{"id":29273,"date":"2012-06-18T12:27:00","date_gmt":"2012-06-18T12:27:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/spot-on-mayans-forecast-2012-as-end-of-era-says-prominent-swiss-money-manager\/29262\/"},"modified":"2012-06-18T12:27:00","modified_gmt":"2012-06-18T12:27:00","slug":"spot-on-mayans-forecast-2012-as-end-of-era-says-prominent-swiss-money-manager","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spot-on-mayans-forecast-2012-as-end-of-era-says-prominent-swiss-money-manager\/29273\/","title":{"rendered":"Spot on!  \u201cMayans Forecast 2012\u201d as \u201cEnd of Era\u201d, Says Prominent Swiss Money Manager"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc--><br \/>\n<!--\/mfunc--><\/p>\n<p>It\u2019s all too clear to long-time <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a> and <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver<\/a> investors, the finally days have come for a collapse of the global financial system.\u00a0 No doubt about it, this time.\u00a0 <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">Gold<\/a> and <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver<\/a> will take its rightful place as money whether the global monetary magicians like it, or not.<\/p>\n<p>In a striking interview on <em>King World News<\/em>, Egon von Greyerz of Switzerland-based Matterhorn Asset Management told Eric King the financial world is in collapse\u2014right now\u2014in 2012\u2014just in time to vindicate the Mayan prophecy buffs who have been repeatedly ridiculed as \u2018unsteady\u2019 throughout the year of financial turmoil.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>With Cyprus, Greece, Spain and Italy (now Slovenia) collapsing at once, \u201cit\u2019s incredible that the Mayans forecast 2012 would be the end of a major era,\u201d said von Greyerz.\u00a0 \u201cIt looks, today, like we are standing on the eve of massive changes in the world that will have consequences for a long, long time to come.\u201d<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc--><\/p>\n<p><!--\/mfunc--><\/p>\n<p>Time is on the side of every <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a> and <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver<\/a> stacker.\u00a0 The trend is up, and any steep drop in the paper price (albeit from a JP Morgan takedown or industrial buyers slacking of purchases from bad economic news) has triggered the Pavlovian response from accumulators of physical to \u2018back up the truck\u2019 and drain inventory from the Comex.\u00a0 That knee-jerk reaction, buying on paper market dips as well as buying truck loads on crashes is a relatively new phenomenon in the precious metals markets.<\/p>\n<p>That patience and forthrightness throughout the 11-year precious metals bull market may be well rewarded soon, according to von Greyerz.<\/p>\n<p>FOCUSING UPON THE PHYSCIAL <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">SILVER<\/a> MARKET AND GLOBAL QE PACKAGE<\/p>\n<p>Not only are fiscal budget deficits and sovereign debt levels unsustainable, so is the rate of physical <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a> leaving inventories.\u00a0 To put the silver market into a proper prospective, especially to newcomers, here\u2019s a recap of Eric Sprott\u2019s interview with FinancialSense Newshour of October 19, 2011.\u00a0 It\u2019s worth repeating a spot-on interview with a dealer who has his ear to the ground on a daily basis.<\/p>\n<p><em>It\u2019s all about the physical market.<\/em><\/p>\n<p>\u201cThere\u2019s a paper market; there\u2019s a physical market.\u00a0 The physical market is what I analyze more than anything else.\u00a0 And all I see is buyers.\u201d<\/p>\n<p><em>The markets recognize <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a> as a reserve <a href=\"http:\/\/www.knowfinance.com\/currency\/\" target=\"_blank\" rel=\"noopener\">currency<\/a>, and silver cannot be far behind.<\/em><\/p>\n<p>Sprott: \u201cOne of things I believe, sort of, on a longer-term prospective, is that, the markets have made <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> the reserve <a href=\"http:\/\/www.knowfinance.com\/currency\/\" target=\"_blank\" rel=\"noopener\">currency<\/a> . . . it\u2019s gone up hundreds of percent against every currency in the world, so it is the world\u2019s reserve currency as far as the markets go.\u00a0 And, as an offset to that, gold is not going to be a reserve currency without silver playing a hand, here.\u201d<\/p>\n<p><em>Historically, silver trades at an \u2018equilibrium\u2019 price of 1\/15<sup>th<\/sup> the cost of gold.\u00a0 Today, gold trades at more than 50 times the price of silver\u2019s price.<\/em><\/p>\n<p>Sprott: \u201cGive it three to five years, we\u2019re going to get back to ratios which are way more appropriate to the underlying fundamentals of gold and silver.\u201d<\/p>\n<p><em>The global banking crisis will drain cash from the monetary system into gold and silver.<\/em><\/p>\n<p>Sprott: \u201cIf you think it\u2019s bad for banks, today, wait until you deal with a couple of years of negative GDP growth and what happens to the value of those [tier-3] paper assets that they own, because it will get worse.\u00a0 One thing I\u2019ve always imagined . . . the ultimate destiny for gold and silver is that, people will prefer to own those investments rather than have their money in the bank.\u201d<\/p>\n<p>See BER article regarding future GDP, <a href=\"http:\/\/www.beaconequity.com\/jim-rogers-most-dire-warning-please-get-worried-2012-06-04\/\" target=\"_blank\" rel=\"noopener\">Jim Rogers\u2019 Most Dire Warning, Please Get Worried<\/a><\/p>\n<p><em>Conventional commentary on the state of the banking system is completely wrong.\u00a0 Ignore it.<\/em><\/p>\n<p>Sprott: \u201cThree months ago (July 2011), when they did the European stress test, Dexia bank was considered to be the most well-capitalized bank.\u00a0 And three months later, they were . . . I don\u2019t the word, broke, or taken over by respective governments.\u201d<\/p>\n<p><em>Fund managers haven\u2019t discovered the silver market yet.<\/em><\/p>\n<p>\u201cYou go to some of the biggest names that even own gold and you ask them: Have you looked at silver?\u00a0 They haven\u2019t even looked at it.\u00a0 So, I think we\u2019re in the early days to people moving into silver, both in the sense of owning physical silver and of course in the sense of owning silver stocks. . .\u201d<\/p>\n<p>Fast forward back to von Greyerz\u2019s latest KWN interview.\u00a0 Everything Sprott spoke of in the October 2011 interview may be coming to a head right now, according to von Greyerz.<\/p>\n<p>\u201cWhat we know is that the euro will collapse, and it doesn\u2019t matter whether it collapses by being printed into oblivion or because many countries desert it such as Greece, Spain etc.,\u201d von Greyerz said.\u00a0 \u201cWe also know that other major currencies will collapse.\u00a0 The consequences of these (eventual) collapses will be horrible because we will have a hyper-inflationary depression.<\/p>\n<p>\u201cGold is on the verge of a major breakout here.\u00a0 I agree with James Turk that this summer we could see a major move starting.\u00a0 I could see a 12 month rise of major magnitude.\u00a0 Gold will reflect the destruction of the world economy.\u201d<\/p>\n<p>And silver\u2019s ratio should shrink dramatically during a summer rally, giving investors of the white metal more bang for the buck against gold on the way up during a catchup feeding frenzy from fund managers and retail public caught off guard.\u00a0 Maybe the Mayans were right after all.<\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc--><br \/>\n<!--\/mfunc--><\/p>\n<ul>\n<li>Need fast service and cheap rates from a broker? <a href=\"http:\/\/buystockonlinetoday.com\/\" target=\"_blank\" rel=\"noopener\">Buy stock online<\/a> at my favorite brokerage<\/li>\n<li>See today\u2019s\u00a0<a href=\"http:\/\/partners.authorizedclicks.com\/z\/21\/CD2\/subid1=site\" target=\"_blank\" rel=\"noopener\">top stock picks <\/a>and market analysis<\/li>\n<li>Want more? Check out the <a href=\"http:\/\/boardcentral.com\/\" target=\"_blank\" rel=\"noopener\">message board buzz<\/a> for these stocks<\/li>\n<li>See what newsletters are recommending these <a href=\"http:\/\/www.stockreads.com\/\" target=\"_blank\" rel=\"noopener\">stock picks<\/a><\/li>\n<li>Get breaking<a href=\"https:\/\/thestockmarketwatch.com\/<\/a><\/li>\n<li>This newsletter has been helping traders make a killing on <strong><span><span>these stocks<\/span><\/span><\/strong>. <a href=\" https: web.archive.org web 20120624030314 http: www.pennystocklive.com pennystockwarfare utm_campaign=BE_newsutm_source=BE\">Click here<\/a> for a 25% discount offer.<\/li>\n<\/ul>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc--><!--\/mfunc--><\/p>\n<p><strong>About BeaconEquity.com<\/strong><\/p>\n<p>BeaconEquity.com is committed to producing the highest-quality insight and analysis of <strong><a href=\"http:\/\/boardcentral.com\/\" target=\"_blank\" rel=\"noopener\">small-cap stocks<\/a><\/strong>, emerging technology stocks,<strong> <a href=\"http:\/\/stockhideout.com\/\" target=\"_blank\" rel=\"noopener\">hot penny stocks<\/a><\/strong> and helping investors make informed decisions. Our focus is primarily <strong>OTC stocks<\/strong> in the <strong><a href=\"http:\/\/www.thestockmarketwatch.com\/\" target=\"_blank\" rel=\"noopener\">stock market today<\/a><\/strong>, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, <strong>biotech stocks<\/strong>, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.<\/p>\n<p><strong>Beacon Equity Group Disclaimer<\/strong><\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc--><\/p>\n<p><!--\/mfunc--><\/p>\n<p>This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.<\/p>\n<p>While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120624030314\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fthestockmarketwatch.com%2Fstock-market-news%2Fspot-on-mayans-forecast-2012-as-end-of-era-says-prominent-swiss-money-manager%2F29273&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n<p>Article source: <a href=\"http:\/\/www.beaconequity.com\/spot-on-mayans-forecast-2012-as-end-of-era-says-prominent-swiss-money-manager-2012-06-18\/\" target=\"_blank\" rel=\"noopener\">http:\/\/www.beaconequity.com\/spot-on-mayans-forecast-2012-as-end-of-era-says-prominent-swiss-money-manager-2012-06-18\/<\/a><\/p>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/peter-schiffs-latest-advice-to-investors-2\/29650\">\nPeter Schiff\u2019s Latest Advice to Investors<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/jim-rickards-reveals-fed-blueprint-gold-5000\/29613\">\nJim Rickards: Reveals Fed Blueprint, Gold $5,000<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/gold-bugs-do-you-suffer-from-pappagallo\/29524\">\nGold Bugs: Do You Suffer from Pappagallo?<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/rigged-gold-market-a-secret-payoff-to-china\/29405\">\nRigged Gold Market, a Secret Payoff to China<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/this-thing-is-coming-down-says-gerald-celente\/29329\">\n\u201cThis Thing is Coming Down,\u201d Says Gerald Celente<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/spot-on-mayans-forecast-2012-as-end-of-era-says-prominent-swiss-money-manager\/29273\">\nSpot on!  \u201cMayans Forecast 2012\u201d as \u201cEnd of Era\u201d, Says Prominent Swiss Money Manager<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/gold-to-pop-1000-during-global-banking-emergency\/29161\">\nGold to Pop $1,000+ During Global Banking Emergency<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n.<\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Mr. Dominique de Kevelioc, de Bailleul <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\n\n\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s all too clear to long-time gold and silver investors, the finally days have come for a collapse of the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[3],"tags":[],"class_list":["post-29273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/29273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=29273"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/29273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=29273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=29273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=29273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}