[Money-matters] Money Update May 26 2009

Wed May 27 14:26:26 UTC 2009

May 26 (Bloomberg) -- Home prices in 20 major metropolitan areas fell more
than forecast in March as foreclosures surged, threatening to extend the
housing slump.

The S&P/Case-Shiller home-price index decreased 18.7 percent from March
2008, matching the drop in the year ended in February. The measure declined
19 percent in January, the most since data began in 2001. 

DETROIT/NEW YORK (Reuters) - General Motors Corp has failed to persuade
enough bondholders to accept a debt-for-equity swap, setting the stage for
the largest-ever U.S. industrial bankruptcy within days.

Marc's Notes

Markets are gyrating and bouncing around between 8200 and 8500. The longer
it bounces around, the more radical the break will be when it does break.
Meanwhile interest rates are spiking on US treasury debt and this is the
real problem if it persists. The US dollar is breaking down and if it
continues, will spell real problems for the US and the FEDS. 
Our interest rate funds continue to rise, yet our treasury funds are holding
up relatively well. Good for us.
Oil continues up yet gold and silver take a rest. That's fine. I continue to
look to unload our OBAMA plays when they turn into the black.
The big issue right now is the US dollar and all eyes are on its movements.
And well they should be. The world may be calling our bluff.
The administration thinks they can print money forever with no
ramifications, but they may find out what everyone else who tried it has.
You cant! Your currency collapses, impoverishing everyone who is not
prepared. ( Luckily you are though right?)

GM is headed for bankruptcy me thinks, so the money we "lent" it will be
like the money we lent to Chrysler. Gone forever, never to be paid back.
Like I said before. If they knew they would file, why did we lend them any
money. If we DID'NT know they would file, that means they cant read a
balance sheet. Either way is unacceptable. The money that was "loaned" to
both auto companies was just a way to payoff the bondholders and employee
pensions. The unions represent a big voting block, so they must placate
those folks. Have to stay elected you know!

Hold all positions. Accumulate gold, silver and precious metals. Hold all
dividend payers. Ok to still hold most of your money in bank CDS and savings
accounts. Go for the highest yield you can get insured by the US Govt. Shop
around !  Look into credit unions.

Other safe money funds are BIL and SHV. Both of these hold short term US
GOVT debt and are more stable the SHY  VIPSX  TIP but dont pay as much. The
choice is yours. Balance all US dollar holdings with RRPIX and TBT and any
other interest rate LONG fund or short long term bond fund. Confused? Sorry-
Email me!

Oil is continuing upward so I look forward to my Harrahs trip if DXO goes to
10 bucks. We will see.

Website is up! 

www.Moneymanagementradio.com <http://www.moneymanagementradio.com/> 

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All for now and email me with your questions!

Marc

This letter is opinion only and is not recommendation to buy or sell
securities.

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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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