DISCLAIMER: The MacroTourist newsletter should not be construed as investment advice. None of the securities mentioned in this publication are presented as recommendations to buy or sell. The MacroTourist newsletter is for entertainment purposes only. The information contained in this publication has been compiled by Kevin Muir from sources believed to be reliable, but no representation or warranty, express or implied, is made by Kevin Muir, The MacroTourist, Wintor Capital Ltd., its affiliates or any other person as to its accuracy, completeness or correctness. The information contained in such publication is not intended to constitute legal, accounting or tax advice or individually-tailored investment advice and is not designed to meet your personal financial situation. The investments discussed in this publication may not be suitable for you. This publication makes no security recommendations whatsoever and is for educational purposes only. This publication is not, and under no circumstances should be construed as, a solicitation to act as securities broker or dealer. The opinions expressed in the publication are those of the publisher and are subject to change without notice. The information in the publication may become outdated and there is no obligation to update any such information. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. To the full extent permitted by law neither Kevin Muir, the MacroTourist, Wintor Capital Ltd. nor any of its affiliates, nor any other person, accepts any liability whatsoever for any direct, indirect or consequential loss arising from, or in connection with, any use of this publication or the information contained herein. Kevin Muir, the MacroTourist, Wintor Capital Ltd. and its affiliates and their directors and officers may hold or acquire securities covered in this publication, and may purchase or sell such securities at any time, including security positions that are inconsistent or contrary to positions mentioned in this publication, all without prior notice to any of the subscribers to this publication.