A String of
Hits
Doug Casey's Amazing Track Record
Pick any year bull market
or bear and Doug
Casey had a stable
full of winners. It's no wonder his opinion is regularly
reported in The
Washington Post, Barron's, Wall Street
Journal and other
financial media.
In 1979 gold was an old maid
at $270 an ounce when Doug Casey advised buying. He got that
right. Within months it had gone to $850!
In 1982, Doug told his
readers to unload gold. Right again. It basically stalled
for the next 11 years.
While die-hard gold bugs
were losing money and missing better opportunities, Casey's
readers were on to better things-like these:
Francisco from $3.15 to
$31.70, up 938%.
After getting a tip from Sam
Nujoma, the "rogue" president of Namibia, Doug got on a
plane and took a look at a promising nickel mine. Good
thing. Diamond Fields went from $4.10 to $171, up
2,125%.
Doug Casey recommended
platinum at $275 an ounce. A year later it was up 95% at
$538.
Foreseeing a silver
shortage, Casey told investors to buy silver when it was
$6.50 an ounce, and it quickly went to $50--a sterling 650%
profit.
Casey's follwers bought
Bre-X at $.50, a price so low they would have made a profit
even after it collapsed. But they got out before then with a
10,060% profit. When he saw the company had reached a
capitalization of over $4 billion, bigger than some huge
mining companies, he knew it was time to go.
Miramar, bought at $1.25
made 450% in just four months. This copper mining site in
Cuba had been run by the Russian and abandoned after three
years. They never even assayed for the gold--150,000 ounces
of it lying at their feet!
Forbes Magazine calculated that $100,000
invested with Doug Casey would now be worth $154,530. Not
just big hits like those above--but lots of steady, solid
performers and minimal losses add up to returns that beat
the Dow even in its best years.
BUT WHAT HAS HE DONE
LATELY?
Lots. The last year has hit natural
resources hard. Almost every company is down 15%, 20%, 50%
and more. Junior golds fell 60-90% in mid 97. But in May
1996, Casey warned investors to be cautious, draw back and
wait until times were better. Now he recommends natural
resources again. Even when he was "staying out" overall, his
worst year ever Casey still used his intimate knowledge of
the field to select a handful of nice little winners from
among the chaff:
Pan American, a silver mining company, up
50%
Corriente, a
junior gold, up 9%
Rayrock, up
25% in four months
Freeport
McMoRan up from $27.25 to $34.12, up 25%
Weyerhauser,
from $46.25 to $54.18, up 17%
Allied
Capital II up 34% plus an 8.3% dividend
Laclede Gas,
up 25%, 5.6% dividend, 31.6% total return
MCN 25.2%
total return
NUI 20.5%
total return
New Jersey
Res. 23.6% total return
Pacific
Enterprises 15.7% total return
Washington
Gas and Light 25.2% total return
Berry
Petroleum up 25%
Benson
Petroleum up 52%
Panhandle
Roy. Up 42%
Questa up
65%
Unit Corp.
up 49%
There you have it, in 1997, Doug's worst year since
launching International Speculator, a list of double-digit
winners!
