I’ve said this before, and here it is again.

Fundamental analysis is where other people want YOU to put your money.

Technical analysis is where THEY are actually putting their own money.

Which would you rather know? Where someone wants you to put your money so they can profit off you, or where someone is actually putting their own money?

By someone I’m talking the institutions. Remember, 70% of the market action on any given day can be contributed to institutional and professional buying or selling.

Fundamental analysis is filled with dangers. Case in point, the massive scam being ran by FOX News and Goldline International.

Fox News claims that they prohibit on-air personalities from making paid product endorsements. Yeah right. Just like Fox News claims to be balanced reporting, a.k.a “we report, you decide”.

Rumor on the street is that viewers and advertising revenue is down big for the Republican news organization. As a result, Fox News has turned to other sources of revenue: Fox News Gold-Gate.

The Republibubba Glenn Beck is guilty of misleading his audience by advising that they purchase gold because the value of the dollar will continue to drop thanks to Obamanomics. What Beck did not disclose is that he is in fact a “paid spokesman” for Goldline. Beck recommends his “three G system” of “God, Gold, and Guns”:

“If you’ve been watching for any length of time, and you still haven’t looked into buying gold, what’s wrong with you?

I think you’re nuts. When the system eventually collapses, and the government comes with guns and confiscates, you know, everything in your home and all your possessions, and then you fight off the raving mad cannibalistic crowds that Ted Turner talked about, don’t come crying to me. I told you: get gold.”

Bill O’Reilly, on the payroll of gold retailer Rosland Capital stated on his show, “(the dollar) is under attack at home, from a Fed that’s printing paper money like it has no value, and from China, whose actions are tipping the balance of the global currency system away from the U.S. dollar.”

The sad thing is that people are being scammed in the process. The Ripoff Report has many complaints filed since the beginning of last year against gold retailers. In one report, Mary Sisak of New Castle, PA., wrote that after watching Fox News and seeing Beck, Levin, and Thompson talk about the pending collapse of the U.S. dollar because of the Obama Administration, went out and bought $5,000 U.S. dollars worth of Swiss Francs from Goldline. She later learned she could have purchased the same number of Swiss Francs for only $3,400 or $1,600 less than what she paid. She lamented, “How could I be mislead by Glenn Beck, Fred Thompson, and Marvin Levin?”

In other words she trusted these TV personalities because they are branded with the Fox News slogans, “The Most Trusted Name In News” and “We Report, You Decide”.

The question then becomes are gold industry and Fox News Republican logic (a mythology often alluded to by the rich) of Democrats and the economy similar and therefore they make natural advertising partners or, is Fox News slanting the news in such a way as to align with the interests of the gold industry who are funding their so called “news” programs?

Then, consider how many small traders have recently bought gold because of what they thought was actual news and not a newsmercial coming from Republican Narnia and a paid spokesman of Goldline or Rosland Capital.