Poor Richard’s Report
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My Mission: God has uniquely designed me to seek, write, and speak the truth as I see it. Preservation of one’s wealth while providing needful income is my primary goal in these unsettled times. I have been given the ability to evaluate, study, and interpret world and national events and their influence on the future of the financial markets. This gift allows me to meet the needs of individual and institution clients. I evaluate situations first on a fundamental basis then try to confirm on a technical basis. In the past it has been fairly successful.
SPECIAL BULLITEN:
Our President is about to be Tested – Big Time
The Middle East is about to blow sky high. We have now involved the UN Security counsel plus Germany (called P-5+1) to make Iran negotiate their nuclear weapons program. The due date is September 24, 2009. To make matters worse the President promised Israel that if they did not take military action with Iran, he would deliver crippling sanctions with Iran.
Big deal. What we withhold, China and Russia will deliver. This is now guts ball diplomacy that will reverberate across the whole world.
Here is a scary and realistic scenario that could happen while everyone is concerned with what is going on in the kiddy pool of health care reform and economic recovery.
ISRAEL will never, never allow itself to be at mortal risk. If and when their intelligence concludes the Iranians are close to getting a bomb, diplomacy will end. Russian expansionism has always been in the setting of somebody else’s war. Putin will ignite the match if he ever gets the chance. Imagine. They get Georgia without a contest, and open the door to secure Ukraine, and make trillions of Rubles selling “high test” to Europe after the Iranians close the Straits of Hormuz. It would stir up a real blizzard and they could retake the Baltic region while NATO is off figuring out how to get the gulf oil turned back on.
Buy GLD (NYSE-$99+) or CEF (NYSE-$13+) and top off your home fuel tanks.
Have a strong cash position also.
Richard C De Graff
256 Ashford Road
RER Eastford Ct 06242
860-522-7171 Main Office
800-821-6665 Watts
860-315-7413 Home/Office
rdegraff@coburnfinancial.com
This report has been prepared from original sources and data which we believe reliable but we make no representation to its accuracy or completeness. Coburn & Meredith Inc. its subsidiaries and or officers may from time to time acquire, hold, sell a position discussed in this publications, and we may act as principal for our own account or as agent for both the buyer and seller.
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