"HSL...your safe haven currency"
Dear family, What’s the “reason”
Big
Picture
for this seemingly random
monetary mess that multiplies its momentum every
day? The answer in one word: control. The elite/insiders/
Illuminati already had mega-control of much of the financial system, but they wanted more. Much more!
And it was/is not random. It was/is planned. They
want to cut down those who didn’t wish to play their insider game (eg, Bear Stearns). They also want to reduce
the world’s non-elite millionaires by about 80% (that includes many of U, dear readers). And smash the middle
class. They want the Amero to replace the US$ if they
can pull it off. They want the US Fed (a private company,
not part of govt!) to control all financial levers. They want
new regulations that will sound like bringing stability, but
will, in fact, hand them the keys to the vault.
Will their Master Race plan succeed? So far, yes. But
it may spin out of their control, due partly to derivatives,
which are without a market & are non-transparent
(thanks to cover-up-Greenspan, their wicked poodle). And
also, due to the mercury-like momentum that builds with
any imploding or exploding system. •• Bob Chapman
(international_forecaster@yahoo.com) thinks that public
pain may
cause a
firestorm
backlash,
even
a
revolution.
He warns
the Illuminati
to
prepare
for
the
gallows. Says the “media morons will be tarred & feathered.” Strong talk, but these are unprecedented times-unless U go back to 1719 (which is justified IMO) for a
similar situation. Study this history of John Law, the
Frenchman who created the greatest boom ever, which
gave way to the greatest bust ever. (see FinancialTimes
3/7/08: How the French invented subprime in 1719).
The similarities are incredible, uncanny. It almost destroyed the country; set it back 80yrs,
80yrs which gave England the financial edge (a la China today?).
The Illuminati have studied John Law, are destroying
the old system to make room for a new one they will control totally, from the US (where they own the politicians),
but with powerful Euro bank links. BC says “all major
banks will probably go under.” •••• Lawsuits by the
thousands are underway (not publicized; a press blackout!) against banks, insurers, lenders, etc, & may prove to
be landmines the elite won’t be able to side-step though
some suits will help their evil cause. There’s a price to
pay for being a grotesquely litigious society. Lawyers will
“ HSL-HSL-—the Newsletter
with a Global
Conscience.”
HSL 665 - 27 APR 08
HSL
“Newsletter of the Year 2005”
------- Market Watch
The Original
International Newsletter
HSL
THE UNITED
STATES OF HSLM
AMBASSADORS
Harry Schultz Life Strategies
• Financial • Health • Geopolitical • Philosophical • Life Tactics
AKA: HSL, &/or The International Harry Schultz Letter
~ For THINKING humanoids ~ (in 71 nations)
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HSL 665 April 27, 2008 - DJIA 12,892
© Copyright F.E.R.C.
thrive as never before.
IN THIS ISSUE :
How will all the above manifest itself in your life? Answer: 1984 Now …………………... 6
Goslin (Advisor friend) 4
All U own will Shrink. That one Chick
Closed-out stock positions 10
word covers the future. Your in- Email (Victory over) ……… 7
come, assets, net worth, will French (The) ……………….. 6
shrink year after year (in real Future shock ………………. 4
terms, inflation adjusted, possi- Futures (Back to the) …... 11
bly also nominally). Likewise, Gold …………………………. 7
the assets of all banks, insurers, Health ……………………….. 6
lenders, hedge & mutual funds HSL investment box ……... 9
will shrink along with biz in gen- HSL Jr (U'll miss a) ……….. 2
eral. $40bil banks will shrink to HSL masthead …………….. 3
$50mil. Shrink for how long? A HSL model portfolio ……..10
long time! The very wise Ms. HSL services box ………... 5
(Mkt predictor) …...11
Camela Chan at JP Morgan put HSL-P
Liechtenstein (High tax rates) 2
the cat among the pigeons (by Neocons ……………………. 3
fluke, IMO) on CNBC (4/14-15) Nutshell (Actions to take) 11
when a young girl interviewer Off the cuff …………………. 8
asked her: “how long will this Olympics …………………… 3
credit crisis last?” The girl ex- Open stock positions ……. 9
pected the standard answer of- Perceptions (How fast) ….. 7
the-day, ie, 6-12months. But the Potpourri ………………….. 12
answer was: “10
10 years.”
years The Recommendations (New) 10
poor girl almost fainted, could- Russia ………………………. 4
n’t think of a response. But Taxes ……………………….. 4
Camela is correct. And 10yrs is Tidbits ………………………. 8
…………………………. 5
only to the bottom after which Trek
Uncle's notes …………….. 12
another 10yrs will be needed to US politics …………………. 5
rebuild balance sheets & confi- World Index chart ………… 6
dence. That’s supported by World mkts analysis ……... 8
good friend Hugh Hendry, Eclectica Asset Mgt, UK, who says “financial stocks have
taken such a pounding from the subprime mortgage
meltdown it could take up to 25 years before they could
recover to their pre credit-crisis levels.”
U & I can’t avoid shrinkage but we can try to structure
ourselves to shrink less,
less so that relative to the herd, we
largely hold our position. This involves fleet-footed currency, metals & govt bond positions, plus moving out of hirisk banks, countries, etc. It will, over 10yrs, involve moving in&out of investments, as price action will be very dramatic. Buy&hold will not work in any area, including gold.
Everyone (!) thinks China will be our economic savior.
I’m doubting the Chinastory now. Its stock mkt “Freedom was given to humanity by
has crashed 46% with God. But, govts, if they can help it,
never give freedom. They just hand
no awareness in the
West. But the mood has out slavery with slogans.” Caldwell
... The Letter for Millionaires — current & prospective (& former) ...
1
HSL HARRY SCHULTZ LIFE STRATEGIES
BY PRIVATE SUBSCRIPTION ONLY
changed in China. Their investors are swimming in red
(communist) ink. Economies follow stk mkts, in due
course. Japan’s stk mkt is an ongoing disaster, yr after
yr, in a deflationary recession. Graham Dyer’s newsletter
(www.depression2007.com) reckons 1990 may have
been the start of a world depression with Japan the firstone-in & to be the first-one-out, in the distant future. Yen
the best currency, says GD.
If China unravels (or just shrinks, reflecting worldtrade
reduction), all commodity prices will stop rising, overnight. GD says the mood has changed & mkts move with
moods not fundamentals. George Soros agrees. Housing
bubbles are now bursting
bursting around the world with some
forecasts of 50-80% drops ahead. Ireland & Spain the
worst; Oz, in denial, coming soon. India? Its mkt has
dropped 25%. GD reminds us that the world has seen 75
yrs of growth, from 1932, & “it’s over now.” That fits my
Shrink theme. 800800-year commodity charts look like starting a down cycle, 1260-2008. CNBC & Bloomberg will
evolve into sport/fashion channels. ☺ Stk mkts will revert
to being unloved, as in past downcycles, for a decade or
two. Maria Bartiromo & Bob Pisani will job hunt.
Most of us have been expecting the current stagflation
to intermingle with simultaneous heavy inflation. But
there are growing signs that deflation is very possibly the
stronger force, which feeds on falling housing, corp profits, stocks, bankruptcies, wages, defaults, & disappearing
credit. If China slides, that’s deflation all by itself. Increasing money supply has perhaps not been enough, in real
terms. Inflation spikes have been weaker since 1940;
1970 being the last weaker spike. I’ll be watching this
like a chicken hawk for U & myself. The flip,
flip from in- to
de-, if it comes, could be overnight in some key advance
notice areas. Meantime, listen for mood swings & tell me
what U hear. Many ears are better than 2 ☺.
PS: FT pg 1 headline 3/26: Hoarding by banks stokes
fear on crisis
crisis. Banks are not lending; fear loans won’t be
repaid & are hoarding cash as may need it themselves for
balance sheets. •••• Iceland raises int.rates to 15%.
Peek at future? •••• Moody’s has warned it may downgrade US govt bonds, notes, bills. That would force interest rates higher even if Fed lowers rates. But, will Moody’s
be allowed to be honest? I doubt it. Unless the Illuminati
want to destroy the US bond mkt? •••• The 1998
merger that created Citigroup was a mistake, says exchief. Reed unsure if the model or management were to
blame, but it turned out to be a “sad story.” Citi’s shares
lost over ½ their value in past year. As U know, I say most
mergers are bad news for the public, benefit only fatcat
directors & CEO’s with stock options. Big is bad, as a rule.
Who’s next to split or fall? HSBC, B of A? Merrill? All big
banks have taken writedown hits, all overexpanded. Stock
buybacks are also super stupid, as corps now scramble to
raise cash they gave away via buybacks. All these things
I’ve attacked for years are being validated. ••••
Cambridge University says a global banking crisis would
kill tens of thousands from heart attacks brought on by
stress (of loss) & anxiety. IMO, dear reader, U can reduce
this health/financial stress if U follow 3 basic rules: exit
the US$, hold half assets in gold, half in 2-yr Swiss govt
bonds. Are there rules forever? Nothing is, but they’ll do
for the foreseeable future. •••• FT columnist Tony
Jackson found a great label for the monetary mess that
ties in with my Shrink theme. He says: brace yourself for
2
the Great Unwind.
Unwind. He says “most of world’s fund mgrs
(says Merrill) think stocks are cheap & bonds are expensive. They could have that the wrong way round.” I agree.
••• I leave U with a smile, which sums up the global
financial situation in 3 words: “There goes gravity!” ☺
lot if U forget to download HSL Jr
U’ll
miss
a
on June 1, via the Net. No charge.
Here’s how: The same password is usable for both Sr &
Jr. ••• Go to our website. 1) In your on-line browser, type
in: www.hsletter.com 2) Click on Subscribers Only button
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Jr.
Jr If this is not clear—please fax or email us. •••If U are
traveling & miss an HSL Jr, check the Archives. Happy
reading! PS: U can/should still access the Mar 30 Jr.
guilty-not Liechtenstein
High
tax
rates
(press release 2/08 IILA)
“This multi-govt/media attack on bank secrecy in general
& Liechtenstein in particular is wrongly targeted” says
Int’l Investment Letter Asso. chairman Harry Schultz. “It
is not so-called tax havens that are at fault, but taxes
themselves. We should be debating the legitimacy & excessive levels of taxes, not faulting the countries who try
to provide freedom from big brother govt surveillance &
heavy tax burdens that support socialist structures—most
of whose functions can be privatized at far less cost.
“Congressman Ron Paul, candidate for US president,
is showing the way. He wants to close down the Fed &
the tax dept, & 140 global US military bases. That would
make taxes unnecessary, except for modest on-shore
self-defence needs. The principle applies to every nation.
••• “The stupidity of the press/govt attacks on low tax
or no tax nations is that if the OECD elite succeed in disembowelling them, the money will leave Europe & go to
HongKong, Singapore, Dubai, Uruguay & 15 other places.
“Trouble-maker Chancellor Angela Merkel‘s stormtroopers raiding 1,400 homes is punishing the biz men
who provide funds for her govt & keep the German economy running. Chase them away at your peril, Angela!
Many govts have wickedly blurred the line between tax
avoidance & tax evasion, citing all as evasion--guilty regardless. This needs redressing. ••• Also, govts who
encourage & bribe thieves, & traffic in stolen goods (as
with Germany/UK & Liechtenstein) are trying to justify it
in pursuit of too-high tax rates. Yet if citizens bribe & buy
stolen goods they’re punished. Prince Alois said Germany ‘put fiscal interests above the law of the land.’
“The Swiss Banking Asso said German intelligence svc
used Gestapo (Nazi) methods against their own citizens.
Alois said ‘If Germany had a more fair tax system, its citizens would not cheat.’ That’s an int’l truth.
truth ••• 3cheers
for Canada who refused to deal in stolen names of L.
bank clients. A govt can’t demand a standard of behaviour from citizens that it doesn’t practice itself. An irresponsible Irish financeman said he would welcome list
sellers. Hypocrisy, 2-standards, theirs & ours. ••• The
US existed in prosperity for its first 137years with a tax
rate between 0 & 1%. What went wrong? Political lust
for control/power/socialism.”
Peter Hahn, Corporate Finance & Governance, London, says (FT, 2/26) “The state that justifies its immoral
... “Decriminalize & tax drugs to reduce street crime & reduce govt violation of individual privacy & rights.” H.D.Schultz …
HSL 665 - 27 APR 08
HSL HARRY SCHULTZ LIFE STRATEGIES
BY PRIVATE SUBSCRIPTION ONLY
behaviour in pursuit of taxes is a state that can too easily
justify spying on its own people for any disagreeable {eg,
dissent} behaviour. This is governance at its worst’.”
Alex Ciravegna, NewCollegeCapital, London rightly
says (FT 3/11/08) “FT claims tax evasion is a crime. In
many nations it is not, some of whom have been democracies far longer than the UK or US. They believe bank
secrecy is an important freedom that should be protected, making it a crime to breach bank secrecy. The
right to financial privacy is as important as the right to
privacy in our homes, bedrooms, or medical records.”
More important than the names of
Neocons
people affiliated with neoconservatism are the views they adhere to. Here’s a
summary of the general understanding of what US neocons believe: They agree with Trotsky on permanent
revolution, violent as well as intellectual. ••They are for
redrawing the map of the Middle East & are willing to
use force to do so. ••They believe in preemptive war to
achieve desired ends. ••They accept the notion that the
ends justify the means ­ that hard-ball politics is a moral
necessity. ••They express no opposition to the welfare
state. ••They are not bashful about an American empire; instead they strongly endorse it. They believe lying
is necessary for the state to survive. ••They believe a
powerful federal govt is a benefit. ••They believe pertinent facts about how society should be run can only be
held by the elite & withheld from those who do not have
the courage to deal with it. ••They believe neutrality in
foreign affairs is ill-advised. ••They hold Leo Strauss in
high esteem. ••They believe imperialism, if progressive
in nature, is appropriate.
••Using American might to force American ideals on
others is acceptable. Force should not be limited to the
defense of the US. ••9-11 resulted from the lack of foreign entanglements, not from too many. ••They dislike
& despise libertarians (therefore, the same applies to all
strict constitutionalists). ••They endorse attacks on civil
liberties, such as those found in the Patriot Act, as being
necessary. ••They unconditionally support Israel & have
a close alliance with the Likud Party. ­anon. I leave it to
U, dear reader, to pass judgement.
overshoot We all know the arguOlympics
ments about don’t mix athletics
with politics. That was then. This is now. Times change.
China has crossed the threshold of acceptable humanoid
behaviour & we have a golden, perhaps last chance before it’s too late, to stop massive Chinese govt immorality. China has broken too many rules/standards. It’s not
just Tibet (where China now forbids tourists to go, the
only Tibet income). More importantly it’s Darfur, where
China buys oil & ignores int’l pleas to pressure Sudan’s
criminal govt’s racist campaign to wipe out the black
race. Then there’s Taiwan, which China refuses to allow
independence. Now, China was just caught sending arms
to the Hitler clone, Mugabe, in Zimbabwe. China also has
Internet censorship, no free press or human rights for
Chinese citizens. It pollutes the atmosphere, affecting
the world. As the NYT/IHT says: “China doesn’t have a
public relations problem. It has a human rights problem.”
There is already politics in everything--trade, foreign
aid, the UN, treaties, films, etc. Sports don’t deserve a
HSL 665 - 27 APR 08
free pass & have proven unworthy of one through cheating at every level. •••• It’s hard to ever get China in a
corner--to do the right thing. Worse case--Darfur. We
have an opportunity now to put China in a corner she
can’t escape! We must boycott the Olympics & stop buying Chinese goods! Yes, China can sell US bonds, but
they already sold $400mil last week. And they shrink
their $’s value if they oversell. Our economic buying
power is as great as China’s low-price power. For once,
let us do the right thing & force China to do the same.
China’s governor for Tibet said “We will show no
mercy to protestors.” China is not a country. It’s an anticountry. We must stop buying Chinese goods til they feel
the pain & grow up. I’ve lived in China; they don’t understand Western mentality! Proof of that is their attempt to
hire a PR firm to sell their story. But they understand
force. Mao said “political power comes out of the barrel
of a gun.” It also comes from economics. Tis time we
taught them a non-violent lesson, for the good of all mankind. Even a 20% boycott will inflict pain & spank the
very naughty child. Do your boycott-bit, & pass this on.
PS: Some now propose the Olympics be discontinued.
They’ve lost public trust, thanks to steroids, bribes, fraud,
adv, meaningless records, returned medals. Games could
still take place on a different level, in individual separated
sports & places. See IHT 4/16/08 re Stop the Olympics.
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• Editor Emeritus: Chevalier Harry D. Schultz, KHC, KM, KCPR, KCSA, KCSS.
• Mkt analyst: John McMillan. Spinner royalty recipient: Paul Griffiths.
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• Harry Schultz is also: Founder, Int’l Investment Letter Assoc - 25 year-mbr, Nat’l
Press Club, Washington DC - Advisory Board, Nat’l Taxpayers Union, WashDC Charter mbr, Nat’l Assoc of Investment Advisory Publishers - mbr, Economic
Research Council, London - Advisory Board, Nat’l Comm Monetary Reform - mbr Free
Market Foundation, Joburg , S.A. - mbr Adam Smith Club, London -Life Patron,
Freedom Assoc, London - Listed in Guinness Book of Records as world's highest paid
investment consultant 1981-2003
... “All governments, of course, are against liberty.” H.L.Mencken ...
3
HSL HARRY SCHULTZ LIFE STRATEGIES
BY PRIVATE SUBSCRIPTION ONLY
China, SriLanka & Spain oppose Kosovo
recognition. Why? Not because it doesn’t
deserve nationhood. But because they fear a similar demand from independence-minded groups in small corners of their own nations. This is pathetic powerhoarding. Just as Pres. Lincoln didn’t want the South to
secede—so he let 618K citizens die for such a nonsense
policy. By the way, if there were a UN in the 1700’s, the
UK would have voted against recognition of its upstart
colony, America. Politicians are hooked on power; will
never give any away, not to a group or an individual.
Russia,
Friend Marshall Langer recently reviewed
Taxes
his life of over 50 years in the offshore
world, in a paper he gave to the Asia Offshore Asso in
HoChiMinh City, Vietnam. It’s of interest to all of us. He
said: “I’ve been involved in the offshore world since the
early 1950’s. It was a comparatively simple world in the
early days. There were corporations, partnerships, trusts
& exotic Liechtenstein entities--the anstalt & the stiftung-used almost exclusively by wealthy Europeans. There
were no CFC (controlled foreign corp) rules. Tax treaties
were still in their infancy; there were not many, & no
meaningful restrictions on using them. There were a few
places like the Bahamas, Bermuda, Liechtenstein, Luxembourg, Panama & Switzerland serving the market.
It was acceptable to call these places tax havens. Most
of U now call them offshore financial centers. I still call
them tax havens, as the biggest ones are onshore, not offshore. Some of the nations whose politicians complain
the most about tax havens are in fact themselves significant tax havens. No one is surprised when I tell them the
most important tax haven in the world is an island. But,
they’re surprised, when I tell them the island is Manhattan. Also, the world’s 2nd most important tax haven is located on an island; it’s in London. But, here’s a big problem. The US is a tax haven only for foreigners who invest
in the US. Most of its best tax haven attributes don’t work
if U are either a US citizen or US resident. And, Britain is a
tax haven for many of those who move there from abroad,
but not for those whose domicile of origin is the UK.
US tax haven attributes: A US citizen or resident receiving interest from a bank deposit must pay federal
income tax of up to 35% on that income. In most cases,
he also pays state income taxes on that income, increasing the rate to 40% or more. Interest paid him is reported to the IRS annually by every US bank. But a nonresident alien individual or foreign corp pays no US income tax on US bank deposit interest. Except for residents of Canada, interest paid is not reported to the IRS,
so the interest is obviously not reported to other nations
under US tax treaties or tax info exchange agreements
(TIEAs). Interest on US bank deposits held by foreign persons has been effectively exempt from US income tax
since 1921. The bank deposit itself is also exempt from
US federal death tax. Even though the account is not taxable, each deposit in an insured US bank is insured up to
$100,000 by the Federal Deposit Insurance Corp.
The US wants every nation to give it tax info, but US
law does not permit the IRS to give any tax info to a foreign country unless that country has either a tax treaty or
a TIEA with the US. The European Savings Tax Directive
was not supposed to take effect til Switzerland, the US &
a few others agreed to participate. Switzerland & the oth4
ers have done so, but the US has not yet finalized rules
under which it would obtain such info & give it to EU nations. Rules allowing it were proposed in final days of Bill
Clinton’s term. They’ve languished under GW Bush admin
for fear a large part of an estimated $3.5 trillion of foreignheld US bank deposits would flee the US if the rules were
put into effect. That position may be reversed if Hillary
Clinton or Barack Obama becomes president in Jan 2009.
….Part 2 of Langer’s paper will appear in next HSL.
Langer recently moved back to Florida after living in Switzerland & UK for 22 years. He is counsel to Shutts & Bowen, Miami, & author of several books on int’l taxation.
Please send your comments to marshall@mjlanger.com
Chick Goslin, who writes a
Advisor
friend
daily mkt advisory via the
Net, has told his clients he will probably shut down the
service. The huge time it takes to analyse & write it in
these intense, fast moving & troubled mkt times makes it
impossible to properly trade his own portfolio & manage
assets. I have a similar problem. Ivory Tower advisors who
are not active daily in mkts may have time to spare, but
I’ve been active daily in mkts for most of the last 42yrs,
managing the HSL portfolio & my own. And that, dear
reader, demands increasingly more time. With banks,
brokers & lenders crashing/writedowns or closing, time
demands have increased 10-fold. I’m not going to stop
writing HSL, like Chick, but I must find time somewhere.
One option is that I will from now stop accepting any new
private consultations, at least for the foreseeable future.
They swallow hours in preparations, qualifying, payment
& fulfilment. Another time saver is to stop replying to
mail, beyond clarifications. I’ll try to make HSL sufficient
without consultations/mail. Thanks, if U understand.
This is our DeepThroat Dept
Future
Shock
of leaked info that we can’t
verify, but which often proves as accurate as was Water-
gate. Yet at times is dead wrong.
wrong 1. Russian troops will
sweep thru Kosovo & to the edges of Western Europe.
Aug/Sept/08. WWIII risk? 2. DeepThroat told me oil
would go to 115-117 when oil was 90. 3. Insiders plan
to shut down the Internet. Don’t say they won’t/can’t do
it; after they do, where will U complain? It will undermine all economies. Laws already written for after the
event, as per 9/11. U should plan fax/private courier
backup, just in case.
4. A great “war” is about to break out, invisible to all,
via telecommunications. Disruptions to email, tel, cells, to
be common. No one will suspect a war has started. 5. A
mega “event” will be staged to make GW look good, financed by a certain Illuminati company. 6. A 9.0 earthquake will hit a corner of Europe in 08; mega fatalities. 7.
This item from controversial/bit racist halturnershow.com:
US Congress “closed session” on 3/14. House warned of
imminent collapse of US economy by Sept 08. Collapse
of fed govt finances by Feb 09 (no govt checks?). Possible US civil war as result of these collapses. Safe facilities
for Congress in event civil unrest. “Necessary” merger of
US/Canada/Mexico. Amero the new currency as solution to economic Armageddon. Detention of insurgent
US citizens who move against govt. Congress forbidden
to reveal this info. Hal must have his own DeepThroat
source. 8. KPMG may be the next Arthur Anderson.
...“Silence (when freedom is threatened) is not golden; it is yellow.” Tom Anderson...
HSL 665 - 27 APR 08
BY PRIVATE SUBSCRIPTION ONLY
HSL HARRY SCHULTZ LIFE STRATEGIES
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(€457), 9-mos $855 (€667) & 12-mos $1,110 (€866). By fax add
$120 (€94) per 3-months. By mail only $250 (€195) per 3-mos. U
can subscribe on-line at www.hsletter.com (click on ‘Gold charts R
Us’), or subscribe via fax or mail (see page 3 masthead for contact details). Note: Special GCRU ‘2-Week Taster’ offer available
to new subscribers only at $45 (€35) via: www.hsletter.com/
GCRUpromo_Special.html (limited time offer). ••(“Newsletters
don’t cost—they pay”). *A $20 deduction applicable on fax rates
noted above for No.American readers only.
We needed a cultural breath of air so went to
Trek
Paris for a long visit. It was exciting to be on
the crowded Champs d'Elysée as the Chinese Olympics
torch was about to appear. Except for pockets of Chinese
students, the crowd was unanimously anxious to let
China know they’re pro-free Tibet & not amused by Chinese pussyfooting in Sudan (Darfur) or supporting the
Burmese regime, etc! U no doubt saw the demonstrations on TV. Paris & London were the world hot spots for
Olympic protests. •••• Revisited The Lido with visitors
Linda & Martin. It’s what one does with visitors in Paris!
It’s still the greatest stage show in the world.
Also zipped to Deauville on the Channel Coast on a
rainy Easter weekend with friends Karen & Scott. Went
to the beach where I ran into Yul Brunner (The King & I)
in the 80’s, & talked about our mutual interests in London. His interest was Bianca Jagger, my next-door
neighbour then. Deauville was jammed & I caught a bad
cold. But it’s a beautiful place, heavily built up since my
last visit. Spotted a 1912 newspaper on a hotel wall; related to war cycles & was eerie vs where we are today.
Will tell U about it another time. •••• Also spent time
in Switzerland. A BBC News report claims the Swiss are
“the happiest people.” It rubbed off on me. ☺ •• The
snow-capped Alps are as beautiful as ever.
These primary contests have
US
Politics
fascinated the US public & the
ROW (rest of world). But half way thru the Pennsylvania
roadshow, the public finally got fed up. Said the IHT:
“Enough already.” (They suggested Hillary drop out as
she can’t win the nomination & more bloodletting is
hurting the party). The system isn’t smart, with quaint
rules in each state. The Democrats are eating their
young, fouling their nest, while the GOP is ending up
with the least popular man in the original list. Eg, columnist Thomas Sowell says: "Senator John McCain
could never convince me to vote for him. Only Hillary
Clinton or Barack Obama can cause me to vote for
McCain." In other words, there is no good choice now,
with some of the best men squeezed out by the insane
HSL 665 - 27 APR 08
cost of running & the clumsily framed, unfair time quotas, unbalanced debates.
What a pity that men of real caliber rarely run for office. Like Jack Welch, ex CEO of GE. But men of quality
don’t run for high office anymore, as they did in the days
of the founding fathers. Power thirst has corrupted the
system. Today the only candidate most agree has both
integrity & unique ideas to make “root canal” changes,
isn’t winning. Why? A study belatedly shows the reason
Ron Paul isn’t among top ratings is “because the mainstream media marginalized him AT THE START as a
‘fringe’ candidate who didn’t have a chance of winning.
That perception without doubt caused many who liked
Paul best, including many of his own constituency, to
vote for their 2nd choice for president.”
IMO, pro-Paul principled people should vote for him
in the remaining contests, regardless! In Pennsylvania
he took 16% of the vote! Huckabee 11%, McCain 73%-which shows McCain’s relative unpopularity. 27% ignored McCain despite his being the destined choice.
The Illuminati-owned press didn’t like Paul’s advocacy
of closing down the (unconstitutional) Fed & the IRS.
••• Author Lew Rockwell says “Cancel the elections!
We don’t need the govt, & certainly not the govt we
have.” I agree, as the only real option (RP) was framed,
blackballed, marginalized, by the media. •••• Many
hope Mitt Romney, who is honourable & financially competent, will be the GOP vice presidential candidate. It
would shore up the wobbly McCain ticket.
Alternatively, what a country-saving shock it would be
if Romney’s delegates voted for Ron Paul at the convention! •• Many people voted for RP, not expecting a win,
but to alter public perspective on critical issues that so
far have not been debated or even mentioned in any of
the feeble debates, except by RP in the 90 seconds they
gave him. •••• CNN Satirist Jon Stewart said
“Republicans hate vast govt power---unless they have it.
The Democrats advocate govt power while praising democracy—which is a contradiction.” ••• Just for the record, the Bill Clinton “surplus” was not a surplus, but a
theft achieved by taking money from the Social Security
trust fund, which is now stuffed with IOU’s. Also, just for
the record, the Bush Iraq “surge” was not successful as
W claims; it only seemed so because El Sadr pulled his
majority militia fighters off the streets. These illusions
are part of the crummy world of politics. ••••
With McCain U get Bush-II, 100yrs in Iraq & bombbomb Iran. With Hillary U get “obliterate Iran” plus Whitewater Bill. With Obama (& Hillary) U get much deeper &
deceptive socialism. Hobson’s choice. No choice. As
Rockwell says: cancel the elections. No one is happy.
Or, as Ronald Reagan, my favourite president, said:
"Politics is supposed to be the second-oldest profession. I have come to realize that it bears a very close
resemblance to the first." ••••Comic Jay Leno says
"Of course, all the presidential candidates seized on the
pope's visit. And people are speculating which presidential candidate is most like the pope. And it's hard to
say. I mean, you got John McCain, he's the oldest candidate, so he is closest to God. Barack Obama is the elitist. He's holier than thou. And, of course, Hillary who is
married to Bill Clinton, & who has forgiven more sin
than Hillary? How do you pick one?"
...“The right most valued by all civilized men is the right to be left alone.” US Supreme Court Justice Louis Brandeis...
5
BY PRIVATE SUBSCRIPTION ONLY
HSL HARRY SCHULTZ LIFE STRATEGIES
loss was via theft, others lost in mail. Govts & banks
don’t trust us & we can’t trust them. ••• Sarkozy proposes 1st ever tax on Internet & mobile phone usage. ••• Chancellor Angela Merkel doesn’t do everything wrong. She rightly called on Putin & Russian parliament to support the Euro Court of Human Rights reforms. We can hope. ••• I’ve often said there are tens
of thousands of conspiracies--political, economic, monetary, etc. To illustrate my point, there is now The Conspiracy Encyclopeedie edited by Thom Burnett (Collins &
Brown, a major publisher. £25)
“There is a war on your freedom.” –Aaron Russo.
•••• In case U didn’t know, “free trade” means NON free
trade. Almost all govt titles & terms mean the opposite of
their intent & true meaning (a la Orwell’s 1984). This applies to titles of most Congressional & Parliamentary bills
as well. Politicians can’t stop spinning. ••• Newsflash:
soon, visitors won't be allowed to leave the US until they
are fingerprinted! This will reduce the number of visitors
& may increase the number of locals to leave sooner.
US neocon coterie conned the
There is so much to say, I’d like to devote 2
The
French
US public into being anti-French
Health
pages to it. I get mad at the medical sociebecause the French wouldn’t play the Cheney neocon
game-plan re Iraq. Such attacks were very unfair--&
wrong. France, Germany & most of Europe were united
& right NOT to invade Iraq. Over the 5yrs since then,
Americans (65%) came to the same opinion. The French
& Europe were not anti-US. They were anti-stupid strategy. The French voted against their OWN govt re the EU
constitution, called it stupid. Now there’s a bitterness between the French govt & the public as Sarkozy refused to
permit a referendum on the new revised constitution
(after being for it before he was elected! Typical poli).
The French public rightly have always distrusted pushy
govts. The US-French difference of opinion was nothing
personal. It’s because they cherish individual freedom as
few others do, & they won’t lie down, roll over & believe,
let alone accept, whatever is proposed.
We don’t have to embellish. The
1984
NOW
facts are clear enough. He who
lives in or sets foot in the USA is their computer captive
forever via increased FBI mega database of ID biometrics (See WashPost 12/22/07 re FBI). Freedom fighter,
author Vernon Coleman comments on these ongoing intrusions into privacy & mistaken identity horrors thus:
“The most scary aspects are: A) the speed at which it’s
happening. B) that only a small number of us seems to
give a damn.” ••• Hslm advises no evidence is needed
to seize your laptop computer (or other elect equip) at
US borders & it may be kept indefinitely. Anything can be
searched including bank statements U carry. Don’t take
anything U don’t want to share. Cooperate with officials;
ask for dated receipt for seized equip & get a badge
number. •••• UK phones are tapped at rate of 1000 a
day, fast becoming a surveillance state says Daily Telegraph. Terrorism is the usual excuse, but we see the Financial Services Authority is also authorized to listen-in,
which raises taxpayer eyebrows.
Carelessness by UK govt has resulted in lost data of
25-30mil people, exposing them to identity theft &
fraud. There were 94 data breaches since Nov, 2/3rd
from govt, rest from private sector--half from banks
(which we already don’t trust for other reasons). Some of
6
ties who decry benefits of diet (to heal & prevent) & vitamin supplements--thru phoney subsidized studies & who
promote surgeries & antibiotics. Mostly this is in US where
public spends more than rest of world altogether on doctors, surgeries, drugs, medicines, but are far down the list
of world nations in health results (longevity, cancer, etc).
And with a govt controlled by pharma (mainly concerned
with profits) who prohibit the use of anything the FDA hasn’t approved--which is in turn controlled by pharma &
medical societies. And an FDA that permits the use of aspartame—which is 1 step from being a poison (originally
promoted by Donald Rumsfeld & he’s still a stockholder),
rammed thru FDA without tests & over objections. Lobbyists have taken over the mechanics of govt.
Of course, we have to use our own brains, because depending on our controllers to do the right thing is certain
death by degree. Eg, we know cancer cells feed on sugar,
yet we eat too much of it (me too!), so we deserve some
blame also. We don’t drink enough pure water. We don’t
eat fresh veggies, nuts, seeds, juice, & little fruits for 80%
of our diet, as we should. We eat red meat instead of
fish/poultry. We don’t get enough vit D, most vital of
them all; can get some from sun, but to be practical,
need D in capsules. We fail to take minimal 1k C daily,
yet we know better. Omega 3 is utterly essential, daily,
but I bet we don’t all do it. Garlic is nature’s antibiotic, via
tablet or fresh, but we don’t take regularly. The secrets
for good health & longlife aren’t secret. We know most of
them. If we lack discipline to use them, shame on us!
Hats off to Johns Hopkins Cancer Clinic for a shocking
newsletter, reversing conventional wisdom (quasiquackery) on chemotherapy (never permit it, IMO). JH leads
the way for the med. establishment to come out of their
inflexible closet. JH recoms supplements/vitamins, damns
aspartame, NutraSweet, Equal, Spoonful. Milk: no, soymilk: yes. Microwave: no, unless use glass containers. I prefer: no. More from JH nextime. •••• Subscribe to Health
Freedom News magazine, edited by friend Scott Tips, a
health freedom fighter. A must read. Latest issue features
aspartame & chronic back pain, etc. Email: contactus@thenhf.com. Fax (1)626.303.0642. www.thenhf.com
“The spirit of resistance to govt is so valuable on occasions that I wish it to be always kept alive.” Tom Jefferson
HSL 665 - 27 APR 08
HSL HARRY SCHULTZ LIFE STRATEGIES
BY PRIVATE SUBSCRIPTION ONLY
perceptions change. Only a couple
months ago the word recession was
avoided like it was a swear-word. Then it was whispered.
Now it’s accepted (by all but W). And as I write this, Sky
TV News announced that if I stay tuned, they’ll tell me
“about the coming depression.” In truth, both were always coming about now, 2008-09. I said so in these
pages in 2004. What changed are not facts, but PP
(Public Perception). U must beware of the hyper-speed of
PP changes. U must not be too certain U are right about
anything in the material world.
How fast
Admittedly, gold comes close to certainty, but even
here, will U stay on board if gold falls from say $1,250 to
500? Will U sell at 500, or will U average down? Will U
know 500 is the bottom? Or will U sell some at $1,200,
not knowing if that is shrewd or wrong? Personally, I’ll
sell & buy back all along the way, forever, the key being
to take profits when I have them (isn’t that the purpose?), and not risk that tomorrow it will drop & start a
$200 correction. But of course, always retaining a
lockup core position that is an anchor, not an investment. Whether that core is 25%, 50% or 75% of your total gold is for your judgment.
But I got off the subject, which is Public Perception in
general. Like today, the TV talking heads (with a gun at
their head or a knife at their back) & their sponsors are
trying to create a PP that: “well, maybe we’ve got a grip
on the credit/bank situation, the stock mkt is rising &
bank stocks are up, so maybe it’s safe to go back in the
water.” (Jaws is patient). Most stk mkt charts look bullish
for a strong, but short tech rally now, which should lure a
lot of Pollyannas back into the water.
tion in Agnico-Eagle & while deciding whether to take the
profit, it dropped to a $7K loss.
That was careless of
me, even though I was preoccupied 24/7 with HSL deadline (which proves another Chick point: that simultaneously writing a mkt advisory & managing your own trading portfolio is difficult or borderline impossible if U are
an active mkt person as Chick & I are).
Chick & I also agree that all mkts have turned too
choppy---dangerous if U nod off or get a tiny bit greedy, or
are complacent (“no rush to decide”). With gold backed
off under $1000, it’s utterly essential to take profits
when U have any, not wait for more. Once over $1000,
that number will turn from resistance to support. But
right now, some of the hedge funds have been selling &
we better listen. Following my own advice in HSL &
GCRU, I hedged my long position with a substantial short
position a few days ago, which is insurance that may return enough profit to make up for my mistake in Agnico.
It’s called “learning” & we’re never too old to. (never end
a sentence with a preposition, unless U R the boss. ☺
PS: in case anyone out there thinks IMF gold sales
(which take years for all members to authorize & complete) ever reaches the open mkt, U would be tricked by
IMF spin. None is sold on the mkt, only to central banks.
Moreover, when U read of any individual CB selling gold,
U should consider it your freedom fighter duty to demand of whatever media report U saw that they find out
& report who BOUGHT the gold. A “sale” is only a halfnews story & thus poor journalism. It is not privileged information, or if it is, then the sale should also be privileged. Don’t let them take U for a fool.
I don’t believe in investment certainties. I’m in for survival, not for super cleverness. Buying & selling & buying
back works! The alternative (buy/hold/hope) is uncertain. U can’t say otherwise! I’ve been trading gold since
1945. Nobody else alive can top that. Don’t be stubborn
or smug. Be as realistic as U can. Compromise. And try
to discern Public Perceptions as they change, but not get
caught up in their net.
Gold
has, as usual, reacted to a US$ rally which
was brought on by central bank (CB) intervention--the US & unrevealed others in the G7. Along with
jawboning. We tracked it on a 5-minute chart on 4/24.
Gold fell sharply at the same moment as $ rose sharply.
It hints that 1 or more insiders knew of the intervention
& sold simultaneously. It’s reminiscent of the same
games all we currency traders played in the 70’s when
the teeter-totter then was the DM (Deutschmark) vs US$.
When DM rose too far, in came 1 or more CB’s, preventing free mkts, interfering with trends‹none of which
worked beyond a few hours/days/4 wks/max 3mos
(usually 2wks), depending how big the intervention &
how many CB’s took part. No govt or elitist believes in
free mkts or free trade.
As we go to press, chart patterns imply the $ rally has
further to go, as does the gold correction (to 850?). See
Back to the Futures section, pg 11, for specific guidelines
on the $ & gold. •••• Mkt advisor Chick Goslin said in
his last issue before shutting up shop: “Concentrate on
taking profits, not maximizing them.” I know about that!
Last week I had a $3700K profit in a small trading posiHSL 665 - 27 APR 08
I want to do U a
Victory
over
Email!
big favour here,
give U control of your day & some extra time! Before
computers & email, we lived in a world of 1 or 2 fixed
postal deliveries a day. We dealt with the mail in our
own time & were in control. Emails have taken us over.
They pour in all day/night & just seeing them pile up
bugs us, & some nag us if we don’t reply quickly. Author
Randall Stross says: advice from time management
specialists is: turn off your mail software & open it just
twice a day,
day replicating the cadence of twice-a-day
postal deliveries, which worked well for 150yrs.
I tried it & like it. Tell friends this is how it’ll be now. If U
are in biz, U may compromise on 3x a day at first but aim
for 2x. U’ll have a relaxed feeling, more control of time &
no e-stress. As to the phone, I tell people “I don’t do telephones.” End of story. They’re a habit, not the necessity we
think they are. They interrupt us, rudely, break your concentration. Mobiles are a danger to use (brain tumor risk);
ok for emergencies. The fax is a friendly form of communication, not interruptive. Emails are a big danger to your
peace of mind & freedom of movement. Take control via
this 2-a-day system & U’ll smile over your victory daily. ☺
... “We have not abolished slavery; we have nationalized it.” Herbert Spencer ...
7
HSL HARRY SCHULTZ LIFE STRATEGIES
BY PRIVATE SUBSCRIPTION ONLY
Stopress:
topress China to meet Dalai
Lama! China turns back ship
with guns for Mugabe. We got to them
them! It proves int’l
pressure at this point, pre-Olympics, is their Achilles’
Heel, as I said earlier. They must buckle now. But how
much? How real? Not much & not very. So, we must
stick to the game plan: China must do something real or
the boycott goes ahead. China has imposed strings to
their Dalai Lama meet; they want him to call off or cool
the protests, after which they’ll meet. They want a payoff
in advance. No deal! No advance payoff; meet now or
forget it! And publicly promise something now, like religious & cultural freedom. Otherwise, China will give no
ground, as with prior talks. Olympic sponsors are saying:
no boycott! Coca-Cola leads that commercial field. China
should prove good intent by getting Sudan to pull troops
out of Darfur, now! Pre-Olympics!
Bottom line: the West can afford a high pressure boycott showdown with China now over all this--human
rights, Darfur, Tibet, press access, net censorship, etc.
China’s guns-to-Mugabe shows ill will. We won’t be able
to afford it in 4 years, when China’s military & economic
buildup is expanded. Economic cost will hurt both sides,
equally, but both sides would gain if change results.
Western leaders were quick to applaud China’s offer of
Tibet talks & if that means they call off the pressure,
then China has won the Chinese Checkers game. We
need to demand quid pro quo, something real.
Off the Cuff
who bank
Dear fellow puppets: Those
on stopping the
current slide to fascism through a liberal US president are
deluding themselves. Any American president is powerful
ONLY when he’s playing with the consent of most of the
ruling class and the institutions they control. Personal
power deflates rapidly when playing against the values &
consensus of the US power elite. A rogue president would
likely suffer a wave of opposition that would literally bring
him down via impeachment or through a coup orchestrated during a state of tumult, created by capital strikes,
agent provocateurs, & the media.
For about 30 years I ran the only onBankstink
going attack on banks. It was called
Bankstink & readers loved it! Most banks have cheated,
overcharged & mis-managed trust funds forever. Also, customer privacy slid badly. But the extent of chicanery grew
into self-robbery in recent times. It became hari kari with
some. Now banks don’t trust each other (“no honour
among thieves”?), so the circle has been completed. ☺ It is
part of the gradual growing immorality in society at large.
The public is not fooled or amused. Editorial headline in
Financial Times: Saving banking from the bankers. Sub
head: the industry’s mea culpa (admitted guilt) may not prevent a backlash. Indeed. In IHT an editorial headed: Bankers
should also feel the pain. An FT columnist 6-col headline:
Why bankers should make penance this Easter. John
Gapper said: “Bankers are human too. They have families
& if U prick them, they probably bleed. But it is justice for
the perpetrators to suffer.” The public said: hear, hear!
Some good will come of this, with luck. Many banks
did not buy subprime, but most took risks that were borderline. And customer relations have been falling for
years. Let’s hope that improves. Mergers were always
bad for clients, as service suffered & heads rolled with8
out good cause in most cases. Etc. etc.
Most banks (not all) have been so disgraced that they
are already behaving better. Let’s make sure they don’t
backslide into Biblical temple moneychanging bad habits.
The Olympic Committee clearly erred in
Tid
bits
awarding the games to China, just as they
did in giving them to Berlin under Hitler, & for the next
show to London instead of Paris. Committees are defective
by their nature. Henrik R. Clausen of Denmark suggested
the games return to Greece, (the origin of the games &
the cradle of democracy) permanently. Not a bad idea.
Though my preference is to stop the joint 1-city games &
hold separate games in different places, which doesn’t
involve building new cities nor accommodating massive
crowds. Either way, the present system isn’t sporting.
WORLD MARKETS ANALYSIS
Note 1: Apply our trailing stop strategy to lock in shorterm profits on all positions. Exit at mkt if trends turn sharply against you. Don’t wait for stop levels
to be hit. 1, 2-day close entry or exit levels should be changed to mkt orders
if intraday run-away action develops. Note 2: Where short selling (S/S) is
not possible, use our guidelines to aid U in determining price levels for simply selling, & our S/S stops as buying levels. TPS= Trailing Profit Stop.
C an ad a :
Pe r
HSL664,
whipsawed for losses in
longs&shorts . Broke
above 5½-month resistance. Buy at mkt &
if dips to 13,790; sell
all at 14,620, &/or
tight trail stop upside.
Sell, or sell short bit
after 2-dc below
13,500; stop: 2-dc over 13,920; cover ½ at 12,780.
SoAmerica:
SoAmerica •Brazil:
Brazil Per HSL664, gamblers bought
at 61,270. Take full profits at mkt ☺. Would-be 5½month reverse H&S base. Re-buy big after 2-dc over
66,250; sell ½ at 70,490, &/or trail stop strength. Sell,
or sell short bit after 2-dc below 61,500; stop: 2-dc over
66,000; cover ½ at 56,100.
Europe:
Belgium:
Europe •Belgium
Belgium Broke above Oct 2007 downtrend line. Gamblers nibble buy at mkt &/or if dips
to 3,800; sell ½ at 4180, & trail stop rest. Sell, or sell
short after 2-dc below 3600; stop: 2-dc over 3800; cover
½ at 3180. •France:
France Per HSL664, gamblers sold short at
4567. Irregular 3-month reverse H&S base. Buy (or cover
shorts) at 5070-stop; sell ½ at 5395, &/or tight trail stop
upside. Sell, or sell short bit after 2-dc below 4770; stop:
2-dc over 5000; cover ½ at 4348. •Germany:
Germany Per
HSL664, traders sold short at 6513. Mini ascending triangle & breakout. Buy (or cover shorts) after 1-dc over 6900;
sell ½ at 7370, & trail stop rest. Sell, or sell short bit after
2-dc below 6600; stop: 2-dc over 6840; cover ½ at
6080. •Italy:
Italy Per HSL664, traders sold short at 24,223.
Poss 3½-month reverse H&S base. Buy (or cover shorts)
after 2-dc over 26,400, sell ½ at 28,650, & trail stop rest.
Sell, or sell short after 2-dc below 24,800; stop: 2-dc over
26,000; cover ½ at 22,500. •London:
London Per HSL664, exited
longs&shorts with loss . Now challenging 3½-month resistance. Gamblers buy bit at 6140-stop; sell ½ at 6490,
&/or trail stop upside. All buy on 2-dc over 6240. Sell, or
gamblers sell short bit on 2-dc below 5900; stop: 2-dc
... “It is dangerous to be right when the government is wrong.” Voltaire ...
HSL 665 - 27 APR 08
HSL HARRY SCHULTZ LIFE STRATEGIES
BY PRIVATE SUBSCRIPTION ONLY
over 6140; cover ½ at 5560. •Netherlands:
Netherlands Per HSL664,
exited longs&shorts with loss . Broke above Oct 2007
downtrend line. Buy at mkt; sell ½ at 502, & trail stop
rest. Sell, or sell short bit after 2-dc below 445; stop: 2-dc
over 464; cover ½ at 405. •Switzerland:
witzerland Per HSL664,
traders sold short at 7050. Buy (or cover shorts) after 1dc over 7700; sell ½ at 8750. Sell, or sell short after 2dc below 7200; stop: 2-dc over 7600; cover ½ at 6425.
Asia/Pac Rim:
Rim: •Australia:
Australia Per HSL664, gamblers
sold short at 5479. Irregular 3½-month base attempt. Buy (or cover shorts) at 5780-stop; sell ½ at 6170,
& trail stop rest. Sell, or sell short bit after 2-dc below
5480; stop: 2-dc over 5712; cover ½ at 5015. •Hong
Kong:
Kong Per HSL664, exited long&shorts with loss .
Broke above 3-month reverse H&S base. Buy at mkt & if
dips to 25,000; sell ½ at 27,700, & trail stop rest. Sell,
or sell short after 2-dc below 23,200; stop: 2-dc over
25,000; cover ½ at
20,230.
• Japan:
Japan
Whipsawed for losses
in long&shorts
.
Broke above Oct
2007 downtrend line.
Buy at mkt &/or if
dips to 13,500; sell ½
at 14,880. Sell, or sell
short bit after 2-dc
below 12,850; stop:
2-dc over 13,500; cover ½ at 11,540. •New Zealand
(NZSX 50): Per HSL664, gamblers sold short at 3600.
Potential 2½-month reverse H&S base. Buy (or cover
shorts) after 1-dc over 3650; sell ½ at 3940, &/or trail
stop strength. Sell, or sell short after 2-dc below 3400;
stop: 2-dc over 3620; cover ½ at 2850. •Singapore:
Singapore Per
HSL664, exited long&shorts with loss . Broke above
Oct 2007 downtrend line. Buy at mkt, sell ½ at 3470, &
trail top rest. Sell, or sell short bit after 2-dc below 2900;
stop; 2-dc over 3100; cover ½ at 2550.
OPEN POSITIONS
Price paid is listed after company name, last closing price in brackets.
S/S = short sale. Take P/P = take partial profits at mkt. M/stop = mental
stop. H/B = hedge below. Non-US stops are 1-day close above/below indicated stop levels.
••AMERICA
AMERICA:
AMERICA Aurizon Mines @ 4.62 (4.43) take P/P at
5.55; stop: 1-dc under 3.90; Capital One Fin’l (S/S) @
79.79 (50.91); stop: 60.10; Cleveland Cliffs @ 114.63
(163.32) take P/P at mkt; stop: 114.63; Compania De
Minas @ 64.21 (63.60) take P/P at 81.40; stop: 1-dc under 57.40; DB Commodity @ 24.69 (38.85); stop: 35.80;
Deutsche Bank (S/S) @ 116.20 (120.35); stop: 124.40;
East West Bancorp (S/S) @ 31.12 (14.60); stop: 20.58;
First Fin’l (S/S) @ 30.23 (23.76); stop: 26.60; Housevalues (S/S) @ 5.30 (2.37); stop: 3.05; Int’l Paper (S/S) @
28.65 (28.17); stop: 31.50; Ishares DJ Cnsmr Svcs (S/S)
@ 65.42 (60.05); stop: 62.80; Ishares DJ Real Estate (S/S)
@ 77.23 (70.98); stop: 72.70; Leggett & Platt (S/S) @
18.05 (17.13) take P/P at 14.60; stop: 18.40; Lindsay
Mfg @ 55.00 (112.05); stop: 77.90; Masco Corp (S/S) @
23.82 (19.17) take P/P at 17.10; stop: 21.60; Nat’l Cinemedia (S/S) @ 23.09 (20.19) take P/P at mkt; stop:
24.40; Pan Amern Silver @ 33.30 (34.78) take P/P at
41.65; stop: 1-dc under 32.30; Petroquest Energy @
17.75 (20.22) take P/P at mkt; stop: 1-dc under 15.90;
Progressive Corp (S/S) @ 20.30 (18.64); stop: 19.20; PruHSL 665 - 27 APR 08
dent Bear Fd @ 6.05 (6.23); mental stop: 6.20; Quicksilver
Res. @ 32.07 (41.47) take P/P at mkt; stop: 29.90; Spdr
Consumer Discretnry (S/S) @ 34.74 (32.36) take P/P at
29.10; stop: 33.70; StreetTracks Gold Shs ETF @ 68.18
(87.27); stop: 84.60; Suntrust Bks (S/S) @ 70.11 (55.27);
stop: 63.40; Winnebago (S/S) @ 17.15 (14.37) take P/P
at mkt; stop: 19.20. ••AUSTRALIA
AUSTRALIA:
AUSTRALIA Mount Gibson Iron @
3.26 (2.80) take P/P at 3.70; stop: 2.60. ••CANADA
CANADA:
CANADA
Capstone Mng @ 3.55 (3.61) take P/P at 4.15; stop: 2.94;
Crescent Point Energy @ 18.47 (33.73); stop: 25.80; Eldorado Gold @ 7.50 (6.92); stop: 6.10; Equinox Minerals @
4.80 (4.69); stop: 4.40; Jinshan Gold @ 2.42 (2.59) take
P/P at 3.15; stop: 2.30; Niko Resources @ 68.70 (92.12);
stop: 75.90; Pelangio Mines @ 2.59 (3.81) take P/P at
4.45; stop: 3.15; Quadra Mng @ 20.69 (23.52) take P/P
at mkt; stop: 17.80; Queenston Mng @ 3.34 (3.15) take
P/P at 3.95; stop: 2.90; Rogers Sugar Fd @ 5.12 (5.22);
stop: 4.95; Vittera Inc @13.97 (13.86) take P/P at 15.90;
12.70. ••ENGLAND
ENGLAND:
ENGLAND Aquarius Platinum @ 685 (719.50)
take P/P at 860; stop: 615; Centamin Egypt @ 73.41
(67.50); stop: 64.00; Mitchells & Butlers (S/S) @ 506.50
(309.25) take P/P at mkt; stop: 375. ••GERMANY
GERMANY:
GERMANY Yara
Int’l @ 34.00 (48.05) take P/P at mkt; stop: 34.00.
HSL INVESTMENT BOX
Managing your assets is a job you can’t totally delegate. Know-how is
your best protection; learn to do-it-yourself. (Abbrev: ST, MT, LT:
short-, medium- & long-term). Changes are underlined.
COUNTRY/REGION WEIGHTING: US: 18%; Europe: 20%; Cda:
15%; UK: 10%; Oz/NZ: 12%; Asia: 22%; Latin Amer: 3%.
--------------------------------------------------------------------------------------------•15-20% T-NOTES: hold a mix of 1-2 year T-Notes/Bonds in SwFr,
A-$, Euro, Cad-$, & Yen (govt or govt-backed only). Continue to
avoid longterm bonds till recession deepens, whereupon a new buy
signal will be planned.
•8-10% STOCKS (non-gold’s). Favorite sectors: food, fertilizers, farming equipment, oil&gas explor/producers, steel producers, & alternative energy. See ‘New Recommendations’ box.
•15-18% COMMODITIES: via futures &/or commodity stocks as
hedge against inflation & resource shortages (supply).
•15-20% TREASURY BILLS: hold a mix of 90-day to 1-year maturities or
equivalent in first world nations (non US$). T-Bills in (order of preference)
SwFr, A-$, euro, Cad-$, & Yen, 10% in own/other country (if first world).
•35-45% GOLD STOCKS & BULLION: 15% blue chips, 5% junior/
speculative. 15-20% bullion via futures &/or buy physical bullion for
safety & to help the gold price, & rare coins (buy only high quality certified CAC/PCGS or NGC coins). Buy partly as method to exit banking
system, for protection against bank failures, to legally transport
wealth, to offset inflation, & for privacy. Buy rare, collector (set) coins
if live in USA, not bullion coins (except some for barter).
• 0% CURRENCIES: close out all fiduciary time/call deposits & convert to a mix of 90-day to 2-year govt T-Bills/T-Notes/Bonds (see
above) held in custodial accounts.
•0-5% BEAR STOCK FUNDS: Eg, Prudent Bear Fund (BEARX); traders bought at 6.70; mental stop: 2-dc below 6.20. Rydex Ursa Fund
(RYURX); traders bought at 40.16; mental stop: 2-dc below 37.35.
Pro-fund UltraBear Fund (URPSX); traders bought at 15.57; mental
stop: 2-dc below 13.40.
Gold Stocks
& Bullion 35-45 %
Bear Stock Funds
0-5 %
Treasury bills
15-20 %
Commodities 15-18 %
T-Notes 15-20 %
Stocks 8-10 %
... “National freedom is an illusion without legally-protected individual freedom, private property & personal privacy.” --H.D. Schultz ...
9
BY PRIVATE SUBSCRIPTION ONLY
NEW RECOMMENDATIONS
HSL HARRY SCHULTZ LIFE STRATEGIES
Non-US stk stops are 1-dc (1-day close) above/below price for all recommendations. Mkt = market. S/C/O = stop close only.
••AMERICA
AMERICA:
AMERICA AGCO Corp (NYSE: AG – machinery-farm);
sym/triangle & breakout. Buy at mkt & if dips to 64.40;
stop: 58.10. Apollo Gold (AMEX: AGT – gold); tentative
bull flag-sym/triangle. Buy after 2-dc over 0.70; stop: 1dc under 0.58. Arena Resources (NYSE: ARD – oil&gas
explor/prod); sym/triangle & breakout. Buy at mkt & if
dips to 44.40 &/or 41.80; stop: 1-dc under 38.70. Arrow
Electronics (NYSE: ARW – elec-parts dist); broke 3-month
support on volume.
Sell short bit at mkt &
if rallies to 28.40 &/
or 29.75; stop: 1-dc
over 31.80. Atwood
Oce ani cs
(NYSE:
ATW – oil&gas drilling) sym/triangle &
breakout. Buy bit at
mkt & if dips to
102.10 &/or 96.10;
stop: 86.60. Comercia Inc NYSE: CMA – banks-super regional); broke to new 3-month low on volume. Sell short
at mkt & if rallies to 34.30 &/or 36.40; stop: 38.40.
Deere & Co (NYSE: DE – machinery-farm); sym/triangle
& breakout. Buy at mkt & if dips to 88.10; stop: 79.15.
Gannet Inc (NYSE: GCI – media-newspapers); broke to
new low on volume. Sell short at mkt & if rallies to
29.40; stop: 32.05. T-3 Energy Svcs (NYSE: TTES –
oil&gas svcs); 7-month consolidation & breakout, on volume. Buy at mkt & if dips to 52.20 &/or 49.30; stop: 1dc under 45.60. ••AUSTRALIA
AUSTRALIA:
AUSTRALIA Aust Worldwide (ASX:
AWE – oil&gas explor/prod); 10-month consolidation &
breakout. Buy at mkt
& if dips to 3.55; stop:
1-dc under 3.20. Independence Grp (TSX:
IGO – gold/nickel);
1 1 - m o n t h
cup&handle
base.
Buy after 2-dc over
9.40; stop: 1-dc under
7.50.
••CANADA
CANADA:
CANADA
Capital Gold (TSX:
CGC – gold prod/develop); 6-month consolidation range.
Buy after 2-dc over 0.80; stop: 1-dc under 0.64. Orko Silver (TSXV: OK – silver/gold (Mexico); 6-month consolidation. Buy after 2-dc (or forceful close) over 2.10; stop: 1dc under 1.66. Redstar Goldcorp (TSXV: RGC – gold explor); 10-day bull flag. Spec buy after 1-dc over 0.40;
stop: 0.32. Taseko Mines (TSX: TKO - gold/copper/
molybdenum); 6-week coil. Spec buy after 1-dc 5.80;
stop: 4.60. ••ENGLAND
ENGLAND:
ENGLAND Churchill Mining (LSE: CHL –
coal); 8-month coil & breakout. Buy at mkt & if dips to
62.00; stop: 1-dc under 53.00. Petrofac (LSE: PFC –
oil&gas svcs); cup&handle base & breakout. Buy at mkt
& if dips to 570; stop: 1-dc under 535. VT Group (LSE:
VTG – defence svcs); sym/triangle & breakout. Buy at
mkt & if dips to 674; stop: 1-dc under 612. ••FRANCE
FRANCE:
FRANCE
Technip (CAC: 013170 – oil&gas svcs); reverse H&S
base & breakout. Buy at mkt & if dips to 55.10; stop:
49.90. ••JAPAN
••JAPAN:
JAPAN Inpex Holdings (Tokyo: 1605 – oil&gas
explor/prod); 9-month consolidation range. Buy after 3dc over 1320; stop: 1160. Nihon Nohyaku (Tokyo:
10
4997 – agrochemicals); 8-month consolidation & breakout. Buy bit at mkt & if dips to 910; stop: 1-dc under
Bucher Inds (Zurich:
800. ••SWITZERLAND
SWITZERLAND:
SWITZERLAND
000243217 – machinery/vehicles – farm/misc); reverse
H&S base & breakout. Buy at mkt & if dips to 275; stop:
1-dc under 252. Syngenta (Virt-X: 001103746 – agricultural prod); ascending triangle & breakout. Buy at mkt &
if dips to 310; stop: 274.
HSL MODEL PORTFOLIO
NOTE: USA stops are INTRADAY. All others are a 1-day close beyond stop price.
S/C/O: stop close only; LT: Long-term; MT: Medium-term; ST: Short-term
STOCKS
Price
Paid
Apr
25/08
STOPS
Gain/
Loss
Australia
Rio Tinto (minerals)
14.00 146.60 Stop: 2-dc below 108.00
+947%
Aquiline Resources
1.83
7.75 Stop: 2-dc below 6.90
+323%
Canadian Nat'l Res.
13.50
85.56 Stop: 2-dc below 58.50
+534%
First Quantum Minerals 27.90
85.25 Stop: 2-dc below 68.90
+206%
Mag Silver
3.75
11.40 Stop: 2-dc below 10.50
+204%
*Mercator Minerals
3.20
10.56 Stop: 2-dc below 7.10
+230%
*Red Back Mining (gold)
2.28
6.51 Stop: 2-dc below 5.95
+186%
Silver Standard
3.65
28.10 Exited via 29.20 profit stop
1.78
36.50 Stop: 2-dc below 25.00
Canada
Germany
Solarworld (split 2:1)
+1951%
Netherlands
Kardan (investment grp)
2.85
Exited via 8.80 profit stop
U.K
Jkx Oil & Gas
45.50 499.25 Stop: 2-dc below 330
+997%
*Goldcorp (Ex Glamis)
3.27
61.83 Stop: 2-dc below 29.00
+1791%
McDermott (2:1 split)
7.43
59.90 Stop: 2-dc below 40.80
+707%
U.S.A
Mega Uranium sold at mkt via HSL Sr 2/17
China Lfe Insurance sold at mkt via HSL Sr 2/17
*Goldcorp (Ex Glamis) includes takeover bid terms (1.69 GG x 1 GLG shs held)
The average gain for the 11 stocks listed above is +734.09%. When
dividends are added on a reinvestment basis (base S&P 500: 1973-1995),
the gain is +1997.97%.
*This Canadian stk traded mainly in US.
PROFIT TAKING & CLOSED POSITIONS
HSL recom’s are followed by a wide selection of investors, ranging from
novice traders to professional fund managers. Hslm’s have requested we
give partial profit taking signals (at intermediate resistance levels) to allow
incremental exit from medium to large share positions. Thus, recom’s to
take partial profits are given 3 times before a position is finally exited.
••Per
Per HSL664
HSL664:
664 Mega Uranium +139%;
+139% China Life
Insurance +138%;
+138% Pelangio Mines +70%;
+70% StreetTracks
Gold Shs ETF +34%;
+34% East West Bancorp +31%;
+31% Mitchells
& Butlers +30%;
+30% Lindsay Mfg +24%;
+24% Compania De Minas
+20%;
+20% Silvercorp Metals +20%;
+20% Progressive Corp +19%;
+19%
Suntrust Bks +19%;
+19% Luna Gold +18%;
+18% Masco Corp +18%;
+18%
Pan Amern Silver +18%;
+18% Ishares DJ Cnsmr Svcs +15%;
+15%
Leggett & Platt +12%.
Per HSL Jr Mar 30:
+12% ••Per
30 Lindsay
Mfg +86%;
+86% Suntrust Bks +28%;
+28% Aquarius Platinum
+20%;
+20% Quicksilver Res. +19%;
+19% Leggett & Platt +17%;
+17%
Yara Int’l +16%;
+16% Cleveland Cliffs +15%.
+15% Profit taking or
Stopped out:
out Silver Standard +676%;
+676% Kardan +184%;
+184%
Corporate Office Ppty +14%;
+14% Aaron Rents +3%;
+3% Equity
Residential +0%;
+0% Ethan Allen +0%;
+0% Homex Dev. –7%;
Ses Fdr –7%; De La Rue –8%; USG Corp –9%; Int’l Minerals –12%; Silvercorp Metals –13%; Calgon Carbon –14%;
Luna Gold –14%; European Goldfields –16%; Eastern
Platinum –18%; High River Gold –24%.
... “Newsletters are the alternative press.” George Stoll, Founder of the Flint Schools ...
HSL 665 - 27 APR 08
HSL HARRY SCHULTZ LIFE STRATEGIES
BACK TO THE FUTURES
•Written: Apr 26, 2008. Comments below follow on from trade recoms/
updates given in Mar 30 HSL Jr. TPS = Trailing Profit Stop. L/O/C =
Line On Close.
..Euro
..Euro:
Euro Per HSL Jr, exited shorts with small loss . Traders then bought June at 1.5910. Bearish 1-week reversal
& break below 6-week rising wedge. Sell short June (or
sell longs) bit at mkt &/or if rallies to 1.5750; cover ½ at
1.5290 &/or 1.5080, &/or trail stop downside.
Stop&reverse/buy June after 2-dc over 1.5980; stop: 2dc below 1.5650; sell ½ at 1.6490. And/or wait to buy
June after next meaningful reaction low above major
1.4710-1.4830 support. ..£
.. - GBP:
GBP Per HSL Jr, gamblers
sold short June at 1.9839 &/or 1.9960. Expanding right
shoulder of potential 9-month H&S top. Sell short June
at mkt &/or if rallies to 1.9870; cover ½ at 1.9310, &
trail stop rest. Stop&reverse/buy June after 2-dc over
2.0020; stop: 2-dc below 1.9760; sell ½ at 2.0460. ..
Yen:
Yen Per HSL Jr, took ½ profit in June shorts at target ☺.
Bearish whilst trades below Mar downtrend line resistance. Sell short June at mkt &/or if rallies to 96.90;
cover ½ at 93.00, &/or tight trail stop downside.
Stop&reverse/buy June after 2-dc over 98.00; stop: 2-dc
below 95.70; sell ½ at 101.80. ..US$
..US$ Index:
Index Per HSL Jr,
exited June longs&shorts with loss . Buy June bit at
mkt &/or if dips to 72.20; sell ½ at 73.80 &/or 74.50,
&/or trail stop strength. Stop&reverse/sell short June after 2-dc below 71.40; stop: 2-dc over 72.40; cover ½ at
69.60. ..DJIA
..DJIA:
DJIA Per HSL Jr, gamblers sold short June at
12,235 &/or 12,740. Tentative stab above pivotal Oct
downtrend line resistance. Buy June (or cover shorts) at
12,960-stop; sell ½ at 13,670, & trail stop rest. Sell, or
sell short June after 2-dc below 12,500; stop: 2-dc over
12,870; cover ½ at 11,780. ..Nasdaq
..Nasdaq 100:
100 Per HSL Jr,
gamblers/scalpers bought June at 1780. All buy June at
1948-stop; stop: 2-dc below 1862; sell ½ at 2092, & trail
stop remainder. Sell short June after 2-dc below 1822;
stop: 2-dc over 1900; cover ½ at 1678. ..S&P
..S&P 500:
500 Per
HSL Jr, gamblers sold short June at 1335 or better. Challenging top boundary resistance of 3-month trading
range & Oct 2007 downtrend channel. Buy June (or
cover shorts) at 1410-stop; sell ½ at 1510, & trail stop
rest. Sell, or sell short June after 2-dc below 1350; stop:
2-dc over 1400; cover ½ at 1268. ..10yr US T-Notes:
Notes Per
HSL Jr, gamblers took ½ profit at target in June shorts
☺. Take 2nd ½ profit at mkt. Sell short June on 2-dc (or
decisive break/close) below 114^12; stop: 2-dc over
116^05; cover ½ at 110^24. Buy June after 2-dc over
HSL 665 - 27 APR 08
117^22; stop: 2-dc below 115^25; sell ½ at 121^10.
..Gold
..Gold:
Gold Per HSL Jr, gamblers exited ½ June longs via
886.00 stoploss . Hedgers sold short at 936.40 &/or
944.80. Would-be Jan-Apr H&S top, with $820-850
likely downside target area. If out, sell short June at mkt
&/or if rallies to 909.40; cover ½ at 845, & tight trail
stop rest. Stop&reverse/buy June bit after 2-dc over
929.10; stop: 2-dc below 886.00; sell ½ at 998.00. Buy
again (big) after 2-dc over 954.00.
Created with TradeStation by Omega Research © 2000
BY PRIVATE SUBSCRIPTION ONLY
NASDAQ – HSLP (HSL MARKET PREDICTOR)
HSLP-Nasdaq is beating shorterm bullish drums via a
reverse H&S base & breakout, with 2955 theoretical upside target -- which hints crucial Nasdaq Mini Nov downtrend line resistance (now 1950 basis June) “will” be
breached to the upside, for a run towards its 2125
equivalent upside target. But, but both targets remain
below top resistance of 10½-month distribution tops.
tops So,
for as long as it lasts, use this potential bear mkt rally
leg to recuperate any lost profits &/or dump any under
performing longs (U may not get another chance), whilst
monitoring for pre-emptive short sales on solid weakness below major resistance levels. OK for gamblers/
active traders to ride shorterm strength in top relative
strength sectors, if protected with tight stops & happy to
scalp/bank
scalp/bank regular profits.
ACTIONS TO TAKE - IN A NUTSHELL
•• Avoid or reduce financial risk/stress via 3 basic
steps; exit the US$ (at mkt &/or into any strength towards 75.80 basis June $-Index), & place half of assets
in 2-year Swiss govt bonds,
bonds half in gold (via a basket of
gold futures &/or gold shares, with at least 15% in
physical gold bars or coins). If U want more diversification than only Swiss Francs, hold a mix of 6-month to
2-year govt paper (euro, A-$, Cad-$) to lock-in current
higher interest rates & hedge against shorterm rate
declines. •• For a comprehensive list of protective
‘Actions To Take’, re-read Big Picture in HSL662, 663 &
664. •• Global stock mkts are generally bearish but
correcting. Sharp rallies poss but duration will likely be
short -- which makes acute stock selection vital. If buying, use HSL specific recommendations with tight
stops. •• Traders looking to increase their holdings of
physical gold bullion, buy bit at mkt, & on every $10
decline toward $800. •• Check out your banks. Are
they holding derivatives? All the big ones are. Upgrade
if in doubt. And US subs = don’t keep over $100K in
any US bank in order to qualify for FDIC insurance if
they fail. •• Modest diversification is your safety net in
uncertain mkts. Please adhere to strict asset allocation
%’s as outlined in HSL Investment Box.
• • • • • • • Top Picks of the Month • • • • • • •
••AMERICA
AMERICA:
AMERICA AGCO Corp (NYSE: AG – machineryfarm); sym/triangle & breakout. Buy at mkt & if dips
to 64.40; stop: 58.10. Arena Resources (NYSE: ARD –
oil&gas explor/prod); sym/triangle & breakout. Buy at
mkt & if dips to 44.40 &/or 41.80; stop: 1-dc under
38.70. ••SWITZERLAND
SWITZERLAND:
Syngenta (Virt-X:
SWITZERLAND
001103746 – agricultural prod); ascending triangle &
breakout. Buy at mkt & if dips to 310; stop: 274.
“Govt is not reason; it’s not eloquence; it is force. Like fire, it’s a dangerous servant & a fearful master.” George Washington
11
HSL HARRY SCHULTZ LIFE STRATEGIES
BY PRIVATE SUBSCRIPTION ONLY
3 cheers for California &
Gov.Schwarzenegger for a
law making it illegal for companies to require workers to
have devices implanted under their skin revealing their
whereabouts at all times, the ultimate invasion of privacy. That it was even considered shows just how far
we’ve moved into an Orwellian society. Cell phones will
soon have chips to pay bills, which thus tracks U, without
a skin chip! Don’t succumb!
What could change in the 3 rules I gave U in BigPicture? The Swiss govt could stop selling shorterm bonds
&/or reduce interest to 0% or charge U to own them. Or
the US$ could have a mini bull mkt within its major bear
mkt via mega currency intervention by the G7 nations
(not done since Sept 2000) or Fed interest rates rise. Or
gold could overstretch its rise to make partial selling or
hedging gold an option to avoid a major asset drawdown. So we need to stay awake, but for now, the 3 rules
are OK & needed for security.
More re end of the Internet nextime. Net 1 will be replaced by Net 2, which will be totally censored, with limited access. Stock up on fax machines, ink, fax paper. •••• If a perception grows that the US will raise interest rates soon, watch for modest US$ rise. Depends on
int/rate size. Use it to exit $’s. •••• Hal Turner site reports Dallas oil companies have signed contracts for
$150 oil for end May. Also, that Saudi govt will declare
$150 to be the minimum price at end May. If any truth
here (?) it forecasts a new war within a few weeks!
Commercial real estate is a new worry. •••• US consumer confidence at 26-yr low. This is based on perception
of the future, not horror bad news today, & as I said earlier,
PP (public perception) is vital to track. •••• Future Shock
Dept: A new US Constitution is being drafted by certain insiders. No more Supreme Court, Bill of Rights, trial by jury or
right to bear arms. Senators not elected, but appointed by
govt. President serves 9years. 20 states, not 50. This brings
disorientation, which is another trick in the 1984 manual. •••• I’m told that the fact more Americans are leaving doesn’t worry the Illuminati. They prefer the dissenters
to exit, leaving the placid ones behind who won’t argue.
The essential Bob Chapman letter says “The cull is on.
The elitists have decided which companies can survive.
Most small firms won’t.” The cull will seem economic, not
manipulative, via bank squeezing. I again urge U all subscribe to Bob’s International Forecaster newsletter. It’s
weekly by Email & bi-monthly by mail, so it fills the gaps
between our less-frequent HSL’s. It’s a financial survival
letter with political teeth. Only $160/yr. Checks to Robt
Chapman, PO Box 510518, Punta Gorda, FL 339510518. Visa&Master OK. international_forecaster@yahoo.
com or if_distctr@yahoo.com
Hillary is going to “obliterate Iran”? 65 million?
Wow! •••• I prefer the news that Florida may allow
optional car license plates with a cross, a stained-glass
window & the words “I believe.” •••• U can read the
astounding story behind Aspartame (which U must
avoid!) at: www.mercola.com/article/aspartame/fraud.
htm. These are the kinds of articles U won’t be allowed
to see when Net 1 goes down. •••• Poor Zimbabwe: so
far from God. So near to Mugabe. The world will not
soon forget how the African Union stuck to their racism.
•••• Subcrime mess: US Comptroller of the Currency
forecasts rising bank failures. Nice to get it “officially.”
Uncle’s Notes:
12
Editorial cartoon of the month: Fed
Potpourri
Reserve board meeting, chairman
says: “All board members in favour of perhaps seeing signs
of maybe a possible recession, or possibly not, or if so, perhaps doing something about it, or not…show of hands
please.” One board member pictured has 2 right hands,
another is a chimpanze, one has a hook for right hand, one
spins a yoyo. A decisive state of Duh. A reality show!
(courtesy the brilliant Oliphant - UniversalPressSynd) •••
“If there are no dogs in Heaven, then when I die I want
to go where they went.” Will Rogers.
Rogers •••• Dear God,
from dog: “Are there any postmen in heaven? If so, do I
have to apologize?” •••• Dear God from me: If a dog
barks very loudly in a forest, & no one hears him, is he
still a bad dog?” •••• Dear God, from dog: “More meatballs please, less spaghetti.” •••• Dear God, from dog:
“Is it true the garbage men are not stealing our stuff?”
“Having it all doesn’t necessarily mean having it all at
once.” –Stephanie Luelkehau. •••• There was never a
more important time to recommend HSL to a relative or
friend. Or send them a gift subscription. They’ll better understand the world. We don’t advertise; we exist on word of
mouth. Yours? ☺ •••• “Money is not all important. Health
is 3%.” – Larry King. •••• Plez don’t address mail to me to
“Uncle Harry.” It’s cute & touching, but confuses the post
office. ☺ •••• Don’t keep things for “special occasions”
because every day U have is a special occasion. If U are
over 65 U agree, but it’s ok to agree if U are younger. ••••
“The better I get to know men, the more I find myself loving
dogs.” -General Charles de Gaulle. ••••“If U think dogs
can’t count, try putting 3 dog biscuits in your pocket & then
give him only 2.” -Phil Pastoret. •••• “My goal in life is to
be as good a person as my dog already thinks I am.” –anon
Mother Superior called all the nuns together & said, "I
must tell U all something. We have a case of gonorrhea in
the convent." "Thank God," said an elderly nun at the
back. "I'm so tired of chardonnay."
Next publication dates:
dates HSL Jr goes on-line Sunday June 1
(free to Hslm’s). ● Next HSL Sr will be available on June 29 or
July 6, depending on mkt conditions. Next Gold Charts R Us
on Wed, Apr 30. (GCRU usually also carries advice on oil,
currencies & S&P). •••• Kid’s answers: How do U decide
whom to marry? (1) You got to find somebody who likes the
same stuff. Like, if U like sports, she should like it that U like
sports, & she should keep the chips & dip coming.-- Alan, age
10. (2) No person really decides before they grow up who
they're going to marry. God decides it all way before, & U
get to find out later who you're stuck with.-- Kirsten, age 10.
What is the right age to get married? (1) 23 is the best
age because U know the person FOREVER by then.-Camille, age 10.(2) No age is good to get married at. U got
to be a fool to get married.-- Freddie, age 6. (very cynical
for his age)---- How can a stranger tell if 2 people are married? U might have to guess, based on whether they seem
to be yelling at the same kids.-- Derrick, age 8.--- What do U
think your mom & dad have in common? Both don't want
any more kids.-- Lori, age 8.---What
do most people do on a
-date? 1) Dates are for having fun, & people should use
them to get to know each other. Even
boys have something to say if U listen
long enough.Lynnette, age 8. (isn't she
a treasure?) We're lobbing thinkbombs into a Neocon fortress. Bye
from General/Uncle Harry D (for
Derivative-Divining) Schultz
...“A newsletter that makes or saves you money doesn’t cost you anything.” Dr. Vernon Coleman...
HSL 665 - 27 APR 08