Important note: None of the comments expressed herein constitutes a recommendation to BUY any security. DO YOUR OWN DUE DILIGENCE. And by all means, manage the risk. Always use stop loss orders to protect your positions.

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Disclaimer: Investment positions that are discussed in The Global Macro Digest® are presented merely to illustrate themes that have been discussed in The Global Macro Digest® website and web pages, or in the GMD videos, newsletters and bulletins. The Global Macro Digest® was created to meet the growing demand for expert, reliable, objective information about investment alternatives. The Global Macro Digest® is not a financial advisor, nor is it a financial manager. Further, The Global Macro Digest® does not accept any responsibility for gains for losses an individual may experience. The material presented is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

The securities, financial instruments and strategies described herein are not suitable for all investors. The information found herein does not take into account individual investment objectives, financial situations or needs, and is not intended as a recommendation of particular securities, financial instruments or strategies. Before acting on this information, each investor should consider whether it is suitable for his or her particular circumstances and, if necessary, seek professional advice. All trading is done at the investor’s own risk. Any purchase or sale of securities should be done solely at the discretion and judgment of the readers after consultation with their investment advisors.

The information presented is based on information that I consider reliable, but neither The Global Macro Digest® nor its affiliates warrant its completeness or accuracy, and it should not be relied on as such. Assumptions, opinions and estimates constitute my judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results.

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