Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Closing Report: Gold and Silver Edge Lower While Stocks Gain
By: Chris Mullen, Gold Seeker Report

Gold Resource Corporation Declares April Monthly Dividend
By: Gold Resource Corporation

Jack Chan's Weekly Precious Metals Update
By: Jack Chan

Earnings: The Big Sucker Play
By: Clive Maund

GoldSeek Radio Nugget: Chris Powell and Chris Waltzek

Have You Not Yet Learned - Just Buy The Dip!
By: Avi Gilburt

Camino Continues to Expand Adriana Zone with Northwest Step Out Drilling
By: Camino Minerals Corporation

When Investor Psychology Turns Dark, All News Is Bad News
By: John Rubino

Gold Price Increasingly Influenced By Declining Dollar Rather Than Interest Rates
By: GoldCore

Gold Seeker Closing Report: Gold and Silver Fall Roughly 1%
By: Chris Mullen, Gold Seeker Report


GoldSeek Web


CNBC to Become Pro-Gold?

-- Posted Wednesday, 19 July 2006 | Digg This ArticleDigg It!

Courtesy of



During the 1990s, CNBC’s daytime ratings surpassed those of CNN.  Go to any health club in 1999, and those running on the treadmill were glued to CNBC.  Fast forward to 2002-04 and we saw what happened once Americans realized that the bull market of the late-90s was collapsing.  CNBC’s ratings plunged and the network unsuccessfully tried to come up with new programs to attract or retain viewers.  The graveyard of CNBC television programs includes classics such as ‘Open Exchange’, ‘Dennis Miller’, ‘Checkpoint CNBC’, ‘McEnroe’, ‘Bullseye’ and many others.  In early 2005, desperate for ratings, CNBC launched ‘Mad Money’ where viewers were treated to a loud and obnoxious Jim Cramer running around a studio screaming at viewers to buy Google, Hoku, and other momentum names.  Because the market was rising and Cramer is a charismatic salesman, the show took off.  CNBC even ventured into real estate when they recorded a few prime time specials about the housing boom.


During the late 1990s, any market bear or commodities bull who dared to appear on CNBC was labeled a “crank” or “gloom-and-doomer”.  Finally in 2002, the bears got their fifteen minutes of fame when the market bottomed.  But fifteen minutes was all they were going to get because, as soon as the equity markets recovered, it was back to crank-land.  The network would have so-called “bull versus bear debates”, but the bears were made to look like fools.  To this day, we are convinced that ‘Squawk Box’ host Mark Haynes disdains every market bear that appears on his show.  Commodity bulls have been treated with a little more respect because you cannot “fight the tape”.  Oil, copper, gold and silver are all up quite a bit over the past five years, so it is only natural that CNBC would be open to having more commodities bulls on their network.  Moreover, even as commodities compete with stocks, there are plenty of stocks that go up when commodities rise in price.  The one commodity that truly competes with stocks is gold – because gold is the anti-paper asset of choice.  Therefore, it shouldn’t be surprising that gold bugs are still labeled as cranks (although not as much as before) despite the recent price rise.


So why are we of the opinion that CNBC and the rest of the media is about to warm to gold?  We think the answer is two-fold.  The first reason is that gold will continue to rise on its own, and the media will eventually be forced to cover the precious metals.  The second reason is that Wall Street has managed to figure out how to “take their cut” via issuing ETFs as a way for the masses to enter the gold and silver markets.  It took a few years for Wall Street and the media to embrace net stocks and oil.  So we haven’t been surprised that it has taken a few years for them to embrace gold.  So expect CNBC to warm up to gold as the establishment has their own distribution network to compete with those “cranks” at coin shops.



Todd Stein & Steven McIntyre

Texas Hedge Report


Todd Stein & Steven McIntyre are internationally known analysts and editors of The Texas Hedge Report, a market newsletter that highlights under and overvalued securities in the equity, bond, currency, and commodity markets


For more information, go to

-- Posted Wednesday, 19 July 2006 | Digg This Article


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2017 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.