I am out of town, and will be for most of the week. I will do my best to give you briefings and updates when I get a chance.

I find it interesting that oil prices spiked on Thursday and Friday, at the exact same time the Bilderberg Group began their meetings in Chantilly, Va., at the Westfields Marriott.

Bilderberg Attendees

You'll have to do your own research on the interworkings of this group on your own since their is a media blackout here in the US. The Canadian press and others have reported these meetings to their citizens, but the controlled US press has kept you in the dark.

If you watch Lou Dobbs on CNN, he has spoke extensively about- the North American Union- Open Borders- NAFTA- Immigration, and a new North American Currency, the Amero. These are all inventions of the Bilderberger's. This is the same group that came up with the European Union, and Europe's new currency- the Euro.

Dynamic Growth: ETF Portfolio

NEW BUYS:

None

NEW SELLS:

None

Here are our Top 10 ETF's for the week of June 9th:

1) FXF: Currency Shares Swiss Franc Trust- .506
2) SLX: Market Vectors Steel Index Fund- .467
3) EWZ: Brazil Index- .453
4) EEB: Claymore ETF BNY BRIC- .390
5) DBA: Powershares DB Agriculture Fund- .374
6) ADRE: BLDRS Emerging Markets 50 ADS Index Fund- .297
7) DUG: Ultrashort Oil & Gas Proshares- Not Rated
8) PGJ: PS Golden Dragon China Fund- .180
9) KBE: KBW Bank ETF- Not Rated
10) IYF: iShares Dow Jones US Financial Sector- Not Rated

Here are our Top 10 Fidelity Sector Funds for June 2008

1) FSENX- Energy
2) FSCHX: Chemicals
3) FDFAX: Consumer Staples
4) FSMEX: Medical Equipment
5) FSCGX: Industrial Equipment
6) FSDAX: Defense & Aerospace
7) FWRLX- Wireless
8) FCYIX: Industrials
9) FSRBX: Banking
10) FSVLX: Home Finance

Honorable Mention (Holds):

None

The Week in Review:

Don't let anyone kid you, consumers are hurting, and they are in bad shape.

We were in Ft. Myers, Florida for the weekend, and several drivers heading south on I-75 were driving with their windows down instead of using their AC's. The temperature was 94 degrees.

$4.00 per gallon gas is killing consumers, and truckers have are being decimated. Businesses inn and around Florida are folding up like tents, and vacant real estate residential-condos-commercial are everywhere.

Don't be fooled by the morons on TV that keep telling you the US is not in recession. They are dead wrong.

Oil prices should pull back sharply as we head into the election. The Bush administration will temporarily postpone new oil purchases for the Strategic Petroleum Reserves in July. This should provide some relief for oil prices as we head into the election.

As oil prices pullback, the stock market will rally. We will use this rally to make adjustments to the DG portfolios.

After the election, and into 2009, I believe interest rates must rise to protect the dollar, and drive oil and commodities and inflation down. This is not good news for the real estate markets, but for those looking to buy, it will be a great entry point.

Many on the financial channels keep telling us that today's economy is not like the 1970's. It sure looks like the 70's to me. In fact, it maybe worse!