if you're going to make a market call on CNBC, make it before the market opens on Squawk Box, not 5 hours after the fact when we're already down 200 points. When you predict something like that on CNBC at 3:30 EST, your prediction becomes a self-fulfilling prophecy.
Gary |
