And my answer:
To: Ted David (4068 )
From: Richard Harmon
Wednesday, Sep 9 1998 12:18PM ET
Reply # of 4070
Ted,
IMHO, you all are responsible reporters, most of the time. Larry Kudlow has an axe to grind, and is highly respected by the investing public. While gold was up Larry stated gold was lower, and in truth, it had returned to a support level.
If any CEO of any company came on your network, and said he was showing a profit, and it were not so, you would call him on it. That is all I would have asked of you on that key day.
The problems I would like you to "fix" are that if you must day in and day you must trot out these "experts" that will gain by a lower price of gold, then why not have on a Jim Blanchard who will see our glass as 1/2 full?
There are many precious metals mutual funds whose managers (I am sure) would jump at the chance to hawk the way gold has (through out history) done well in times of both deflation and inflation. This sir, is the other "fix", a better balance in the reporting of something that is opinion based rather than a fact based. Or perhaps even based on history.
If there is no conspiracy, when these "experts" state gold will go lower ask if their firm maintains a short position in gold.
During the last rally, it came out there was a heavy covering of shorts.
richard
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