[Money-matters] FW: [Money Matters Newsletter] Market Gyrating. Whats next..... Update May 28, 2010

Fri May 28 15:56:14 UTC 2010

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Friday, May 28, 2010 8:39 AM
To: bayareaprocess at att.net
Subject: [Money Matters Newsletter] Market Gyrating. Whats next..... Update
May 28, 2010

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Money Matters Newsletter: Market Gyrating. Whats next..... Update May 28,
2010

Marc's Notes: 
The markets are now reset at a lower low of 10,200 DOW.

This is appearing to be a lower low, lower high scenario where the new
direction is down. The BEAR market never really died, we just saw a Bear
market rally as it ran from 6,500 DOW to 11,250. 

The Euro currency crisis has set the Bear running now and we may be looking
at a new DOWN phase. The old adage is SELL IN MAY AND GO AWAY. This may ring
truer still.

The Euro crisis was kicked down the road for now with the European Bank
deciding to trash the credibility of the EURO by going against its initial
rules which stated the Central bank would:
1)    Never buy a countries debt outright nor offer direct support of this
kind.
2)    Never buy a countries bonds directly or loan taking them as
collateral.
3)    Allow a country to exceed deficit spending more then 3 % of GDP.

All 3 rules are now broken only 10 years into the currency. Now the crisis
is quiet for now but it is all up to the bond traders as to when they will
start to stir the pot again.

I expect a down draft both in the EURO and the stock market to resume very
soon. Many issues may be the catalyst. The confidence could just wane in
Greece's ability to cut spending, the Korean situation, the oil spill, or
another event or bad economic numbers in the days or weeks to come.

These reprieves are your gifts to prepare and make changes to your portfolio
if you haven't already done so. Make the changes now. Remember the 1000
point crash just 2 weeks ago and the weakness we have seen since then. These
things can happen fast so don't wait. See past newsletters for positions to
take or our Dream Portfolio on the website left hand menu.

Congress is getting long in the tooth as far as what they can spend for many
reasons. Rating agencies are threatening to cut the US rating. Americans are
getting fed up with all this spending and bailouts. The results from 3 or 4
trillion in money spent by our Government seems to be having only a limited
effect, and I will add myself it won't be enough. Government spending only
robs needed capital from the private sector and increases debt. The more
they spend, the more they have to take from you. Increasing costs to the US
small business base from all this spending is crippling and will continue to
cripple small business and is putting us further into the hole. Additionally
as the spending stops, the economy slows back down (what we are seeing now)
and then more spending is needed, further increasing the debt. In the end,
the economy will slow again but then we will have even more debt to boot.
Yet unbelievably they will try even more spending when it slows again,
saying the problem was they didn't spend enough. 

Didn't spend enough??!!

It will never be enough because they very premise of government spending
spurring a recovery is flawed!  

Government spending cannot and will not right an economy. If that was the
case, you would never see a bad economy as governments could just spend
money to fix it. But you do see bad economies throughout history, the very
proof it doesn't work.

It has been tried many times, true, but it has never worked. NEVER.

We drive closer to the abyss, with the same people that caused the problem
trying to fix the problem by using more of the same poison that WAS the
problem. Over spending and too much credit.

Anyone see anything wrong with this?

Our Government will not stop this attempt of spending to fix things until
either:

a)    Congress says no more spending which won't happen as they all believe
the same thing.
b)    US citizens say no more spending which won't happen because there are
too many people getting free lunches and they outnumber the ones paying for
them.
c)    The bond markets and foreign investor says no more and interest rates
start to spike (more likely).
d)    Inflation appears forcing the FEDS to raise interest rates (more
likely) and this will also signal to the government their spending spree has
ended as it causes inflation.

We will see which appears but my guess is c or d, most likely c and d
simultaneously.

Again, see past newsletters for recommended holdings.

We have also added consulting appointment times for the month of June and
July. These allow you to meet with me to look at what you have, ask your
situation and make some suggestions as to where you should be. Takes about 3
hours and you only need me once.

We did not participate in the KVMR pledge drive so we have some time in
between vacations in the next 2 months. Email JEN here if interested.

All for now. 

Be careful. Danger is lurking in this RED ALERT market.

Marc

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Where I buy some of my gold: What I call "Possession Gold". 

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 recommends. 
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. 

JH MINT
13241 Grass Valley Ave. 
Grass Valley, Ca 95945 (530)273-8175

(Near the Grass Valley Airport off Loma Rica Road)

Tell the salesperson you are a Money Matters Listener and you will get
special discounts,(market conditions permitting). Normal Gold prices are
anywhere from 6 to 11% over New York Spot price. If you are selling, you
should get close to spot when you sell. Buy only standard, or popular gold
or silver coins. I do NOT prefer the generics but would rather have you buy
Silver Eagles or bars. When buying silver, the mark up will be a bit higher
than gold. JH Mint posts prices on its board over the sales counter so you
can see spot at any time. I have dealt with JH MINT myself and found them to
be easy to work with.  You can pay in cash and you will remain anonymous.
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