[Money-matters] Money Matters Update May 5 2009

Wed May 6 00:02:01 UTC 2009

April 28 (Bloomberg) -- The decline in home prices in 20 major U.S. cities
slowed in February for the first time since 2007, amplifying signals that
the market may be stabilizing.  (Marcs comments- don't you believe it)
NEW YORK (CNNMoney.com) -- Chrysler LLC will not repay U.S. taxpayers more
than $7 billion in bailout money it received earlier this year and as part
of its bankruptcy filing.
WASHINGTON - The Obama administration sought to expand its $50 billion plan
to reduce home foreclosures, announcing a new program on Tuesday to help
troubled homeowners modify second mortgages
<http://topics.nytimes.com/your-money/loans/mortgages/index.html?inline=nyt-
classifier>  or piggyback loans
<http://topics.nytimes.com/your-money/loans/index.html?inline=nyt-classifier
> .
NEW YORK (AP) -- Citigroup Inc. may need to raise as much as $10 billion to
meet the government's increased capital standards for banks outlined in its
stress tests, according to a report The New York-based bank is negotiating
with the Federal Reserve and may need less capital if it is able to convince
regulators of its financial health,
WASHINGTON (CNNMoney.com) -- The Obama administration has signaled its
support for a congressional effort that aims to boost the troubled car
industry by subsidizing new cars sales for consumers who scrap old ones.
Congressional Democrats, emerging from a meeting at the White House on
Tuesday, said they had struck a deal on a bill to establish a one-year
program to encourage the purchase of 1 million new cars and trucks that get
better gas mileage. Under the so-called cash-for-clunkers legislation,
consumers with old, gas guzzlers could get $3,500 or $4,500 in government
vouchers to use toward the purchase of new cars that get gas mileage that
exceeds the old car's by four miles per gallon.

Marc's Notes:
My my, you have got to be kidding me!  No, not really. Reread the RED
highlighted items again. Chrysler wont repay us. no surprise there. Most
companies won't repay us. Now on to Citigroup.  I though last week they
posted a profit and said they had plenty of money?  Humm, another boldface
lie. Where will they get the money?  Same place everyone else is now a days.
YOU!  And finally, now the government, adding insult to injury, will give
out 4 grand per trade in when you buy a car!  Not only do they lend money to
the autos companies, now they help pay for the car to boot!  This means you
can go to the junk yard, pick up an old wrecked Lincoln for 50 bucks, and
trade it in for 4,000.00. !  That gives me a new idea. Let's go get a
clunker for 50 bucks, trade it in, get 4,000.00 off a new car, then
immediately resell it for full price and pocket the difference. DON'T KID
YOURSELF. There will be many who play this scam like a fiddle. Stand by for
major fraud.
Like I said, the bailouts are only increasing. It's just another in a long
line of idiotic government spending gone wild from the socialists on the
hill. 
Stand by for trillion dollar deficits!  This only gets us closer to a new
world currency as foreigners tire of our banana republic money schemes and
look for an alternative.
After all, would loan a government money that does ludicrous things like
these bailouts?
In other news, the swine flu had the potential to cause real economic
problems should it have starting killing more people worldwide. It appears
somewhat less threatening then first thought. Let pray it is so. It is a
scary concept. We may have dodged a bullet there.
Holdings:
The rally in the markets slowly continues and could be petering out. I hope
not. We are now at breakeven with our Obama plays like PKB  and others.
HOLD all Obama plays for profits. Remember, a recovery isn't in the making
but as long as people THINK it is, we can take a profit from these plays.
RRPIX and TBT interest rate funds- rising and rising. HOLD !  ADD!  This is
an important holding for those holding bank savings accounts and CDS and
offsets a US DOLLAR rout. They are up anywhere from 0 to 10 to 30 % since we
recommended them depending on where you bought in.
Oil-   DXO    USO   rising. DXO is in the black nicely now and USO is
crawling skyward. Limited downside with huge upside potential.
PLEASE OBAMA!!   PRINT  PRINT  PRINT and we will make a ton of money on
these and other inflation hedges.
Gold and Silver- SLV is up 30 % or more since I mentioned adding it at about
9.50 . hold    ditto with all gold holdings . Add physical metals for
insurance.
DOW CHEMICAL-DUPONT  -  wow. I mentioned adding these to my kids account
about a month and a half ago and they almost doubled since then. I will put
stops in now at about 15 for HALF the position. They also pay a nice
dividend which is why I bought them.
Dividend Payers- most all of these are rising with the general market. No
magic there. HOLD. They keep paying and paying. (check your statements,
there is money there).
Tanker Stocks- also rising with the market but rising faster. HOLD,
dividends are coming soon - Do not add at this time.
Swiss Annuities: Continue to ADD for offshore money. I am also still looking
into another way of moving money legally offshore. Stay tuned.
Foreign currency funds-  FXY   FXC   FXA   FXF    slowly moving. No
fireworks here but nice insurance and most of these pay us to hold them.
Nice US DOLLAR HEDGE. I do NOT hold FXE. 
SHORTS- Gamblers only- Not time yet. WAIT to add for the failed rally.
Contrary funds- HOLD for protection against a failed rally.. Try looking at
DOG.    BEARX is loaded so do not buy. There are other contrary funds. DON'T
CONFUSE THESE WITH FUNDS NAMED "CONTRA FUNDS".. THOSE are NOT contrary
funds. Look for the word  "SHORT " in the fund.
Real Estate: More buyers are showing up for foreclosures and short sales-
GREAT for our real estate friends. You guys WANT housing to fall, you will
sell more! When they try and prop it up it HURTS your business!  But note,
the bottom IS NOT IN and will grind lower for months if not years. That
won't hurt you real estate agents ! You will sell MORE as prices FALL.
(basic economics). But housing prices will continue to fall probably another
15 to 20 % from here and maybe even 30 % more.  Yeah   Yeah  here you go
again calling me crazy.  Never bet against me in economics~
NOTE: INFLATION by the FEDS will make all these predictions suspect if they
dump ENOUGH MONEY into the system, which they could and look like they may.
They know no other solution. 
What to expect:
Most of the action is in the interest rate funds and other inflation
protection vehicles.  I suspect this rally has more room to run UP the "wall
of worry".
I sure hope so as we can make some serious money on our OBAMA plays. Then
when the rally peters, switch back over to more short funds. Sorry for the
switches but this market requires movement. As you know BUY AND HOLD doesn't
work!  (It never did, you found that out eh?)
Stock Market bias is neutral. The bond market bias is turning negative (
Orange) which means watch for rising interest rates, rising foreign
currencies, rising metal and oil and commodities. The next few weeks should
tell us what to expect for the early summer.

Upcoming shows:
I will be breaking away from the "money" stuff to interview fighter ace  LT
COL.  (RET)  Dean "Wilbur" Wright tomorrow, May 6th  2:oo pm PST.
This one ought to be fun as these guys are rare and we get to talk with him
for 2 hours! You can call in with any questions you may have. I have gotten
to know Dean in the last month or two and he seems a real good guy with a
great sense of humor and very talkative about his career. Check out Dean
flying in an F -16 on this utube clip:
http://www.youtube.com/watch?v=vfNrD0sBzUw
This show will rock! Don't miss it.
Money Matters Airs this month on May 14th and May 21st at Noon  PST  on KVMR
and Money Matters re-airs on KFOK FM on Mondays and Wednesdays.
(Check out KFOK calendar at www.kfok.org <http://www.kfok.org/>  for times.
These are past shows only).
All for now, call in tomorrow and ask Dean "Wilbur" Wright about his fighter
pilot career!
Marc

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Where I buy some of my gold:   What I call "Possession Gold" .  
 I usually buy Gold Eagles, Buffalos, Kruggerands, Silver Maples. Gold
Pandas   Generic Rounds. Peace Dollars or Morgans. You may contact who I
use:
 <http://www.kfok.org./> Monex Deposit    David Feldberg  x 2216
4910 Birch St., Newport  Beach  Ca  92660
1 (800) 949 4653  (GOLD)   ext 2216     You may refer to Marc Cuniberti and
Money Matters and David will know what Marc recomends.
Take delivery and store in a safe place.  You may have 25 % of this amount
in silver and the remaining 75% in gold. I usually buy only generic 1 ounce
rounds or ounce bars, no collectibles. You may buy any 99 % pure gold or
silver assets but pay no more then a few percentage points over spot. Again,
buy NO Collectibles, No Margin account, No Commodity accounts. Take delivery
of standard coins only.
 <http://www.kfok.org./> 

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