Spin 101

US consumer inflation gains most in 15 months as food and petrol prices increase
The US Labor Department said that consumer prices climbed a higher-than-expected 2.7pc in March from a year before. Almost three quarters of the rise was due to surging food and petrol prices, with petrol costs climbing 5.6pc, the ninth straight month of increases. Food rose 0.8pc in March, the largest gain since July 2008.

The above headline and paragraph was from a story posted at The Telegraph in Great Britain on Friday afternoon. However, such negative truth-telling cannot be allowed on US shores. The Bloomberg "spin" on the same numbers was entirely different. Their headline read "Inflation Cooled in March Outside of Food, Fuel". It's hard to believe that both stories are referring to the same subject...but they are.

Since most of the US public gets their news from "trusted" US sources, it's no wonder that the average American still doesn't own gold.  Why should they?  Everything is improving, right?

I've got a feeling that such blindness on the part of the US public will continue right up till the end, and then the resulting stampede for gold and silver will result in no supply at any price.  And for the rest of us?  Well, "spin" is our friend, allowing us to continue to accumulate at these suppressed prices!

Yes, spin is our friend!