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Institutional Advisors NOTE TO READER  
Errors Omissions and Exceptions

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Credit David Brown & Bob Hoye

DISCLAIMER & COPYRIGHT

The opinions in the Institutional Advisors reports and website are solely those of the authors.

Information is obtained from various sources; however we do not guarantee its accuracy or completeness. 

Our research reports and website content is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive our reports or view our website content. 

Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in our reports or website and should understand that statements regarding future prospects may not be realized. 

Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance.

Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures contracts. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in our reports or website. 

In addition, investors in securities such as ADRs, whose values are influenced by the currency of the underlying security, effectively assume currency risk. 

Moreover, from time to time, members of the Institutional Advisors team may be long or short positions discussed in our publications. Our publication schedule and our opinions are subject to change. 

Copyright© Institutional Advisors ~ All Rights Reserved®

original independent financial market forecasting since 1980 ONE MONTH FREE TRIAL
Bob Hoye Editor & Chief Investment Strategist ~
www.institutionaladvisors.com
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