Friday, May 17, 2013

Talking heads from CNBC take turns on jumping on the corpse of Gold

In scenes reminiscent of the Japanese Unit 731 the CNBC puppets have been rallied to jump on what they to perceive is the corpse of Gold. Of course they give scant attention to the fact that the cost of mining gold is on average $1200/oz and increasing as grades decline and energy costs increase or the record demand from Asia, the Middle East and Australia.

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