Re: CNBC,

I have CNBC on much of the time as for all their stupidity they still are the most up to date on news. I don't think Bloomberg is as good in that department.

None the less, I used to get entirely frustrated by there seeming stupidity and then one day, one of their commentators said something that made it all make sense. He said something like "I know our sponsors won't like to hear this but at this time the best thing to do is probably to hold cash". That's not an exact quote but it's close enought.

That's when it really dawned on me... almost every single one of their sponsors is a brokerage. They can't be telling people to invest in gold or stick their money under their mattress. They have to get people buying stock or funds and above all, they need to pump those brokerages and financials. You don't buy gold through RBS or Morgan Stanley so until we see Kitco advertising on CNBC we won't hear much positive about gold.

Of course, there's also that whole stigma that rising gold typically is a result of troubled markets and as it is, they tend to resist anything that sounds negative on CNBC.

For instance, today they said that after the break they would have some postive news about the terrible housing start numbers that were the worst since the depression or something like that... so I'm thinking, ok, what's positive about this. And they brought out a guest and he went on to say the numbers where the worst since the depression to which the host prodded the guest for the positive side of the story. At this he said that the good thing about these numbers is that they're so bad that they're getting closer to a bottom.

And that sort of sums up every day that the market goes down. Everyday it drops is a little more positive than the day before because it's just a little closer to the bottom, wherever, that may be.