[Money-matters] FW: [Money Matters Newsletter] Gold and Silver Take Down. Markets Flat but volatile. Money Matters Update September 29, 2011

Fri Sep 30 15:12:34 UTC 2011

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Thursday, September 29, 2011 9:39 AM
To client perf 
Subject: [Money Matters Newsletter] Gold and Silver Take Down. Markets Flat
but volatile. Money Matters Update September 29, 2011

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Gold and Silver Take Down. Markets Flat but volatile. Money Matters Update
September 29, 2011

Turkey Matters, our "match your funds" food program will be kicking off on
the 100th anniversary show on October 7th. I will match your funds for the
Nevada County Food banks to buy Turkeys for the needy. Send all checks to:

Marc Cuniberti
PMB 101  (MUST SAY PMB, not post office box) 
578 Sutton Way, Grass Valley, CA 95945. 

Make the check out to the food bank of your choice, either the Interfaith
Food Ministries or the Nevada County Food Bank. I will double your check
with my own money.
Lets help feed the needy with Turkey this Thanksgiving! Your dinner will
never be better knowing you helped feed literally thousands as we did last
year. Send in your check now.
Last year we bought over 700 turkeys. That's probably feeding close to 2000
people!
Marcs Notes:
I have been peppered with emails on the Swiss Franc thing and now the gold
and silver rout we saw Friday. 
The take down of gold and silver was brutal, the worst day in decades. Some
of my clients were stopped out due to losses and loss limits on trading
positions. 
If you hold gold and silver PHYSICAL (in your possession) this take down
means nothing.
If you owned gold and silver funds as a SMALL PART of your portfolio then I
suggest you don't panic and hold. The fundamentals have not changed. Those
that were stopped out had to do so to protect principal and loss limits are
a prudent part of keeping your losses limited to 15 % or so.
High net worth individuals need not worry as we only recommend holding 10 to
15 % in gold and silver anyway. Those that had stops in were taken out
however and it goes to show those in power can muck up a good financial plan
by manipulation and the take down of precious metals was exactly that.
If you were stopped out of some or all your positions then stand pat for
now. Long term gold and silver holders like long term Franc holders should
do nothing 
Here is what I think happened:
The US economy is faltering again like I warned it would when the Federal
Reserve stopped the money printing program called Quantitative Easing  (QE 1
and 2).
Since gold and silver are thermometers of paper currencies, when they rise
they shed light on monetary abuses by the Governments of the world. In
concert, they don't want any indicator lights going off and gold and silver
had made tremendous gains over the last decade or so. I fathom that the FEDS
are planning another QE program (money printing) soon. The last silver take
down a month or so back was brutal and burnt many an investor looking to
shelter some money in real assets. (Why I recommended it).
Gold however wasn't hit as hard and silver was coming back slowly. They
initiated another brutal take down to smack our hands again and leave a
lasting mark on anyone thinking of sheltering in these metals. They want to
be sure you were hurt badly and think twice about buying these assets. After
Fridays close, the CME (they handle the metals market here in the US) also
added insult to injury and again raised the margin requirements on both
metals. Think about that for a minute. If the STOCK market had crashed, do
you think they would have raised margin requirements for stocks?  Hell no!
They would probably have lowered them or at least stood still and told you
not to panic.
When it comes to precious metals however, they don't want any signs of a
paper money rout so they slam it down hard. Rumors point to banks and firms
that were losing big money on the metal rising and they went to the FED for
help. "Slam down those metals! We are losing millions!"  So witness the
beating of the metals Friday. There were also huge gains for some firms in
gold so that's where they went to get some cash.
The FEDS show no mercy for gold or silver. Like I said, they will fight us
every step of the way on these metals but don't be swayed!
For most of you we hold on and stay alert. These markets are dangerous and
unpredictable, hence my continued call to stay mostly in cash and cash
equivalents.
For now, we wait; I will be slowly now adding silver and gold PAPER through
GLD and SLV in the next few weeks. Those needing to add PHYSICAL metal can
take this opportunity to consider whether today's cheaper prices are worth
the risk to get some metals now before they rise again.
Could we see lower prices still? Yes, and no one can say for sure what lies
ahead, but I always go on the mantra: "Sell when others are buying and buy
when others are selling".
All I know is silver was close to 50 bucks and is now at 30. Gold was close
to 2000 and now sits 400 bucks lower.
As for gold and silver  stocks that track companies (instead of the GLD and
SLV which track the asset) , since all stocks fall in a market crash, I
hesitate to add a lot of stocks now that I saw that brutal take down and
know stocks too are at risk.
If you have the time to wait and are sturdy, add both physical and paper
gold slowly over time. Don't rush in but don't sit idly by. Add small
amounts here and see what transpires.
Long term we have done well in both gold and silver. Swiss Francs and are
other currencies are way up so our profits are still there. Those joining us
later in the decade have a more difficult road to hoe, so stick to the plan
and be patient.
My guess is their take down was because they now plan another round of money
printing in QE3 to be announced soon. Their operation TWIST announce last
week didn't juice the markets so in order to prevent gold and silver from
going ballistic when they announce it another QE program, they had to burn
the gold markets a real whopper in advance to prevent it from skyrocketing
when the announcement comes.
I know these times can be trying but that's their plan.  Burn you good so
you don't rush into these metals come their next announcement.
 Long term, gold and silver should be the last man standing but it could be
a painful ride as the FEDS fight nature's forces every step of the way.
As for Swiss Annuities, long term buyers are still way up and if you want a
Swiss Annuity, you can still denominate them in other strong currencies.
Well diversified, with foreign currencies, dividend payers, gold and silver
physical, gold and silver funds, EVERBANK NO RISK Cds, FDIC savings
accounts, a good job, some real estate (that you already own) some solid AAA
company stocks and perhaps some foreign real estate, off shore savings and
gold and silver accounts held offshore, we can weather the coming storm.
Hold all positions as long as most of your money is safe from stock and
metal sell offs.
Add slowly if not already deployed in our plan and save as much money as you
can.
You will need it, and watch the FED, they still wield a powerful influence
over all markets. They know this and will use the immense power they have to
try and outsmart the ones looking to shelter (That's us by the way).
In conclusion, the markets are so bi polar and manipulated, I am refraining
from trading them in gamblers plays. The few we had like short Euro and Yen
yielded small profits. The short China play yield good profit. The NAT GAS
play is still dead and we hold for the eventual rise although we still may
have a long wait. Our interest rate fund TBT is
cornered by the FEDS driving rates down so hold still although I know its
frustrating.
It will rise as sure as the sun does when investors finally realize the US
cannot pay off over 100 trillion plus dollars.
Above all, KEEP MOST OF YOUR MONEY IN THE NO RISK CATEGORY which means US
INSURED ACCOUNTS. Nothing new here.
Pray for our country, our economy, our Congress and our President. May they
make the right decisions eventually.
Look for future updates soon in this crazy environment. Its going to be one
hell of an Autumn. I promised to update the DREAM PORTFOLIO last week but
didnt get around to it. Look for an update this weekend.  All for now, show
next Thursday but see you at the Celtic Faire this weekend. I will be the
one selling raffle tickets! Buy a ticket and say hi!
All for now,
Marc

PS: Think we can believe recovery spin from Washington? Look at this chart
of general business expansion in the last year. Decide for yourself. This is
a government published chart.

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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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