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<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" rowspan="2" width=210 BGCOLOR="#99CC99" TEXT="#080000" bgproperties="fixed" background="1958dfc3.jpg"> <bR> <div> <B>Need a great tax guy? Like many of my clients I use James Hess CPA </B><A HREF="http://www.jhesscpa.net" TARGET="_top" TITLE="http://www.jhesscpa.net"><U><B>http://www.jhesscpa.net</B></U></A></div> <div> <B> </B></div> <bR> </td> <td valign="top" colspan=2 height=110 BGCOLOR="#CCCC99" TEXT="#080000" bgproperties="fixed" background="1968dfe1esnpes.jpg"> <div> <FONT SIZE="5" COLOR="#336666" FACE="Arial" ><B>Michael "Woody" O'Brien ChFC</B></FONT><B>     </B><B>|</B><B>     </B><A HREF="index.htm" TARGET="_top" TITLE="Michael Woody OBrien ChFC"><U><B>home</B></U></A></div> <div> <A HREF="id17.htm" TARGET="_top" TITLE="sage"><U>sage</U></A>   |   <A HREF="id18.htm" TARGET="_top" TITLE="june draft"><U>june draft</U></A>   |   <A HREF="id19.htm" TARGET="_top" TITLE="contact"><U>contact</U></A>   |   <A HREF="id20.htm" TARGET="_top" TITLE="wot "><U>wot </U></A>   |   <A HREF="id31.htm" TARGET="_top" TITLE="pa sucks"><U>pa sucks</U></A>   |   <A HREF="id32.htm" TARGET="_top" TITLE="impeach"><U>impeach</U></A>   |   <A HREF="id22.htm" TARGET="_top" TITLE="conf liab"><U>conf & liab</U></A>   |   <B>gafa</B>   |   <A HREF="id24.htm" TARGET="_top" TITLE="ufp"><U>ufp</U></A>   |   <A HREF="id25.htm" TARGET="_top" TITLE="links"><U>links</U></A>   |   <A HREF="id26.htm" TARGET="_top" TITLE="uni"><U>uni</U></A>   |   <A HREF="id27.htm" TARGET="_top" TITLE="fraud alert"><U>fraud alert</U></A>   |   <A HREF="id29.htm" TARGET="_top" TITLE="my book"><U>my book</U></A>   |   <A HREF="id30.htm" TARGET="_top" TITLE="4ebay"><U>4ebay</U></A>   |   <A HREF="id36.htm" TARGET="_top" TITLE="uc"><U>uc</U></A>   |   <A HREF="id33.htm" TARGET="_top" TITLE="peace"><U>peace</U></A>   |   <A HREF="id34.htm" TARGET="_top" TITLE="dr williams"><U>dr williams</U></A>   |   <A HREF="id37.htm" TARGET="_top" TITLE="new info"><U>new info</U></A>   |   <A HREF="id38.htm" TARGET="_top" TITLE="jihad"><U>jihad</U></A>   |   <A HREF="id40.htm" TARGET="_top" TITLE="911 Truth"><U>911 Truth</U></A>   |   <A HREF="id41.htm" TARGET="_top" TITLE="my letters"><U>my letters</U></A>   |   <A HREF="id42.htm" TARGET="_top" TITLE="2900mkt"><U>2900mkt</U></A>   |   <A HREF="id43.htm" TARGET="_top" TITLE="Illegal aliens"><U>Illegal aliens</U></A></div> <div> </div> </td> </tr><tr> <td valign="top" height=370 colspan=2 BGCOLOR="#CCCC99" TEXT="#080000" bgproperties="fixed" background="1968dfc3.jpg"> <div> <I>gafa</I></div> <div> all information on this page is covered by the document confidentially and liability agreement available via the above click thru marked "Conf & Liab". </div> <bR> <div> <B>          </B></div> <div> <B>welcome to gafamutualfunds.com </B><B>investment web site of Michael "Woody" O'Brien Chfc for clients of Guardian Angel Financial Advisory firm.</B></div> <bR> <div> <B>Welcome! For the nearly 30 years now I have been a financial advisor there have never been more choices for investors or more financial landmine's to avoid. Irrational prices occur in every market cycle, yet the lesson of the turtle and the hare: slow and steady wins the race long term is often forgotten.</B></div> <bR> <div> <B> In a nutshell, conservative investing based on value, not speculation, works longer term. I offer asset allocation advisory services for retirees, retirement plans (inc. 401k) trusts, college savings, and non-qualified account investors on their choice of a flat fee, hourly, transaction or percentage of assets basis. My average gross revenue is a low 0.65% per year on invested assets before of expenses and 0.20% after expenses (aka: $200 per year per 100k of account value).</B></div> <bR> <div> <B>A recent study that claims only 1 in 10,000 financial advisors have a 20 year career without being sued. I am now near 30 years without even one dispute for one simple reason: Nobody is better informed or spends more time watching all global markets in pursuit of  successful investment returns using lower risk funds.</B></div> <bR> <div> <B>I have NEVER lost a client because I lost them money. My work ethic is simply watching every market, everyday. When you study all markets everyday, like a devoted scientist, in spite of short term gyrations, you can do quite well over longer term periods. My longer term track record vs the sp500 (see below) is evidence of this approach.</B></div> <bR> <div> <B>Please feel free to email me (</B><A HREF="mailto:mike@gafamutualfunds.com" TARGET="_top" TITLE="mailto:mike@gafamutualfunds.com"><U><B>mailto:mike@gafamutualfunds.com</B></U></A><B>) </B><B>with any question or inquiry on how I can assist your investment goals. Client references are available on request.</B> </div> <bR> <div> <B>Our model portfolio results as of 9-30-2008</B></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="592" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=BOTTOM HEIGHT= 20 WIDTH="155"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="155" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=BOTTOM WIDTH="87"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="87" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>qrt</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>2008</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>since </B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 WIDTH="155"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="155" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>3rd qrt</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>vs sp500</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>ytd</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>12-31-04</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 39 WIDTH="155"><div> <B>Putnam model portfolio</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>-8.98%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>0.02%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>-7.81%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>18.65%</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 ><NOBR><div> <B>Franklin   "         "</B></div> </NOBR></tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>-14.26%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>-5.26%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>-8.54%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>30.39%</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 ><NOBR><div> <B>Valumark "         "</B></div> </NOBR></tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>-6.76%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>2.24%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>-2.37%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>17.29%</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 ><NOBR><div> <B>AIM A     "          "</B></div> </NOBR></tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>-14.32%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>-5.32%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>-8.10%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>na</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 ><NOBR><div> <B>AIM B     "          "</B></div> </NOBR></tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>-14.54%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>-5.54%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>-8.64%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>na</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 WIDTH="155"><div> <B>SP500  index</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>-9.00%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>0.00%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>-20.68%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>-2.43%</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 ><NOBR><div> <B>US dollar index</B></div> </NOBR></tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>8.81%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>17.81%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>3.45%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>-10.96%</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 WIDTH="155"><div> <B>Gold</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>-5.83%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>3.17%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>4.40%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>200.39%</B></div> </tD> </tR> <tR> <tD VALIGN=BOTTOM HEIGHT= 20 WIDTH="155"><div> <B>Oil</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="87"><div> <B>-27.38%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="106"><div> <B>-18.38%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="99"><div> <B>6.29%</B></div> </tD> <tD VALIGN=BOTTOM WIDTH="115"><div> <B>104.04%</B></div> </tD> </tR> </TABLE></div> <bR> <div> <B>Of course individual percentage results can be slightly higher or lower by new money invested or old money withdrawn during 2008. The last quarter aside, our track record vs the sp500 in recent years is very good. Nearly all my (and Holly's) personal wealth is invested in the </B><B><U>EXACT SAME model portfolios my clients are invested in</U></B><B>, so be assured how we ALL survive & prosper thru this crisis consumes me 24/7. Recently, I even got an apple Iphone to be able to easily check overseas markets while most people are sleeping. </B></div> <bR> <bR> <div> <B>3rd quarter 2008 chart: SP500 index in blue, gold in red as of 7/1/08.</B></div> <div> <B><IMG SRC="35300200.png" border=0 width="512" height="288" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></div> <bR> <bR> <div> <B>My market commentary as of 10/1/2008 </B><FONT SIZE="4" COLOR="#000000" FACE="Arial" ><B><U>Short executive summary</U></B></FONT><B>: </B></div> <bR> <div>  </div> <div> <B><U>The SP500 has lost 20.68 % in 2008's first nine months.</U></B><FONT SIZE="3" COLOR="#000000" FACE="Arial" ><B> Our mutual fund model portfolios are down -2.37% to -8.34% in the same 2008 period.</B></FONT></div> <bR> <div> <B>I remain bearish on most socks for the next 12-24 months because:</B></div> <bR> <div> <B>1. Bailouts: The politicians who advocate taxpayer bailouts are either fools or liars. There is nothing net good for America in taxpayer debt bailouts, they will result in hyperinflation.</B></div> <bR> <div> <B>2. Energy prices: Demand and prices are softening some on global economic weakness, but when the dollar starts falling again AFTER THE ELECTION, and in 2008-2009 energy priced in US dollars will most likely again soar to new all time highs.</B></div> <bR> <div> <B>3. Housing: most residential real estate still looks like a black hole, however a falling dollar could help "no debt" commercial real estate markets make a  bottom soon.</B></div> <bR> <div> <B>4. Gold & commodity prices: Given dollar & debt problems there is no likely way gold stays under $1000 an ounce much longer or is under $2500 an ounce by 2012. With bailout inflation, wild predictions by some economists of $5 eggs, $10 milk, $8 gas, and $5000 gold priced in dollars are no longer absurd. </B></div> <div> <B>  </B></div> <div> <B>5. Confidence: Confidence in the financial system is simply toast, expect dozens of additional bank runs just like Wamu & Wachovia. </B></div> <bR> <bR> <div> <B>6. Earnings: Profits of most US public companies are imploding, esp. the ones who sell anything but food to up to high debt consumers. It will take a miracle for AT LEAST one of the big 3 auto companies to avoid bankruptcy in the next 12 months. </B></div> <bR> <div> <B>7. Bird flu: Outbreaks of bird flu keep popping up in the 3rd world, no documented mutation of bird flu killing anyone by human to human transmission has yet occurred. The risk of bird flu pandemic mutation spread by human to human contact is clearly on the rise. Experts claim bird flu could kill 30-50 million Americans and a billion people worldwide.</B></div> <bR> <div> <B><U>My long version market commentary</U></B><FONT SIZE="3" COLOR="#000000" FACE="Arial" ><B>: </B></FONT></div> <bR> <div> <B>Since July 1st 2008 the wild price swings of almost every asset classes have broken nearly all records for price volatility. In my decades in this business (30 years on 1/5/09), I have seen more blatant, illegal market manipulation, by central banks in the last 90 days, then all the shenanigans I have witnessed since I was a financial services rookie in 1979.</B></div> <bR> <div> <B><U>What going on in financial markets? In a nutshell, what we are seeing unfold is nothing short of World War 3. </U></B></div> <bR> <div> <B>However, this war is not being fought with tanks, or planes, its being fought with economic power and over economic power.</B></div> <bR> <div> <B>There are many questions in this war between our 98% corrupt, bankster owned, US government vs everybody else on the planet.</B></div> <bR> <div> <B>Has the day of debt reckoning finally arrived, for an America underwater in unpayable debts accumulated since 1913?  Are global central banksters running out of tricks to manipulate the exchange value of the US fiat dollar? Is our "backed by nothing" debt based dollar note of the private federal reserve doomed to eventually fall to worthlessness?</B></div> <bR> <div> <B>Is this crisis a pretext to gradually inflate the dollars purchasing power into dust so at some point a new "North American" currency can be ushered in? An "Amero" currency would combine Canadian, Mexican and US sovereignty the same way the Euro combines Europe. </B></div> <bR> <div> <B>Will foreigners and investors keep lending the US government and consumers money they can't repay without e-printing inflation?</B></div> <bR> <div> <B>Is American democracy simply dead when, seemingly at will, PRIVATE central banksters with unchecked money power can so completely own most of our alleged "leaders" they can dump TRILLIONS of toxic PRIVATE debt at taxpayers door when its openly admitted </B><B><U>nearly 100% calls and emails from Americans to congress were in TOTAL opposition to the fraudulent bailout. </U></B></div> <bR> <div> <B>Look at the failures of Fanny Mae, Freddie Mac, Bear Sterns, Merrill Lynch, Washington Mutual, Lehman brothers, AIG, Wachovia and many many more to come. What they all have in common is the toxic waste debts in them is headed to taxpayers, while the valuable remaining assets are being gobbled up by HUGE money center banks like J.P. Morgan, Citibank, Bank of America and Wells Fargo.</B></div> <bR> <div> <B> Those very same money center banks are some of the shareholder OWNERS of the PRIVATE federal reserve bank and are the HUGE beneficiaries of the crisis the fed they jointly own created.  If you don't smell the rat in that fraudulent arrangement, check your pulse. </B></div> <bR> <div> <B>How over the top fraudulent is the bailout? The bailout proposal makes Treasury sectary Hank Paulson more powerful then congress or the president. The bailout creates unchecked power for ex-Goldman Sachs CEO now treasury sectary Paulson to make sweetheart deals with his former firm, where most of his wealth remains invested in and his other central bankster buddies. Don't be surprised if when McCain or Obama wins Paulson will remain the sectary of treasury, or is replaced by NJ governor Jon Corzine who was, believe it or not, also the former co-CEO of Gold Sacks with, you guessed it Hank Paulson. How much does that treason filled fraud stink?</B></div> <bR> <div> <B> </B></div> <div> <B>There can never be a real and lasting cure for America's economic cancers without total abolition of the PRIVATE federal reserve bank. </B></div> <bR> <div> <B>We need only to read our history books to verify this truth. When President Andrew Jackson abolished the 2nd American central bank in 1832 it resulted in over 80 years of ZERO inflation GROWTH. To this day that record remains the longest period of no net inflation economic growth in the history of mankind.</B></div> <bR> <div> <B>Its clear as I write this some form of the 700 billion dollar plus bailout will pass shortly. Because there is nobody in the world big enough or dumb enough to lend Uncle Sam 700+ billion more of unpayable debt on this bailout folly its 99% certain the money will be e-printed and paid for with HUGE inflation after the election, and in 2009 and beyond. Thus, EXPECT the prices of food and fuel to soon skyrocket.</B></div> <bR> <div> <B>So what does a savvy investor do right now?</B></div> <bR> <div> <B> In my opinion the MOST important thing is to ignore all of today's blatant pre-election manipulation of markets and the current prices of stocks, gold, energy, and the dollar.</B></div> <bR> <div> <B> A good example of this: The spot market prices for paper Gold and silver contracts for future delivery are meaningless. Real people are, by the millions, bidding for immediate physical delivery of gold and silver from dealers and on ebay at prices 20-50% above spot markets.  Immediate delivery prices of gold and silver are the REAL PRICE, not spot markets paper promises. Many metals dealers are simply out of good inventory to sell to investors a few days each week. In real life shortages are why prices soar.</B></div> <bR> <div> <B>Once the election is over (and at this point it does not appear to matter one bit economically who wins) the waves of illegal over the top manipulations of markets and prices we see now will most likely recede greatly.</B></div> <bR> <div> <B> The question for all investors is NOT what assets are priced at in today's manipulated markets. The question is what will prices for assets be in a year as bailout hyperinflation surges, and the dollar collapses. </B></div> <bR> <div> <B>Dollar based paper based assets like most US stocks and bonds will most likely do VERY poorly in the next year.</B></div> <div> <B>Real assets like Gold, energy, non-dollar holdings, and a few real estate categories are inflations most likely beneficiaries</B></div> <bR> <div> <B> With America is on the edge of an hyperinflation abyss, the downside risk of most stocks remains substantial. However, the upside possibilities of inflation assets like gold and energy in the next 6-24 months is easily 80-100%. That's why our model portfolios will remain overweighed in gold, energy, and non-dollar funds. Its possible we may soon invest a small percentage of the model portfolios back into commercial real estate funds. </B></div> <bR> <div> <B> I have ZERO doubt, even with the bailout, we remain at the most dangerous moment for the worlds financial system since 1929. </B></div> <bR> <div> <B>None of the above reasons, I am bearish on stocks are reasons to have anything beyond current bills and emergency money in banks (credit unions ARE MUCH SAFER). Those deposits are VERY vulnerable to stagflation. Bank CD now really means, Certain Devaluation of your purchasing power by the maturity date.</B></div> <bR> <div> <B>In spite of the last quarter our model portfolios of money funds, inflation protected bonds, global-hard currency bonds, energy and/or gold funds should do VERY well in the next 12-24 months and are well deserving of your investing of new money.</B></div> <bR> <div> <B>I am also recommending clients consider holding a small amount of their wealth in physical delivered gold and silver from a dealer like apmex.com. I am available by email and phone for anyone who needs a consult on what good precious items are available for investment via the apmex.com web site.</B></div> <bR> <div> <B>Carpe Diem,</B></div> <div> <B>Michael "Woody" O'Brien ChFC</B></div> <bR> <div> <B>Please click on the "contact me" link above or e-</B><A HREF="mailto:mike@gafamutualfunds.com" TARGET="_top" TITLE="mailto:mike@gafamutualfunds.com"><U><B>mailto:mike@gafamutualfunds.com</B></U></A> <B>if you have new money to invest now or any kind of questions regarding your accounts or any investment question. </B></div> <bR> <div> <B><U>I greatly appreciate your referrals</U></B><FONT SIZE="3" COLOR="#000000" FACE="Arial" ><B>, especially to those retiring or changing jobs with 401k or other pension distribution money to invest. When not prohibited by state law I send 1oz silver coin(s) as a thank you to all existing clients who send me new clients with over 25k to invest in A or B shares. Remember the less time I spend looking for new clients, the more time I have to keep a watchful eye on everyone's money.</B></FONT></div> <bR> <div> <B>Call anytime me at 1-800-479-CHFC (local 717.691.0605) </B></div> <bR> <div> <B>Please note for security of your records, my street address is NEVER posted anywhere on my web site. My snail mail zip code 21795 po box address is on all your statements. If you are not sure of the address to send me US postal service snail mail call me at the numbers shown above.</B></div> <bR> <bR> <div> <B>PLEASE SEND ME YOUR REGULAR OR CELL PHONE EMAIL ADDRESS IF YOU HAVE ONE AND RECEIVED THIS NEWSLETTER VIA REGULAR US MAIL.</B></div> <div> <B> <a href="http://www.udub.net/" target="_top"><img border="0" alt="" src="http://dog.hit-counter.udub.com/counter/index.php?u=fredgafa&s=scoreboard" ALIGN="middle" HSPACE="4" VSPACE="2"></a><br><a href="http://www.udub.net/" target="_top"><font color="#666666">udub</font></a>  </B></div> <bR> <div> <B><U>last update 10-03-08 5pm est</U></B></div> </td> </tr></table></body>