Updated 12/24/18 Benchmark value - Sept. 2011 - $51,089.84
To learn more about the stocks that make up the portfolio, use the links in the right hand colum. > > > > > > > > >
Due to attacks and hacks on our website during the 2012 Presidential campaigns the updates on the Portfolio were neglected.
Since the portfolio represents a, buy right and sit tight approach, there was no trading activity to report anyway.
The consensus of the network is – the stock market is not a good place to be invested. Naked short sellers have beaten down the speculative Junior Mining shares. The Stock Market is now a total illusion as a result of the $85 billion the Fed is pumping every month. The contrarian positions have been suffering accordingly. The stronger mining positions have also suffered from the manipulation and fraudulent activity of the corrupt financial institutions.
But hey, it’s business as usual and it’s no surprise.
Through the liquidation of our position with Centurion Gold and conversion to theprivateplacement of Centurion Minerals, our break even is at $.10 .(the Half Share warrants will not be shown in the portfolio performance display)Due to the Quiet Period and delisting the display was showing a total loss on the CGHI position. The position is now 2250 shares of Centurion Minerals Ltd. (CTN.V)
The portfolio now includes 6 ounces of Silver which reduced our cash balance by $181.38. The Symbol (SLV) is only being used to have the price change and value show up in the portfolio display.
We will be converting our cash position to Silver.
We set a new benchmark value - Sept. 2011 - $51,089.84
Previous benchmark value was $35,246.00 March 2006. Original value - $20,000.00 March 2000.
The portfolio has made a Friday market close at over $50,000.00.
TAX EXEMPT DIVIDEND/SPINOFF OF 200 SHARES OF TARM
*** 03/31/11 -- Tara Gold Resources Corp. (PINKSHEETS: TRGD) (FRANKFURT: T8N) is pleased to announce the details regarding the previously announced distribution of one Tara Minerals Corp. common share for every 20 outstanding shares of Tara Gold. The Ex-Dividend Date is May 18, 2011, the Record Date is May 20, 2011, and the Payment Date is May 27, 2011.
*** 12/15/2010 - ONCOLIN THERAPEUTICS
(OTC:OCOL.PK) symbol change to Bering Exploration (BERX.PK)
Oncolin is currently engaged in the business of indentifying, evaluating, developing and acquiring potential natural gas and oil wells while researching new methods of clean and renewable energy production. The company will initially focus on acquiring older fields where it can utilize modern techniques to re-establish or enhance production. Oncolin will continue to oversee its minority ownership in Intertech Bio, a biopharmaceutical company that engages in the discovery, development and commercialization of novel selective anticancer therapies. Additional information about Oncolin can be found on the web at www.oncolinthera.com
*** 08/27/2010 - The Pink Sheet listing for Esperanza Recourses (ESPZF.PK) dipped to $1.25 so we purchased 200 shares. We now would like to replenish our cash to be able to buy more on any corrections.
The big players are seriously reducing their U.S. stock market holdings. GEORGE SOROS (Chairman of Soros Fund Management, LLC) is among the big boys that believe a major market drop is a real threat. We understand our portfolio will take a major beat down along with everything else, but the positions we hold should benefit in the long run. At that point we will liquidate the profits from the contrarian positions (BEARX - RYAIX - RYURX) and increase our other positions.
The over all consensus is; the U.S. stock market is not a safe place to be. Keep that in mind if you're investing or have a 401K.
*** 08/08/2010 - Esperanza Resources EPZ.V is steadily setting higher lows. The trading range is now $1.40 - $1.60. This is exactly what we like to see and reaffirms our belief that this is a good company to add to the "Network Portfolio". The bad part is it looks like we might have missed getting in @ $1.00. We still have a live buy order for 400 shares @ $1.00 but we have added a buy alert @ $1.25. If the alert hits we may just do the purchase. We are going to watch this closely. We don't want it to march away from us. I will still buy up to $1.75.
*** 06/30/2010 - We are currently looking to ad a junior mining position.
This week the Federal Reserveof St. Louis released a report estimating that Americans on average have recovered only 45% of the wealth they lost during the recession and bear market in stocks. The report notes that much of the recovery in ‘overall’ wealth is thanks to the stock market’s recovery to its previous peaks, and thus is concentrated in the holdings of wealthy families. The report concludes that, “Considering the uneven recovery of wealth across households, claims that the financial damage of the crisis and recession has largely been repaired are not justified.”
A recent report from the Pew Research Center reached a similar conclusion. It notes that the average American’s biggest investment is their home with smaller amounts in 401K’s and mutual funds, while the wealthy have a large percentage of their net worth in stocks and other financial holdings. And the S&P 500 has grown in value by 148% since its low in 2009, while in spite of the improvement in home prices of the last year or so, home prices are still down 28% from their previous peaks.
Real estate tracking service Zillow reported last week that 25.4% of U.S. home-owners with a mortgage are still ‘underwater’ on their mortgages. That’s five years into the recovery from the 2008 financial meltdown, and on top of the millions who outright lost their homes to foreclosure or already sold at large losses.
But news is not bad for everyone.
This week the Federal Deposit Insurance Corp (FDIC) reported that U.S. banks posted an all-time record $40.3 billion profit for the first three months of this year. The results topped the previous record set in 2007, prior to the 2008 financial meltdown.
So, the folks that brought on the financial crisis in the first place, and had to be bailed out by tax-payers, have not seen their profits merely recover to some degree, but are making record profits, while according the Fed report Americans on average have recovered only 45% of the wealth they lost, and according to Zillow 25.4% of home-owners with a mortgage are still ‘underwater’.
However, there is something even more disturbing.
We were promised financial reforms that would curb the greed of those controlling the nation’s finances, regulations that would prevent such massive abuse from recurring in the future.
How is that working out?
Over protests from Wall Street, and considerable lobbying that resulted in watering down its requirements, the Dodd-Frank financial reforms bill, originally proposed in June, 2009, was finally signed into law in July, 2010. Almost three years later it has still not been fully implemented.
And now both Democrats and Republicans seem to be siding with Wall Street’s lobbyists in efforts to roll back still more parts of the regulations.
The latest move in that direction is House Rule 1062, the ‘SEC Regulatory Accountability Act’, passed two weeks ago by a 235-161 vote in the House, and now moved along for consideration by the Senate.
It is aimed at forcing the Securities & Exchange Commission (SEC) to be even more friendly toward the industry it regulates than it already is. Among its requirements are that the SEC will have to take the costs to Wall Street firms and banks into consideration when placing rules and restrictions on them, and if they don’t take Wall Street’s suggested versions of rules, to explain why they did not.
Wall Street firms and their lobbyists who worked hard to water down the regulations and rules already imposed, are now working to make it difficult to implement the rest of the Dodd-Frank reforms.
The promised regulations were supposed to protect those who were abused by the previous lack of regulations, and have yet to recover from their losses.
Those working to roll back and soften the new rules, say they are too harsh and will prevent Wall Street firms and the nation’s large banks from regaining their footing.
Did I mention that the Federal Deposit Insurance Corp (FDIC) reported this week that U.S. banks posted an all-time record $40.3 billion profit for the first three months of this year, topping the previous record set in 2007, prior to the 2008 financial meltdown.
However, investors and the public, who were so up in arms immediately after the financial meltdown, loudly demanding of Washington and the regulators that something be done, no longer care.
The long historical pattern after previous meltdowns, most recently the 1987 crash and the 2000-2002 market plunge, is that the abused public is immediately angry and not going to take it anymore, demanding reforms. But all Wall Street has to do is stall and bide its time. Once recovery is underway and investor and consumer confidence is rising, the former anger and demands for reform are forgotten, and soon enough the rules can be rolled back - remember the repeal of the ‘uptick rule’ and the Glass-Steagall Act - and no one cares.
History is repeating. Wake up America and pay attention!
Join Dr. Chris Martenson as he explains the three E's of the economy, energy, and the environment and how they are interrelated in this condensed version of his three hour Crash Course. As Chris often reminds us in the Crash Course, "The next twenty years are going to be completely unlike the last twenty years."
It is obvious the bankster's, the elite, and governments have declared war on the working class people of the World.
The economic reality that is impacting the entire world has everyone falling back to regroup.
People trying to get out of debt are now just struggling to not create more personal debt.
People that were investing for retirement are now just trying to save for emergency situations.
People who were trying to save extra cash are now desperate to break even after paying bills.
What are we to do?
The people that need to save the most have the least to save from.
One thing that does not change is the fact that it is absolutely necessary to save some money.( Preferably 10% of what ever comes your way, more if at all possible.)
The other thing that does not change is, put your savings where it will increase in value over time.
Investments including Stocks, Bonds and even Treasuries can no longer guaranty a return of the money invested let alone provide any growth of your capital invested.
The stock market is too volatile and way too risky.
Bank accounts and savings accounts do not pay enough interest to keep up with inflation and the loss of the value of whatever currency your trying to save. In fact the banksters want to charge to hold your savings for you. Deposits are now considered the Banks capital. If they need to keep the deposits to save the bank, they can now legally do that.
You can buy precious metals, Gold and Silver. Hold the physical metal if you have a way to safely do that.
The only thing left is commodities or essential items of need.
How can the average person invest in commodities?
Surprisingly enough the best thing to do is also now the most simple.
Buy canned food and long-term storable food.
Canned food should be stored in a dry cool environment if possible.
Packages of dry goods can be stored bug free in plastic laundry detergent buckets.
Don't get me wrong, I am not predicting food shortages, only pointing out a sure, safe and easy way to save and grow value.
Take advantage of the two absolutes presently taking place.
1. Food is getting more expensive to produce.
2. The money we use to purchase it is losing value and will be buying much less in the future.
Every time you go to the market buy some storable food.
If you can, buy one can of vegetables, one can of meat and one can of fruit.
Take it home and store it for future use.
You will be saving money and increasing the value of your savings with very little effort.
Who disagrees that house prices will fall?
Aug. 2007 - Real estate businesses disagree, because they don't make money if buyers do not buy. These businesses have a large financial interest in misleading the public about the foolishness of buying a house now. The NAR has harmed America far more than terrorism did.
Real estate is all about deception. There is no transparent market because bids are never published, unlike the stock market. There should be a law to change that, but the NAR is one of the largest lobbyists in Congress, so don't expect any changes soon.
Buyers' agents get nothing if there is no sale, so they want their clients to buy no matter how bad the deal is, which is the exact opposite of the buyer's best interest. Agents take $100 billion each year in commissions from buyers. Agents claim the seller pays the commission, but always fail to mention that the seller gets that money from the buyer. Think about it: who brings the money to the table - the seller or the buyer? All money comes from buyers. No buyer, no money.
If a stock broker were to charge 6% on the sale of stock, he would quickly go out of business. Real estate brokers don't do much more than stock brokers, so why should you give up nearly two years of your working life earning money to pay a realtor for the few hours they may put into helping you buy or sell a house? 6% of the 30 years it takes to pay off a house is 1.8 years of donating your working time to realtors.
There are good buyer's agents who really believe they are helping the buyer, but they're in denial about their conflict of interests. Author Upton Sinclair had a great explanation for this: "It is difficult to get a man to understand something when his salary depends on his not understanding it."
Mortgage brokers take a percentage of the loan, so they want buyers to take out the biggest loan possible. Even worse - mortgage brokers get paid according to how bad the deal is for the buyer. The worse the deal is (higher interest rate, points, fees, etc) the more the mortgage broker gets!
Banks got origination fees and then sold most mortgages, so they did not care about the bankruptcy of borrowers. They would lend way beyond what buyers could afford because they thought they risked nothing if the buyer were to default. Banks sold most loans to the government agencies Fannie Mae or Freddie Mac. The conversion of low-quality housing debt into "high" quality Fannie Mae debt with the implicit backing of the federal government was the main support for the housing bubble. That is ending as Fannie Mae shrinks.
The other way for banks to dump the risk of loan default has been the Wall Street market for mortgage-backed securities. Now that mass foreclosures have eliminated the loan-resale market, banks are under pressure to increase loan quality.
Appraisers are hired by mortgage brokers and banks, so they are going to give the appraisals that mortgage brokers and banks want to see, not the truth. Appraisers that kill a deal by telling the truth do not get called back to do other appraisals.
Newspapers earn money from advertising placed by realtors, lenders, and mortgage brokers, so papers are pressured by that money to publish the real estate industry's unrealistic forecasts. Worse, realtors have a near-monopoly on sale price information, and newspaper reporters never ask realtors hard questions like "how do we know you're not lying about those prices?" The result is an endless stream of stories reporting that the National Association of Realtors (NAR) says it's a good time to buy. Asking the NAR about housing is like walking into a used car dealership and asking the salesman if today would be a good day to buy a car.
Owners themselves do not want to believe they are going to lose huge amounts of money.