CNBC, The Wall Street Journal, and Silver

In case you missed the Daily Show March 4th, Jon Stewart mocked CNBC for their awful reporting during the economic downturn:



In February, the Wall Street Journal put out a video attempting to debunk the "silver conspiracy." Naturally, they left out some important details that might lead a reasonable person to come to a different conclusion.

Click here to watch the video

First, the concern is not that producers are shorting the market. It is that two banks are the majority short position holders. Here is the actually conspiracy theory, along with the government report from which it is derived.

Second, they failed to mention that the Commodities Futures Trading Commission was recently forced by the public to open yet another investigation into the matter and that the paper did a story on it back in September.

Third, they make no mention of the silver shortage in the physical market, or that the silver will eventually have to be removed from the COMEX to meet that demand - once again previously reported on by none other than the WSJ.

Finally, as usual they fail to discuss the mass sums of money being "printed" these days, and how that will affect the price of silver.

Perhaps the WSJ and CNBC came from the same mold. They somehow gathered the facts over years of reporting, but are still putting out nonsense like this video.