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 Behind Closed Doors: The Best Breakout Recommendations
From the 2009 Agora Financial Investment Symposium
…………………………………………………………………………………………………………
This year the Agora Financial Investment Symposium celebrated its 10th anniversary of introducing
people to brand-new investment ideas. And while we've watched the market completely transform over
the past decade, our 2009 event wasn't about looking back.
Instead, we asked our assembled speakers and analysts to focus on what's ahead. After all, the global
recession has made people question even the long-established rules for creating wealth. Has everything
changed?
Not surprisingly, the answer is, “no.” The economy may be in shambles, but that doesn't mean indi-
vidual investors are fated to lose. And the experts we brought to Vancouver were happy to share their
ideas for where to make money now.
Some of these ideas came out of the General Sessions, where our speakers shared their basic investment
philosophies and opinions on where the market is heading. You'll find their complete speeches in the
audio recordings.
But that's just half the story.
In the afternoon, many of our speakers hosted small-group presentations - the Breakout Sessions.
This is the real meat of the Symposium… where our experts can share ideas that just aren't right for the
entire group.
These special Breakout Sessions aren't usually filmed or recorded. In fact, the only way you can
learn everything our experts offered is to actually be in the room with them.
But in this report, we'll give you the highlights from these meetings, including some of the recom-
mendations our experts made. So please read with care - because this is the only place you'll find this
information.
Let's get started…

Jack Pugsley
Editor, The Stealth Investor

Seeking Outstanding, Undervalued Companies Hidden Behind the

Regulatory and Industry Barriers
Jack’s pretty proud of his track record, showing 100% gains in 2009 even as the Dow fell. And his
philosophy is one the crowd could easy get behind: “Real goods, real tangible assets are the only long-
term protection from the inflationary polices of all governments.”
He also offered some of his investment wisdom, some of which even flies in the face of what others

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Behind Closed Doors: The Best Breakout Recommendations From the 2009 Agora Financial Investment Symposium

shared at the Symposium. Here are his timeless lessons in a nutshell:

• Ignore the exuberance or pessimisms of the crowd. The crowd has a habit of being wrong,
and you really can’t trust Mr. Market
• Take a global investment perspective. Some of the best opportunities are happening beyond
the U.S. borders
• Search for fundamental value - the numbers will win out in the end.
• Stay invested. Always make your money work for you, no matter how bad things get
• And avoid market timing and technical analysis.
As for the kinds of companies to invest in, Jack had a few suggestions. He likes small-cap companies,
the kind most brokerage firms don’t bother with. Their stocks are usually thinly traded or not institutionally
owned, which means they’re off the mainstream radar screen.
Jack also likes unregulated stocks, the ones that don’t fully register with the Securities and Exchange
Commission. The lack of regulatory restraints gives these companies more power. It also gives you a
chance to buy into something that people don’t know about or are afraid of… setting you up for huge
gains if the company hits on something big.
Jack favors out-of-favor industries, or companies with some sort of structural impediment, like pending
lawsuits. Brokers and analysts ignore these stocks like the plague… but if Jack sees a reason to think
the fear is overblown, he’ll wade right in.
And, of course, Jack looks for great fundamentals, like substantial discounts to book value or other
great ratios.
To close out his talk, Jack shared some of his recent recommendations in The Stealth Investor, picks
he made in May 2009 or later:
Polaris Geothermal (GEO.TO): Trading on the Toronto Stock Exchange, GEO is developing
geothermal projects in Latin America. It also makes money selling carbon credits — essentially selling
the right to produce “greenhouse gasses.” In 2006, the United Nations declared it one of the largest carbon
credit producers in the world.
http://www.polarisgeothermal.com/eng/index.php
IMA Exploration Inc. (IMR, IMR.V): Based in Vancouver — with shares trading on both the
American Stock Exchange and the Toronto Stock Exchange — IMR is an exploration company with a
twist. As they say on their Web site, management believes “that cash is even more valuable an asset to a
mining exploration company than property in times of economic downturn.” And to back up that belief,
the company has slashed its burn rate 50% since last summer.
http://www.imaexploration.com/s/Home.asp
Canadian Phoenix Resources (CPH.V): This junior oil and gas companies operates in Western
Canada, running properties in the Western Canadian Sedimentary Basin. Its holdings are spread over a
total of 267,000 acres. Today the company produces over 1,000 barrels of oil equivalent per day

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(boe/d), and hopes to ramp up production to 8,000 boe/d by the end of the year. Conventional wisdom
says this is a terrible time to buy an oil company… but with prices this low, Jack says it’s the best.
http://www.canadian-phoenix.com/s/Home.asp
Ambrian Capital (AMBR.L): Based in London and trading on the London Stock Exchange,
Ambrian offers a unique way to play commodities. It specializes in banking and investment services for
commodity companies. It brokers metals futures and options for commercial clients and offers financial
advice to miners and drillers. It’s a pretty interesting idea — junior mining companies will always need
banking advice and service, and Ambrian is there to provide it.
http://www.ambrian.com/Home.aspx
Amerigo Resources (ARG.TO): While based in Vancouver, Amerigo’s primary operations are in
Chile. It’s a holding company for Minera Valle Central, a copper and molybdenum producer. But its
entire production is based on the “tailings” of another mine, the hundred-year-old El Teniente mine.
Essentially, Amerigo takes the mining waste from El Teniente and extracts even more metal from them.
It might seem like a tough way to make a living, but Amerigo is doing fine. In 2008 it produced 35 mil-
lion pounds of copper and approximately 769,000 pounds of molybdenum. And with the rights to
another mine’s tailing, the company hopes to eventually produce 60 millions pounds of copper and 1
million pounds of molybdenum a year.
http://www.amerigoresources.com

Matt Badiali
Editor, Stansberry Research

My Favorite Junior Miners — Our Best Chance for 1,000% Gains This Year
Matt is very enthusiastic about junior mining companies… but he’s also very realistic. Companies
announce new discoveries all the time, but roughly only one in 5,000 ever becomes a producing mine.
But the one that succeeds could make you 1,000% richer.
So Matt chooses his companies very carefully — looking for some specific traits. His favorite kind
of company is prospect generators — grass-roots exploration companies with very promising properties.
More than that, Matt wants companies that are run by geologists — actual rock hounds who know
exactly what they’re looking for. And not some just-out-of-school geologists. He’s looking for teams
with proven experience. As he says, you don’t want to pay for someone’s education.
And as if that’s not enough, he’s looking for smart teams… ones who have a handle on their money.
Finding and proving a deposit could take some time, and many companies don’t have an active revenue
stream. If a company’s only way to stay open is to sell more stock shares or form joint ventures, that’s a
problem. So Matt wants to see smart and flexible companies that spend little money, so your slice of the
pie stays whole.
It might seem like a tall order, but when one of these stocks hits, it hits big. Matt pointed out that
Arequipa shot from 35 cents to $30 in 19 months. Francisco Gold went from 60 cents to 16 dollars.

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Behind Closed Doors: The Best Breakout Recommendations From the 2009 Agora Financial Investment Symposium

Altius was selling for 15 cents in 1998; 11 years later, it’s topping $10 a share. And Kaminak went
from 6 cents to 47 cents in just six months.
Opportunities like these still exist, if you know what to look for. And Matt concluded by offering 10
stocks to explore. Most trade on the Canadian stock exchanges. But right now they’re all at great prices:
Lara Exploration, Ltd. (LRA.V), http://www.laraexploration.com
Almaden Minerals (AAU), http://www.almadenminerals.com
Miranda Gold (MAD.V), http://www.mirandagold.com/s/Home.asp
Riverside Resources (RRI.V), http://www.riversideresources.com
Kaminak (KAM.V), http://www.kaminak.com
Strategic Metals Ltd/ (SMD.V), http://www.strategicmetalsltd.com/s/Home.asp
Atac Resources (ATC.V), http://www.atacresources.com/s/home.asp
Mirasol Resources (MRZ.V), http://www.mirasolresources.com/s/Home.asp
Eurasian Minerals (EMX.V), http://www.eurasianminerals.com/s/Home.asp
Rimfire Minerals (RTM.V), http://www.rimfire.ca/s/Home.asp
Matt suggests sifting through them, figure out the ones that meet his criteria, then settle on five that
meet his criteria.

Chris Mayer
Editor, Capital & Crisis

The New Silk Road — An Update on One of the Most Important Forces
Shaping Today’s Markets
With a love of history and fundamental analysis, Chris Mayer offers a thoroughly unique angle to
the investment scene. Readers marvel as he connects Annie Oakley to investment opportunities in
Russia… or finishes a story about Mark Twain with news on some promising mining stocks.
In Vancouver this year, he revisited an idea he proposed in 2007 — the “rebirth” of the Silk Road.
The old Silk Road stretched across the great landmasses of Asia and linked China with the West. It
was along this network that caravans loaded with silk, spices and more rumbled over deserts and
through mountain passes. It was the most important trade route in history.
Chris believes that a new Silk Road is being established today. Only this time it stretches between
China and the Middle East, especially the Arab world. As Chris puts it, China gets all the press, but
what many people fail to appreciate about the rise of China is how it also sired the rise of the Arab
world. And he thinks the New Silk Road gives investors a framework for looking at markets and sniffing
out opportunities in energy, water, food and more.

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 Chris offered Gulfport Energy Corp. (GPOR) as his first New Silk Road play. At first glance, that
might seem like a disconnect. After all, the company is based in Louisiana and has operations in West
Texas. http://www.gulfportenergy.com
But Chris considers that the core business — low-risk, cash-spinning properties with decent growth
potential. He’s much more excited about the company’s growth prospects in Thailand.
Gulfport has a significant stake in some Thai natural gas fields. Obviously, a natural gas project so
close to China and India is a big deal. These fields already churn out 83 million cubic feet of natural
gas per day. And experts believe there may be as much as 500 billion cubic feet in reserve.
Exploration is now under way at other sites in the area. So, while you can enjoy the safe and steady
gains from Gulfport’s U.S. operations offer, you could also set yourself up for tremendous gains if the
Thai properties live up to their potential.
Next up was an American gold miner, New Gold (NGD). http://www.newgold.com
Chris admits this one doesn’t tie directly into China and the Middle East. But he does think the
wealth created by the New Silk Road will spur new demand for the yellow metal, pushing prices much
higher. And NGD is in position to profit.
Created by a three-way merger between New Gold, Metallica Resources and Peak Gold in June
2008, the company is sitting on 12.1 million ounces of gold. It’s ramping up production and decreasing
its cash costs, giving it a chance to increase its profit margins by 83% in the next three years.
Other than that, the stock has everything Chris likes to see in a stock. Its fundamentals show it’s
undervalued… its management and insiders own 10% of the stock, so they’re vested in its success…
and it’s in solid financial condition.

Alex Green
Investment Director, The Oxford Club

The Two Best Trading Strategies for 2009 & Beyond

Alex Green shared what he looks for in a company before recommending it. As you’d imagine, he
mostly mirrored what other Symposium speakers had to say.
Unlike Jack Pugsley, Alex said that technical indicators can be useful, but he does agree that most of
your investment decision should be based on the fundamentals. He also likes to see institutional ownership
and three years of 20% earnings growth. If you can find that in an innovative, young and entrepreneurial
company, it’s a very good sign.
Other plusses are share buyback programs and insider buying.
Alex offered four companies that meet his criteria. First is VistaPrint (VPRT).
http://www.vistaprint.com.
As the name implies, the company offers a wide range of printing services, from business cards to
formal stationery. According to Alex, the company has performed as if there hasn’t been a recession.

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Behind Closed Doors: The Best Breakout Recommendations From the 2009 Agora Financial Investment Symposium

Its fourth quarter results — filed mere days after the Symposium ended — showed a 22% increase in
revenue and a 50% increase in profits over the same period last year. So far this year its total revenue is
up 29% and profits 44%.
Alex then talked about how well Chipotle Mexican Grill (CMG & CMG-B) was performing in
this environment. http://www.chipotle.com
The company’s business model is fairly simple — offer quality Mexican food at a good price. And
by quality, Chipotle means natural, antibiotic- and steroid-free meat. So even though it’s a fast-food
restaurant, its stance on it ingredients makes it seem like a more upscale restaurant.
And people seem to be responding to its approach. Its most recent earnings statements showed that
quarterly revenue was up 14%, but earnings were up an astounding 45%.
By the end of the year, the company hopes to have 120 to 130 new restaurants open. Assuming they
enjoy the same kind of business as the existing establishments, many good things are ahead for its
investors.
Focusing on insider buying next, Alex offered two companies, Seagate Technology (STX) and
Lions Gate Entertainment (LGF). http://www.seagate.com, http://lionsgate.com
Seagate offers a range of computer products and services. And in the last six months, insiders have
scooped up a net total of 1.2 million shares. That represents nearly 12% of the shares outstanding — a
good sign that the people in the know expect the company to do well.
As for Lionsgate, it’s been putting out critically acclaimed movie and television shows since 1998.
Among its more noteworthy films are Monster’s Ball, which won Halle Berry a Best Actress Oscar, and
Hotel Rawanda, which was nominated for Best Actor, Supporting Actress and Best Original Screenplay.
But more important from an investment perspective is its insider transactions. In the last six months
alone, they’ve collectively bought an incredible 12.1 million shares — nearly 73% of the outstanding
total. Again, people only spend that kind of money when they think they’ll get a good return.

Paul Van Eeden

President, Cranberry Capital, Inc.

Gold, Silver and Commodities Q&A

Instead of offering a few specific strategies or recommendations, Paul Van Eeden used his time to
answer questions from the audience. And while he only stated one company by name, it was an oppor-
tunity to hear what a top metals analyst thinks about the markets.
The first questions were about silver and its role as a precious metal. Specifically, the audience wanted
to know whether we’d ever return to a bimetal system, with silver taking a role in backing world currencies.
Paul said it was unlikely. For one thing, stockpiles of silver are too small to make it an effective curren-
cy reserve. It is also more useful in industrial applications, which essentially removes it from the supply
for a long time.

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 In fact, Paul seemed to have a very dim view on silver’s prospects. He said worries about hyperinflation
were overblown, so hoarding silver because of those fears is unnecessary. He also said it doesn’t matter
that silver is “historically undervalued.” Over time, silver’s value declines relative to gold. In the end,
it’s hard to tell when the time will be right to buy silver.
Returning to the theme of precious metals as they relate to paper money, Paul said that the money
supply has a little effect on metals prices. The system between the central banks and the private banks
has pretty much knocked metals out of the loop… and it’s a cozy relationship the banks are unwilling
to change.
The only way to break the fiat system would be an outcry from the public — people who probably
don’t even know what “fiat” means.
He also shared his view that there wasn’t a large deflationary threat, which put him at odds with
some Symposium speakers. He did admit that the credit paydown represented a minor deflationary
threat. And he stressed that it would be impossible to overcome the forces of inflation with tax polices
that erode wealth faster than it’s created.
Of course, the crowd couldn’t resist asking Paul what his favorite company is right now. His answer
was Quest Capital (QCC, QC.TO). http://www.questcapcorp.com/news.php
Based in Vancouver, Quest specializes in corporate real estate and development. It offers high-yielding
mortgages to high net worth borrowers. Thanks to its unique structure, the more proceeds it pays to its
shareholders, the less its taxable income becomes. Quest hopes to reduce its taxable income to zero —
which will only be possible if it maximizes its dividends to shareholders.
Paul expects to see at least 20% returns from the company in the next two to three years, with the
possibility of 30% growth.

Patrick Cox
Editor, Breakthrough Technology Report

How to Profit From the End of the World (As We Know It)
Both of Patrick Cox’s Breakout sessions were packed with attendees. It was hard to blame them —
Patrick provided some of the most electric commentary of the Symposium. And when his time was up,
people were asking so many questions that it was hard to get him off the stage!
Patrick specializes in emerging technologies, and some of the things he’s researched almost defy
belief. But his knowledge is backed up with proven results.
In fact, during the Symposium, Patrick sent an alert to his Breakthrough Technology Report readers
recommending they sell Medarex, a company on the cutting edge of curing diseases. He had recom-
mended the stock in December 2008 when it was $4.74 a share. But news that the stock was being
bought out in July shot it to nearly $16 a share — good for 235% gain.
For his Breakout session, Patrick first shared the name Geron Corp. (GERN).
http://www.geron.com

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Behind Closed Doors: The Best Breakout Recommendations From the 2009 Agora Financial Investment Symposium

Geron is considered the first company to specialize in stem cells, which are highly adaptable human
cells that many scientists believe can provide radical treatments and cures for a wide variety of conditions.
The company has been granted over 260 patents, and a lawsuit last year awarded it proprietary
domain over a specialized cloning process. In other words, if another company wants to recreate
Geron’s technique, it will have to pay Geron royalties.
Of course, the Obama administration has been a big boost to Geron, eliminating many of the barriers
to research that existed under President Bush. While the people against stem cell research had good
intentions, the blanket prohibition slowed down a lot of vital advancements.
But Patrick isn’t interested in all that. Instead, he’s fascinated by the company’s research into
longevity — essentially a way to grant virtual immortality. In labs, researchers have been able to keep
cells alive indefinitely. And mice receiving the treatment have lived 50% longer lives, with other health
benefits to boot.
As Patrick puts it, “To say this is a potentially transformative technology is an understatement.”
He followed up with a few over-the-counter recommendations. These stocks can be thinly traded, so
we are unable to share all of them with you in this report. But we can at least name one — BioTime
(BTIM.OB). http://www.biotimeinc.com
This over-the-counter stock is up 326% since Patrick first recommended it in August 2008. But don’t
think you’ve missed the boat. Patrick says this one still has plenty of incredible growth ahead of it.
Like Geron, BioTime is also interested in the subject of life extension. It holds some amazing
patents, and in spring 2009 it was awarded the largest grant the California Institute for Regenerative
Medicine ever offered. In May 2009, the company announced it was on the verge of curing arthritis.
You read that right… the cure for arthritis will soon be a reality.
Patrick admits there are some therapeutic details to work out, but he says they’re trivial and will be
taken care of in clinical tests. The company has patents pending on many of the breakthroughs that make
up the cure, and Patrick believes the treatment will eventually cost less that current arthritis remedies.

Eric Roseman
Investment Director, The Sovereign Society

The Best Contrarian Global Speculations for 2009-2010

It’s tough for a contrarian to stick out in a conference full of contrarian ideas, but Eric Roseman was
up to the challenge. Some of his predictions were even counter what other speakers were saying.
For instance, while one of the conference’s major themes was the overwhelming amount of U.S.
government debt, Eric isn’t too concerned about it. In fact, his first recommendation involves government
debt. Not bonds or notes, but Treasury Inflation-Protected Securities, or TIPS.
The principal value of TIPS increases with the Consumer Price Index, the measurement used to
gauge inflation. Eric thinks they will be an important hedge in the years to come. That’s because he

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believes that while deflation is in the cards for the short-term, inflation will be the bigger threat in the
long term.
You can buy TIPS directly from the U.S. Treasury.
http://www.treasurydirect.gov/indiv/products/prod_tips_glance.htm.
But there are also several exchange-traded funds (ETFs) that can give you a stake in TIPS. He men-
tioned one of them by name: the Western Asset / Claymore Inflation-Linked Opportunities &
Income Fund (WIW). http://www.claymore.com/cef/fund/wiw
As the name implies, the fund aims for income that beats inflation. And over 80% of its funds are in
TIPS. As an ETF, the fund’s price is more a function of supply and demand than its net asset value
(NAV). And at the time of this writing, the fund is trading below its NAV — meaning you have a
chance to pick it up at a discount.
Obviously the inflation that Eric sees ahead will menace ordinary Treasury notes and bonds. That’s
why he suggests looking at ProShares’ UltraShort 20+ Year Treasury Fund (TBT).
http://www.proshares.com
TBT is an ETF designed to perform twice the inverse of the Barclays Capital 20+ Year U.S. Treasury
Index. So if the index falls 2%, the fund is designed to go up 4%. Of course, the opposite is also true,
so invest carefully.
Next up Eric warned about junk bonds. He said they were in “the mother of all bubbles.” His recom-
mendation was to look into ProFunds’ Access Flex Bear High Yield fund (AFBIX).
http://www.profunds.com
AFBIX is a mutual fund designed to perform the inverse of the high-yield (or junk) bond market. It
requires a minimum opening investment of $15,000.
And he also warned his listeners to avoid Eurozone government bonds. Central and Easter Europe
are in real financial trouble, and the European Union isn’t equipped to handle a crisis of this scope. As
a currency, then, the euro is in for a very rough ride… assuming it survives at all.
But it’s not all gloom and doom. Eric likes Advanced Battery Technologies (ABAT).
http://www.abat.com.cn
While it has offices in New York and trades in the United States, ABAT has strong economic ties in
China. That gives it the best of two worlds — in the United States, it can ride the increased interest in
“green” technology. And in China, it can focus on the enormous growth opportunities.
Eric closed things off by rapidly running down some major investment themes he sees ahead: Gold
and silver should always make up at least 10% of your portfolio… his favorite currency right now is the
Norwegian krona, because their government has a trade and budget surplus… and sell or avoid
Canadian oil trusts into 2010 because a new tax law makes them less attractive than they used to be.

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Behind Closed Doors: The Best Breakout Recommendations From the 2009 Agora Financial Investment Symposium

Jack Crooks
President, Black Swan Capital

Currency Trading With ISE-listed FX Options

Last year Jack Crooks provided one of the best recommendations we’d ever seen at the Symposium —
an option on the British pound that went on to soar over 1,000%.
So it was no surprise that his breakout sessions were packed. And Jack used the opportunity to intro-
duce his audience to a relatively new investment vehicle — the International Securities Exchange’s FX
Options. http://www.ise.com
Available only since 2007, the ISE FX options allow traders to make long-term currency trades with-
out the risk and confusion of regular futures and futures options. All the currency pairs are based on the
U.S. dollar. So if you expect the value of the dollar to rise, you buy calls. If you expect it to fall, buy
puts. All the options are cash-settled, meaning you never have to take delivery of a foreign currency.
With these new instruments, Jack offered four tips for using them successfully.
First, know what moves the currency markets. News comes out all the time, but not every story
impacts a currency. Once you’ve focused on the numbers that really matter, you’ll have a better idea of
when to trade the news.
Second, learn and understand some basic charting techniques. Currencies do seem to follow patterns
that technical analysts can follow. In fact, Jack keeps an eye on the currency’s 22 moving-day average.
Comparing the current price with the average offers a good indicator if it may go higher or lower.
Jack also recommends following global macro fundamentals. Don’t just pay attention to the news in
the United States. Know what’s happening in other countries, and you’ll begin to see how it affects cur-
rency values.
And finally, build on that by performing some basic intermarket analysis. In other words, see what
happens to the U.S. dollar if the Japanese stock markets have a good day.
What effect do U.S. bond movements have on the Chinese currency? How does the price of oil move
the Canadian dollar?
Of course, there are endless connections you could make and explore. Jack suggests starting with the
Australian dollar. The resource-rich nation is in prime position to supply China and the rest of Asia
with the commodities it needs to grow. Long term, that gives it a good chance to rise against the U.S.
dollar — make it a good candidate for an ISE FX options play.

Frank Holmes
CEO and CIO, U.S. Global Investors, Inc.

Patterns of Cyclical Commodities

Frank Holmes used most of his time to talk about the incredible opportunities still available in Asia.
Even in today’s market climate, policies are changing so quickly that the continent is becoming a force

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that investors can’t afford to ignore.
He cited figures about Asia’s debt-to-GDP levels, which compare favorably to the established markets.
So the nations’ people aren’t saddled with obligations and interest payments, giving them more spending
power.
And the revolutions are just stunning. India now has more FDA-approved clinical testing labs than
the United States. Car ownership is set to go through the roof. And, all told, Asian countries are gearing
up for $2.5 trillion in infrastructure spending… which may not sound like much — until you learn that
figure excludes China!
Most of that spending is happening in Korea, Thailand and Taiwan. And Frank reports that
Singapore has aspirations of becoming the next Monaco or Switzerland — a banking and vacation
retreat for the wealthy.
Essentially his point was that Asia is destined to be the commodity-consuming king, and not even the
recession can prevent that. So investors should consider how the continent factors into any commodity
investment they make.
As far as specific investments, Frank offered a few juicy tidbits. First, in no uncertain terms, he
warns people to stay away from U.S. Treasuries. Like some of our other speakers, he sees American
heading toward a period of hyper inflation. And while he didn’t mention it by name, Eric Roseman’s
TBT recommendation lines up with this view perfectly.
Frank also has fears about the U.S. dollar, expecting the U.S. trade-weighted dollar index to fall 10-15%.
Options like the ones Jack Crooks recommends offer an opportunity to play this prediction, too.

Byron King
Editor, Outstanding Investments

Investment Advice for the Here and Now

Byron King sometimes describes himself as a “recovering lawyer.” And while he didn’t handle crim-
inal law, his folksy style almost makes him sound like a character from classic legal TV shows.
Not surprisingly, his first piece of advice was to buy gold and silver — especially the actual coins
and bullion.
For specific stock picks, Byron first recommended North American Tungsten (NTC:TSX).
http://www.northamericantungsten.com
Tungsten is one of those vital metals that people don’t think about very often. It is the universe’s sec-
ond-hardest mineral, with only diamonds having more strength. With that durability comes a high melting
point — the highest among all known metals. And it’s very dense, following just lead and uranium. Toss
in the fact that it doesn’t corrode easily, and you have the makings of an essential industrial material.
So you can find tungsten in everything from jet engines to tennis clubs. It’s also much less harmful
to the environment than something like lead, which is why it’s being used more often in fishing weights
and shotgun pellets.

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Behind Closed Doors: The Best Breakout Recommendations From the 2009 Agora Financial Investment Symposium

With so many uses, it just makes sense to own North America’s largest tungsten concentrate producer.
Its headquarters are in Vancouver, with mines in the Northwest Territories.
Obviously the global economic downturn has done a number on the company’s profits, but it still
managed to increase production 29% in its most recent quarter. And Byron sees that as an opportunity,
since tungsten will play a major role in the Asian revival many see ahead.
For many of the same reasons, Byron also likes an Australian company called Lynas Corp.
(LYC:ASX). http://www.lynascorp.com
The company specializes in rare earths — a group of minerals that are essential for a lot of high-tech
equipment. They act as catalysts, allowing chemical processes to happen faster and more efficiently. For
example, they allow more efficient oil refinery… without them, it would take about 10% more crude oil
to get the same amount of finished product.
With a degree in geology, Byron could spend hours explaining their chemistry and uses. But all your
really need to know are three facts:
(1) rare earths are essential in every modern device from cell phones to satellites
(2) China produces nearly 95% of the world’s supply of rare earths
(3) Lynas is one of the few pure rare earth plays outside of China.
The investment opportunity this presents cannot be overstated. And, once again, the global economic
situation has pushed the stock into absolute bargain territory. Byron has high hopes for this one.
And, finally, Byron just wouldn’t be Byron if he didn’t offer at least one oil play. His choice is FMC
Technologies (FTI). http://www.fmctechnologies.com
Byron is a firm believer that the world has reached Peak Oil, the point where the easiest oil has
already been extracted, making the remaining supplies costlier and more remote. For example, explorers
have moved far off shore to find oil deposits, looking for the same kind of fields that were found in the
deep waters off Brazil. Byron expects more large deep-water finds. And FMC Technologies dovetails
into this idea nicely.
The company specializes in making, marketing and maintaining deep-sea drilling equipment. It currently
holds the record for the deepest offshore production completion — set to bring up 130,000 barrels of oil a
day from a depth of 9,356 in the Gulf of Mexico.
It is by far the largest player in its industry. And, of course, the downturn in oil prices has hit the company
hard. Several projects were delayed or deferred. But you can’t fight the fundamentals — and deep-water
drilling will become a necessity as land-based oil wells begin to go dry. So FMC Technologies represents
an opportunity to buy an industry leader at what could be a once-in-a-lifetime low.

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Kris Sayce
Editor, Port Phillip Publishing

The Greater China Co-Prosperity Sphere and How to Join It, Mate!
Living in Australia has given Kris Sayce a perfect window into the opportunity Jack Crooks mentioned —
Asia’s dependency on raw materials, and Australia’s unique position to provide them.
To Kris, one of the biggest growth stories Down Under is liquid natural gas (LNG). LNG is one of
the easiest ways to transport natural gas when pipelines are impractical. Say, for instance, if you want to
get natural gas from Australia to China.
But right now, there are only two types of LNG investment plays in Australia. There are exploration
and development companies, and there LNG terminal operators. That means investor can either put
their money in the companies looking for the stuff, or the ones who will ship the stuff.
There is, however, an Australian company that plans to do both. It not only produces the gas, but it’s
building and plans to operate a terminal to ship the LNG overseas. That company is MeoAustralia
(MEO.ASX).
As you probably noted, these facilities are still only in the planning stages — the company has
received government approval to start construction, but it’s waiting for drill results to ensure it can bring
in enough natural gas to justify construction.
That’s a lot of ifs, and in this market environment, investors avoid uncertainty. So the share price is
currently languishing around 50 cents Australian.
But Kris doesn’t foresee any problems, and the low price means investors won’t have to take undue
risks to get in. If things work out, Kris believes the shares could easily shoot to A$2 in short order.
That’s a chance to make four times your money!

We hope you enjoyed this peek behind the closed doors of the Agora Financial Investment Symposium’s
Breakout Sessions. As always, we remind you that while the information in this report is believed to
be reliable, its accuracy cannot be guaranteed. Always perform due diligence before making any
investment decisions.

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