[Money-matters] FW: [Money Matters Newsletter] Money Show Tomorrow! Foreign Currencies, Oil, Gold Expected Correction Here! 11/17/10

Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios bayareaprocess at att.net
Thu Nov 18 00:50:02 UTC 2010


 
 
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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Wednesday, November 17, 2010 4:45 PM
To: client
Subject: [Money Matters Newsletter] Money Show Tomorrow! Foreign Currencies,
Oil, Gold Expected Correction Here! 11/17/10
 

 
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Money Matters Newsletter: Money Show Tomorrow! Foreign Currencies, Oil, Gold
Expected Correction Here! 11/17/10

Marc's Notes:
First off let me thank each and every listener that sent in Turkey Matters
checks.
Here are the final tallies. 
Turkey Matters
Food Bank  $7,054.00
Interfaith       1,380.00     total 8441.00

The checks were presented to each institution this week. I then went to the
Grass Valley Veterans Hall where they were in the midst of handing out our
Turkeys and food. What a sight. 

Sad on one hand but enlightening on the other. Seeing our money in action
was heart lifting. Thank you again for helping.

The markets are fiddling with the 11,000 Dow level and we don't know which
way it will break, down or up. If it fiddles with this level for an extended
period it usually means a break DOWN. If it rallies from here UP, it should
do so fairly soon. If it does break down into the 10,000 and stays there a
few days then lower we may go shortly thereafter.

Ireland is adding to the Euros' problems as they now line up for a bailout.
Like I said, first its homeowners going broke, then cities, then states,
then companies, now entire countries. The disease is spreading to the entire
body as detailed in our summer newsletter. 
The  PIIGS  nations  (Portugal, Italy, Ireland, Greece and Spain) all
overspent on social programs and government pork and now can't pay the
bills. Add in bad investments on US home mortgages and you have a broke
country. Paralleling my UNION article on the problems of the Euro
(http://www.theunion.com/article/20100426/NEWS/100429812) we are witnessing
the shackles of a paper currency in a non paper experiment. Look for another
bailout to Ireland and more to follow. Meanwhile our "short the EURO"  play
using EUO has moved into the black enough to cut and run with about 7 %
profit or so in a week and a half so if you made that play, sell the
position at a profit at EUO 19.90, no lower. Initiate a stop there and ride
it up if it goes further. We may see a rally now with this bailout talk.

Our foreign currency prediction of a pullback took place and you short term
traders should have sold 25 % or 50 % of your FXA   FXC  or FXF near the top
and now hold the cash to buy back in on this correction. There may be more
to come so our decision to take profits was right on. Long term holders do
nothing. 

Ditto with gold and silver. The correction I mentioned that was coming is
here. Short term traders or those with a ton of physical gold and silver
should have sold off some metal per newsletter OCTOBER/NOVEMBER 2010. Folks
with less then 10% of their net worth in gold and silver should start adding
small amounts here, but keep in mind the correction may not be over. Keep
some powder dry.

Swiss Annuities- HOLD of course. Profits to all.

Oil- We put out last week to sell off your USO you bought around 32, getting
at least 36 or more for it, to a high of 38, giving us about at 15% to 20 %
profit in a few short weeks. You should be out of that gamblers play. You
should keep your powder dry. Oil is following the stock market right now and
may go lower

Natural Gas- Lots of press on NAT GAS   and some movement but our NAT GAS is
still badly underwater. You should have sold 25% when NAT hit 5.25 (UNG) but
still have 
75 % of it. It is now sitting around 5.70 (UNG) and looks to be stabilizing.
Every time I say that however, it rips me a new  ------------  and goes
lower. Hold. Our day will come.

Uranium- a new addition of an old holding. We made nice money the first time
around yet many bought in too late and are in the RED. Those not owning it
can play it with URPTF, NLR or CCJ. It is not gamblers play per say as we
are not looking for a short term trade here but long term energy gains. This
should only be a small position for those looking for energy holding
diversification. It does not pay a dividend.

New Mutual Funds - A Chile fund and an Asia fund that pay around 8 or 9 %
dividends to boot. What's not to like? That and our MONSTER STOCK DIVIDEND
PAYERS are on the Super Dividend Payers List for all website members.
($99.00/ yr).

Want to see a very funny video on Quantitative Easing? This is SOOO FUNNY
and pretty much tells it like it is. Thanks to Wayne for this.
(http://www.youtube.com/watch?v=PTUY16CkS-k)

I am writing for the UNION now and if you have seen any of the articles and
would like to see more, you may email the editor of the UNION at:
(http://www.theunion.com/section/contactus). They are mulling over their
continuance and input might help.
Money Matters Show Tomorrow, Nov 18, 2010. Noon. PST 
"How to Run a Restaurant".  This ought to be fun!
www.kvmr.org
Talk to all of you tomorrow!
Marc
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Where I buy some of my gold: What I call "Possession Gold". 
Blanchard and Company, Inc.
P.O. Box 61740
New Orleans, La 70161-1740
Direct toll free number: (888) 727-7537
Rick Baugnon

I have probably purchased the most ounces of gold and silver from Blanchard.
Not only do they sell regular coins and bars, they are the only contact on
this e-letter that also can provide you with graded coins and collectible
coins. Although I usually recommend only standard coins, I do own
collectibles as they may help against a confiscation scenario and we need to
be prepared for everything. Please call Rick Baugnon and tell them you are a
Money Matters Listener and he will give you special consideration and he
knows my preferences. Use his direct line above. Rick and I have discussed
Money Matters needs and he knows what to provide.
  
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.
I usually buy Gold Eagles, Buffalos, Kruggerands, Silver Maples. Gold Pandas
Generic Rounds. Peace Dollars or Morgans. You may also use my web contact: 
 
Follow Marc and Money Matters on Facebook
<http://www.facebook.com/topic.php?uid=225256048565&topic=11908#/pages/Money
-Matters/225256048565> . 


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