[Money-matters] FW: [Money Matters Newsletter] Gold up 46 bucks. Markets creep higher. Swiss Franc hammered by Swiss National bank. Update Aug 31, 2011

Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios bayareaprocess at att.net
Tue Aug 30 20:40:55 UTC 2011


 
 
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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Tuesday, August 30, 2011 1:36 PM
To: pref client
Subject: [Money Matters Newsletter] Gold up 46 bucks. Markets creep higher.
Swiss Franc hammered by Swiss National bank. Update Aug 31, 2011
 

 
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Gold up 46 bucks. Markets creep higher. Swiss Franc hammered by Swiss
National bank. Update Aug 31, 2011

Marc's notes:
Markets eek higher as mixed economic data confuses investors. Consumer
confidence plunges here and in Europe to 2 year lows and housing prices
continue downward per economic data out today. Euro problems persist so more
bailout money is needed and printed up by Euro Central Banks. Greece
meanwhile is said to need MORE money and borrowing costs are rising
everywhere. The only thing not rising is US TREASURY interest rates so our
TBT play continues to languish with big losses for Money Matters holders.
TBT is insurance so don't let the fall fool you. You can switch to RRPIX if
you want less movement yet still get some insurance. Hold these funds to
protect against rising interest rates.
Hurricane Irene looks to make a jobs bill yet won't add any to the deficit
the way they figure it. Money is money but they alter the spending on the
books so it doesn't look quite as bad. Kind of a gift to Washington Jobs
bill without the red ink. sort of.
S and P rating companies' CEO retired strangely enough just weeks after his
company made the biggest downgrade in world history, knocking down the US
one notch in credit rating. Odd don't ya think? Forced out perhaps. He will
be replaced by Citibank's Chief operating banking officer Douglas Peterson.
No surprise they get a banking shill. I wouldn't be surprised if we see no
more serious downgrades on anything important from S and P in the future and
wouldn't be surprised to see the US rating changed back up to AAA at some
point.
The Feds August meeting yielded a wink and nod from Bernanke on possible
more quantitative easing if markets continue down. They will meet for an
unprecedented 2 days in September. Fed minutes show a divided Fed Board on
new stimulus, with some wanting more now and some saying it's too much
already. With the release of these minutes today, gold vaulted up $46.00 or
so. Silver added under a buck. Good for Money Matters listeners who own lots
of gold and silver.
The divergence of gold physical and gold stocks I mentioned a week or so
back looks to be a great call. I said this divergence signaled a possible
rise in gold and silver stocks and that happened on cue. Our Gamblers
Twitter play (follow me on Twitter for daily updates and gamblers plays) SVM
rose 10 % today! Ditto for the other gold fund mentioned in our last update
GDXJ, a juniors gold mining index. Our other long term funds on the Dream
Portfolio are all rising albeit more slowly. By the way, I just updated the
Super Dividend Payers List again due to market volatility. It is new as of
YESTERDAY!
On the Super Dividend Payers List a few of these stocks have done rather
nicely and Terra Nitrogen is up 86 % in the last year and tacked on 30
points or so in the last 2 weeks! It was paying over 8 % to boot! It now
sits at 190! Wow! Nice going gang! Like I said, occasionally we hit the
jackpot in dividend payers as well. We started following this stock under 10
bucks!
I would be careful adding it here if you don't own it but long term holders
are smiling!
Other Gambler plays are as follows;   (NOT FOR NOVICE INVESTORS!)
Nat Gas still nothing but it is getting more press every day. Hold and Add.
TBT short term add at 24. Nothing. Hold or Add.
SVM  Silver stock up big today! Nice quick profit. Set stops to protect
profits. 
Short Euro  EUO rising a tad. Hold.
Short Jap Yen  YCS. Nothing. Hold or add.
Short China FXP. This is an old play. Up some, Hold.
UCO Twtter mention. UP! Set stops to protect profits. 
APPLE - suggested you sell covered calls (COVERED ONLY!) You are sitting on
a 10% gain or so for holding the stock a month. It's at 390 today, up 25
points since our mention at about 365. If it stays above 365 you will have
the stock called away and you keep the 10 %. Don't roll it. Wait for
instructions. BTW I did a newscast on APPLE so if you want to hear it email
me.  Marc at moneymanagementradio.com. Its about 3 minutes long on a MP3 file.
Notes on our Swiss Annuities and Swiss Franc holders;
A lot has happened in the Franc in the last month. It skyrocketed past 135
or so, up a whopping percentage so your Swiss Annuities are making tons of
money. Because the US prints money it forces everyone else to do so like it
or not to keep up. Bad medicine the US spreads. The Swiss National Bank
intervened and screwed it up for us but since we saw such a gain, the fall
back to 120 only hurts our profits some. It is still WAY UP. 
Hold. Our mention to short the Franc at 135 or so was a good call although I
suggested it only. I did not short it. Expect more downside on the FRANC but
that will only make a base for a new move later. The Swiss Bank had to print
a whopping amount to crush the Swiss Franc in relation to the size of its
country. Wow!
Obama will announce a new "plan" for America after the holiday. Peeks at
details show more infrastructure funds (the last time they only allocated 30
billion for this despite the promises!)
A job hiring credit and more "tax the rich" schemes are to be revealed. He
will also say he plans to cut even more of the deficit later. Note the
"later'. Typical. "I will stop drinking tomorrow but today's too stressful!"
Bottom line will be more spending with more "promises" to cut tomorrow.  The
cut part won't happen.
Money Matters Airs Thursday. Stay tuned.
Marc
Follow me on TWITTER for daily updates thru out the trading day and gamblers
plays not mentioned on this newsletter. 
 
 
 
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Where I buy some of my gold and silver: What I call "Possession Gold". 
Monex Deposit David Feldberg   x 2216 
4910 Birch St., Newport Beach Ca 92660 
(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. 
I usually buy Gold Eagles, Buffalos, Kruggerands, Silver Maples. Gold Pandas
Generic Rounds. Peace Dollars or Morgans. 
Blanchard and Company, Inc.
P.O. Box 61740
New Orleans, La 70161-1740
Direct toll free number: (888) 727-7537
Rick Baugnon- (Please ask for Rich only as he knows what Marc recomends) 

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. 
Follow Marc Cuniberti on Twitter <http://www.twitter.com>  for daily Money
Matter updates. 
 

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