Trading Risks and Disclosure
Document We believe it is imperative that you read and fully understand ALL of the following Disclosure and risks of trading and investing: We are not, and do not claim to be investment advisors. The opinions and statements made in these publications are the result of extensive research and are believed to be accurate and from reliable sources. The contents are our current opinions only; further more conditions may cause our opinions to change without notice. The insights herein published are made solely for international and educational purposes. The contents in this publication are not to be construed as solicitation or recommendation to be used for formulation of investment decisions. WARNING market investment of any kind or speculation is a high-risk activity. Investors enter such activity at their own risk and must conduct their own due diligence to research and verify all aspects of any investment decision, if necessary seeking competent professional assistance. GENERAL RISKS OF TRADING AND INVESTING All securities trading, whether in stocks, options, or other investment vehicles such as commodities, is speculative in nature and involves substantial risk of loss. We encourage our subscribers to invest carefully and to utilize the information available at the websites of the Securities and Exchange Commission at http://www.sec.gov and the National Association of Securities Dealers at http://www.nasd.com or the Commodities Futures Trading Commissions at http://www.cftc.gov/cftc/cftchome.htm .You can review public companies filings at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its website. The CFTC has endless information for you on their web sight about the risks of commodity trading and information on selecting a broker, which we urge you to review and study. We also encourage you to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Most of our information is derived directly from information published by companies, government reports, widely publicized economic reports, economic opinions available in the press or submitted to governmental agencies on which we analyze and/or rate from other sources we believe are reliable, without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements, ratings, or recommendations. 1. You may lose money trading and investing. Trading and investing in securities is always risky. For that reason, you should trade or invest only "risk capital" -- money you can afford to lose. While this is an individual matter, we recommend that you risk no more than 10% of your liquid net worth -- and, in some cases, you should risk less than that. For example, if 10% of your liquid net worth represents your entire retirement savings, you should not use that amount to buy and sell securities. Trading stock and stock options and commodities futures involves HIGH RISK and YOU can LOSE a lot of money. 2. Past performance is not necessarily indicative of future results. All investments carry risk and all trading decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any kind of trading or investing they choose to do. 3. Hypothetical or simulated performance is not indicative of future results. Unless specifically noted otherwise, all profit examples provided in the our websites and publications are based on hypothetical or simulated trading, which means they are done on paper or electronically based on real market prices at the time the recommendation is disseminated to the subscribers of this service, but without actual money being invested. Also, such examples do not include the costs of subscriptions, commissions, and other fees, or examples of other recommendations as to which there were losses utilizing the timing at the time of the recommendations. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity (discussed below). Simulated trading programs in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. We make no representations or warranties that any account will or is likely to achieve profits similar to those shown, 4. Don't enter any trade without fully understanding the worst-case scenarios of that trade. Trading securities like stock options or commodities futures can be extremely complicated, so make sure you understand these trades before entering into them. For example, aggressive positions in options or leveraged commodities have a greater probability of losing, while less aggressive positions are less likely to yield substantial profits. Similarly, far out-of-the-money options are unlikely to finish in the money, and options purchased close to their expiration dates are very high-risk and, thus, likely to win big or lose big very quickly. Don't enter any trade without fully understanding the worst-case scenarios of that trade. 5. We are a financial publisher of internet sights (service) and do not provide personalized trading or investment advice. We are a financial publisher. We publish information regarding companies and commodities in which we believe our subscribers may be interested and our reports reflect our sincere opinions. However, the information in our publications is not intended to be personalized recommendations to buy, hold, or sell any securities. As a financial publisher, we are not legally permitted to offer personalized trading or investment advice to our subscribers. If a subscriber chooses to engage in trading or investing that he or she does not fully understand, we may not advise the subscriber on what to do to salvage a position gone wrong. We also may not address winning positions or personal trading or investing ideas with subscribers. Therefore, subscribers will need to depend on their own mastery of the details of trading and investing in order to handle problematic situations that may arise, including the consultation of their own brokers and advisors as they deem appropriate. 6. Profits can be lost if they are not taken at the right time. Subscribers are advised to take profits at whatever point they deem optimal, regardless of the profit target set in any given recommendation. Advisory services such as those we offer provide recommendations. Subscribers are free to follow the recommendation, follow it in part, or ignore it altogether. If a subscriber believes a given profit is at risk, the subscriber should take the profit. Similarly, if a subscriber feels a position is likely to lose value, or a losing position is likely to fall further, the subscriber can choose to exit at any time to preserve capital. The final decision as to when to take profits remains in the sole discretion of the subscriber, keeping in mind that profits can be lost if they are not taken at the right time. Disclosure: IT IS THEREFORE ORDERED, ADJUDGED AND DECREED that judgment Shall be and hereby is entered in favor of Plaintiff Commission and against defendants Guarino and WSI as follows: A. Guarino and WSI are hereby permanently enjoined from directly or indirectly: 1. Employing any device, scheme, or artifice to defraud any client or prospective client; or engaging in any transaction, practice, or course of business which operates as a fraud or deceit upon any client or prospective participant, by use of the mails or any means or instrumentality of interstate commerce, in violation of Section 4o(1) of the Act; and 2. Advertising in a manner which employs any device, scheme or artifice to defraud any client or prospective client; or advertising in a manner which involves any transaction, practice or course of business which operates as a fraud or deceit upon any client or prospective client, in violation of Regulation 4.41(a).B. Guarino and WSI are further restrained, enjoined and prohibited, until further order of the Court, from directly or indirectly: 1. Employing any device, scheme, or artifice to defraud any client or prospective client; or engaging in any transaction, practice, or course of business which operates as a fraud or deceit upon any client or prospective participant, by use of the mails or any means or instrumentality of interstate commerce, in violation of Section 4o(1) of the Act and Regulation 4.41(a); 2. Engaging in, controlling, or directing the trading of any commodity futures and options accounts, on their own behalf or on behalf of any other person or entity, whether by power of attorney or otherwise; 3. Placing orders, giving advice or price quotations of other information in connection with the purchase or sale of commodity futures and options contracts for themselves and others; 4. Introducing customers to any other person engaged in the business of trading in commodity futures and options; and 5. Otherwise engaging in any business activities related to commodity futures and options trading that require registration. C. The injunctive provisions of this Order shall be binding on Guarino and WSI, upon any person insofar as he or she is acting in the capacity of agent, servant, employee, successor, assign, or attorney of Guarino or WSI, and upon any person who receives actual notice of this Order by personal service or otherwise insofar as he or she is acting in active concert or participation with Guarino or WSI. Restitution D. Guarino and WSI are jointly and severally liable for, and a judgment is hereby entered in favor of the Plaintiff Commission and against Guarino and WSI in the amount of $2,374,582.00 representing restitution (“Restitution Amount”). Upon entry of this Order, Guarino and WSI, jointly and severally, shall immediately pay the Restitution Amount to make whole each and every customer whose funds were received by Guarino and WSI and who were harmed by the wrongful acts as alleged in the Complaint. Guarino and WSI shall pay the Restitution Amount to the Court-appointed Receiver. Civil Monetary Penalty E. Guarino and WSI are ordered to pay to the Plaintiff Commission a civil monetary penalty in the amount of $7,123,746.00, which represents the statutorily prescribed penalty amount of three times the monetary gain from the fraud. In addition, Guarino and WSI shall pay post-judgment interest at the Treasury Bill rate prevailing on the date this Order is entered, pursuant to 28 U.S.C. § 1961(a). Post-judgment interest shall accrue on the civil monetary penalty beginning on the date this Order is entered and shall continue until the civil monetary penalty is paid in full. F. Payment of the civil monetary penalty shall be made to the Commodity Futures Trading Commission, Division of Enforcement, 1155 21st Street, N.W., Washington, D.C. 20581 to the attention of Ms. Dennese Posey. Payment must be made by electronic funds transfer, U .S. postal money order, certified check, bank cashier's check, or bank money order, made payable to the Commodity Futures Trading Commission FURTHER RISKS OF FUTURES TRADING A futures contract is a legally binding agreement between two parties to buy or sell in the future, on a designated exchange, a specific quantity of a commodity at a specific price. Because of the volatile nature of the commodities markets and the use of leverage, trading in futures involves a very very very high degree of risk. Futures trading is not suitable for many members of the public. Such transactions should be entered into only by persons who understand the nature and extent of their rights and obligations under futures contracts and the risks involved in the transactions covered by those contracts. 1. Because of the impact of leverage, your losses may exceed the entire amount deposited in your account, or more. Leverage is the ability to control large amounts of money with much smaller amounts of risk capital. In futures trading, the amount of money you are required to deposit is a small percentage of the value of the futures contracts you trade. If you buy and hold a futures contract, a small positive movement in price can have a large positive impact on your account; a small negative movement in price can have a corresponding large negative impact on your account. Therefore, leverage can work against you as well as for you. Because of leverage, it is possible to lose all the money in your account very quickly. Even worse, if the funds in your account fall below the amount required by the futures broker, you will receive a margin call. A margin call is a demand from the clearing house to deposit the difference in funds by the following morning. The difference in funds can be substantial. If you cannot timely comply with this request, your positions may be liquidated at a loss and you will be liable for any remaining difference. Keep in mind that the funds in your account may fall for reasons outside your control. Therefore, you should manage leverage by limiting your trading as necessary to maintain sufficient excess margin in your account. 2. Stop orders may reduce, but not eliminate, your trading risk. A stop market order is an order, placed with your broker, to buy or sell a particular futures contract at the market price if and when the price reaches a specified level. Stop orders are often used by futures traders in an effort to limit the amount they might lose. If and when the market reaches whatever price you specify, a stop order becomes an order to execute the desired trade at the best price immediately obtainable. There can be no guarantee, however, that it will be possible under all market conditions to execute the order at the price specified. In an active, volatile market, the market price may be declining (or rising) so rapidly that there is no opportunity to liquidate your position at the stop price you have designated. Under these circumstances, the broker's only obligation is to execute your order at the best price that is available. Therefore, stop orders may reduce, but not eliminate, your trading risk. GENERAL RISKS OF FUTURES OPTIONS TRADING Buying or selling futures options or stock options is not suitable for many people, and you should not trade options unless you fully understand the risks, rights, and obligations of options trading. Use only money you can afford to lose in options trading. 1. You should not sell options on futures unless you can meet margin calls and survive large financial losses. When you buy an option, you risk losing the entire purchase price plus the commissions paid, but not more since purchasing options on margin is not allowed. The amount you spend up front is the maximum you can lose. When you sell an option, you may be required to deposit additional margin if the price of the commodity moves adversely. You should not sell options unless you can meet margin calls and survive large financial losses. In cases where the exchange has difficulty finding buyers, the option seller is subject to the full risk of the position until the options expire. SPECIFIC RISKS OF FUTURES OPTIONS TRADING An option on a commodity futures contract is a legally binding agreement between two parties which gives the buyer, who pays a market determined price known as a "premium," the right (but not the obligation), within a specific time period, to exercise the option. Buying or selling futures options is not suitable for many people, and you should not trade futures options unless you fully understand the risks, rights, and obligations of commodities options trading. 1. The futures option, if exercised, will result in the establishment of a futures position. Both the purchaser and grantor of an option on a futures contract should realize that the option, if exercised, will result in the establishment of a futures position, subject to all the risks such contracts carry (see above). The buyer of a call option will be assigned a long position in the underlying futures if exercised, while the buyer of a put option will be assigned a short position in the underlying futures if exercised. The purchaser of an option should be aware that some option contracts provide for only a limited period of time during which an option may be exercised. 2. You may be unable to liquidate your position because of lack of liquidity in the futures or options market. Exchange trading mechanics are designed to provide for competitive execution and to make available to buyers and to sellers a continuous market in which an option once purchased can later be sold; and in which an option, once granted, can later be liquidated by an offsetting purchase. Although each exchange's trading system is designed to provide market liquidity for the options traded on that exchange, there can be no assurance that a liquid offset market on the exchange will exist for any particular option, or at any particular time, and for some options, no offset market on that exchange may exist at all. In such an event, it may not be possible to effect offsetting transactions in particular options. Thus, to realize any profit, a holder will have to exercise their option and have to assume all risks and to comply with margin requirements for the underlying futures contracts or, in the event of an option on a physical commodity, incur the costs and risks of holding the physical good. A grantor could not terminate its obligation until the option expired or the grantor was assigned an exercise notice. You may exercise your option but be unable to liquidate your resulting futures position because of daily price limits or lack of liquidity in the futures market. 3. Lack of pricing limits on some options. The trader should be aware that an option may not be subject to daily price fluctuation limits even if the underlying futures position has such limits and, as a result, normal pricing relationships between options and the underlying futures may not exist. Also, futures positions assigned as a result of an expiring option may not be capable of being offset if the underlying futures contract is at a price limit. 4. Additional risks of writing or granting futures options. The grantor of a call option who does not have a long position in the underlying futures contract (i.e. a "naked" sale or short) is subject to risk of loss should the price of the underlying futures be higher than the strike price of the option, and this loss may exceed the premium received for the initial sale of the call option. The grantor of a call option who has a long position in the underlying futures (i.e. a "covered" sale or short) is subject to the risk of decline in price of the underlying futures, less the premium received for granting the call option. In exchange for the premium received, the call option grantor gives up all of the potential gain resulting from an increase in the price of the underlying futures above the strike price of the option. The grantor of a put option who does not have a short position in the underlying futures contract (i.e. a "naked" sale or short) is subject to risk of loss should the price of the underlying futures be below the strike price of the option, and this loss may exceed the premium received for the initial sale of the put option. The grantor of a put option who has a short position in the underlying futures (i.e. a "covered" sale or short) is subject to the risk of a rise in price of the underlying futures, less the premium received for granting the put option. In exchange for the premium received, the put option grantor gives up all of the potential gain resulting from a decrease in the price of the underlying futures below the strike price of the option. RISKS OF INVESTING IN STOCKS Investments always entail some degree of risk. Be aware that: 1. Some investments in stock cannot easily be sold or converted to cash. Check to see if there is any penalty or charge if you must sell an investment quickly. 2. Investments in stock issued by a company with little or no operating history or published information involves greater risk than investing in a public company with an operating history and extensive public information. There are additional risks if that is a low priced stock with a limited trading market, e.g., so-called penny stocks. 3. Stock investments, including mutual funds, are not federally insured against a loss in market value. 4. Stock you own may be subject to tender offers, mergers, reorganizations, or third-party actions that can affect the value of your ownership interest. Pay careful attention to public announcements and information sent to you about such transactions. They involve complex investment decisions. Be sure you fully understand the terms of any offer to exchange or sell your shares before you act. In some cases, such as partial or two-tier tender offers, failure to act can have detrimental effects on your investment. The greatest risk in buying shares of stock is having the value of the stock fall to zero. On the other hand, the risk of selling stock short can be substantial. "Short selling" means selling stock that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short selling is a legitimate trading strategy, but assumes that the seller will be able to buy the stock at a more favorable price than the price at which they sold short. If this is not the case, then the seller will be liable for the increase in price of the shorted stock, which could be substantial. SPECIFIC RISKS OF STOCK OPTIONS TRADING When you open a stock option account, you should receive a booklet entitled "Characteristics and Risks of Standardized Options," which is also available on the Chicago Board Options Exchange website at http://www.cboe.com/resources/intro.asp. This booklet contains an in-depth discussion of the characteristics and risks associated with stock options trading. We strongly encourage you to carefully read and understand this information. 1. Assignment of exercise to writers. As a writer of a stock option, you may be assigned an exercise at any time from the date of sale through approximately two days after the date of expiration. The consequences of being assigned an exercise depend upon whether the writer of a call is covered or uncovered, as discussed below. Since an option writer may not be informed of the assignment of exercise until up to two days after expiration, special risks can come into play. For example, an option writer who sells out their underlying position upon expiration may find out the next day that they have to surrender stock they do not now own. 2. Risk of unlimited losses for uncovered writers of call options. A "naked" or uncovered writer of a call option is at substantial risk should the value of the underlying stock move unfavorably against the position. For a naked call writer, the risk of loss is theoretically unlimited. The obligation of a naked writer that is not secured by cash to meet applicable margin requirements creates additional risks. A harsh adverse move in stock prices can create steep margin call scenarios in which a brokerage firm may liquidate other holdings in the writer's account(s) to cover the option. Since pricing of options tends to be magnified relative to the underlying stock, the naked writer may be at significantly greater risk than a short seller of the underlying stock. 3. Deep out-of-the-money options carry high risk of loss. Although purchasing stock options at strike prices significantly above or below the current market price can be very inexpensive, you are at high risk of losing your money. There are two versions of deep out-of-the-money options:
Although these options seem inexpensive, the chances of making a profit on such transactions are extremely low. Therefore, novice traders should avoid buying deep out-of-the-money options. 4. Out-of-the-money options near their expiration date carry a high risk of loss. The closer you buy an out-of-the-money option to its expiration date, the less likely it is to end up profitable. Although these options are cheap, in order to win in such situations, you will need precise timing and the occurrence of a major event that significantly moves the underlying future in your favor. Therefore, the risk associated with these options is high and you are likely to lose your entire investment in these positions. Each advisory service we provide will offer a special discussion of risks. As you move through the educational materials that teach you how to use each service, be sure to carefully read the risks section. It elaborates on risks specific to the types of recommendations you might see in that service. Do not enter any trade without understanding all risks associated with that type of trading. Conclusion: Once again, we stress the importance of understanding all of the risks of any form of trading or investing that you choose to do. One should fully understand the worst-case scenario prior to trading or investing real dollars. Past performance is not necessarily indicative of future results. You take full responsibility for all trading actions, and should make every effort to understand the risks involved. Suitability of this internet sight (Service) You acknowledge that the Service does not aim to provide advice tailored to individual investors or your needs and that you can lose money on investments. The Service should never be used in isolation of your individual circumstances. You must consider your financial circumstances, risk tolerance, liquidity needs and investment objectives. The Service does not replace the advice of an authorised investment professional or independent financial adviser. Content in the Service is not appropriate for the purposes of making a decision to carry out a transaction or trade. You should check all information and prices with your broker immediately prior to carrying out any trade. No investment advice This internet sight (Service) is not: - providing investment, tax or legal advice and nothing in the Service amounts to investment advice. Nothing on the Service should be used or regarded as an offer or solicitation of an offer from us to buy or sell securities. You acknowledge that neither we, nor our staff will give investment advice as part of the Service and that you must not ask them to do so. Liability The information provided in the Service is solely for your personal, non-trading use. You are expected to make your own investment decisions without undue reliance on it. For this, you should seek independent financial advice. It is not a real-time service. What we are NOT liable for
The law contains some other implied warranties such as "satisfactory quality" and "fitness for purpose" which we regard as inappropriate for an information service and therefore they do not apply, to the maximum extent permitted by law. Disclosures and Disclaimers As a further sign of the sad times we live in I must give you our often repeated disclaimers and make disclosures, like you did not know all this already. These in some cases Broker disclosure rules are (in my opinion illegally) being enforced against publications government and Wall Street do not like. Notice how buy side Wall Street cheerleader publications make few if any disclosures or disclaimers whatsoever. And tell you virtually nothing about the authors of their articles. By some evil magic they are “exempt” from some of these broker rules because they are regarded as “exempt” publishers and we are supposedly not. Futures and Stock trading involves substantial risk and is not suitable for all investors. This publication refers to potential profits and or Hypothetical Performance. Never trade with money you cannot afford to lose HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS. Announcement: and its big and its bold and its in red (not like those Wall Street Whores do) so you won't miss it. By the way everyone associated with me is encouraged to make all the stock, physical commodites and commodity futures trades we recommend, I love the trades and may make them myself and just so you know, I encourage everyone I know to do the same. That is my family, friends, sexual (just female) partners, business associates, staff, neighbors, shit I even told the dog to speculate his ass off. Now this is not only a conflict but it's a fact. So yes WE HAVE A CONFLICT that is if you believe that making the trades we recommend to you is a conflict. So you're damn right I got a conflict recommending you trade the recommended stocks and commodities because I may too, and if and when the markets go like I predict I could make money, everyone associated with me who listened could make money and shit you could to, but not unless you listened. And I got to tell you in my grammar school drop our mind anybody that tells you to trade a stock or a commodity and does not do it themselves is a dog shit whore. But what the shit do I know. I am a grammar school flunk out, fully qualified dishwasher and convicted criminal. Unless noted otherwise, market quote data provided is delayed at least 10 minutes and is considered to be accurate, but is not warranted or guaranteed. This data is proprietary and may not be copied, disseminated or used without express written permission. Refresh your screen for latest information. Copyright 2015 Disclosure: Brief History of the Controversial Throughout the 1990s, a mysterious figure out of a James Bond movie warned millions of American investors that the U.S. stock market was about to blow up in their faces. Wall Street laughed. U.S. government regulators called him a fraud and a charlatan. But in the end, this strange figure was vindicated, as all his outrageous predictions came true: -- The stock market wiped out an estimated $8 trillion of people’s life savings... The man behind the mystery is Nicholas Guarino -- native New Yorker, 180+ I.Q., grade school drop-out, self-made millionaire, former president of his own commodities brokerage firm, host of radio and TV financial programs, inventor, private pilot, newsletter author, and in the opinion of some, one of the most accurate financial forecasters in history. He is also a convicted felon. He served nine months in federal prison, during the 1992 presidential election, allegedly for a business failure that occurred back in 1987. Guarino claims he was set up by powerful moneymen in Arkansas. Men who feared that – because of Guarino´s extensive financial dealings in the state — he would reveal all he knew about then-governor Bill Clinton, Whitewater, Madison Guaranty and Hillary Clinton’s remarkable ability to make a 10,000% profit on cattle futures (with the help of the state´s biggest corporation, Tyson Foods). Following Bill Clinton’s election, Guarino was released. He openly vowed revenge. He wrote about Clinton’s crimes in Arkansas in a controversial “payback” book, The Impeached President, published in 1994. In this book Guarino predicted, FOUR years before it actually took place, that Clinton would be the first president impeached since Andrew Johnson. When Clinton was actually impeached, it was largely based on information that Guarino himself leaked to the press – including to Newsweek star reporter Michael Isikoff. (In his book, Uncovering Clinton, Isikoff admits that Guarino was his source for key information that blew the cover off Clinton’s crimes.) Guarino also began writing The Wall Street Underground newsletter. WSI´s mission was to expose the shady financial practices and corrupt business dealings that the “legitimate” (corporate-owned) Wall Street news media and government regulators (also corporate-owned) were ignoring. From the very beginning, this newsletter has been investigated by government agencies that seem intent on silencing it and censoring the truth. Guarino writes other newsletters for many different publishers, and has developed a global cult following. His list of loyal subscribers -- many of whom have been with him for years -- grows every year. Some of the most powerful people of our time use Guarino as a constant source of political and market information. They also use him as a predictor of future events. People who are aware of the inside dirty deals know he never reveals his sources. They know they can give him vital information: he will publish it to the world and blow up the scandals, frauds and corruption designed to steal the little guy´s hard earned savings. Guarino’s exposes of Wall Street crimes and government corruption have put his life in danger. As a result, since 1994 he has lived outside the United States in a hidden location. His radio program, “Radio Free Wall Street” – which has aired on some of the largest radio stations in America -- is broadcast from “somewhere in the Northern Hemisphere.” He has no address, telephone number, email address or known contacts. Government regulators allege this is because he is a fraud out to steal people’s money. Yet Guarino refuses to accept other people’s money for trading. He will not take a penny. He says all people can do is subscribe to the publications he writes, read the information he gives them, and make up their own minds. Guarino says his exotic lifestyle is designed to keep him alive long enough that he can warn more people of the financial apocalypse Wall Street is preparing for them. He communicates with his loyal subscribers through his newsletters, his radio broadcasts, and through specially encrypted websites. The websites feature regular tapes of the elusive, very private, and in the opinion of some, endearingly-eccentric Guarino. The public first heard about Nick Guarino in the early 1980´s. He stirred up the financial industry by publicly advertising his trading record in the Wall Street Journal. People were frankly skeptical. But in 1984 a famous gold and silver newsletter authenticated his phenomenal trading record. This set the entire industry abuzz. Nick compiled what, in the opinion of many, was the most successful documented track record in the history of precious metals trading. Beginning with $25,000, he allegedly grew one trading account into $225,028.06 in three years. A Big Ten accounting firm audited and publicly confirmed that account. Guarino took another private $25,000 account and, using a more aggressive strategy, turned it into $1.3 million in ten months. He refused to publish that result because he thought no one would believe it. The fellow on the order desk who executed the trades in this astonishing private precious metal account publicly said it was true. He says he is still, to this day, amazed by it all. However, government regulators dispute Guarino´s verified track record. Despite the fact that a top ten CPA firm independently audited and confirmed the $225,028.00 trading account, regulators claimed it’s a fraud. The government bureaucrats simply can’t believe that anyone could make that much money trading precious metals. (Unless, apparently, your name is Hillary Clinton. In that case, you can turn $1000 into $100,000 in under a year, and the regulators will not bat an eye.) Same was true of the commodities industry’s own “self-regulators.” This is a “voluntary” body that attempts to “police” brokers and others involved in trading. These non-government regulators refused to accept Guarino’s track record. They made life so difficult for him – with the endless bureaucracy, investigations, restrictions and rules – he finally concluded that trading other people’s money simply wasn’t worth the intrusion and constant harassment. Rather than battle the regulators, Guarino simply “unvolunteered.” He closed his firm in 1986, cashed in his chips, and sailed off in his yacht to the Cayman Islands. He has refused to handle other people´s money ever since. In early 1987, Guarino predicted a massive sell-off in the stock market. He told a group that followed his recommendations that he thought the market would crash by mid-October of that year. Almost to the very day, the crash came. On October 19, 1987, the Dow lost 22.6% of its value in a single day. The S&P 500 lost 20.5%. Nearly everyone who followed Guarino’s advice that day made 5,000% profits when the market crashed. They multiplied their money by 50 times. Suppose you had been lucky enough to follow Guarino’s recommendations then. Starting with, say, a $100,000 account, you could have ended up with $5 million. In one day. In the opinion of many, it was the greatest one-day trading record in the history of mankind – although I heard that Guarino has topped that record since. It is well documented that Guarino was a lone voice crying in the wilderness, warning that the great stock market rally in the late 1990’s was a fraud; that it would crash and wipe out the little guy. He constantly recommended that subscribers sell the bull market in stocks. It turned out he was right. He called stocks a put-up market, manipulated by Wall Street and greedy corporate scoundrels. He named names, Wall Street firms and Fortune 500 corporations. Many were convicted. Fines totaling hundreds of billions of dollars were paid. (Guarino calls them payoffs.) I understand many bigtime Wall Street players squarely blame Guarino and his publications for their downfall. He calls Wall Street, the investment bankers and the mutual funds a Ponzi scheme, designed to screw the mutual fund super savers out of their hard-earned money. As Guarino predicted, the stock market crash cost retirement savers trillions. Wall Street and the mutual funds were revealed for the fraud they are. In more recent times Nick called gold at $250 an ounce the bargain of the century. He said the dollar was the most overvalued currency in the world. He urged subscribers to buy Euros when they traded at .77 cents to the dollar. He said the U.S budget deficits, balance of trade deficits and national debt are out of control. He now is predicting the dollar will soar like we have never seen before, real estate will be worth 10 pennies on the dollar – and a depression will soon hit, that makes the 1930’s depression a coloring book fight at the preschool. He predicts the stock market will again crash, in Wall Street´s biggest wipeout ever and gold will crash to under $200 dollars an ounce. You can imagine the enemies he has made. Wall Street, mutual funds, politicians, the bought-and-paid-for Wall Street media, and lap-dog regulators want to shut him up. He says the Wall Street prosecutions and fines paid are just tax-deductible fines, chump change, for these trillion dollar industries. He calls the penalties a joke – a slap on the wrist to appease the masses. They have tried everything to stop him. But to no avail. The more they attack him, the more popular he has become with the little guy. He keeps up his one-man crusade to warn people of the corruption that will steal their life savings. Here are some more disclosures and disclaimers we have made on this web site (service), in paper publications and solicitations for years. We reprint them here so you can see them in one place at one time. Important Notice About the Risks of Trading The trades and the profits discussed on this web site are not computer-generated theoretical fluff. They are potential or hypothetical profits based on the actual recommendations made by us, to our subscribers, in our newsletter, premium newsletter and emailed-overnight special issues. The calculations were made based on those recommendations and based on market prices at the time those recommendations were made, from start to finish. However, hypothetical or simulated performance results have certain limitations unlike an actual performance record. Simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is no guarantee of future profits. As we have often told you never trade with money you cannot afford to lose. High risk of loss There is a high risk of loss in any kind of trading and that is especially true in trading commodity futures. Therefore, only genuine risk funds should be used. Meaning money you can afford to lose. Futures may not be suitable investments for all individuals, and individuals should carefully consider their financial condition and mental attitude about loses. Some people can take large loses keep on trading and move on while others can be devastated by even small loses. You need to consider your loses tolerance before you trade because loess can and will happen in deciding whether to trade. As we have often told you never trade with money you cannot afford to lose Hypothetical performance Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Effect of Leverage Transactions in futures carry a high degree of risk. The amount of initial margin is small relative to the value of the futures contract so that transactions are ‘leveraged’. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. Layering your positions may increase the risk. Risk-reducing orders or strategies The placing of certain orders (e.g., “stop-loss” orders, where permitted under local law, or “stop-limit” orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. Strategies using combinations of positions, such as “spread” and “straddle” positions, may be as risky as taking simple “long” or “short” positions. Suspension or restriction of trading and pricing relationships Market conditions (e.g., illiquidity) and/or the operation of the rules of certain markets (e.g., the suspension of trading in any contract or contract month because of price limits or “circuit breakers”) may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. Although it happens infrequently, it is possible that suspension of trading may prevent trading for one or more days, resulting in substantial losses to futures traders who may find it impossible to liquidate losing future positions. We make no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss or that that any account will or is likely to achieve profits or losses similar to those shown in this publication, solicitations, trading manual & course. Results can and will vary between individuals. We disclaim responsibility for any losses that may result from reliance on this information and data or the opinions expressed. Each subscriber is responsible to use good judgment when trading. Prior to making an investment, one should carefully study any prospectus and/or disclosure document required by the SEC, CFTC or provided by your broker. Please note we are not your broker and not acting in that capacity. We have no personal knowledge of your finical condition or trading activites. We give strictly impersonal finical advise. We are a First Amendment protected publication expressing our opinions about the economy, markets and politics. RISK DISCLOSURE: Futures trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including options, hedging and spreads, contain a high risk. Margins are subject to change without notice. THE RISK OF LOSS IN TRADING COMMODITIES and STOCKS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER SIGNIFICANT ASPECTS OF THE COMMODITY MARKETS. 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