Gold and silver gain

http://www.bloomberg.com/news/2010-09-17/gold-may-drop-as-advance-to-second-record-this-week-prompts-investor-sales.html

“All the debt and deficits are so high, the only perceived way out of this mess is a global synchronized devaluation of all fiat currencies,” said Michael Pento, a vice president at Euro Pacific Capital Inc. in New York. “Gold is replacing the dollar as the world’s reserve currency.”

It's talk like this that got Pento kicked out of his CNBC interview with Erin Burnett.

David Rosenberg refutes Erin Burnett on a "recovery"

http://www.zerohedge.com/article/david-rosenberg-refutes-erin-burnetts-misconceptions-about-recovery

Smackdown on CNBC over US Treasury bonds

Some advice to Erin Burnett, CNBC anchor: you are no longer just a moderator when you inject your government spoon-fed propaganda.



http://www.zerohedge.com/article/mike-pento-kicked-cnbc-telling-truth-dumb-money-manager-says-nothing-bubble-when-people-want

Note: Michael Pento now works for Peter Schiff's Euro Pacific Capital. Schiff was unceremoniously dumped on CNBC for predicting a housing collapse and financial crisis BEFORE they occurred. Stating the ugly truth on CNBC apparently doesn't give you an invite back.

I'm a cockroach

Erin Burnett of CNBC just called all gold bugs cockroaches, inferring they've only recently come forth in this melt-up rally of precious metals. This is more evidence of the anti-gold sentiment on Wall Street, Main Street, the government, the banking cartel, and mainstream media outlets. Prognosticators who completely missed the decade-long bull market in precious metals are now declaring a "bubble." Look at their track record: they missed the meltdown in equities and real estate, and missed the bull market in precious metals. Now we're going to trust them to call a bubble?

I guess us cockroaches should remind her that gold has appreciated almost five-fold since 2000, and in that same time span, equities have declined. In other words, it's not just a one-month phenomenon. An investment in gold-related investments is a cynical bet agsinst crooked bankers and free-spending, corrupt governments. In retrospect, it's not that hard of a trade.