"The Industrial Age's Last Shout" Get ready for an era of oil shocks...food shortages... copper crunches...and silicon squeezes. Expect a global energy crisis. $200 oil. $9 gas. $2,500 gold. Double-digit inflation. Plummeting indices. And plenty of bear markets. But also expect a commodity bull market...the likes of which the global economy has never before seen. By the end of it, the investment landscape will be different. Most investments will be shredded. Many people will be a lot poorer...But a select few will be 10-20 times richer. Will you be one of them? Dear Reader, Industry is about to dive headlong into its last great natural resource binge. It will be an era of burning oil, smelting iron, leveling mountains, blasting quarries and melting copper.  It will be the Industrial Age's grand finale. It's last shout... By the end of it, many things will be different. Some vital commodities like oil, gas, uranium and tungsten will be vastly depleted. But almost all commodities - whether abundant or not - will no longer be cheap. In fact, they will become so expensive that it will force industry to finally develop and adopt new alternatives, like renewable fuels, and bio and nano-materials. But until that time comes, commodities will rule the day. And Wall Street is getting ready for it. They are clearing offices that once held underwriters and investment bankers and are installing new commodity trading teams. They are expanding their commodity trading divisions and desperately searching for new staff. It's why if you know a thing or two about the commodities markets, or if you can spell derivative on Wall Street today, you can demand a million dollar a year base salary. The Tables on Wall Street Have Turned But the market has been slow to catch on. While the prices of many physical commodities themselves have soared in the past five years, commodity stocks are still cheap. Many are trading with single digit P/Es. The market is pricing them as if they're not in a long-term bull market. What they don't know is that they're in for a nasty surprise. The tables on Wall Street have already turned. But investors are still playing the old game. As you'll soon see, the new game will be vastly different from any market most investors today will be familiar with. It will be more like the '70s. You see when commodities go up, most other investments go down. And while rising commodity prices might be great for their producers (and those invested in them), it's terrible for the economy, and the broader market. They begin to bear down on corporate profits.    The problem is we need oil and all sorts of commodities to build the world in which we live.  For example, virtually everything you own or consume has been touched by oil in some way - whether it was used in the transport of the goods, or the fertilizer on your foods, or the plastics in your products. Everything from combs to cameras...detergents to dresses...shampoo to shoe polish... tires to toilet seats have been touched by oil. When oil prices remain low, it doesn't just keep the price of our gas and our heating down, it also keeps the price of almost everything else down too. But when they rise, they start to spill over into every nook and cranny of the economy. That's the inflationary or deflationary power that this black gold holds. And when the prices of many commodities start to sky-rocket, businesses profits are squeezed, and they end up having to pass these extra costs onto you - the consumer - in the form of higher prices. This is what happened in the '70s. The Worst Decade for Stocks in Economic History Though few know it, from 1967-82, U.S. stock markets went through their worst 15-year period ever - even worse than the Great Depression. We experienced five bear markets. Oil and commodity prices began their great rise. Inflation started to spin out of control. Investors became irrational. They punished even the era's greatest growth stocks. The P/E ratio of the S&P crashed from 16 to less than 8. Retail stores, cosmetics, beverages and food stocks all plummeted, with cosmetics leading the way, losing more than 45%. Pepsi, Avon, Gillette, Kellogg's, Hershey, Wal-Mart, Ford, GM, Dow Chemical, DuPont all watched their stock prices plummet 10-90%. Little was spared. Commodities on the other hand, and those invested intelligently in them, soared to the stratosphere. Gold went up 23-fold. Oil went up 11-fold. Oil stocks, copper, palladium, zinc, silver were not far behind. Sugar, grains, soybeans - and many more agricultural commodities soared 5- to 40-fold!  As you'll soon see, they're about to do so again. That's why I'm writing to you today. To tell you that Mr. Market is still sleeping. That Wall Street has changed. That we are still at the beginning of what promises to be the greatest commodity bull-market the world has ever seen...and may ever see again... We had three commodity bull markets last century. And each one was bigger than the last. This next one promises to eclipse them all. Some (including Jim Rogers, the world's top commodity expert) expect it to run as long as 2022! Commodities will impact almost every area of your life. Whether you want to be invested in them or not, they are going to affect your wealth...your lifestyle...your costs of living...the kind of car you drive...what kind of house you live in...your investments. They'll even determine the fate and fortunes of companies everywhere - even the fate and fortunes of entire nations! In the coming years commodities could make you rich. Or they could make you poor. It's up to you. How to End the Most Difficult Era - 10 - 20 Times Richer! My name is Eric Roseman. And I am the investment director of the Sovereign Society. A few years ago, we began what has proven to be one of the world's most successful investment research services. It's called the Commodity Trend Alert. And to date - even though we are still at the beginning of the epic move we see coming in commodities - our returns have been stellar. We are currently up an average of 111% on each of our 34 open positions! Our very first pick, the Chicago Mercantile Exchange (the world's biggest commodity exchange) is currently up over 1,100%. Plus we are up: 553% on UTS Energy Corporation 235% on Silver Wheaton 149% on Silver Bullion 137% on Total Fina ADR 94% on ENI Spa 90% on Goldcorp 63% on Newmont Mining 70% on Oppenheimer Real Estate Assets Just to name a few! But even these superior returns may look small in comparison to what we see coming in the short years ahead. Let me tell you why... Get Ready for an Era of Oil Shocks... Food Shortages... and Commodity Crunches The Earth is rapidly running out of many of the critical resources we need to keep the enormous global economic engine running. Supply gaps are opening up in many critical resources. And in the short years to come we will start to experience the shocks of these shortfalls. For example, in the next few years, we'll experience: A Global Energy Crisis. The seriousness of the delicate gap between our oil demand and supply situation will become painfully clear. During the '90s we had on average 12 million spare barrels in the 90s. Now we're down to just one million. A terrorist attack...a super storm...middle-eastern crisis...geopolitical crisis...any shock will be enough to send oil prices off the Richter scale. Even the slightest disruption in the oil supply chain will result in super-spikes in the price. These super-spikes will rattle investor confidence...rock markets...and send indices on a perpetual roller coaster-ride. But oil companies with vast reserves stand to make obscene profits. I'll tell you about one of the greatest and most undervalued oil stocks in a moment. In fact, this oil goliath is going so cheap right now, that it's like getting oil at $10 a barrel. If oil goes to $100 or $200 a barrel - you could make 10-20 times your money. America's First Major Natural Gas Crisis, which will be even worse than our oil crisis...and it's upon us now. What few Americans realize is that we are out of gas. Our wells are depleting rapidly, and we're just not finding enough new supplies to keep up with demand. Charged by new government mandates to reduce harmful emissions, and lured by the attractive economics of revolutionary new gas-fired power plants, industry dropped coal like a hot stone, and they made a silent and swift shift to gas. In fact, nearly all the new power plants that have been erected since 1990 are gas-powered. In the past few years alone, America has installed a fleet of them so large, that they would exceed the entire energy output of the UK and French electric power industries combined! But now we've built up yet another deadly industrial addiction. And while the government encouraged it, they failed to ensure we'd have adequate supplies of it to keep industry humming. And now crunch time has arrived. Now America's about to see rolling black outs, super-spikes in the price of gas, and hard times for gas-dependent industries ahead. And there's little we can do about it. But American gas giants with mammoth reserves stand to make a killing. You'll learn about them in Commodity Trend Alert.  World Food Shortages. Our global food supply is near breaking point. In the past five years, the world has consumed more food than it has produced. This is the first time that has happened in recorded history. We're rapidly running out of arable land in order to grow all the crops we need to feed the growing global population. Super storms, droughts, violent weather, environmental catastrophes, population explosions, rising energy costs are further aggravating the situation. And global warming, in the short years to come, will only make the problem worse. A calamitous short-fall in the world's food supply is right round the corner. And it will send the prices of many agricultural commodities like maize, sugar, soybeans, wheat, oats, bran and barley to the sky.   Zinc Gaps...Rubber Shortages...Copper Crunches...Silicon Squeezes. The infrastructure in place to get many of these vital commodities out of the Earth is woefully inadequate...and a shortage of skilled workers in the sector is worsening the situation. The industry simply can't keep up with soaring global demand... And this is just a hint of the difficult era we have ahead of us - an era that was largely the result of a number of profound economic events that were set in motion many years ago now. These events, at the time, were seen as global triumphs. But they have a dark side, which is only just starting to rare its ugly head... Conjuring up 3.3 Billion New Capitalists Virtually Overnight The two events that changed everything were the collapse of communism and the rise of the Internet. These momentous events in history allowed 3.3 billion new players to suddenly become an integral part of the global economy virtually overnight. Communist and socialist cultures, not to mention subsistence farming and struggling agricultural communities, that were once almost completely isolated (even barricaded) from the global trading game - suddenly within the blinking of an eye became an integral part of it. The information revolution melted the iron curtain, opened up the world's last major trading and communications channels, and drew these new players onto an already creaky and crowded industrial stage. Together these two events changed the shape, redistributed the power, and greatly expanded the size, complexity and reach of global commerce in a way never dreamed possible... And now these new capitalists are hungry to taste of all the fruits, and enjoy all the wonders that the great American Experiment can bring. Problem is this is placing unprecedented strains on an already stressed system. Largely we are facing a colossal commodity crunch - everything from oil shocks to zinc gaps...from copper crunches to silicon squeezes. In most cases it's not the fact that we're running out of the resource (for copper and silicon we still have millennia of supplies) - what we're running out of is human capital and time. We simply don't have enough workers, engineers, geologists, miners, scientists, chemists, and architects to build the enormous infrastructure needed to keep the global engine running. What the mainstream market doesn't realize is that it takes years to educate and train the workforce required to build this essential infrastructure. What's more it takes even more years to build the oilrigs, the copper mines, the refineries, the zinc mines, the pipelines, the power stations, the supertankers, the mega-machines, and the distribution networks. It takes up to ten years to build a nuclear reactor. Seven to get a copper mine online. Five to build an oilrig. Six to lay an international pipeline.       The Human Capital Crunch! Another great problem is that the engineers and the upper management (the key workers in the natural resource sector) are largely baby-boomers, and they're all retiring. Unfortunately they're retiring at the worst possible time. In the '70s, we had a glut of mining engineers, geologists and surveyors. The industrial world was awash with them. They were among the hottest, and most sought after professions, and they helped flood the market with what seemed an endless supply of cheap natural resources. But as the green organizations, the popular press, the scientific community and the conservationists began sounding the alarms about global warning, acid rain and pollution, these professions became the dirtiest in industry. And as economic booms pursued in electronics, computers, telecommunications, healthcare and finance, these old economy careers and corporations were the thorn on industry's side... The amount of undergraduates signing up for programs in the natural resource sector dropped dramatically. In 1981 we were graduating 700 mining engineers a year. Today we are graduating a mere one hundred. The amount of universities offering mining engineering degrees has dropped from 25 to 15. One school closed in 2001, after graduating only one student. In the '80s, everyone had geared up for an industrial world, but these vital commodities no longer seemed critical to global commerce. The commodity industry had spent billions ramping up production. New mines. New machines. New steel mills. Demand had been met, and exceeded. Suddenly, a new technology-driven economy was awash with old resources that it didn't need. But an expensive industrial resource machine was already in place. Powering it down proved financially crippling. Oil companies were forced to merge. Copper mines were forced to shut. Furnaces died. Refineries went offline. And commodities began their great 18-year bear market.  The Commodity Conundrum But in 1980, there were only 1.7 billion players on the industrial stage. As the decades went by, with communism collapsing, the Internet exploding, and mega-markets like China and India industrializing, this brought billions more new players onto the global stage. Now we have over six billion people drawing on the finite resources of the planet. And in just a single generation, we'll have another two billion. It would seem that the tables have turned, and we have come full circle again. But this time, society, finance, industry is far more complex, and requires far more resources to keep it going. And the infrastructure that once provided an excess only two decades ago, is now woefully under-equipped to handle today's demands. What's more, the pains of the last commodity meltdown, still linger with the sector. And the sector is all too well aware of the risks and expenses involved in powering up again, so they're not too keen on fulfilling the monumental industrial challenge required of them.  This will cause one of the most colossal commodity crunches the global economy has ever faced. And with the next great wave of industrialization - bigger than any we've experienced in the past - the situation will become dire. It, coupled with the global energy crisis, will turn Wall Street on its head. Industries and corporations - once thought immune to such squeezes - will be affected. Commodity crunches have already begun to bear down on many a player. Rubber shortages are deflating tire companies...zinc gaps are closing in on sunscreen manufacturers...copper crunches are impacting electric and construction companies...silver shortages are tarnishing the profits of watch-makers and jewelers...the energy crisis is crippling chemical companies, automakers, food producers, airlines and all kinds of manufacturers - even silicon squeezes are taking the breath out of computer companies profits. The Coming Two Phases that Will Blast Commodities into the Stratosphere If you think the commodity bull market is over, think again. For some commodities, and particularly for commodity stocks this bull has barely begun! In fact, what we've seen is more of a bear market for the dollar, than a bull market in many commodities. For example, in dollar terms the price of gold has more than doubled in the past 6 years. But in most other major currencies from the Swiss franc to the euro to the yen the price of gold has barely moved. But wait till gold and other commodities start to show up on foreign investors' radars as they consistently carve new local currency highs around the world, then everyone will want a piece of them. And this demand will start to push commodities up into the next leg of their bull market. High commodity prices will eventually spill over into almost every part of the economic universe. They will bear down on businesses profits. And businesses will pass the extra costs more and more onto you - the consumer - in the form of higher prices. This will cause inflation to creep up to dangerous levels. What most people don't realize is that inflation has a secret tipping point - when it reaches around 5%, it begins to feed off itself, and take on a life of its own. Higher energy and commodity costs force businesses to charge more for goods, which in turn force workers to demand higher wages, which further adds to the cost of goods. And it becomes a vicious cycle. Businesses end up raising prices just because of the mere expectation of higher inflation in the future.   Markets will become increasingly irrational. P/E ratios will plummet - across the board. Investors will punish even the greatest growth stocks of the time - just as they did in the inflationary '70s. Great power players like Procter & Gamble, 3M and Polaroid watched their stock prices crash 50-90% - even as their fundamentals remained strong and growth powered forward. Then will come the final leg of commodity's last great run. It's when the investment crowd realize they can get a better return from commodities than stocks and bonds, and they all start to flock enmasse into oil, gold, silver, platinum, copper and other commodity investments - putting even further upward pressure on commodity prices - sending the price of these investments to dizzying heights - thrusting us into the very same deathly inflationary spiral that almost ruptured the fabric of American society in the '70s. While this will spell terrible news for the broader market - for commodities (and for those invested in them) - it will mean riding one of the greatest bull markets history has ever seen. Now I'm about to let you in on one of the surest and greatest ways to ride it. The #1 Commodity to Own Today In the last commodity bull market, one of the best-performing commodities was oil. And it will be so again. But the move we see coming in oil, may eclipse any that has ever come before it. From 1968-81, the price of oil rose 1,012%. And oil stocks were not far behind. Many delivered an average annual rate of return of 31% for the entire decade! That means a $10,000 portfolio of oil stocks in 1970 could have grown to $148,837 by the decade's end - making you 14 times richer. And that's before dividends! Yet if you'd stayed in the broader market, and stuck with a conventional diversified portfolio, you'd have ended the decade a lot poorer. Any gains your investments may have offered you would've been wiped out by inflation. While the decade was remembered by most investors as a particularly painful one, those who got in early on oil got very rich. We believe oil is again at the beginning of another epic bull market. While we may see pullbacks in the price, don't be fooled. They will only be fleeting. For unlike the oil crisis of the '70s, which was caused by embargoes placed on the Middle East, today's oil crisis is real. While it might be in dispute about whether the Middle East has reached peak oil or not, it's not in dispute that much of the rest of the world has. You see, in 1999, a momentous transformation occurred in the dynamics of the global oil market. It was this transformation that changed everything, and sent oil prices rocketing skyward, though few noticed it at the time. What happened was for the first time in OPEC's history, they were no longer just another player in the oil arena. Rather, they had become the controlling player. Oil prices then became supply-driven. From 1982-1998, the major oil producing countries outside OPEC, had the ability to increase oil production in order to accommodate for global growth. But in 1999, these oil-producing countries hit a point where they could no longer increase production by any significant amount. The only countries outside OPEC with the ability to increase production were a handful from the Former Soviet Union and Africa. But the increases we've seen from these regions this decade have been negligible. To put it another way: By 1999, the world was using all the oil that non-OPEC countries were capable of producing. Prior to that, any shortfalls in OPEC's oil supplies - due to wars, political instability, terrorist attacks or what not - could always be made up by other countries. But in 1999, Britain and all the other major non-OPEC oil-producing countries hit a point where they could no longer do that. They were already pumping at full capacity. Supply was barely keeping up with demand. The result is that now, we are fully reliant on OPEC - a politically unstable region - to make up for any shortfalls in our global energy supply. This has not only sent global oil prices soaring skyward, but it has precariously awarded OPEC with almost complete control over oil prices. That is the main reason why you won't see oil prices coming down any time soon. And why this historic bull market in oil has a long way to go. 20 Times Your Money on the World's #1 Oil Investment We've already posted a string of massive gains in oil stocks, including: Eni Spa ADR  94% Lukoil ADR  18% UTS Energy Corporation 647% Staitoil ASA ADR 146% Statoil January 2007 22.5 Puts 68% Tsakos   42% Canadian Oil Sands Trust  15% Crude Oil March 2005 Call 199% Petrobas 2005 30 calls 113% All figures as of June 1st, 2007 But there's one oil investment opportunity that ranks above all the rest. For in a world where most oil majors and companies are struggling to replace their annual production, this player is swimming in 20 billion barrels of reserves - that's almost as much as Exxon Mobil - yet this company's stock market capitalization is just 1/7th of Exxon's! This undervalued oil goliath holds 1.3% of global oil reserves and 2.1% of global oil production. And it's recently announced plans to double its oil and gas output by 2016 to 4 million barrels of oil equivalent a day. Plus the company plans on spending $3 billion on share buybacks over the next 3 years, which is usually a very bullish sign for the stock. Yet buying it today is like buying oil at $10 a barrel! Wait till oil ratchets up to $100 to $200 a barrel - and wait till the market wakes up to the massive pot of black gold this company is sitting on - then you could make 10-20 times your money. Mark my words it's the investment of a lifetime. Even "the Peter Lynch of Oil", Charles Maxwell agrees with me! But you'd better be quick. These bargain basement prices won't last forever. In a world starved for energy and commodities, this company will enjoy a very snug position indeed! You'll learn all about this amazing oil stock, and many more commodity investment opportunities set to soar in a special free report we'll send you when you sign up for the Commodity Trend Alert. It's called: The Commodities Supercycle: How to Profit in the Next Mega Phase With 3 High-Powered Investments. No Rush Like the Coming Great Global Gold Rush In The Commodities Supercycle: How to Profit in the Next Mega Phase With 3 High-Powered Investments, you'll also learn about another two commodity complexes set to soar in the years ahead, including the precious metals complex, of which gold will lead the way. In the last commodities bull market gold went up a staggering 23-fold. In times of uncertainty, investors rush to gold. And in the oil-shocked, commodity starved, inflation-afflicted times ahead, gold will shoot to the stars. This won't be like the gold bull market in the '70s. It will be much bigger. For we now have a lot of new players on the global stage. And as energy shocks and commodity crunches begin to rock global markets, these new players will get very hungry for the immortal metal. The 2.3 billion Chinese and Indians have already begun to show their voracious appetite for the metal. But this is only the beginning. When gold lust spreads from the contrarians to mainstream investors to the general public, then you'll truly see that there is no rush like a great global gold rush. What's more, there hasn't been a big gold discovery for many years. And despite soaring global demand, the World Gold Council expects gold production to stay flat or even decline over the next few years. The infrastructure is already woefully inadequate to meet current demand. But once demand really heats up, a massive supply gap will open up, causing the price of gold to skyrocket. The argument for gold today is so compelling, there really is no greater investment for the volatile times ahead. In The Commodities Supercycle: How to Profit in the Next Mega Phase With 3 High-Powered Investments you'll learn about some of the world's best gold, silver and precious metals stocks to own right now. The World's Most Undervalued Commodity Complex Could a commodity - off almost everyone's radar at the moment - have the potential to even outdo gold in the coming commodity bull run? While most commodities have enjoyed stellar returns this decade, there's one commodity complex that has lagged behind all the rest. But it's about to go into hyper-drive! In fact, during the last '70s bull market in commodities one of these commodities rose 47-fold in just 8 years. It even outdid oil and gold...and there are compelling reasons why it could do so again.  I'm talking about the soft commodities - or agricultural commodities. As I said earlier, we are about to experience a calamitous shortfall in the world's food supply. We're rapidly running out of arable land in order to grow all the crops we need to feed the growing global population. And climate change is only going to make the situation worse. Super storms, droughts, tsunamis, violent weather, environmental catastrophes are only expected to accelerate because of global warming. Yet soft commodities have been in a bear market for many years. At the moment, they are extremely undervalued. While sugar and corn may have rallied - thanks to the biofuel boom - many other soft commodities have gone nowhere. But there are many compelling reasons why soft commodities are about to enter a decade-long super bull market...one that may even outperform gold and oil - just as they did in the inflationary '70s. In The Commodity Supercycle you'll learn about one of the easiest and greatest ways for the retail investor to get in on the coming soft commodities boom. Your Risk-Free Trial Membership Can Start Today! I hope I've convinced you of the important role that commodities will play in global markets in the years ahead. And why you need a completely different mindset to survive and thrive in this new market reality. And despite enjoying several years of stellar gains on commodities already, I'm convinced that the best is yet to come. Sign up for Commodity Trend Alert today. I'll send you your free report immediately. And you'll hear from me once a week in special e-mail investment bulletins, where I'll give you an update on commodity markets, and our portfolio of stocks, plus new recommendations. This is a weekly investment research service. And you'll get specific notifications of exactly when to buy and when to take your profits. Most personal investment research services like this would cost upward of $5,000. But as a special charter member offer, you can sign up for a 3-month trial membership for just $249. Try the service out risk-free for 30 days. Read your special free report on The Commodities Supercycle: How to Profit in the Next Mega Phase With 3 High-Powered Investments...read my e-mail bulletins and try out a few commodity trades if you like. If you're not satisfied, we'll refund your money in full. No questions asked. And you can keep all the special reports and bulletins as our gift to you! But I'm convinced you'll be hooked. I've helped a lot of my subscribers get very rich these past few years, and I have received wonderful feedback for my efforts. Glenn S. recently wrote me thanking for "a 3 bagger." John F. claimed he was as "happy as hell" with the 209% he was up on Silver Wheaton. And David K, wrote, saying: "In the vast field of financial (newsletters), some are bad, most mediocre, and a few are outstanding. You fall into the last group and have made me a lot of money with Fording Coal, Cemex, Toronto Stock Exchange, and others. But what makes you great is you are the only one I know that actually thinks about protecting your (subscriber's) capital."  I hope you can give me the chance to do the same for you! To sign up just click on the order button below. Eric Roseman Investment Director of the Sovereign Society, and Editor of Commodity Trend Alert July 2, 2007 P.S. The next 10 years will probably be one of the worst decades in stock market history. We will experience oil shocks, zinc gaps, rubber shortages, food shortages. Rising oil and commodity prices will start to spill over into every part of the economic universe. They will bear down on businesses profits. Businesses will then be forced to raise their prices. Our cost of living will head higher and higher. Inflation will begin to rare its ugly head, and it will wreak havoc on the broader market. Bear markets will abound. Stock indices will crash. P/E ratios will plummet - across the board. Little will be spared. And baby boomers will be pushed onto the breadline. But commodities (and those invested intelligently in them) will soar to the stratosphere. And this might be one of your last chances to get in on them at dirt-cheap prices. Don't wait for the crowd. Get in now, and you could end the era 10 - even 20 times richer!