CNBC’s Larry Kudlow – Gold Bull Over!

CNBC’s Larry Kudlow represents the conventional media elite anti-gold bias and on Tuesday he triumphantly delivered the propaganda that the falling price of gold means that just about everything is getting better in the U.S.

“When Gold goes down, I think the economy goes up! … This is the second great gold rally in the last 40 years. The first was in the 1970s. This was the second. It is over. And the fact that the gold rally is over in my humble opinion signals that things are gradually going to get better in the U.S.A.,” said Kudlow in his unique dogmatic style. 

(More, video below.)

Assuming the CNBC audience needs simple sound bites to consume, Kudlow goes for the “close” with a flourish:  “Look, gold down, stocks up!  Gold down, economy up! Gold is an insurance policy for the end of the world. There is no end of the world coming – that’s my key point!”

Frankly, we here at Got Gold Report cannot think if a better, more bullish signal that Larry Kudlow trashing gold.  Unless it is the news that Goldman Sachs is telling (telegraphing to)  the market that it has “lowered its gold short stops to $1,400” as later reported on CNBC and elsewhere. 

Right.  GS is now reporting to the market where its stops are?  Really?  If we had to guess that translates roughly to the equivalent of: “We are out of our shorts and now very long, thank you very much.”

  
(Please ignore the annoying commercial at the beginning.)

Source:  CNBC video
Link:  http://video.cnbc.com/gallery/?video=3000161839

2013-04-16 13:04:06

Source: http://www.gotgoldreport.com/2013/04/cnbcs-larry-kudlow-gold-bull-over.html