Money Matters Newsletter

The markets look sick. Don’t be fooled by hype or spin. As previously indicated in this news letter, we are at technically a critical point in the markets. If they keep falling, then the bottom could be falling out of the market again and look out below. The 10,500 level turn point we indicated and mentioned would either be 10,300 or 10,800 before it reversed was accurate and I hit that one right on the mark with a 10,400 turn point. Investors are seeing the deficits, the unemployment, the earnings, the spending, the consumer confidence levels and beginning to say “Is this recovery for real?.

Marc's Notes:

Thank you for your generous support on the last membership drive last Thursday and last Monday. The show brought in over $16,000.00, and the station raised over 80,000.00 in total so far. Great job all you KVMR supporters and you have my and the stations heart felt gratitude!

Consults will be contacted shortly for scheduling. Memberships to the website will also be notified how to access MONEYMANAGEMENTRADIO.COM shortly.

I mentioned on this Mondays show a foreign currency CD I bought, I also read my Dream Portfolio and my personal holdings on the air on Mondays show. Transcripts are not available but because we got so many requests for my personal holdings and the Dream Portfolio and the Foreign Currency CD I mentioned and bought myself, we are making it available on 2 cd’s for you to review. You must request by EMAIL and there is a fee for this show only due to its content.

Marc's Notes:
SEOUL—State-run Korea National Oil Corp. signed a contract to buy Harvest Energy Trust of Canada for 1.8 billion Canadian dollars, or about US$1.7 billion, in the largest acquisition of a foreign oil producer by a South Korean company.


A Super Dividend Payer was bought out and follows along the lines of what I have been talking about as recently as a few weeks back on our show #75  and also on Show # 53. The world needs more energy. They DON’T need MORE U.S. dollars, so they are trading the U.S. dollars for real stuff, much like you should be doing. Like I said in show #75, “China’s Buying Spree”, the Asians need energy, and so does the rest of the world, so they are buying it, and if you hold it, they may buy it from you. And they just did.

Marc's Notes:
Swiss Insurer BFI has notified us that the minimum for opening an annuity has been increased from $20,000 to 50,000 USD. Ouch, quite an increase. It seems with all the pressure US authorities are putting on foreign countries to divulge their banking and investing clients is working. I am one for policing banks and brokerages as they have shown they, for the most part, can’t be trusted. But to throw their net over you and I as well just goes to show they will do anything to insure their paper money game continues and those of us who want out of the game must continue to find new ways to protect ourselves. Reporting existing Swiss Annuities is also being pressure by them to force us to report them under severe penalties and you can comply by using IRS form TDF 90-22.1. Check with your tax advisor for details.

Marc’s Notes:
Markets still gyrating. Gold and silver and oil and natural gas are hovering. You should be keeping some funds in cash to pick up more natural gas and oil when it drops a bit more. Ditto with gold and silver. Even foreign currency funds are oscillating between new highs. A bubble appears to be forming in currencies, commodities, gold and silver and more. A minor bubble that is, blown up with FED money given to the banks but not lent out. They take money from the FEDS at zero cost, then instead of lending it to consumers; they are gambling with it, buying US Treasury debt for 2 or 3 % return. That’s right, they borrow it from the FEDERAL RESERVE at zero interest then loan it back to the Treasury for longer term at a positive rate of return! Sound ludicrous? It is!  But true. One arm loaning, the other arm paying interest on the money coming back.
The banks are also buying oil, gold, silver, commodities- you name it. After all, they have BILLIONS if not TRILLIONS to bet with, and betting they are.
Hear all of it tomorrow on our 2 hour membership drive show.

Marc's Notes:

APPL posts profits but market tanks on housing data. Money Update  October 20th 2009

APPL posted larger then expected profits yesterday but housing data put a wet towel on the party and the Dow started down on Tuesday. Gold dropped to around 1,050.00 and oil also backed off a tad. This is ok as gold is holding nicely over 1,030 and oil is well over 70.00. The Dow is now over 10,000 and market cheerleaders are raving about a new bull market. Tacticians know a 50 % retracement is nearing and a VERY important technical level. Put simply, market rallies after crashes like the one we had last winter and spring can go as high as regaining 50 % of the previous high.

Marc's Notes:
Oil skyrocketed even higher this week while Natural Gas, Gold, Silver and other commodities languished in mediocrity. Why oil is raging higher yet these other commodities are not is a little baffling but mostly has to do with supplies and a FALLING US dollar. Have you checked out the Swiss Franc, Canadian Loonie, Japanese Yen or Aussie Dollar lately?
Wow, talk about a ride. Those holding these currency funds per our suggestions are really making some good gains here and these gains are offsetting the loss in your home currency, the US Dollar. Meanwhile the Dow is flirting again with 10,000. Keep in mind in 9 years the Dow was much higher and now DOWN from a high of around 14,000. This is a lost decade worth of WORTHLESS advice from your “advisor” to buy and hold. What the hell do they know!

Marc's Notes:
The market continues its ascent in absurdity and any financial advisor that tells you to buy in this market is just plain crazy in my opinion and you should dump them immediately. I met with another client yesterday who left E. J. (A Large brokerage firm) and she said they tried to convince her to stay in the market, and when she said NO, they charged her $500.00 to close her account. I don’t know if that was true as I never saw the statement but she has no reason to lie. She mentioned she was losing money last year and finally came to me to stop the bleeding, which I did. She told me had she stayed in the market, as advised, she would have lost many more tens of thousands.