[Money-matters] FW: [Money Matters Newsletter] Markets going nowhere, Portugal ready to belly up. Update January 11, 2010

Wed Jan 12 02:41:41 UTC 2011

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Tuesday, January 11, 2011 6:39 PM
To: client
Subject: [Money Matters Newsletter] Markets going nowhere, Portugal ready to
belly up. Update January 11, 2010

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Money Matters Newsletter: Markets going nowhere, Portugal ready to belly up.
Update January 11, 2010

Marc's Notes: 

Magarita Dinner with me coming!  Email me. meet with me, have dinner, all
the Margaritas you can drink and the dinner and ask me what you want. Slots
go fast so email me now. Cost is $199.00 per person and 50.00 to add one
person. Includes dinner and drinks. 

The Markets (DOW) are meandering around the high 11,000's waiting for the
next shoe to drop.
Gold and silver and interest rates and oil and natural gas and just about
everything complacently sit waiting for somebody to say something. An eerie
lull falls over the equities it seems like. Portugal denies it needs help
and that goes along the lines that when a government officially denies
something you can take it to be true, so Portugal is in need of a bailout
soon. Even if they aren't, the "bond vigilantes" ride to the rescue to
punish all rumors. What that means is world revolves around those that deal
in government and corporate debt. The "bond traders" rule the world. Once
angered, these legions of traders with untold billions take no prisoners.
They are not necessarily the bad guys. These guys sniff out fraud and Enron
like accounting and when they find it they begin selling the company or
countries debt and equities and soon an avalanche of sell orders drives
interest rates on that debt higher, requiring the borrower to pay more. The
higher interest rates are needed to persuade buyers to step forward and buy
the IOU'S.
If no buyers step forward, and the bond traders keep selling, the interest
rates go even higher. In Portugal's case for instance, as these interest
rates rise, Portugal has to pay more and more to borrow money. Since
countries roll over there debt almost daily (pay old debt with new debt),
once interest rates rise, the "new" debt cost even more exasperating the
problem further. Portugal joins Ireland, Greece, Iceland and others in the
family of nations who bailed out their banks and now need bailouts
themselves. That's the problem with bailing out banks. Soon YOU may need
bailing out.

Meanwhile we look for places to make some money and find cashing dividend
checks is as good as any. Many of our funds paid handsome year end
dividends, some up to over 10 % in one lump sum. See your December and
January statements. The INDIA FUND  (IFN)  is due to pay a massive dividend
in a week or so. (Don't buy it now, you won't get the payment). Only those
owning it in early January will get paid.

Our gold funds and some of our PIMCO funds threw money our way as well as
even a contrary fund or 2. Nice job. 

Complacency is everywhere and company insiders are selling stock by the boat
loads. Those wishing to gamble should consider adding put options on indexes
and the VIX and leveraged contrary funds to garner profits if the markets
turn down. With complacency at historic highs (yes we measure such things in
the VIX) and insider selling in ridiculous ratios, one could make an
historic argument that a correction is due. I bought QID, a leverage
contrary fund and will take some stock money off the table when options
expire this week. 

I added Hecla Mine  (HL) and also own some EGO and SVM. These are gold and
silver stocks of which I sold options against. (Hear Money Matters Show
"Covered Calls". # 33 for details).

Our interest rate fund TBT  and RRPIX are in a holding pattern waiting for
the next break out. There are other interest rate funds I have suggested in
past new letters as well.

Swiss Annuity statements should start arriving soon in your mailbox. Look
for the current value in Swiss Francs then multiply by the current USD
conversion rate. (Today it is about 102) This will give you the dollars you
have in US currency. Then smile knowing how much money you made and how this
year you will probably make just as much if not more.

No word from Everbank on a new "no risk" CD that I like but I am keeping an
eye out for you. All holdings remain the same except add physical gold and
silver until you get to 10% of your net worth or more. (Contacts at end of
this newsletter).  

You can consider the Chinese Currency ETN called CNY which looks to mirror
the Chinese Renmimbi. I suspect a revaluation is coming with their upcoming
Washington visit. Over time you should make a bit of money here and maybe
get a quick small pop as well.

Our foreign currency funds are stable for now after their terrific run up
and our energy plays are oscillating for now. HOLD.

All for now, no show this week.

Updates for Dream Portfolio and Super Dividend Payers list are soon to be
posted. New shows and newscasts are updated as of last week or so.

Email me with your questions or to meet with me. Prepare!

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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