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The The Madison Letter is published by The Silver & Gold Report, LLC. As a publisher of a financial newsletter of general and regular circulation, we cannot tender individual investment advice. Only a registered broker or investment advisor may advise you individually on the suitability and performance of your portfolio or specific investments.

In making any investment decision, you will rely solely on your own review and examination of the facts and the records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claim, damages, loss or expense arising out of or in connection with the reliance by you on the contents of our web site, any promotion, published material, alert or update.

The editor, publisher, and directors of The The Madison Letter flatly promise no front-running. We will not initiate a position in any stock we have recommended for 10 business days before our original recommendation and 10 business days after any subsequent recommendation. Anyone who does is fired immediately. We love the securities we recommend and we can not wait to invest in them ourselves but YOU ALWAYS COME FIRST.

All profit examples are hypothetical, assuming that subscribers bought and sold at the time the recommendations were issued. Actual results can and do vary based on day of execution and commission charges.

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. The The Madison Letter and all individuals affiliated with The The Madison Letter assume no responsibilities for your trading and investment results.

Free trials, money-back guarantees, and refunds. Free trial subscriptions require you, the participant, to provide a valid credit card number. If you do not call our Subscriber Services team to cancel your subscription by the last day of your free trial, your credit card will be charged in the applicable price for the term of subscription you chose. Monthly subscribers may cancel at any time without incurring further credit card charges, but will not be given pro-rated refunds. Regular-priced one-year and two-year subscriptions offer limited money-back guarantees. These guarantee periods are not provided in addition to a free trial period. If you are given a 60-day money back guarantee, for example, and have signed up for a 30-day free trial, the guarantee is good only for 60 days -- NOT 90 days. We do not give pro-rated refunds after the applicable guarantee has expired. If you have already participated in a free trial for any term within this service, you are ineligible to receive an additional free trial. Our records will verify that you have already received a free trial, and your credit card will be billed immediately and automatically. Some very discounted offers are non-refundable. Please read the promotion carefully.

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Gold and Energy Advisor interviews The Madison Letter