Well, I’ve been dormant for a long time, but itching to get back to the blog the whole time…..
Instead of researching politics, I’ve been immersed in stocks, the economy, and Aerogardens (I hope to post something on these amazing little machines sometime!).
Tussling with asset managers who really don’t get it has been an increasing occupation…researching links to European banks, etc. It is very time-consuming, to say the least!
Yesterday, I was on the monthly conference call with the guy who manages an “Alternative” portfolio….metals, currencies, foreign ETFs, etc. He gets the overall mechanics of it all, some of the big picture, but not the underlying monster. I keep raising questions about things and never REALLY get the answers.
Well, I am no longer alone. A woman named Elizabeth asked a question: “How do you plan to keep our money safe?” and referred to ME….that she had been reading what I had been reading! Eureka!
The guy is good guy and has no problem adjusting our accounts. So I just finished off an email to him instructing him on a couple of things…and then added a “reading list” for him to peruse. Whether he reads any of it is a big question, but I sent it along anyway. I tried to tap into something we have in common…he got his graduate business training at Cornell and I am now heading into my 40th Reunion year since my undergrad graduation ! (Which is pretty crazy, that I’ve come that far and survived! ) I told him that as Cornellians, we could put our brains together and survive….
Anyway, I thought I’d just plug in the part of the email with my reading list….this is a VERY short list….it is probably overwhelming for him but it barely touches the surface of what I read.
So, here goes, straight from my email to him…to you. It’s not pretty, the formatting is a mess…. but it gets to the basics! Hope you find this to be a helpful start…although, if/when systemic collapse comes who knows what preparations will really bail us out as individuals.
Now, I will bore you with a list of things I read regularly…
1) http://www.zerohedge.com/ ZH is the go to place for the real nitty-gritty on what’s going on, no sugar-coating. It’s really a must; updates during the day.
2) http://www.jsmineset.com/ Jim Sinclair’s father worked alongside Jesse Livermore and Sinclair himself took care of unwinding the Hunt Bros. silver stake way back when.
Sinclair, otherwise called “Santa” around the blogosphere, is very respected on the economic situation, metals, etc. You will see a link to the left for Guild …their free newsletter may interest you. Trader Dan Norcini started here and links to his own blog are now offered. Direct link to Trader Dan….who is very cogent on gold,general market etc. analysis http://traderdannorcini.blogspot.com/
3) http://harveyorgan.blogspot.com/ This Canadian watches every ounce vs. paper at the Comex and the ETFs…things are not good there! Also cites important news.
4) http://www.tfmetalsreport.com/ Great analysis of what the Cartel (mostly JP Morgan and the infamous Blythe Masters) is doing plus other stuff. all free. Reviews the COTS. He’s been pretty spot on about price activity….
5) http://www.chrismartenson.com/ This started it all for me. Former CEO, scientist started pulling things together and created the CRASH COURSE. It’s free pulls together various
threads for a big picture look at how our world is shaping up…Plus, very spot on economic analysis. Site also is a great resource for “sustainable” living. This site is a “safe haven” of
sorts….supportive and practical.. STRONGLY RECOMMENDED as a basis for what has many of us VERY WORRIED….and reading Zero Hedge every day….I have acted on many recommendations…including yanking nearly all our money out of the banks like Wells Fargo….and I’m still researching TD Bank….nearly everything this man talked about a couple of years ago is unfolding now. Pulled this up on TD Bank ….GreatPonzi.com – Canadian Credit Health Update 2011-09-19
Especially timely…current post…..http://www.chrismartenson.com/blog/worse-2008/67136
6) Last but not least….the big picture of the bigger cycles/forces at work….Ray Merriman, whom I know personally to some degree. His Weekly Preview is free.
Cut out the terminology you don’t understand, you will still get the idea….http://www.mmacycles.com/weekly-preview/mma-comments-for-the-week/
My 2012 book just came last night, so I’ll be deep into it. These cycles are playing out right on schedule….
Also, at KWN, there are a boatload of thinking people of some repute who are really watching the gold, currency etc markets and know we’re in big trouble
The KWN Weekly Metals Wrap available on Saturday AM features Bill Haynes from CMI Gold and Trader Dan. KWN is where all the key people are interviewed–Jim Rickards, James Turk,
Martin Armstrong, Sinclair, etc. etc. The link is the Gold/currency section, but there are sections on other areas of the market as well.
I was so happy to hear another person (Elizabeth) pipe up on the call….I don’t feel so alone. The stuff coming out of the mainstream is really not getting to the nitty-gritty. We are nervous
for good reason…I’ve been following this for several years now. I actually keep wondering if I should just yank my money out. … Marc Faber has talked about being diversified because we don’t know what will happen….25%+ metals; 25% real estate (esp. foreign); 25% cash; 25% equities, although he is getting more negative on them… His ideas on diversification are repeated here from yesterday 12/21 http://www.zerohedge.com/news/mark-faber-i-am-convinced-whole-derivatives-market-will-cease-exist-and-will-go-zero
The overriding sense I have that we’re on the edge…and we’re not going to be an island of safety ultimately.
So, that’s what I fired at the poor guy…
Hey, sorry to be a downer during the holiday season…but, a holiday is just one day…it’s gone and then we’re back to reality.
I’ll toss in one positive…the days are now going to get longer and Spring WILL come…until then, I bask in the grow lights of Aerogardens!
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