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Markets Falling. China Buys More Gold? Money Matters Update Feb 25, 2010
Marc's Notes:
The markets continue to make lower highs and lower lows. Consumer confidence fell this week, a gauge of how you and I feel about things. I have always said the recovery is bogus, brought on only by FED money, which is borrowed and therefore is not a real demand base. How can one think borrowed money makes things better? It does not.
Investors are beginning to smell a rat and a big pack of lies. Joe Sixpack can be so dense sometimes. I suspect the markets will continue the deterioration and test 10,000 DOW again, hammering on it like our bowling ball on a windshield analogy and crack through for good on a 3rd or 4th test. Then into the 9000’s we go.
Meanwhile our surprise bluff interest rate jack by the FEDS is running out of effect. This measly rate increase was all bluff as indicated in our last newsletter. They CAN’T jack rates much without throwing the “recovery” into a meat grinder. As I said, it was all bluff with no real meaning.
The Chinese are dumping US DEBT for a second month in a row and others will follow suit. Greece’s problems with debt is a REAL problem as being a part of the EURO nations, they CANNOT print money like we can. AH HA! A flaw in their system, for what happens when one of their countries gets into debt problems? No printing press abilities! UH OH. They didn’t think of that. The EURO rules states you cant have more debt then a fixed amount in any EURO nation but THEY ALL DO. All the nations have already broken this so called rule in the few short years since the EURO was introduced. What a crock. It’s like our debt ceiling. Nobody pays attention to the rules anyway so why make them.
Anyway, look for more commotion and problems from across the pond morphing into REAL problems world wide.
Gold looks great and like we mentioned months back, if the IMF puts more gold up for sale, I expect the CHINESE, who were beaten to the punch by INDIA on the last IMF gold sale, will buy the IMF’s gold. This will rocket gold again! Look for an announcement soon and hold your gold and gold and silver stocks for a pop.
Natural gas is a buy for GAMBLERS only. Buy UNG under 9 and GAZ in the 12’s and UNL in the 48 range and SELL with a 7 % pop coming soon. Options can be a nice way to play this and I bought a ton of options and stock for this quick profit opportunity. This is a SHORT TERM play only. Hold your long term natural gas stocks for 2011 and beyond, although we may get some movement before that. Don’t bet anymore then you can afford to lose on any of these plays however. Remember, gamblers only.
Still no word from EVERBANK on a no-risk currency play so hang tight. I will let you know as soon as I hear something.
Swiss Annuities are still legal and a great way to offshore money. Hit our Swiss Advantage banner on the site to get a booklet.
Consults are a great way to get prepared and the cost is minimal to meet with me. I will be RAISING this fee next week so if interested, do it NOW.
New shows and newscasts and the David Walker show will be posted in one week including the popular “SHOULD YOU STOP PAYING YOUR HOUSE MORTGAGE” show # 86.
Show #65, the US COMPTROLLER DAVID WALKER INTERVIEW will be FREE next week as well so get this show when it becomes available. See FREE SHOW on the left menu. Right now show # 2 is still there.
Interested in a dinner with me? All the Margaritas you can drink and the off the menu items are included in your fee. Email me for the cost. So far we have about 6 people so I am looking for more. This is not a consult but we can talk for 2 hours or so and drink and eat.
All for now.
Marc
