-LEGAL DISCLAIMER-
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Legal Notice / Disclaimer - Important Legal Information About Using this Web Site: This site is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security. This web site does not intend to provide investment, tax or legal advice. Guild Investment Management does not represent that the securities, products, or services discussed in this web site are suitable or appropriate for all investors. The site may not meet your specific needs or requirements. Any market analysis constitutes an opinion that may not be correct. You must make your own independent investment decisions or obtain professional advice from your advisors before making investment decisions.

The information on this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject Guild Investment Management to any registration requirement within such jurisdiction or country.

The material on this site, including any opinions expressed herein, are subject to change without notice. In addition, there are many market, currency, economic, political, business, technological and other risks that are beyond our control. We make reasonable efforts to provide accurate content on the site. However, some content and some of the assumptions, formulas, algorithms and other data that impact the content may be inaccurate, outdated, or otherwise inappropriate. In addition, we may have conflicts of interest with respect to any investments mentioned on the site. Our principals and our clients may hold positions in investments mentioned on the site or we may take positions contrary to investments mentioned on the site.

BY USING THIS SITE YOU AGREE THAT GUILD INVESTMENT, INC. AND ITS PRINCIPALS ARE NOT LIABLE FOR ANY ACTION YOU TAKE OR ANY DECISION YOU MAKE IN RELIANCE ON ANY CONTENT. WE DO NOT GIVE INDIVIDUALIZED INVESTMENT RECOMMENDATIONS, OR ACCOUNTING, TAX OR LEGAL ADVICE ON OR THROUGH THE SITE.

Although the Site includes investment related information, you should not consider anything you find on the Site to be a recommendation that you buy, sell, hold or otherwise invest in an individual security, or any other investment or asset.

Certain of the content at this web site, including Guild's current and past market commentaries, is protected by copyright. Apart from any use permitted under the Copyright Act, you must not copy, frame, modify, transmit or distribute the market commentaries, without seeking the prior consent of Guild.

You may have been referred to this site by some other person or organization or may have linked to this site from the website of another organization. We appreciate such referrals, but are not affiliated with any persons or organizations who may have referred us to you, and we do not pay for any such referrals. In addition, any persons making referrals are not responsible for Guild's portfolio management decisions, which are the sole responsibility of Guild.