Back from Singapore...

Porter's favorite thing about Singapore...

We're back from Singapore.

Porter loved his visit. The country is clean, efficient, and wealthy. In today's Digest Premium, he shares some of the reasons Singapore is so successful... and why he's such a big fan.

To subscribe to Digest Premium and receive a free hardback copy of Jim Rogers' latest book, click here.

Back from Singapore... Our favorite Alliance presentations... This stock nearly doubled since our Singapore meeting...

 The Digest team is back from our annual Alliance meeting, which took place last week in Singapore.

It was wonderful to spend time with some of our top subscribers in Asia... and share several never-before-divulged recommendations. Based on the feedback we received, this was the best Alliance conference we've ever hosted.

In fact, one of the stocks our analysts told Alliance members to buy has nearly doubled since we shared the idea in Singapore.

That's the value of the Alliance conference... You're in a room with our top analysts (and a few exclusive outside speakers), hearing new ideas, asking questions, and getting some of the best investment insight available today.

 Small Stock Specialist editor Frank Curzio recently spent time driving around some of the largest shale plays in the U.S. with a top oil-industry executive. He shared some of the secrets he learned from his time on the ground – and why he thinks we're about to see major consolidation in the industry.

 True Wealth editor Steve Sjuggerud explained why he's still bullish on the stock market... but why the biggest opportunities are outside of the U.S.

Steve said he thinks we're in the sixth inning of the "Bernanke Asset Bubble." But he says the last three innings are when we'll see a dot-com-style boom.

Still, he recommended the safest way to set yourself up for extraordinary gains in emerging markets.

 Peter and Tama Churchouse, editors of the Asia Hard Assets Report, told attendees their favorite stock market in Asia right now... and the best stock to profit from it.

Peter, who is based in Hong Kong, was the former head of Morgan Stanley Asia. He left to start an Asian real-estate stock hedge fund. Now, he's sharing his decades of knowledge with his newsletter subscribers.

 But my vote for the top presentation goes to S&A Resource Report editor Matt Badiali.

As we discussed in the October 31 Digest, Matt recently returned from an exploratory trip to Iraq. He was looking at small-cap oil companies in the Kurdistan region. As we wrote...

 In his presentation, Matt gave the names of five small-cap oil companies operating in Kurdistan. He thinks the oil majors, like ExxonMobil and Chevron, are about to go on a buying spree in Kurdistan... And he believes these small oil companies will likely be the targets.

(On a side note, the conference presentations are available to all Alliance members under the Alliance Meeting tab on the Stansberry & Associates website.)

 After Matt divulged the five Iraqi oil companies, he gave a special "bonus recommendation." This was a mining company whose shares had recently been beaten down.

The mining stock is Pretium Resources (PVG.TO). Just days after his recommendation, Pretium announced preliminary drilling results... The stock soared from $3.08 on Thursday to $6 on Friday.

Any Alliance members who purchased the stock made an absolute fortune in less than a week.

If you've ever wondered what the benefit is to attending one of our Alliance conferences, this is it... And in today's Digest, we'll share a special update from Matt on Pretium...

(Note: Matt is not recommending you buy shares at this moment. After such a dramatic increase in price, Pretium shares are likely to decline. He will update his readers on the stock in the future.)

 In June 2011, I (Matt) stood high on a ridge in the mountains of British Columbia on the site of Pretium's BruceJack project. Patches of snow made walking the uneven slopes tricky. The rock was smooth and free of plants... and apparently full of gold.

I visited the project because the company kept surprising the market with incredibly high-grade drill results. The average grade of giant gold miners like Goldcorp, Newmont Mining, and Barrick Gold is around one gram per ton.

To put that in perspective, that's like getting a paperclip worth of gold from a cubic yard of rock.

However, in the Valley of Kings, one part of the BruceJack project, we saw the company cut sections of rock containing hundreds of grams per ton. One core cut a vein that contained 18,754 grams per ton.

The drilling results intrigued me... and the rest of the market. The company's share price doubled from June 2011 to March 2012.

The company issued a report that determined BruceJack held 7.3 million ounces of gold with an average grade of 12 grams per ton. That should have started a bidding war for Pretium.

However, there was a problem. The report requires an engineering company to estimate the total amount of gold from the drilling samples. Because the project had high-grade gold, it had a dramatic effect on the total gold volume and grade.

According to mining analyst Brent Cook, just 0.8% of the rock accounted for 25% of the total gold volume.

The result drew some skepticism from the mining community. Pretium's CEO decided to test the accuracy of the study with a 10,000-ton bulk sample. The company would mine a 10,000-ton block of ore and remove the gold to gauge the accuracy of the feasibility study. It hired engineering firm Strathcona to oversee the test.

Strathcona's engineers proposed collecting a "sample tower." They would collect 100 samples from the bulk sample as an additional test. However, because the high-grade was so concentrated, the sample tower would likely miss it all... which would result in a much lower overall grade.

The dispute quickly went from technical to personal. Strathcona withdrew its services and publicly attacked Pretium. Strathcona's CEO dismissed Pretium's study. The final blow came on Friday, when several legal firms initiated a class-action lawsuit against Pretium based on Strathcona's assertions. The lawsuit claims that Pretium's management issued false or misleading statements about the study's validity.

As you can imagine, shares got crushed. But Pretium kept its head down and continued to work on its bulk sample.

During last week's Alliance conference in Singapore, Porter asked me to give my opinion on Pretium. I told the audience that when it comes to junior mining, it's all about the people. And I personally know Pretium founder and CEO Bob Quartermain. He's one of the really good guys in the sector.

Last Monday, I told the audience that this was a squabble between engineering companies. The comments from Strathcona's CEO were so pompous and over the top, I felt they were overstated. And the market had priced so much bad news into the stock, it was worth the speculation.

On Friday, Pretium released preliminary results from the bulk sample. It already has more gold than expected. The company wanted to produce 4,000 ounces of gold from 10,000 tons of ore.

Through 8,090 tons of ore, Pretium produced 4,215 ounces of gold. It's on pace to produce 5,215 ounces of gold – 30% more than originally expected. (The ore also produced almost 3,600 ounces of silver so far.)

That's tremendous news. It has validated the study's findings. And it makes Strathcona's CEO look like a jerk.

The market responded to the news by sending Pretium's shares soaring from $2.89 on Thursday to $5.53 on Friday... a 91% gain in one day.

According to Brent Cook, this makes Pretium a prime takeover candidate. Don't be surprised if we see a major miner try to acquire it in early 2014.

 In today's mailbag, one subscriber demands an apology because we failed to perform our due diligence on Pretium. Oh, the irony... Send your feedback to feedback@stansberryresearch.com.

 "This is my second letter about this subject. You compared five minors and Pretium was one. Your information was incorrect about Pretium, and I think you ended up suggesting royal gold. The facts stated about Pretium were wrong, they are not producing .49 grams per ton of gold, in fact the planned mining starts 2016.

"If you had done due diligence, you would have found out that Pretium is sitting on one of the best gold deposits discovered in the last several years. You would have also known that the stock had dropped because one company, of two hired to process trailings, had stated there were no resources in the ground. That company is Strathcona.

"You would have also known that Casey had sent his resource guy down there to personally see the companies drill results, and that there have been 200 people working up there getting that mine ready, and drilling, trailings etc... basically you would have seen the stock was unfairly punished, and therefore was an outstanding value. The processing of tailings has yielded 16 grams per ton, and may get up to 20 before all is said and done. 19 drill intersects at 1000 grams per ton, and one whopper 17000 grams per ton.

"The stock popped 80 percent on Friday, and I'll bet it hits 8-9 dollars before the week is over. I am writing this hastily, so all pertinent data was not stated, check it out for yourself. You said watch out below once before when referring to my investing. What about whoops sorry readership we got this wrong, Pretium was not the company we were talking about, or our info was all wrong... ..YOU SHOULD WRITE AN APOLOGY, because you got it way wrong." – Paid-up subscriber Don Best

Regards,

Sean Goldsmith
Miami Beach, Florida
November 25, 2013

Stansberry & Associates Hall of Fame
(Top 10 all-time, highest-returning closed positions across all S&A portfolios)

Porter's favorite thing about Singapore...

 The Digest team is back from our annual Alliance meeting, which took place last week in Singapore.

It was wonderful to spend time with some of our top subscribers in Asia... and share several never-before-divulged recommendations. Based on the feedback we received, this was the best Alliance conference we've ever hosted.

In fact, one of the stocks our analysts told Alliance members to buy has nearly doubled since we shared the idea in Singapore.

That's the value of the Alliance conference... You're in a room with our top analysts (and a few exclusive outside speakers), hearing new ideas, asking questions, and getting some of the best investment insight available today.

 Small Stock Specialist editor Frank Curzio recently spent time driving around some of the largest shale plays in the U.S. with a top oil-industry executive. He shared some of the secrets he learned from his time on the ground – and why he thinks we're about to see major consolidation in the industry.

 True Wealth editor Steve Sjuggerud explained why he's still bullish on the stock market... but why the biggest opportunities are outside of the U.S.

Steve said he thinks we're in the sixth inning of the "Bernanke Asset Bubble." But he says the last three innings are when we'll see a dot-com-style boom.

Still, he recommended the safest way to set yourself up for extraordinary gains in emerging markets.

 Peter and Tama Churchouse, editors of the Asia Hard Assets Report, told attendees their favorite stock market in Asia right now... and the best stock to profit from it.

Peter, who is based in Hong Kong, was the former head of Morgan Stanley Asia. He left to start an Asian real-estate stock hedge fund. Now, he's sharing his decades of knowledge with his newsletter subscribers.

 But my vote for the top presentation goes to S&A Resource Report editor Matt Badiali.

As we discussed in the October 31 Digest, Matt recently returned from an exploratory trip to Iraq. He was looking at small-cap oil companies in the Kurdistan region. As we wrote...

 In his presentation, Matt gave the names of five small-cap oil companies operating in Kurdistan. He thinks the oil majors, like ExxonMobil and Chevron, are about to go on a buying spree in Kurdistan... And he believes these small oil companies will likely be the targets.

(On a side note, the conference presentations are available to all Alliance members under the Alliance Meeting tab on the Stansberry & Associates website.)

 After Matt divulged the five Iraqi oil companies, he gave a special "bonus recommendation." This was a mining company whose shares had recently been beaten down.

The mining stock is Pretium Resources (PVG.TO). Just days after his recommendation, Pretium announced preliminary drilling results... The stock soared from $3.08 on Thursday to $6 on Friday.

Any Alliance members who purchased the stock made an absolute fortune in less than a week.

If you've ever wondered what the benefit is to attending one of our Alliance conferences, this is it... And in today's Digest, we'll share a special update from Matt on Pretium...

(Note: Matt is not recommending you buy shares at this moment. After such a dramatic increase in price, Pretium shares are likely to decline. He will update his readers on the stock in the future.)

 In June 2011, I (Matt) stood high on a ridge in the mountains of British Columbia on the site of Pretium's BruceJack project. Patches of snow made walking the uneven slopes tricky. The rock was smooth and free of plants... and apparently full of gold.

I visited the project because the company kept surprising the market with incredibly high-grade drill results. The average grade of giant gold miners like Goldcorp, Newmont Mining, and Barrick Gold is around one gram per ton.

To put that in perspective, that's like getting a paperclip worth of gold from a cubic yard of rock.

However, in the Valley of Kings, one part of the BruceJack project, we saw the company cut sections of rock containing hundreds of grams per ton. One core cut a vein that contained 18,754 grams per ton.

The drilling results intrigued me... and the rest of the market. The company's share price doubled from June 2011 to March 2012.

The company issued a report that determined BruceJack held 7.3 million ounces of gold with an average grade of 12 grams per ton. That should have started a bidding war for Pretium.

However, there was a problem. The report requires an engineering company to estimate the total amount of gold from the drilling samples. Because the project had high-grade gold, it had a dramatic effect on the total gold volume and grade.

According to mining analyst Brent Cook, just 0.8% of the rock accounted for 25% of the total gold volume.

The result drew some skepticism from the mining community. Pretium's CEO decided to test the accuracy of the study with a 10,000-ton bulk sample. The company would mine a 10,000-ton block of ore and remove the gold to gauge the accuracy of the feasibility study. It hired engineering firm Strathcona to oversee the test.

Strathcona's engineers proposed collecting a "sample tower." They would collect 100 samples from the bulk sample as an additional test. However, because the high-grade was so concentrated, the sample tower would likely miss it all... which would result in a much lower overall grade.

The dispute quickly went from technical to personal. Strathcona withdrew its services and publicly attacked Pretium. Strathcona's CEO dismissed Pretium's study. The final blow came on Friday, when several legal firms initiated a class-action lawsuit against Pretium based on Strathcona's assertions. The lawsuit claims that Pretium's management issued false or misleading statements about the study's validity.

As you can imagine, shares got crushed. But Pretium kept its head down and continued to work on its bulk sample.

During last week's Alliance conference in Singapore, Porter asked me to give my opinion on Pretium. I told the audience that when it comes to junior mining, it's all about the people. And I personally know Pretium founder and CEO Bob Quartermain. He's one of the really good guys in the sector.

Last Monday, I told the audience that this was a squabble between engineering companies. The comments from Strathcona's CEO were so pompous and over the top, I felt they were overstated. And the market had priced so much bad news into the stock, it was worth the speculation.

On Friday, Pretium released preliminary results from the bulk sample. It already has more gold than expected. The company wanted to produce 4,000 ounces of gold from 10,000 tons of ore.

Through 8,090 tons of ore, Pretium produced 4,215 ounces of gold. It's on pace to produce 5,215 ounces of gold – 30% more than originally expected. (The ore also produced almost 3,600 ounces of silver so far.)

That's tremendous news. It has validated the study's findings. And it makes Strathcona's CEO look like a jerk.

The market responded to the news by sending Pretium's shares soaring from $2.89 on Thursday to $5.53 on Friday... a 91% gain in one day.

According to Brent Cook, this makes Pretium a prime takeover candidate. Don't be surprised if we see a major miner try to acquire it in early 2014.

 In today's mailbag, one subscriber demands an apology because we failed to perform our due diligence on Pretium. Oh, the irony... Send your feedback to feedback@stansberryresearch.com.

 "This is my second letter about this subject. You compared five minors and Pretium was one. Your information was incorrect about Pretium, and I think you ended up suggesting royal gold. The facts stated about Pretium were wrong, they are not producing .49 grams per ton of gold, in fact the planned mining starts 2016.

"If you had done due diligence, you would have found out that Pretium is sitting on one of the best gold deposits discovered in the last several years. You would have also known that the stock had dropped because one company, of two hired to process trailings, had stated there were no resources in the ground. That company is Strathcona.

"You would have also known that Casey had sent his resource guy down there to personally see the companies drill results, and that there have been 200 people working up there getting that mine ready, and drilling, trailings etc... basically you would have seen the stock was unfairly punished, and therefore was an outstanding value. The processing of tailings has yielded 16 grams per ton, and may get up to 20 before all is said and done. 19 drill intersects at 1000 grams per ton, and one whopper 17000 grams per ton.

"The stock popped 80 percent on Friday, and I'll bet it hits 8-9 dollars before the week is over. I am writing this hastily, so all pertinent data was not stated, check it out for yourself. You said watch out below once before when referring to my investing. What about whoops sorry readership we got this wrong, Pretium was not the company we were talking about, or our info was all wrong... ..YOU SHOULD WRITE AN APOLOGY, because you got it way wrong." – Paid-up subscriber Don Best

Regards,

Sean Goldsmith
Miami Beach, Florida
November 25, 2013

 In Singapore, government spending is 17% of GDP. The tax rate is 20%. But with deductions, the tax rate is closer to 16%.

Compare that with America, where the government spends 44% of GDP (and that's with artificially low interest rates). And you can pay more than half your income in state and federal taxes if you live in California or New York.

 My favorite thing about Singapore is there's no traffic. Singapore has a population of 5.3 million people and a land mass of only 276 square miles. That's less than one-fifth the size of Rhode Island... and five times more people.

But still, there's no traffic. That's because you have to enter a lottery – officially called a Certificate of Entitlement (COE) – to drive. Only a certain number of COEs are released each month. And if you successfully bid on one, you can drive for 10 years. The regulation aims to peg long-term vehicle growth at 3% a year.

It costs nearly $60,000 to get a COE for a small car. And then you have to pay huge import duties on your actual car.

 Of the 5.3 million people in Singapore, only 3,000 receive help from the government. No health care is free. No matter how poor you are, you pay something.

That's because as part of the state-mandated savings policy, a portion of your savings goes toward health care spending. And there's no Social Security Ponzi scheme... Parents can sue children who refuse to support them.

 On a GDP basis, Singapore has created more wealth than almost anywhere in the world over the past 60 years. This is the place where capitalism has succeeded as promised in the text books.

Singapore's leaders figure out what will create more growth and more wealth and follow that... They don't try to figure out what's "fair."

– Porter Stansberry with Sean Goldsmith

Porter's favorite thing about Singapore...

We're back from Singapore.

Porter loved his visit. The country is clean, efficient, and wealthy. In today's Digest Premium, he shares some of the reasons Singapore is so successful... and why he's such a big fan.

To continue reading, scroll down or click here.

Stansberry & Associates Top 10 Open Recommendations
(Top 10 highest-returning open positions across all S&A portfolios)

As of 11/22/2013

Please note: Securities appearing in the Top 10 are not necessarily recommended buys at current prices. The list reflects the best-performing positions currently in the model portfolio of any S&A publication. The buy date reflects when the editor recommended the investment in the listed publication, and the return shows its performance since that date. To learn if a security is still a recommended buy today, you must be a subscriber to that publication and refer to the most recent portfolio.