Most investors are...

Clueless

... about Gold!

Most investors have barely begun to wake up to the extreme potential of gold and gold stocks in the coming monetary crisis... leaving the door wide open for you to make investment profits of 500%, 1,000% or more!

Dear Reader,

Most investors today are absolutely, stunningly clueless when it comes to gold and what's happening to gold mining stocks.

For the rest of us, that spells opportunity of a very rare variety. (If you’re already investing in gold and gold stocks and are looking for the best in unbiased information on today’s best resource stock picks, you can skip the rest of this letter and learn more now about a 3 month risk-free trial to legendary speculator Doug Casey’s private newsletter, The International Speculator. Click Here.)

For a short while, likely only six to twelve months, alert investors have the opportunity to get into carefully selected gold stocks at bargain basement prices – prices that all but guarantee the sort of spectacular returns for which Doug Casey is famous.

What kind of returns? Doug Casey's International Speculator tagged 19 stocks over the last year as high-profit "Buys". As of today...

• All 19 stocks have seen double-digit gains or better.
  
  
• 9 of the Casey recommendations have yielded returns over 50%.
  
  
• The four biggest winners have already provided 139.1%, 223.2%, 235.3% and 437.2% increases and we expect all four to go higher.

And those profits are before the emerging bull market in gold and other resources begins in earnest!

While Others Struggle to Comprehend -- You'll Be Profiting!

How could 99% of the investors in the world completely miss the current bull market in gold and resource stocks?

For the answer, look no further than the 21-year bear market in gold bullion that started in 1980.

Because of that long march into the cellar, most investors have been hearing for the last two decades that gold has no role to play in "modern" investing.

In fact, the Wall Street crowd – most now under 40 years old – have been trained to consider gold an investment joke.

But the joke's on them.

Do you know the definition of the word "intractable"? The dictionary has it as "resisting attempts to control, correct, or influence".

You can bet that Paul Volcker, the widely respected former chairman of the Federal Reserve System, knows the definition. And that he deliberately chose to use the word in a recent speech.

"Under the placid surface [of the economy], there are disturbing trends: huge imbalances, disequilibria, risks -- call them what you will. Altogether the circumstances seem to me as dangerous and intractable as any I can remember, and I can remember quite a lot."

Why so dangerous and intractable?

Simply put, we are racing full-speed into a financial brick wall erected by decades of reckless government spending and quick fixes. At this late stage in the game, it is unavoidable due to...

... a well-documented housing bubble that is beginning to burst

... previously unimaginable levels of government and personal debt

... ill-funded corporate pension plans desperate for bailouts

... an unending and painfully expensive war against terrorism (the war in Iraq alone is costing better than $20 million a day!)

... a dollar on life support and a Fed chairman who is on record saying that he'd be willing to print more money and drop it out of helicopters if needed

... structural problems in the world's energy supplies

... historically high trade deficits

... the real threat of foreign investors beginning to dump the hundreds of billions of U.S. dollars in their portfolios

... and a reappearance of inflation...

Were you one of those surprised by gold's sudden strength over the last 12 months, moving from $450 to over $600? If so, you weren't alone.

In fact, only a handful of individuals, including best-selling author and legendary speculator Doug Casey, foresaw what is now unfolding. And only they have been exploiting the opportunity for extreme profits.

Gold is Great... But Gold Stocks are Better

Despite the recent surge in the price of gold bullion, most investors remain clueless about gold's perennial role as a store of value.

And even more clueless about the explosive upside potential offered by carefully selected gold stocks.

Below is a sampling of the returns you could have earned in the last bull market in gold stocks – which was based on several major discoveries in the mid-1990s...

These are just a preview to the stellar returns Doug Casey expects in the gold bull market now. Don't miss out!

Company	Pre-Bull Market Price	Date of High	Price at High	Pct. Gain
JUNIORS
Cartway	$0.10	May-96	$26.14	26,040%
Golden Star	$6.00	Oct-96	$27.50	358%
Samex Mining	$1.00	May-96	$7.20	620%
Pacific Amber	$0.21	Aug-96	$9.40	4.376%
Conquistador	$0.50	Mar-96	$9.87	1.874%
Corriente	$1.00	Mar-97	$19.50	1,850%
Valerie Gold	$1.50	May-96	$28.90	1,827%
Arequipa Res.	$0.60	May-96	$34.75	5.692%
Bema Gold	$2.00	Aug-96	$12.75	538%
Farallon	$0.80	May-96	$20.25	2,431%
Arizona Star	$0.50	Aug-96	$15.95	3,090%
Cream Minerals	$0.30	May-96	$19.45	3,050%
Francisko Gold	$1.00	Mar-97	$34.50	3,350%
Mansfield	$0.70	Aug-96	$10.50	1,400%
Oliver Gold	$0.40	Oct-96	$6.80	1,600%
PRODUCERS
Kinross Gold	$5.00	Feb-96	$14.62	192%
American Barrick	$28.13	Feb-96	$44.25	57%
Placer Dome	$26.50	Feb-96	$44.37	56%
Newmont	$47.26	Feb-05	$82.46	74%
Manhattan	$1.50	Nov-96	$13.00	767%
Cambior	$10.00	Jun-96	$22.35	124%

Importantly, unlike the surging gold bull market of today, these extraordinary returns were made at a time when gold prices were weak and falling!

Why do gold stocks offer such dramatic upside? Two reasons:

• Big Leverage. If your company is sitting on 18 million ounces of gold, as is one of the deeply undervalued companies Doug is currently following, each $1.00 increase in the price of gold adds $18 million to the company's underlying asset value! To put that in perspective, gold bottomed in 2001 at a price $260 below where it currently trades. (As an aside, if you assign a value of just $100 to each of its 18 million ounces, that company would be worth about $1.8 billion... yet its total market capitalization today is only $361 million).
  
  
• Limited Supply of Stock. The market capitalization of even one of the 30 companies in the Dow Jones Industrial Average is larger than that of the entire junior gold exploration sector! That means gold stocks tend to be very thinly traded. So much so that when only a few investors are paying attention to gold, the shares of these companies can sell for the price of a pack of bubble gum.
  
  But later, when the investment masses begin clamoring for gold stocks, it's akin to trying to squeeze Niagara Falls through a garden hose... sending the shares to the moon and literally making fortunes for early investors.
  
  Take another look at the more widely followed gold shares in the table above. Before the beginning of the mid-1990s discovery-led bull market in gold stocks, most of these companies were selling for pennies a share. As little as a year later, however, they had moved up by hundreds and even thousands of percentage points.

Make no mistake - we are still ahead of the crowd... but the clock is ticking. And the sooner you act, the bigger your profits will be.

Meet Doug Casey

When New York Times Sunday Magazine did a feature on the growing interest in gold last year, they led with a quote from best-selling author and legendary speculator Doug Casey. For good reason.

You see, Doug Casey has personally made a fortune and done the same for many subscribers by paying close attention to the resource sector (among others) for over 26 years.

As such, he was among the first to back up the truck at the gold bear market bottom, providing subscribers to his highly respected monthly newsletter – the International Speculator – with truly remarkable opportunities for profit. Among a long list of recent wins are...

Almaden Minerals (up as much as 374% since recommendation in March of 2003); Altius Minerals (up 1513.7% since September 2001); Anatolia Minerals (up 825% since November 2001); Bear Creek Mining (up 233.3% since September 2004); Bravo Venture Group (up 407.7% since August 2005); Esperenza Silver (up 100% since June 2006); First Majestic (up 281.1% since February 2005); Greystar Resources (up 134.9% since July 2005); Virginia Gold (closed position at 1065% gain over March 2003 recommendation).

It's no wonder, then, that subscribers to the International Speculator send in thank-you notes like this:

"Seven years or so ago I lost most of the money I had--roughly $300,000 which had come to me as an inheritance--in a devastating and humiliating series of investment attempts.

I had the choice then of crawling into a hole, or trying again. Five or so years ago I found Doug Casey's commentary, read his books, and wiser from my failures, liked very much what I read.

At the time it was hard for me to come up with $2000. I started with $2000, added more at regular intervals. Then I borrowed some, keeping in mind the proviso that it was money I could afford to lose. $25,000 turned into $100,000. Lately I've been able to add more, so my total investment is almost $50,000, portfolio value $250,000. Excepting the latest contribution, I have had six-fold growth in a portfolio that I consider mostly positioning for an anticipated run-up.

The real deal to me is the information received in the newsletters. I know so much more, think better, and am empowered to act boldly, not brashly.

But wait, there's more. I am a middle-aged spinster caring for an aged parent, and thanks to Doug's help I will not have to "inherit the earth". I've got a secret lifeline. It is a lifeline of provocative thought and a chance at financial independence. Thank you, Doug, for helping me to fulfill my responsibilities and come out way, way ahead.

Best to all at Casey Research.
S. H., February 2006

So far, so good. Yet it's impossible to overemphasize this point: as good as the returns in carefully researched gold stocks have been over the past few years, thanks to gold's continuing rise, the most spectacular returns are still ahead.

The kind of returns that can actually change your life.

The kind of returns that Doug Casey has become famous for...

This Time Around, Gold Stocks Are Going to Break All Records

As he advised in the just published edition of the International Speculator, Doug Casey is convinced that this time around we are going to see even bigger gains in gold stocks... the best ever. For the following reasons:

• Increase in equity accounts. Thanks in no small part to the dot-com boom, never before have more North American households been involved in equity markets. In 1980, only 5% of American households had even a mutual fund account. Today, that number is closer to 50%, the majority of which are invested in equities.
  
  As the gold stock story filters through to them, they'll find it highly appealing and have the ability to act immediately. Most investors are trend followers; they know nothing except to buy stocks that have a positive chart. For the first time since the Internet bubble burst, they're going to have a real tiger by the tail. In other words, for the very first time in history, gold stocks are going to have not only the cognoscenti but the general public piling in. The bull market will be breathtaking when this gets underway.
  
  
• Meteoric rise in hedge funds. In a similar vein, we now have the whole new phenomenon of hedge funds, which have grown like kudzu all over the financial tree. They were a non-factor in earlier bull markets, but now number over 12,000. Their assets have swollen by 250,000% over just the last four years, to over $1.3 trillion! Moreover, the majority of these funds are run by twenty- and thirty-somethings, who have no experience with a real bear market and are herd-like and aggressive to boot.
  
  Once they understand that gold is the play of the decade, they'll move into the gold stocks like a pack of velociraptors, using their cash to bid up the prices of stocks held by early investors.
  
  
• Convergence of higher gold prices and discoveries. Most important is that, for the first time ever, we should witness a stream of well-publicized mineral discoveries at the same time as a major bull market in gold (and silver) prices.
  
  As to the first half of that equation, the mining companies followed in Doug Casey's International Speculator are better staffed and more talent-rich than at any other time in history. Equipped with the very latest high-tech exploration tools, they are hard at work in high-potential areas of Nevada, Alaska and Canada and also in formerly off-limits areas of the world. (Kazakhstan, Mongolia, China, the Congo and Argentina pop to mind.) It is not a matter of "if" there will be significant discoveries, but "when".

While the larger gold producers will do well in the new bull market, they won't be the stars. For sheer profit, nothing provides more upside than a junior explorer hot on the track of a serious new gold deposit.

Early investors will benefit from a concurrence of a discovery-driven bull market, such as that witnessed in the mid-1990s, and much higher precious metals prices. Toss in a lot of investors with a lot of cash, nervous about the outlook for global financial markets and looking for a trend to fall in love with, and you have all the elements for truly extraordinary gains.

Time is Running Out, But You Don't Have to Miss the Party...

A letter is really a poor way to communicate the value that Doug Casey's International Speculator offers at this juncture in the markets.

The only fair way to judge its value for yourself is to read the actual newsletter, check out the performance of the recommendations and experience the comprehensive value-adding support you get from our web site.

While it would be unfair to paying subscribers to provide you all of that for free, as the publisher of Doug's newsletter, I'm willing to make you an offer so sweet that you can't refuse – at least not without kicking yourself later.

Subscribe today for the next three pivotal months using our ultra-secure online application page (or, call us toll-free at the number below). With an auto-bill option, you'll pay just US$73.75 – a pittance compared to the upside.

We'll rush you your password by email, so you can immediately access Doug's private web site, where you'll find the current and archived editions of the International Speculator and the latest research on all of Doug's favorite gold, silver and other resource companies.

PLUS, you receive the next 3 monthly editions of Doug's uniquely profitable newsletter and the special reports we send subscribers from time to time.

And because, we're so confident that you'll love what Doug Casey's International Speculator does for your portfolio that we offer the following iron-clad guarantee:

• Take up to 3 full months to judge the service for yourself. In the unlikely event that you decide the newsletter isn't even better than we say it is... simply cancel and your subscription stops immediately.
  
  
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We can make that guarantee only because we are confident you'll be impressed... both with the caliber of the service and with the profits you'll earn. There's a reason that for over two decades, the International Speculator has been the "go to" source of unbiased research on natural resource companies.

Look at it this way: For $73.75, you kick the tires on a service that can make you rich, and you have a no-risk, 100% money-back guarantee. So if you decide the service isn't right for you, you get all your money back.

As a subscriber, you can count on us to provide you with research that is unbiased, rigorously vetted and uniquely profitable. That's why the International Speculator has what we believe is one of the highest renewal rates in the publishing business. Again to quote our subscribers:

"My total portfolio has nearly doubled. This does not include profits already taken to pay (cash) for a new Harley-Davidson, a new set of Ping golf clubs and the retirement of all my debt. No other advisory I take (around 10 in all) even comes close! I've been with Doug since the beginning and have been "retired" since 1992, at 46 years, and have done nothing BUT invest since then. I have found my calling in life because Doug Casey showed me the way to do it. I am more than grateful and will never be able to really convey how much this means to me, and its not all about the money, although that is, as Doug is fond of saying, "the icing on the cake." Bob O., November 2005

"I've personally known several of the (so-called) high-profile "gurus" on the Street over the past 20 years, but I don't believe that I have ever come into contact with anyone quite as thorough, knowledgeable, committed, down-to-earth and downright prescient regarding any investment sector, as Doug Casey and his senior executives, editors, etc. I'm just fortunate to have come into contact with your organization." Tom M., September 2005

"I've been following Casey Research for probably over a year now. I am a very small investor and find the Casey publications to be among the best of the subscriptions I read. They allow me to window shop for a story I want to be part of. I like the idea of adopting a company and watching it grow and unfold. So far I have invested about $15,000 that is now worth $25,000 for a 67% jump. With the best news yet to come, this little nest egg could end up cutting my mortgage in half. Not bad for spending a little time every month venturing into well-written material that has an ever-intriguing international flair. Keep it coming!"
M. Bowman, February 2006

With the bull market in gold, silver and other resources gathering steam, we hope you won't miss this fleeting opportunity to review this unique publication in a no-risk trial today.

Sign up now and we'll rush you your web site password immediately. The first thing you'll want to do after taking a quick look around the site is to visit the archives to read the December 2005 edition and its lead article: "Gold Shares in a Gold Bull Market"... and don't miss the November 2006 edition in which we take an in-depth look at one of the most compelling new Ecuador gold strikes, a company that already has 4 million ounces tallied... and much more on the way.

It's a stock that can make you rich.

Best of all, it's just one of many home-run opportunities you'll read about during your three-month trial subscription to Doug Casey's International Speculator.

Subscribe today – your satisfaction is guaranteed!

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David Galland
Managing Director

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