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Silver Prices Log Annual Gain for 2012

December 31, 2012 by · Leave a Comment 

Silver prices traded higher on the last day of 2012, capping an annual increase despite plunging in December and the quarter. On Monday, silver futures for March delivery turned up 25.2 cents, or 0.8%, to settle at $30.23 an ounce on the Comex in New York. Silver prices declined 9.2% in December. Silver in 2012 […]

Related posts:

  1. Silver Prices Soar 10% in September, Padding a Heftier Quarterly Gain
  2. Silver Prices Gain 16.4% on Quarter Despite 6.2% Loss in March
  3. Silver Prices Rally Friday: 3.8% London Weekly Gain; 4.4% in N.Y.

Precious metal downtrend to turn in 2013 – Handwerger

December 31, 2012 by · Leave a Comment 

Reckless spending and soaring government debts should boost precious metals and miners in 2013

Read more….

Mike Kosares: The gold owner’s guide to 2013

December 31, 2012 by · Leave a Comment 

GATA

5:39p ET Monday, December 31, 2012

Dear Friend of GATA and Gold:

In his outlook for 2013, Mike Kosares of Centennial Precious Metals in Denver sees an acceleration of “a sea change in investor psychology” resulting from the inability of major governments to bring order to their finances. That sea change, Kosares writes, is already manifesting itself in large volumes of gold purchases. Kosares’ commentary is headlined “The Gold Owner’s Guide to 2013″ and it’s posted at Centennial’s Internet site, USAGold.com, here:

http://www.usagold.com/cpmforum/2012/12/31/the-gold-owner%E2%80%99s-guid…

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

John Embry gives King World News his outlook for 2013

December 31, 2012 by · Leave a Comment 

GATA

2:32p ET Monday, December 31, 2012

Dear Friend of GATA and Gold (and Silver):

Sprott Asset Management’s John Embry today gives King World News his outlook for the new year. While he is surprised that Western central banks managed to keep gold under as much control as they did this year, he sees that coming to an end in 2013, as well as a rocket launch for silver. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/31_J…

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

The Three Legs of the Precious Metals Bull: Part II

December 31, 2012 by · Leave a Comment 

By Jeff Nielson, Bullion Bulls Canada

In Part I, readers were again reminded of two of the primary reasons we should all be converting our decaying paper currencies to gold and silver. Currency dilution and price-suppression are realities which don’t merely suggest that bullion prices might rise in the future, but rather indicate why they must rise substantially.

However, precious metals investors don’t have to limit themselves to just those two reasons why bullion prices must rise dramatically over the longer term. There is a “third leg” to this argument which is an equally powerful dynamic, and also unequivocally certain to lead to much higher gold and silver prices.

Demographics:

I refer to the third leg of the precious metals bull as “demographics”, but in actuality this is just a reference to some of the extremely potent supply/demand fundamentals which are certain to drive bullion prices much higher.

In the global economy, it is common knowledge that there is a relentless transfer of wealth (and economic power) from West to East, as the thriving economies of Asia have real economic growth and real income growth amongst their populations.

In China, per capita income was only around $1,000/year (USD) in 2003. By 2011, that figure had exploded to nearly $3,500 (USD) per person, and China’s government is expecting a further doubling of that total by 2020. Given the explicit recommendation by official (i.e. government) media for the Chinese people to invest those rising incomes in bullion, we don’t simply suspect that Chinese bullion demand will continue to increase; we can be certain of it.

In India, per capita income finally crossed the $1,000/year threshold in 2011, which has already unleashed a wave of discretionary consumption; as low debt-levels/high savings and a low cost of living mean that Indian households are already rising above a subsistence existence at even these modest income levels.

However, Indians were voracious consumers of bullion even before they rose above this subsistence level, as their peasantry (who lack access to banking services) use their bullion holdings (generally in the form of jewelry) as their means of saving their wealth. This deep, cultural affinity for bullion is obviously unlikely to diminish as incomes rise further.

Instead, as indicated in a recent commentary; India has a huge, national gold-deficit – requiring the importation of hundreds of tons of bullion per year to satisfy domestic demand. With silver also widely held among the populace, there is a large silver deficit as well.

Meanwhile, in Indonesia – another very large Asian population with rising incomes and a growing economy – gold currency has already been introduced into the economy several years ago. And the appetite for gold in the Middle East petro-economies is nothing short of legendary. This is still another demonstration of the general understanding in Asia of a principle which is (as of yet) beyond the ken of Western Sheep: gold is money; paper is merely currency.

More articles from Bullion Bulls Canada….

Copper ETFs and Copper Stocks About To Move Big

December 31, 2012 by · Leave a Comment 

By Chris Vermeulen, TheGoldAndOilGuy

With 2012 now behind us it’s time to start looking for some new long term investments which have big potential gains in the new year. Copper is one metal that has caught my eye.

The long term monthly chart of the copper ETF JJC shows a potential cup and handle pattern accompanied with bullish volume characteristics. Last year copper traded sideways in a narrowing range. This type of price action tends to bore traders and investors forcing them to look elsewhere for new to trades. The saying is “If the market doesn’t shake you out, it will wait you out”

You can see on the monthly chart that the interest in this commodity diminished. You can tell because of the sideways movement and declining volume. I like to focus on investments which are out of favor but are showing signs of another big trend starting. getting on the train before it leaves the station can make for a fun ride. I do post some of my trading ideas with my charts updating live each day here: https://stockcharts.com/public/1992897

Take a look at the charts, analysis and my best copper stock setup below:

JJC – Copper Total Return ETN Profile

Description: The index includes the contract in the Dow Jones-UBS Commodity Index Total Return that relates to a single commodity, copper (currently the Copper High Grade futures contract traded on the COMEX).

CopperMonthly

 

Copper Miner Stocks ETF COPX – Weekly Chart

This ETF holds a basket of copper mining stocks which is showing signs of a new trend starting. Take a look at the top holdings stocks and fund breakdown to get a feel for the exposure it provides.

COPX Top Ten Holdings

  1. Inmet Mining Corporation (IEMMF): 6.62%
  2. KGHM Polska Miedz SA (KGH): 5.24%
  3. Xstrata PLC (XTA): 5.04%
  4. Grupo Mexico, S.A.B. de C.V. (GMEXICO B): 4.89%
  5. Jiangxi Copper Company Limited H Shares (00358): 4.83%
  6. HudBay Minerals, Inc. (HBM): 4.82%
  7. Antofagasta PLC (ANTO): 4.78%
  8. Southern Copper Corporation (SCCO): 4.75%
  9. Lundin Mining Corp (LUNMF): 4.55%
  10. Kazakhmys PLC (KAZ): 4.55%

CopxInfo

DEc28Copx

 

Best Copper Stock Setup – LUNMF

After reviewing the main holdings in this fund I noticed one stock that looks ready to start a new bull market. Lundin Mining. shares look to be building a Stage 1 base and could break out and start to rally any week. Keep in mind 3/4 stocks move with the broad market so we do want the major indexes to find a bottom or at least trade sideways if we want copper stocks to start their run.

CopperMiner

 

Copper Futures, ETF and Stock Trading Conclusion:

Copper has lost its shine over the past 12 months but could start to make headline news in the near future. I like both COPX and LUNMF if we see further strength. If you would like to get more of these trading and investing ideas and alerts be sure to join my newsletter at:

Chris Vermeulen

Disclaimer:
I currently do not own a position in these investment but plan on buying them in the near future. This material should not be considered investment advice. Chris Vermeulen is not a registered investment advisor. Under no circumstances should any content from this website, article, video, seminar or email from Chris Vermeulen (TheGoldAndOilGuy.com) be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must in all cases be made by the reader or by his or her registered investment advisor. This information is for educational purposes only.

Macleod and von Greyerz give their financial outlooks for 2013

December 30, 2012 by · Leave a Comment 

GATA

11:07a ET Sunday, December 30, 2012

Dear Friend of GATA and Gold:

GATA favorities Alasdair Macleod of GoldMoney and Swiss gold fund manager Egon von Greyerz are offering their outlooks for the world economy in 2013.

Macleod’s is posted at GoldMoney here:

http://www.goldmoney.com/gold-research/alasdair-macleod/alasdair-macleod…

Von Greyerz’s comes in an interview with King World News that is excerpted here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/28_2…

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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Opinion Around the World Is Changing
in Favor of Gold — Find Out Why

When Deutschebank calls gold “good money” and paper “bad money”. …

http://www.gata.org/node/11765

When the president of the German central bank, the Bundesbank, pays tribute to gold as “a timeless classic”. …

http://www.forbes.com/sites/ralphbenko/2012/09/24/signs-of-the-gold-stan…

When a leading member of the policy committee of the People’s Bank of China calls the gold standard “an excellent monetary system”. …

http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan…

When a CNN reporter writes in The China Post that the “gold commission” plank in the 2012 Republican platform will “reverberate around the world”. …

http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold…

When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. …

World opinion is changing in favor of gold.

How can you learn why and what it will mean to you?

Read the newly updated and expanded edition of Lehrman’s book, “The True Gold Standard.”

Financial journalist James Grant says of “The True Gold Standard”: “If you have ever wondered how the world can get from here to there — from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren — wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him.”

To buy a copy of “The True Gold Standard,” please visit:

http://www.thegoldstandardnow.com/publications/the-true-gold-standard



Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 20 and 21, 2013
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer…

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16


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Fred Goldstein and Tim Murphy open All Pro Gold

Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and Tim@allprogold.com, Fred at 602-799-8378 and Fred@allprogold.com. Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at http://www.allprogold.com/.


Japan lashes out over depreciating dollar and euro

December 30, 2012 by · Leave a Comment 

GATA

By Takashi Nakamichi and Eleanor Warnock
The Wall Street Journal
Saturday, December 29, 2012

http://online.wsj.com/article/SB1000142412788732353040457820744047487460…

TOKYO — Japan’s new finance minister upped the ante in the country’s war of words against the strong yen, lashing out at the U.S. and Europe for letting their currencies weaken dramatically and calling on the U.S. to strengthen the dollar.

The tirade from Taro Aso, Prime Minister Shinzo Abe’s point person on currency strategy, underscores the increasingly pugnacious stance of the fledgling Abe government against what it sees as a global trend of currency devaluations.

Mr. Abe made weakening an unduly strong yen a plank in his party’s campaign during national elections, which he won resoundingly in mid December. The strong, explicit rhetoric on yen levels from Mr. Abe and his deputies have sparked worries recently that Japan could be fanning the flames of a global currency war.

… Dispatch continues below …


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Fred Goldstein and Tim Murphy open All Pro Gold

All-Pro Gold, run by long-time GATA supporters Fred Goldstein and Tim Murphy, offers its services to GATA supporters and anyone else interested in precious metals. The company brokers a full line of precious metals and numismatic coins. It aims to inform prospective clients about the importance of the monetary metals as part of a diversified financial portfolio and to keep prospective clients current with market trends. All-Pro Gold has competitive pricing and ships promptly to clients so they may have physical possession. Learn more by e-mailing Fred@allprogold.com or Tim@allprogold.com or telephone 1-855-377-4653 or visit www.allprogold.com.



But Mr. Aso’s words also highlight the deep frustration felt by many in Japan over the erosion of the country’s global competitiveness from years of strong yen.

“The U.S. ought to do its job and make the dollar strong. And what about the euro?” Mr. Aso said Friday, during his first set of press interviews after taking office.

Mr. Aso said that the yen’s value had risen sharply versus both currencies since a Group of 20 meeting of major economies three years ago in which countries made a promise not to resort to competitive currency devaluations.

“But tell me how many countries in the G-20 have stuck to that promise,” Mr. Aso said. “We’re the only ones doing things properly. Foreign countries are in no position to lecture us.”

Mr. Aso also told reporters later that he conveyed his thoughts about the yen in a 30-minute phone call to U.S. Treasury Secretary Timothy Geithner, in which “I told him that there is no doubt that the yen’s excessive, one-sided rally in the recent past is gradually being corrected. But I also said there is a good possibility that this situation could change again so we will keep a close watch” on the yen.

Treasury spokeswoman Natalie Wyeth Earnest said Secretary Geithner and Minister Aso spoke by phone Fiday morning, and discussed “the U.S.-Japan economic relationship as well as global economic and financial developments.”

Mr. Aso isn’t alone in airing exasperation at the level of the currency in recent years. A procession of Japanese executives and politicians have bemoaned the yen’s strength, blaming it for a loss of competitiveness, dwindling earnings, bankruptcies, and the relocation of operations abroad.

Since the global financial crisis of the late 2000s, the dollar has fallen 30% to around Y86, putting considerable stress on Japanese exporters, whose products become less competitive overseas when their home currency rises. Much of the dollar decline happened during Mr. Aso’s tenure as the country’s prime minister, which lasted a year until Sept. 2009, and was partly blamed for the severe recession Japan experienced then.

According to market researcher Teikoku Databank, at least 51 companies went bankrupt in the first half of 2012 due to exchange rate-related issues, and their total debt — one indication of the size of their operations — was almost twice that for similar bankruptcies during the preceding four years.

Japanese car makers have been some of the most vocal in calling for relief as yen strength dents profits. Nissan Motor Co., for instance, has said that every Y1 of appreciation against the dollar translates into Y20 billion ($208 million) cuts in the company’s operating profit annually.

“The one major obstacle to competitiveness is the exchange rate,” said Nissan and Renault chief executive Carlos Ghosn, at a Tokyo forum on corporate management two months ago. “I don’t think we are getting enough effort behind this. Many countries are bringing their currency to neutral territory. I’m not asking for incentives here; I’m just asking to bring the yen to neutral territory, allowing companies to do their job. … I am facing Korean competitors in the Middle East. I can’t compete.”

Mr. Ghosn has in the past said that he’d like to see the currency around Y100 to the dollar.

The dollar has recently staged a sharp recovery, as Mr. Abe’s pledge to strong-arm the Bank of Japan into easing monetary policy to weaken the yen has driven investors to sell off the yen. While that has cheered Japan’s struggling exporters, Mr. Abe’s drive toward a weaker currency has also raised concerns abroad that it could risk triggering a devastating global race to undercut currencies to protect export competitiveness.

Mr. Aso brushed aside the concerns as misplaced.

“We are not radically weakening the yen or anything like that,” he said. “We still haven’t taken any policies.”

While the previous government under the Democratic Party of Japan intervened in the market to rein in the yen’s strength, inviting sharp criticism from Washington, when Mr. Aso was prime minister, the government stayed away from the market.

Mr. Aso also acknowledged that a weak yen isn’t without disadvantages.

“The only people who are celebrating seeing the currency weaken are the exporters,” he said. “For importers, if the currency were to weaken, it’s a problem.”

* * *

Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 20 and 21, 2013
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer…

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16


ADVERTISEMENT

Opinion Around the World Is Changing
in Favor of Gold — Find Out Why

When Deutschebank calls gold “good money” and paper “bad money”. …

http://www.gata.org/node/11765

When the president of the German central bank, the Bundesbank, pays tribute to gold as “a timeless classic”. …

When a leading member of the policy committee of the People’s Bank of China calls the gold standard “an excellent monetary system”. …

http://www.forbes.com/sites/ralphbenko/2012/10/01/signs-of-the-gold-stan…

When a CNN reporter writes in The China Post that the “gold commission” plank in the 2012 Republican platform will “reverberate around the world”. …

http://www.thegoldstandardnow.org/key-blogs/1563-china-post-the-gop-gold…

When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. …

World opinion is changing in favor of gold.

How can you learn why and what it will mean to you?

Read the newly updated and expanded edition of Lehrman’s book, “The True Gold Standard.”

Financial journalist James Grant says of “The True Gold Standard”: “If you have ever wondered how the world can get from here to there — from the chaos of depreciating paper to a convertible currency worthy of our children and our grandchildren — wonder no more. The answer, brilliantly expounded, is between these covers. America has long needed a modern Alexander Hamilton. In Lewis E. Lehrman she has finally found him.”

To buy a copy of “The True Gold Standard,” please visit:

http://www.thegoldstandardnow.com/publications/the-true-gold-standard


Keiser offers silver rounds to protest occupation by bankers

December 29, 2012 by · Leave a Comment 

GATA

4:50p ET Saturday, December 29, 2012

Dear Friend of GATA and Gold (and Silver):

Journalistic provocateur Max Keiser of Russia Today’s “The Keiser Report” has partnered with the Northwest Territorial Mint to strike another blow against the monetary metals price suppression scheme, together offering 1-ounce silver rounds engraved in the name of the “Global Insurrection Against Banker Occupation.” Foremost among those bankers, of course, is J.P Morgan Chase & Co. “These bullion rounds,” the mint says, “will serve as investment, conversation piece, and political statement all at once” — maybe the sort of political statement that can get you accused of counterfeiting just when habeas corpus happens to be suspended.

But then if you’re receiving these dispatches you already may be on a few “national security” lists, so there’s probably no extra harm in taking a look:

http://bullion.nwtmint.com/keiser_ethical_silver_round.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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How to profit in the new year with silver –
and which stocks to buy now

Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.

Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.

To learn about this report, please visit:

http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp…



Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 20 and 21, 2013
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer…

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16


ADVERTISEMENT

GoldMoney adds Singapore vaulting option

In addition to its precious metals storage facilities in Hong Kong, Switzerland, Toronto, and the United Kingdom, now with GoldMoney you can store gold and silver in Singapore in a high-security vault operated by Brink’s Singapore Pte Limited. To celebrate the launch of this storage option, GoldMoney is offering a discount on buy and exchange fees at this vault for any orders above US$10,000 (or the equivalent) until January 11, 2013. Tthe gold buy rate is 0.98%, while the silver rate is 1.99%. Metal exchanges into Brink’s Singapore will also be discounted for this period and will be charged at 0.78% for gold and 1.75% for silver. Simply place your order online and the above rates apply automatically until January 11, 2013, 15.00 UK time. To find out more about the new vault, please visit:

http://www.goldmoney.com/singapore?gmrefcode=gata

GoldMoney customers can take delivery of any number of gold, silver, platinum, and palladium bars from any GoldMoney vault, as well as personally collect their bars stored in the Hong Kong, Switzerland, and U.K. vaults.

It’s easy to open an account, add funds, and liquidate your investment. For more information, visit:

http://www.goldmoney.com/?gmrefcode=gata


US Mint Sales: Limited Edition Silver Proof Sets Climb

December 28, 2012 by · Leave a Comment 

Demand grew for 2012 Limited Edition Silver Proof Sets according to the newest array of U.S. Mint’s weekly sales data, but it dwindled for two other popular products containing silver coins. While U.S. Mint sales did not exactly explode, collectors still pulled out their credit cards for 515 more 2012 Limited Edition Silver Proof Sets […]

Related posts:

  1. US Mint Limited Edition Silver Proof Set Opening Sales
  2. 2012 Limited Edition Proof Sets Include 90% Silver Coins and Eagle
  3. US Mint Sales – Silver Eagles Top 21 Million, Veterans Proof Climb

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