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Money Matters new update! Read! April 14th, 2013. Free newsletter here!
Will the War Cycle hold true calling for a new conflict in 2013-2014?
SPECIAL INTEREST: Link to US DEBT CLOCK: http://www.usdebtclock.org/# (check this out to have your mind blown). Watch the clock show we overspend about $100,000.00 every 6 seconds!
Marc’s Notes:
Thanks to all who pledged to KVMR last week. We raised about 3 grand and we appreciate your support.
A Money Class is set for May 3rd, in Alta Sierra at 11.15 am to 2.30 pm.
We will cover real estate, gold and silver, stocks, bonds, financial advisors and what to watch for, review Apple and other common stocks, give you a copy of some dividend paying stocks I own, cover offshore investing and more!
We will provide you a snack and cool drink to boot. Just bring a notebook. Because this class is smaller in number, we are offering you a 25 % discount off the regular fee of $199.00. Sign up now and prepay by April 21st and pay only $149.00. Send in your check with email and phone number to;
E CUNIBERTI (make check payable to E CUNIBERTI)
PMB 101 578 Sutton Way, Grass Valley, CA 95945
And email me that you are sending in payment. Do it now to reserve a spot!
Markets:
Gold took a brutal hit Friday down close to 5 %. Wow! Reasons run the gamut from Fed take-down to recovery belief and all points in between. Remember gold is insurance and when insurance goes on sale, I buy it. As mentioned in past shows and newsletters, silver could go as low as 20 bucks and gold down to $1000.00 or so and still be in a bull market. In past markets, we can see corrections up to 50% and did in the last market for gold. Remember the reasons for owning insurance are for catastrophic situations only so as long as gold is going down, it means the world is still safe for now. Those wishing to load up on insurance can start buying here. More downside could be in play or we could see some consolidation. I suspect central banks of foreign governments will be starting to load up in the next few months.
Stocks continue up but “sell in May and go away” is coming into play. The old market saying is based on historical stats that say markets over the long term fall more in the summer then in the winter-spring months. Be careful adding stocks here and if you do only add the big monsters on our Super Dividend Payers List.
Meanwhile worldwide money printing and bailouts continue on unprecedented scales.
This will end badly but when is the key unknown. I cannot bear to think of how bad it will get for the average person all over the globe let alone the poor who will really suffer.
Many people will starve with higher food prices but right now deflation “lower prices” are still fighting higher prices. This means that the “recession” symptoms are still with us and are combating higher pricing pressures. Basically the world wide money printing fest is forcing prices that want to go down, up! A battle of economic forces. Debt purge versus the money presses of central banks.
A bubble in stocks is forming incredibility. The Dow is at all time highs in spite of questionable economic fundamentals. Market disconnect for sure, the result of zero interest rates forcing investors out of bank accounts and into higher risk and higher paying stocks and bonds.
Housing is exhibiting similar characteristics in distorted ways. Real estate is downright off its rocker driven by insane lending policies once again. So soon they forget!
Globally, A Frankenstein world economy exists to say the least.
Distortions are everywhere which is why I know this will not end well. For now the drug addict stumbles on blindly, his body getting closer to failure with every step.
For now stay away from most bonds like junk bonds, long and medium term bond funds, long term debt of any kind and unsecured private equity.
Land is cheap right now (not rentals) so I buy when there is blood in the streets. I bought a lot recently and look to buy more. Offer LOW LOW LOW if buying land. It’s cheap and there is lots of it.
Don't look know but Natural Gas is rising steadily! By far my worst call a few years back, natural gas buyers got taken to the cleaners. Now it is finally rising after making it in the press for almost a year non stop. We have a long way to go to get back to even but it is good to see my call of rising demand may finally be coming true. I was WAY EARLY on this one but may be vindicated in the end. We will see. Our dividend payers in energy have been rising nicely helping offset any gambler losses we took in this asset. Natural Gas producers are on their way up so hold or start adding now. GAZ is a low priced equity you can consider if you want to dabble in Nat Gas.
Opening a bank account in Canada is still a good idea and a Swiss Annuity is also favored in my book. See me for details. An I BOND from the Treasury is the best thing going so look at that as well. No EVERBANK CD’s are out there yet but they do have great checking and savings. Use these links for high yielding banks accounts.
Money Market: https://www.everbank.com/personal/high-yield-money-market.aspx?referid=13286
Checking: https://www.everbank.com/personal/interest-checking.aspx?referid=13286
A new FREE SHOW on the website is the Julian Phillips interview on gold. Download it now for free and share it with your friends.
I am thinking of a special class on moving money offshore, real estate and owning gold and silver. Email me if you are interested in this class.
For now ride the rally but beware a correction will come sooner or later but as long as the Feds keep printing it is likely to be contained to 10% or less. When the money presses are halted however, look out below. No worries there though as when the markets do fall they will fire them up again. Rinse repeat, rinse repeat.
All for now, email me with any questions or wish to talk over your finances.
Money Matters airs this Thursday at noon PST on KVMR FM and affiliated stations throughout the US.
Marc
PS: In the grand scheme of things, does this look like a housing recovery to you? That little blip at the end is causing all the hub bub.
How about the number of toxic mortgages and IOUS the FED has bought and now holds? Can you say bank bailout? Even if you don't understand economics entirely, does this chart look normal to you?
