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.
CENTURION MINERALS LTD. (CTN.V)
From CENTURION GOLD HLDGS
(Other OTC: CGHI.PK)
Through the liquidation of our position with Centurion Gold and conversion to the private placement 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.
Esperanza Resources EPZ.V I was looking for Silver and found Gold. We would like to buy @ $1.00 or below.
*** On 05/21/2010 we added 100 shares of GDXJ @25.00 reducing our cash position by $2,500.00.
*** On 05/20/2010 we sold 10 shares of AAUKY.PK @ $17.10. We purchased @ $22.08. Our loss was $49.79
Our reason for selling was to cut our losses.
*** On 05/19/10 we sold 10 shares of BHP @ $63.02. We purchased @ $35.00. Our profit was $280.00.
Our reason for selling was to prevent losses. We added $630.20 to our cash holdings.
*** On 05/06/10 we sold 170 shares of PSAFX @ $12.12 We Purchased @ 11.86 Our profit was $44.20
Our reason for selling was to prevent losses. That transaction added $2060 to our cash holdings.
With everything so manipulated, market predictability is impossible. Seems like we are due for a Bond market collapse.
In the past we have always announced ahead of the actual transactions what we were about to do. Do to extreme volatility that is not always possible.
We structured this portfolio to benefit from a deteriorating market and economy but the only way to deal with the volatility we are experiencing now is to be nimble and act quickly.
We are now looking for a dip to add to our GDXJ position.
We would also like to liquidate our two commodity positions (AAUKY.PK & BHP) then buy back into them at a later date.
Up | Down | Top | Bottom
Too Big to Fail Banks Certainly Have Not
Fair warning – the following may make you sick.
This week the Federal Reserve of 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!
|*** FEDERATED PRUDENT BEAR FUND A (NYSE: BEARX)
*** CALEDONIA MINING CP
(OTC BB: CALVF.OB)
*** CENTURION MINERALS LTD. (CTN.V)
*** DRAKE GOLD RESOURCES
(Other OTC: DKGR.PK)
*** DRDGOLD Limited
*** ESPERANZA RESOURCES CORP Other OTC: (ESPZF.PK)
*** Market Vectors Junior Gold Mine
*** Goldcorp Incorporated Common St
*** GOLDEN EAGLE INTL
(OTC BB: MYNG.OB)
*** BERING EXPLORATION (OTC: BERX.PK) Change from
(Other OTC: OCOL.PK) No Link
*** Royal Gold, Inc.
*** RYDEX SERIE FDS, INVERSE NASDA
*** RYDEX SERIES FDS, INVERSE S&P 500 (NYSE: RYURX)
*** SILVERADO GOLD MINES
(OTC BB: SLGLF.OB)
*** TARA GOLD RESOURCES
(Other OTC: TRGD.PK)
*** TARA MINERALS CORP.
(OTC BB: TARM.OB)
*** TURNER VALLEY OILGAS
(Other OTC: TVOG.PK)
CRASH COURSE CLICK HERE.
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."
38 minute condensed version click here.