A reader has submitted evidence that Bloomberg falsified a gold price chart on air in January 2012 in order to discourage investment in the metal.
During an on-air segment touting gold’s extreme volatility, Bloomberg posted a monthly chart of gold depicting the price action of July 2011-Jan 2012. In order to paint the perspective that gold is an extremely volatile asset and an unworthy wealth preservation vehicle, the monthly reference points were scrubbed, and replaced with the years 2001-2011. The chart displayed also altered the $ value of gold axis (unless we missed something, gold did not dip below $500/ounce in 2010, or in December of 2012).
It is getting closer…
Looks like there are going for another below the $30 mark for friday..
and where can i get me one of those Queen Skull Head coins?? those are fucking sweet!
Falsifying gold charts???
Did anyone check the source to see if the video was fake?
http://youtu.be/AWx5UbWDnjY
Note like people fake stuff on YouTube or nothin… o.O
RT: Amazing Fake? Video of ‘Dead Alien’ after Siberia crash-landing
http://www.youtube.com/watch?v=n16Iwgzm0Nw
1. under the chat it says Bloiomberg,
2. youtube address is written incorrectly with dot separating youtu.be (is it supposed to show you “video unavailable” ?),
3. all of Bloomberg’s videos on youtube don’t allow you to post comments (“adding comments was disabled for this video, 3-27-2012″ deliberate misleading?)
4. theres no verifiable reference anywhere in the article
If this chart of Silver at Kitco does not show manipulation I don’t know what would.
http://postimage.org/image/4m0uws8bv/
Max, Do a series on just the charts, we see it all the time.
Chad Brodgesell
Whatever the case, in Oz, the same negative media approch to gold investment is ramping up on major news stations.
Cheers
besides the Keiser what place do you recommend to buy sliver?