The S&A Digest: Ferris Says Don't Sell, Ever

Stansberry & Associates Top 10 Open Recommendations
(Top 10 highest-returning open positions across all S&A portfolios)

As of 06/25/2013

Ferris says don't sell, ever... Badiali can't be stopped... Porter's one correct macro call... Down with the dollar... More Ann Coulter...

 Oh, boy... we're really going to hear it from Badiali...

Yesterday, crude oil topped $90 a barrel, and gold topped $775 per ounce. Everything involved in commodities production – miners, oil drillers, oil producers, and infrastructure builders – is soaring right now.

Matt's batting 19 for 20 in his S&A Oil Report portfolio. The one loser is only down 3%. Meanwhile, 15 recommendations are returning double digits. It's the same story with the S&A Gold Report portfolio. Matt, don't bother calling to brag, we'll say it for you... Badiali's on fire.

 Platinum reached $1,458 an ounce in London today – $2 short of an all-time high – on fears that mine closures in South Africa (the world's biggest producer) will worsen, restricting production.

 The U.S. dollar hit a new low (1.4375) against the euro today. Jim Rogers is buying foreign currencies to protect himself from the greenback's drop. Warren Buffett is buying foreign companies, like Extreme Value pick Posco (PKX), that earn in foreign currencies. The consensus among the world's best investors is the same... the dollar will continue falling.

 This from Dan Ferris: "Bowater is merging with [S&A Penny Letter pick] Abitibi (ABY), so it has to be replaced in the S&P Midcap 400 index. What do they replace it with? Chipotle Mexican Grill – up 158% the last 52 weeks. The indexes are all about the momentum. Buffett and Bogle are right that know-nothing investors ought to buy index funds. But that's only because the larger indices have low turnover (in the single digits), whereas the average mutual fund turnover exceeds 100%. And that, after all, is the single easiest-to-get advantage over other investors: low turnover."

 Ferris actually regrets ever selling any stock... Read his reasoning in DailyWealth.

 We wrote it, did you buy it?

It's a harem right now in the stock market... We've been given once-in-a-decade opportunities to pick up the highest-quality equities at rock-bottom prices. I feel like a pig eating from a blue-chip trough... – PSIA, August 2006

Porter loaded up on blue chips in 2006, and it paid off. Shares of Microsoft (MSFT) hit a six-year high this morning as they soared over 12%. The company announced estimate-shattering numbers after the market close yesterday... Earnings grew 23% to $4.29 billion, and sales grew 27%. Microsoft got a big boost from sales of Vista and Halo 3. Readers are up 54% in just over a year.

Porter is also sitting on 40% gains with eBay (EBAY) and Intel (INTC), 30% with Anheuser-Busch (BUD), and more than 150% with Nokia (NOK). We give Porter a hard time for his inability to make macro predictions (he's been calling for $40 oil for years), but we've got to hand it to him... He was right on with his blue chips.

 New highs: Covance (CVD), EnCana (ECA), streetTRACKS Gold (GLD), Coca-Cola (KO), McDonald's (MCD), Annaly (NLY), Nokia (NOK), Petrobras (PBR), Sangamo (SGMO).

 Hundreds of "Ann Coulter" subject lines awaited us in our inbox. Some were good, some were bad, most of it was interesting... Weigh in at feedback@stansberryresearch.com.

 "One of the most interesting phenom I know of is how someone can be massively current and knowledgeable and sometimes even breath-taking sharp in one particular area and shockingly vacuous in many other areas. Poor Blondie is obviously in this category. It makes me a little uneasy that Porter had to have dinner with her to ascertain this. Another example of this is Porter's unqualified dismissal of global warming. It is true there are many parts to this business and many angles of perception. For instance, global warming could well exist but not have been caused in any way by man. Or global warming caused by man could well exist but there be nothing practical to be done about it. Or global warming may exist but its effects will be much less severe than predicted and we will adapt just fine. Etc. Porter's gift is being willing to thoroughly investigate/consider virtually all possibilities, all points of view. Examples I especially like are his questioning of the worth of college, his implied skepticism of religious fervor of any stripe, his dismissal of the do-gooder motive, his contempt for politics in general, he being an equal opportunity skeptic of right and left, etc. And this is what I like about his whole organization. Somehow he has gathered together a group of people who aren't caught in the various sloppy, lazy thinking which passes for an accurate perception of our universe." – Paid-up subscriber Mark Swann

 "Anne Coulter has one great skill – the talent to annoy. She's like a professional wrestler, her credo being 'Get em riled up so they'll either come see you or buy your books.' She's clever enough to have parlayed that into a successful career. But I say she's at minute 14 and a half of her fleeting fame. The sooner we just ignore her, the better." – Paid-up subscriber Ross Douglas

 "The press and bigots are giving this 'person' too much airtime. She's a bigot and racist to put it bluntly and she doesn't deserve to have a bully pulpit to talk about her holy than thou issues. The country would be a lot better off if all of us had to pay for the deficit rather than push it back on our children and grandchildren. It's like having an unlimited line of credit and then deciding that you don't want to pay what you've been charging. What's wrong with pay as you go? If Americans and Congress voted for this war and its spending then it's time we started paying for our mistakes versus burying them so the next generation gets stuck with the bill. It's sort of like running up a huge tab for dinner with your family and turning to your kid or grandkid and saying 'how about you picking up the tab.' Let's stick to investments and how to make a few dollars and off this political racists bull!" – Paid-up subscriber "The Hiking Man"

 "Come on you guys, what's up with this? According to Stansberry Ann Coulter said she doesn't know anything about finance or economics. What sort of deal is this to beat her up over her own self-confessed ignorance? Shall we find an area in which you are self-confessed to be totally ignorant then deride you for not knowing what you yourself just said you do not know? Talk about a cheap shot!" – Paid-up subscriber Geoff

Regards,

Sean Goldsmith

Baltimore, Maryland

Stansberry & Associates Top 10 Open Recommendations

Stansberry & Associates Hall of Fame