Dr. Sjuggerud’s “Guaranteed” 20% on Your Investments...... Page 5

EXECUTIVE COMMITTEE JAMES BOXLEY COOKE Honorary Chairman Baltimore, Maryland JULIA GUTH Executive Director GREAT PROFITS IN THE COMPANY OF GOOD FRIENDS ALEXANDER GREEN Club News Edition Investment Director SEPTEMBER 15, 2005, VOLUME 18, NO. 15 MICHAEL WARD Editorial Director RUTH LYONS Member Recruitment Director KRISTIN KEENEY & Why We’re Buying the STEVEN KING Co-Directors, World Financial Meetings & Seminars KATE MURPHY “Stock of the Decade” Member Services Manager STEVE MCDONALD Director, VIP Services by Louis Bass, Investment Advisory Panelist

INVESTMENT ADVISORY PANELISTS If you think $3-a-gallon gas is a shock, brace yourself… it could MARY ANNE ADEN very well hit $4 in the coming months. PAMELA ADEN DEAN ALBRECHT Yet gas is not the only thing on the rise… LOUIS BASS HORACIO MÁRQUEZ ROBERT MEIER Since January of 1999, silver prices are up 40%. Gold’s rocketed KARIM RAHEMTULLA 53%. Steel prices have more than doubled. Uranium’s exploded 180%, Louis Bass INVESTMENT U and oil prices jumped a blistering 500%. Even copper (the metal once used to make the ADVISORY PANEL most worthless coin in American currency) is sitting near 16-year highs. DR. Chairman & Editor So what’s going on? D.R. BARTON Co-Chairman and Editor, We’re “in the beginning of a multiyear bull market in commodities,” says Jim Trader’s U, The Single Best Idea Rogers, legendary co-founder of the Quantum Fund with , which made DR. STEVE SJUGGERUD Investment Advisor investors 4,000% from 1970 to 1980 alone. DR. VAN K. THARP Investment Advisor The commodity bull market began in late 1998 and is likely to last at least another BRIAN YORK 10 years, says Rogers. But instead of dabbling in soybeans and pork bellies (and a Director of E-Commerce litany of other lesser known commodities), we’re going to go with a stock. In fact, it’s WEALTH PROTECTION one stock that can give us exposure to the most valuable commodities right now – and ADVISORY PANEL take advantage of the bull markets in China and , as well. And we’re going to do ROBERT BAUMAN MICHAEL CHECKAN all this with less risk than investing in any derivatives. WAYNE LELAND Here’s how… CANADIAN INVESTMENT ADVISORY PANEL BRENT AMEY Mining Profits Throughout the Globe DAVID MELNIK ERIC ROSEMAN The stock is BHP Billiton (NYSE: BHP) – the world’s largest mining company, based in Australia and Britain. With a market cap of almost $100 billion, BHP is also ALSO IN THIS ISSUE... the world’s largest commodity company. • The Six Factors that Grow The firm is a major player in oil, natural gas, nickel, iron, aluminum, copper, silver, Your Portfolio ...... 6 steel, coal, titanium and diamonds, with more than 100 operations spread across 20 • Oxford Club Portfolios...... 8 countries. • Oxfordian Property Exchange ...... 10 Put simply, BHP is a one-stop shop for commodity investing, providing diversifica- • Members’ Exchange...... 11 tion in terms of both products and geographic regions.

Over, please... P ROFIT P ICKS

With the commodity bull market under way, 100%. That’s a substantial move, by any standard. it’s not surprising the stock has been barreling But over the long term, the index has gone from ahead lately, hitting another 52-week high in 260 in 1975 to close to 430 today. That’s a recent weeks. compounded annual return of less than 2% a year. And if you factored in inflation, commodity prices But believe me: There’s plenty of profit have essentially gone nowhere for three decades. potential left in this company. In fact, shares could easily double. Here’s why… So while a 180% uptick in uranium prices, or a 500% pop in oil prices, seems outrageous, Only Supply and Demand Matter… they’re far from potential highs. When it comes to commodity investing, supply and demand are the only fundamentals that Right now, demand is soaring and supplies are matter. When demand is high and supply is low, dwindling. And commodity prices in real terms only one thing can happen: prices soar. (inflation-adjusted) have barely increased.

Oil may be the best example of this incontro- This is good news for investors in BHP. Further vertible principle. Just consider that it took us 125 price increase will only boost the company’s already years to consume the first trillion barrels of oil. robust financials. And BHP reported record setting Now it’s estimated we’ll use the next trillion in earnings this year. Available cash jumped 116% to only 30 years. $3.5 billion. Production volumes hit record levels for six major commodities. And net profits were up But while demand is soaring, many of the a staggering 127%, compared to the prior period. world’s oil and gas fields are maturing and even drying up. And extraction of mature fields is more Basic dues for membership in The Oxford Club are $149 a year. Membership costly. Worsening the scenario is the fact that new includes the Communiqué (USPS 008-575), which is published twice monthly on the first and third weeks of each month by The Oxford Club, LLC, 105 W. discoveries aren’t keeping up with the depletion or Monument Street, Baltimore, MD 21201. Non-U.S. dues are higher and vary from country to country. Periodicals’ Postage Paid at Baltimore, MD and increasing demand. additional mailing offices. POSTMASTER: Send address changes to The Oxford Club Communiqué, 105 W. Monument Street, Baltimore, MD 21201. For questions regarding the status of your membership call Member Account The data is pretty overwhelming… we’re in Services at 410.223.2643 or fax to 410.223.2650. Our website is: www.oxfordclub.com. Please send any investment questions or suggestions in store for higher oil prices for years to come. writing to The Oxford Club Research Department, 105 W. Monument Street, Baltimore, MD 21201, USA. Publisher Julia Guth Meanwhile, this situation isn’t limited to oil. Investment Director Alexander Green Editorial Director Michael Ward The same story holds true for uranium, copper Managing Editor Alex Williams Copyeditor Jennifer Shayne and gold, to name a few. Member Services Mgr. Kate Murphy Research Associate Chris Matthai Graphic Designer Kathy Osborne Remember that everything from the home you Associate Designer J Villanueva live in, to the computer you work on, to what’s Advertising Director Wayne Ellis Director of E-Commerce Brian York sitting on your lunch plate are all products that begin as commodities. And with global GDP PRIVACY NOTICE The Oxford Club, LLC, provides its members with unique opportunities to build and growth expected to top 3% this year, the demand protect wealth, globally, under all market conditions. The executive staff, research department and editors who contribute to the Club’s recommendations are proud of the for commodities is expected to rise even higher – reputation The Oxford Club has built since its inception in 1984. We believe the advice presented to its members in our published resources and at our meetings and seminars along with prices. is the best and most useful available to global investors today. The recommendations and analysis presented to members is for the exclusive use of members. Copying or disseminating any of the information published by The Oxford Club, electronic or otherwise, is strictly prohibited. Members should be aware that investment markets But Can Prices Really Go Higher? have inherent risks and there can be no guarantee of future profits. Likewise, past performance does not secure future results. Recommendations are subject to change at any time, and so members are encouraged to check our website www.oxfordclub.com So is it too late to capitalize on the commodity regularly and pay special attention to the “Oxford Portfolio Review” section of the boom? Absolutely not. Communiqué to get the most value from our investment analysis. © 2005, The Oxford Club, LLC Commodity prices have been too cheap for too 105 W. Monument Street, Baltimore, MD 21201 long. And now the “catch-up” phase in this bull The Oxford Club expressly forbids its writers from having a financial interest in any security recommended to its readers. And all Oxford Club employees and agents must market is here. wait 24 hours after an Internet publication prior to following an initial recommendation, and 72 hours after publication is mailed and is only in writing. The Oxford Club does not act as a personalized investment advisor. Investments recommended in this newsletter Over the past three years, the Goldman Sachs should be made only after consulting with your investment advisor and only after Commodity Index (GSCI) has risen more than reviewing the prospectus or financial statements of the company.

2 P ROFIT P ICKS

Although these results are nothing shy of least 10 other major projects in the works. spectacular, much of the same may be in store in quarters ahead. Size Matters… In Resources And in the resources industry, size confers Capitalizing on Two Raging Bulls: major advantages. In particular, it gives BHP a India and China diversified income stream, easy access to interna- China and India have an incredible thirst for tional capital markets, bargaining power with oil, natural gas, coal, iron, steel and other suppliers, and enormous economies of scale. commodity-based products. And even though BHP has walloped the S&P For BHP it doesn’t get much better. Its outposts 500 for the past five years – gaining an average of are strategically located to serve these developing 26.3% per year while the S&P lost 1.4% annually regions of the world better than any other – the company remains the perfect vehicle for par- company. In fact, sales in China topped $3 billion ticipating in the surging bull market for raw last year – a five-fold increase from just over three materials for years to come. years ago. In fact, with the commodity bull market in full As the world’s major supplier to these two swing, BHP’s unparalleled diversification, record giants, expect BHP to keep reaping the benefits. setting earnings, and dividend that’s increased 59% in the last year, make it an important Add to this Billiton’s unparalleled portfolio of resource investment to own. long-life, low-cost assets in diverse geographic locations. The company has at least 100 operations Action to Take: Buy BHP Billiton (NYSE: BHP) on every continent except Antarctica. at market, and use a 25% trailing stop to protect your profits and your principle. I For instance, BHP is extracting diamonds from the Canadian arctic, copper from Chile and Peru, Investment Advisory Panelist Louis Bass is the editor of and iron ore and coal from Australia and South the TakeOver Trader. He’s spent years with one of the Africa. BHP is smelting aluminum in Mozambique, country’s leading investment and brokerage firms as a operating offshore oil rigs in the Gulf of Mexico top analyst and trading expert, specializing in corporate and the U.K., and co-developing a $10 billion takeovers and IPOs that lead to large profit natural gas plant in Australia. And there are at opportunities for investors. TIPS & TIDBITS Demise of the Our New Connection at a Dollar Ranked #1 Leading Coin Firm Our good friend Addison Wiggin’s new We’re pleased to announce that Paul Montgomery, former book, The Demise of the Dollar… And CEO and President of Jefferson Coin, has recently Why It’s Great for Your Investments,is accepted an executive role with Universal Coin and scoring big with readers. It recently landed on The Bullion, considered one of the nation’s leading numismatic Journal’s bestseller list and beat Harry investment firms. Potter as the #1 ranked book on Amazon.com. Demise takes a hard look at the state of the That’s a good thing for Club members, as Paul has been a greenback and offers recommendations on how you friend to The Oxford Club for well over a decade, said can take advantage of the worldwide economic Julia Guth, Executive Director of The Oxford Club. “He is a pressures put on the dollar. “The result is an valued advisor, and we look forward to our continued exceptional book that can help anyone who is serious relationship with him in his new endeavor,” Julia said. For about building wealth continue to prosper,” says Bill more on Universal Coin, visit www.universalcoin.com. Bonner. Amazon.com is offering a 40% discount.

3 Talk of the CLUB ... How Sky-High Housing and Oil Prices Can Work for You

Skyrocketing housing and oil prices are two things we sides. Oil is an important asset, but it’s also got a pay close attention to here at The Club. GoldRadio FM, very self-limiting provision. The higher the price of oil, one of the leading sources for market commentary on the bigger the impact it has on an economy, in terms the airwaves, caught up with our own Karim Rahemtulla of cost to do business. And at some point, oil hits a just before the Agora Wealth Symposium in Vancouver level where it’s actually prohibitive to use it as last month to talk about these topics in detail. Here are frequently as people do. People will start cutting back a few choice highlights... on trips… companies will start reporting higher materials costs, and so, it is limiting. ON HOUSING… The housing market, as far as I’m concerned, is But if you look at the inflation of just the price of oil completely irrational right now. I’m living in one of right now, it’s well within the right price range. I travel these bubble areas where every day, the house next to to Europe and the rest of the world quite often, and me is either torn down, or the one next to it has gone when you’re paying US$6 a gallon in London, and up in price by 15% over a month. And it’s pretty you’re still only paying $2.25 in the U.S., there’s a lot absurd, because when you look at the median income in the U.S., it’s growing at a rate of about 3% over the of room there. last 10 years… and in some places actually shrinking. However… I think this is good in a way, because it Obviously, income isn’t catching up with the price of allows us to get used to a more realistic price for oil. housing, and you’re going to shut a lot of people out. And it also provides us with ample opportunity to make money from the volatility in oil, both on the I think there is a bubble in housing, but it’s a perfect upside and the downside. opportunity to buy a put LEAP on the housing sector, through one of the housing stocks. And we’re The markets in oil and also in housing are extremely protecting ourselves from the downside, in case volatile, and when you have a volatile market you housing does crash. create the perfect environment for options.

ON OIL… [For the complete audio file of the interview, log onto And we can do the same for oil. We can play it both w w w.howestreet.com and follow the link.] I

China’s Growth Means Money in Your Pocket – If You Know How to Play It China’s GDP continues to grow at about 9% a year Sovereign Society, the trip’s itinerary includes – roughly twice that of the U.S. It’s literally creating excursions to Beijing, Shanghai and Hangzhou billions of dollars in new wealth – and new investing (where 70% of the country’s manufacturing takes opportunities every day. But how best to take place), to explore firsthand the burgeoning financial advantage of it? opportunities in China. The Oxford Club’s global markets expert, Horacio Also planned are a private tour of the Hangzhou Márquez, joins more than 20 international investing Opera, as well as trips to the Great Wall and Tian- experts for a two-day offshore protection and anmen Square. The trip is limited to 50 participants. investment seminar, as part of a Far East Financial For more information, call Karoline Alcott at AESU Expedition to China and November 8-20. Travel, at 800.638.7640 or +1.410.366.5494 ext. 116, Presented by our affiliate organization, the or e-mail [email protected]. I

4 V ALUE I NVESTING A “Guaranteed” 20% On Every Nickel You Invest?

by Dr. Steve Sjuggerud, Investment Advisory Panelist

Here’s a guaranteed investment scheme... Last year, a nickel cost almost 5 cents to produce. And this year, a nickel will You and I buy up all the nickels we can get our likely cost the government 6 cents to hands on. Since the underlying metal in a nickel produce. today is worth about 6 cents, we lock ourselves in at a guaranteed 20% profit by selling short the The reality is, our paper dollars coin’s metal in the financial markets. Then all we become more and more worthless every need to do is melt down the nickels... day. Dr. Steve Sjuggerud Okay, so it’s not so easy. And there’s probably Based on the government’s own some sort of law against this. But the reality is, at inflation statistics (the CPI), the dollar has already current metals prices, it costs the U.S. government lost 80% of its purchasing power just since 1970. about six cents to produce a nickel... Said another way, what cost $2 in 1970 now costs $10. Leave it to the U.S. government to LOSE money by PRINTING money... They say “a nickel ain’t worth a dime anymore,” and it’s true. A nickel back in 1970 is In fiscal year 2003 (ending in September), it actually worth 25 cents today. cost the U.S. government 3.78 cents to produce a nickel. In fiscal year 2004, it cost the government The more I look for “no-brainer” assets, the 4.56 cents to produce a nickel. more I’m drawn to metals and commodity plays, including gold. And so far this fiscal year (from October 1, 2004 to present), the price of copper (which is the While every other asset out there (stocks, most prevalent metal in a nickel) is well above its bonds and real estate) has appreciated dramatically fiscal year 2004 levels, meaning that it’ll likely cost over the past 25 years, commodities, and gold in particular, have gotten cheaper and cheaper. the government about 6 cents to produce a nickel. Adjusted for inflation, gold is unbelievably cheap. The penny is in the same boat as the nickel. Commodity plays, even though they have risen, So What’s the Right Thing to Do? are still worth owning. Still, I wouldn’t recommend the “fail-safe” At the very least, I feel that you must own some scheme above… Commandeering a fleet of trucks commodities and gold plays simply to hedge your to collect nickels and melt them for their metal risk of the hidden loss in value every year of owning content seems pretty extreme, and will probably paper assets. Oh, and you might want to hold onto run afoul of government laws somewhere along the those nickels, too. I way. The right thing to do is simply to have less Dr. Steve Sjuggerud is the former investment director paper and more metal in your assets. of The Oxford Club, and an investment advisory panelist for Investment U. He’s also the co-author of The government can debase money. But it can’t bestselling books including Safe Strategies for mess with your metal. Two years ago, a nickel cost Financial Freedom (McGraw-Hill) and the Investment less than 4 cents to produce. U Course.

5 W EALTH B UILDING How to Keep “The Single Greatest Achievement In History” From Wrecking Your Portfolio

by Alexander Green, Investment Director

Two weeks ago in the Communiqué, to Jonathan Clements of , I wrote about what economist Julian “last year’s 1.3% savings rate was the lowest since Simon calls “the greatest single 1934 and well below the 8% to 10% of disposable achievement in history” – the near income that was typically saved in the 1960s, doubling of human life expectancy. 1970s, and 1980s.” Back in 1900 life expectancy in the How do you save more? Maximize your United States was just 41 years. Today it income, live beneath your means, and religiously Alex Green is 77. save the difference. This is no small feat. (As Errol Flynn said, “My problem is reconciling my net There are a number of factors responsible for income with my gross habits.”) For most folks in this development, of course. Better nutrition, our upwardly mobile society, living beneath their widespread inoculation against disease, higher means provides a major challenge. But trust me, a quality health care, and the advent of labor-saving comfortable retirement without sufficient income technologies, to name just a few. is a bigger one. But from a financial perspective, there’s a 2. The length of time you let it compound. downside to this newfound longevity. Invest $500 a month at the age of 30, let it In a world of disappearing company pensions, compound at 12% annually until you turn 65 and skimpy bond yields, and rich stock valuations, it grows into more than $3.2 million. Start doing your portfolio now has to last longer than ever. the same thing at 50 and you wind up with less Even if you receive a pension or social security – than $250,000. In other words, when it comes to and both of these could be threatened in the long saving, sooner trumps later every time. term – you may still need personal income from 3. Your asset allocation. This refers to how your portfolio to supplement your lifestyle, pay for you divide your investment portfolio into broad ever-increasing healthcare costs (including rising asset classes like stocks, bonds, real estate, cash premiums), and perhaps eventually provide for and precious metals. By spreading your full-time care or a nursing home. In short, you investments among non-correlated assets like don’t want your retirement assets to kick the these, you can maintain higher returns while bucket before you do. taking less risk – the Holy Grail of investing. You Fortunately, there are concrete steps you can can find more information on this important topic take now to assure your retirement assets are on our website at www.oxfordclub.com. And our around for the long haul. Oxford Asset Allocation Model is published in the Communiqué each month. When I speak at seminars and chapter meetings I often mention that there are six – and 4. Your portfolio’s annual investment returns. This is where members count on us most. only six – factors that will determine the future If you’ve been acting on our recommendations, value of your investment portfolio. Here they are: you should be beating the market by a comfortable 1. The amount of money you save. According margin. And we’re not relying solely on superior

6 W EALTH B UILDING research and stock selection. We’re also keeping trusts – in your qualified retirement plan. your risk low by sticking to high-quality securities, diversifying broadly, and running trailing stops These are the six factors that will ultimately behind to protect your principal and your profits. determine the value of your investment portfolio. Yes, they’re simple. But they’re also fundamental. 5. The amount of expenses you absorb. It’s If you save as much as you can, start as soon as important that you keep your investment costs to possible, asset allocate your portfolio properly, and the absolute minimum. That means avoiding high commissions, front- and back-end loads, expensive minimize taxes and expenses, most of the heavy insurance products, and other Wall Street booby lifting is done. traps. Remember, the goal is for you to become And that means you can relax and enjoy your independently wealthy, not your broker. retirement, rather than sounding like poet e.e. 6. The amount of taxes you pay. Don’t cummings, who once remarked, “I’m living so far discount the long-term effect of the taxman beyond my income... we may almost be said to be knocking on your door each year. The Oxford Club living apart.” I suggests you tax-manage your investments as much as possible. Fully fund your IRA or 401(k). Hold your investments 12 months or longer when ? DID YOU KNOW? possible to qualify for the lower long-term capital The Oxford Club’s Communiqué is available online, gains rate. (Or do your short-term trading in a and is e-mailed to members approximately one retirement account.) At year-end, offset realized week before the print edition arrives. If you’re not gains with realized losses if you have them. And receiving the electronic version of the keep high-yielding assets that would be taxed at a Communiqué, e-mail [email protected]. higher rate – like bonds and real estate investment

12 Of The Brightest Investment Minds Crack The Code – And We Recorded It All…

WE HAND-PICKED THE TOP INVESTMENT EXPERTS from around the country and asked them to crack the code for extracting double- and triple-digit profits out of any market.

They delivered their solutions to our annual Investment University Conference so our members and guests would be in position to share the wealth. What they delivered is the key for taking double- and triple-digit profits this year with the consistency of an ATM.

If you missed this year’s 7th Annual Investment U Conference in Delray Beach, Florida earlier this year – or even if you were there, but aren’t 100% sure that you walked out with all the best strategies or recommendations – I’m pleased to offer you a complete set of the DVD/CD recordings of conference highlights, plus all the materials and handouts that went along with these highlights. It’s like you were at the conference scooping up all the tips and recommendations – but taking less of your time, costing less money and keeping you closer to home.

In less than a half-day, you can gather succinct and easy-to-understand investment insights, apply them to your unique situation – and then take action. It is simply the best use of your time and money this year.

To order, call Member Services at 800.992.0205 or 410.223.2643. Provisional and Premiere members pay just $149 plus S&H, Lifetime Members pay just $129 plus S&H and Chairman’s Circle Members pay a $10 processing fee. PLEASE ASK FOR CODE: P3I5F901.

7 THE OXFORD INVESTMENT PORTFOLIO

OXFORD TRADING PORTFOLIO Company Symbol Rec. Date Rec. Price Curr. Price Rating Trailing Stop ABB Ltd. NYSE: ABB Jul-04 $5.41 $7.15 Hold $5.49 Alexander & Baldwin NASDAQ: ALEX Dec-02 $23.54 $49.04 Buy $40.53 AngloGold NYSE: AU Jan-05 $36.50 $35.62 Buy $24.86 Applebee’s International NASDAQ: APPB Mar-03 $17.10 $24.05 Hold $21.68 BHP Billiton NYSE: BHP Oct-02 $10.15 $31.53 Buy $24.38 Boston Properties NYSE: BXP Dec-00 $41.44 $70.72 Buy $57.19 CB Richard Ellis NYSE: CBG Aug-05 $42.61 $46.35 Buy $36.64 Celgene Corp. NASDAQ: CELG Dec-03 $22.79 $47.50 Buy $36.60 Chesapeake Energy NYSE: CHK Nov-03 $11.53 $27.42 Buy $21.43 Cummins, Inc. NYSE: CMI Oct-04 $72.45 $84.16 Buy $64.58 DaVita NYSE: DVA May-04 $33.74 $46.17 Buy $35.84 Dentsply NASDAQ: XRAY Jan-02 $33.53 $52.28 Buy $43.40 Florida Rock NYSE: FRK Nov-04 $33.66 $52.11 Buy $42.17 HSBC Holdings NYSE: HBC Dec-02 $56.40 $80.83 Buy $65.87 Huaneng Power NYSE: HNP Jul-04 $35.10 $28.95 Buy $26.85 Int’l Securities Exchange NYSE: ISE May-05 $22.00 $21.45 Hold $21.08 Intuitive Surgical NASDAQ: ISRG Sep-04 $24.57 $77.87 Buy $55.98 Kinder Morgan Energy Part. NYSE: KMP Apr-02 $33.10 $50.90 Buy $40.64 Lockheed Martin NYSE: LMT Jul-04 $51.97 $63.05 Buy $49.05 Millipore NYSE: MIL Sep-05 $60.63 $60.73 Buy $45.54 MSCI Japan Index Fund AMEX: EWJ July-03 $7.25 $11.14 Buy $8.42 Newmont Mining NYSE: NEM Sept-02 $27.08 $40.00 Buy $32.33** Novartis NYSE: NVS Mar-04 $44.15 $48.31 Buy $37.85 PetroChina NYSE: PTR Jun-05 $64.11 $81.70 Buy $70.88 Psychiatric Solutions NASDAQ: PSYS Mar-05 $39.82 $47.79 Buy $36.75 Quiksilver NYSE: ZQK Dec-04 $14.85 $15.26 Buy $12.84 Rayonier NYSE: RYN May-04 $40.30 $53.83 Buy $42.93 Raytheon NYSE: RTN Jun-04 $33.36 $39.45 Buy $30.89 Royal Bank of Canada NYSE: RY Aug-04 $45.23 $63.43 Buy $48.78 Tektronix NYSE: TEK Jul-05 $22.96 $24.84 Buy $18.89 3Com Corp. NASDAQ: COMS Jul-05 $3.64 $3.35 Buy $2.84 Tidewater NYSE: TDW Sep-04 $28.43 $39.76 Buy $32.01 Wal-Mart de Mexico OTC: WMMVF Oct-01 $1.80 $4.62 Buy $3.15** YUM! Brands NYSE: YUM Sep-04 $40.29 $50.37 Buy $39.99

OXFORD INCOME PORTFOLIO Company Symbol Rec. Date Rec. Price Curr. Price Rating Trailing Stop Aberdeen Asia Pacific AMEX: FAX Sep-00 $4.12 $6.34 Buy No TS. CY+ 7.17% Debt Strategies Fund NYSE: DSU Jan-01 $6.32 $6.84 Buy No TS. CY 10.18% Inflation-Indexed Treas. abbreviated TIPS Apr-00 $100.00 $135.85 Buy No TS. CY 1.99% ING Clarion Global AMEX: IGR May-05 $14.67 $15.07 Buy No TS. CY 8.51% Real Estate Income Fund Vanguard High-Yield NASDAQ: VWEHX Jan-03 $5.96 $6.27 Buy No TS. CY 6.55%

+ = Current Yield | * = 15% TS | ** = 35% TS | Prices as of 8/23/05 | Note: For the absolute latest updates on all of the Club’s portfolios – including the Trading, Income, All-Star, Anti-Terror and Gone Fishin’ – visit our website at www.oxfordclub.com. All portfolios printed in the Mid issue. THE OXFORDNEED INVESTMENT HEADING PORTFOLIO

OXFORD ALL-STAR PORTFOLIO Company Symbol Rec. Date Rec. Price Curr. Price Rating Trailing Stop Berkshire Hathaway B Shares NYSE: BRKB Jan-01 $2295.00 $2,820.00 Buy No TS*

Equity Office Properties NYSE: EOP Jun-01 $31.35 $32.69 Buy No TS. CY** 6.12% Equity Residential Properties NYSE: EQR Jun-01 $28.05 $37.01 Buy No TS. CY 4.68% Managers Fremont Bond Fd. MBDFX Jun-02 $10.22 $10.51 Buy. No TS. CY 2.69% Legg Mason Value Trust LMVTX Feb-05 $62.19 $64.66 Buy No TS. Templeton Emerg. Mkts. Fd. NYSE: EMF Jan-02 $8.80 $19.07 Buy No TS. CY 1.29% Templeton Dragon Fund NYSE: TDF May-02 $9.20 $18.93 Buy. No TS. CY 3.48%

OXFORD ANTI-TERROR PORTFOLIO Company Symbol Rec. Date Rec. Price Curr. Price Rating Trailing Stop BHP Billiton NYSE: BHP Feb-03 $10.74 $31.53 Buy $24.38 Equity Residential Properties NYSE: EQR Feb-03 $23.38 $37.01 Buy $30.44 Inflation-Protected Treas. TIPS Feb-03 $129.75 $135.85 Buy No TS ING Global Real Estate Inc. Fd. AMEX: IGR May-05 $14.67 $15.07 Buy No TS L-3 Communications NYSE: LLL Feb-03 $38.85 $81.00 Buy $60.75 Nestle OTC: NSRGY.PK Feb-03 $50.00 $68.60 Buy $54.15 Newmont Mining NYSE: NEM Feb-03 $27.73 $40.00 Buy $32.34 Utilities Select SPDR Fund AMEX: XLU Feb-03 $17.45 $32.11 Buy $24.51

GONE FISHIN’ PORTFOLIO Company Symbol Rec. Date Rec. Price Curr. Price Rating Trailing Stop Amer. Century Glob. Gold BGEIX Apr-03 $7.59 $11.61 Buy No TS Vanguard Total Stock Mkt.Index VTSMX Apr-03 $19.69 $29.32 Buy No TS Vanguard Small Cap Index NAESX Apr-03 $15.12 $27.91 Buy No TS Vanguard Europ. Stock Index VEURX Apr-03 $15.01 $27.40 Buy No TS Vanguard Pacific Stock Index VPACX Apr-03 $5.66 $9.86 Buy No TS Vanguard Emerg. Mkt. Index VEIEX Apr-03 $7.34 $16.81 Buy No TS Vanguard Short Term Corp. VFSTX Apr-03 $10.80 $10.55 Buy No TS Vanguard High Yield Corp. Fund VWEHX Apr-03 $6.01 $6.27 Buy No TS Vanguard Inflation-Protected VIPSX Apr-03 $12.02 $12.39 Buy No TS Securities Fund Vanguard REIT Index VGSIX Apr-03 $11.92 $19.73 Buy No TS

+ = Current Yield | * = 15% TS | ** = 35% TS | Prices as of 8/23/05 | Note: For the absolute latest updates on all of the Club's portfolios – including the Trading, Income, All-Star, Anti-Terror, Gone Fishin’ and Fortress portfolios – visit our website at www.oxfordclub.com.

9 Go to www.oxfordclub.com for additional pictures and information. THE LITTLE WHITE HOUSE, DELRAY BEACH, FL Set across the street from Travel Holiday’s #1 rated beach The Oxfordian Property in the South East, The Little White House is perfect for a Exchange is a place romantic getaway for two or the perfect family vacation. Built in 1929 and renovated in 1996, The Little White House boasts luxurious where fellow members bedroom suites, a gourmet kitchen, Jacuzzi, available maid and concierge. can place their upscale For information, call Ann at 561.243.4880, or fax 561.243.8694. Short-term resort properties for rent rentals are available year-round. Owned by longtime member Mark F. of around the world. And, Delray Beach, FL. when you stay at these RANCHO SANTANA, private homes and villas, PACIFIC COAST, NICARAGUA you are afforded special Just off the Pacific coast of Nicaragua, 1,700-acre discounts and amenities Rancho Santana is a tropical paradise just 50 miles befitting your status as a from the Costa Rican border. With its three distinct, soft fellow Oxfordian. sand beaches, Rancho Santana is home to the Oxford Clubhouse, with four bedrooms, a stocked kitchen and dining room, library, a pool with a If you have a luxury glorious Pacific view and a large patio and bar area. Rancho Santana also property you’d like to has horse stables, tennis courts, wireless Internet and a cell phone tower. include in our program, To make a rental reservation or learn more about owning your own home or questions, contact here, call 877.6164 ~ country code 505. Several Chairman’s Circle our Property Exchange Members have built houses in this area. Manager Melissa VILLA DAFFODIL, ST. MAARTEN, Ordanza at 800.992.0205 DUTCH VIRGIN ISLANDS (fax 410.223.2650), or Considered by many to be St. Maarten’s finest villa, 3-5 [email protected]. bedroom Villa Daffodil is just 10 minutes from the airport and available year-round. Private and secure, but elegantly appointed, the villa’s amenities include a pool, Jacuzzi, gourmet kitchen, outdoor stocked honor bar, big screen TV, Internet and cable amid dramatic sunsets and warm tropical breezes. Separate quarters house a maid and caretaker. For more information, visit www.Best- CaribbeanVilla.com. For guest testimonials or a virtual tour, e-mail: [email protected]. Owned by member Philip B. of Naples, FL. PRESIDENTIAL SUITE, LOS CABOS, MEXICO Enjoy sunshine, spectacular sunsets, romantic seclusion and an outstanding nightlife at the Pueblo Bonito Sunset Beach, a new 50-acre luxury resort in Los Cabos, overlooking the Pacific. Stay in the elegant 1730 sq.-foot Presidential Suite, which accommodates four adults and two children under 12. Enjoy tennis and champion-ship golf on courses designed by Jack Nicklaus, along with full resort amenities including a freeform pool, massage services and more. For information, contact member Mike DeWitt, of West Linn, OR, at [email protected], or call 503.657.6599, or fax 503.650.0325. PRIVATE VILLA, FRENCH RIVIERA Located on the Mediterranean coast, west of Cannes, our villa is not a rental property, but our summer home, available only during the month of August 2005 to interested Club members. The three-level villa overlooks the Bay of Agay, the Cap Dramont over St. Tropez, and Cap Camarat, and the garden borders Esterel National Park. The two separate two- bedroom houses are ideal for up to 8 people. The pool level features an outdoor kitchen, masonry barbeque dining area and a sauna. The villa is part of a protected private estate, with a guard and restricted access. For more information, e-mail [email protected]. Owned by member Denes I. of Agay, France.

10 PRIVACY, PROSPERITY & TRADITION Members’E xchange

REAL ESTATE Cape Coral, Florida. This property Exploration or to contact Member features a beautiful lake view Don Hosmer, Royale Energy, Nicaragua. The Costa Rica with access to the gulf. Contact please call (800) 447.8505 or of this Decade. Fee simple, U.S. Director’s Circle Member Martin email [email protected]. Royale title insured, ocean view property Buol at 719.346.9395. Energy, Inc. is a leading, NASDAQ at unbelievable prices. A safe, listed, independent producer of secure vehicle for triple-digit oil and natural gas. Ticker profits? The mainstream media INVESTMENT symbol: ROYL. This is not an has now picked up on this story; OPPORTUNITIES offer to sell or solicitation of an your window of opportunity will offer to buy. Offers are only made 14%* Annual Locked in soon begin to close. Experts through the private placement Profit. Insured and Bonded. agree, property in Nicaragua memorandum. could appreciate 5-10 fold in the Quoted on “60 Minutes” as “perfect no risk opportunity”. coming decade. GQ Magazine Triple Net (NNN) properties called Nicaragua the New Florida! Contact Premier Member Bob available nationwide. Single Timing is perfect and our Reese @ 800.434.8625. credit tenants with long-term developments are situated in the 20-year plus leases. Can be used best locations. Ocean view lots Start Your 2005 Tax for 1031 exchange or trusts. All starting at $45,000, coming in Planning Now... Do you have major franchises including: 2005 spectacular Casitas high income, real estate capital overlooking the heart of San Juan gains, stock market capital gains Walgreens, TGI Friday’s, del Sur. Raw land opportunities or mandatory IRA withdraws? An Advance Auto, etc. Build wealth for the long-term investor, investment with Royale Energy securely. Contact Member Tim partnership opportunities. Don’t can help you reduce your Federal Gulla at 215.453.8097 or E-mail: wait to buy land here... buy land & State income taxes for 2005. For [email protected] for here and wait! Contact Member a FREE copy of The Tax consultation to discuss needs Alex Wilson, 949.495.4142. Email: Advantages of Oil & Natural Gas analysis or list a property for sale. [email protected] www.pacificcoastparadise.com UNDERSTANDING OPTIONS: Horsefarm. Graubunden Your Best Chance at 1,385% or More . Fantastic Sure, options can be risky. But they’re also your best opportunity to swat an panorama, 2 complete furnished investment home run. And they are your best chance to recoup whatever you houses. 11-BD, BA, etc, heated may have lost in the Nasdaq meltdown or to score lottery-sized returns without swimming pool, own water having to resort to wasting your money on numbered ping-pong balls. supply, spacious barns, own And cashing in on options probably happens more often than you think. In heliport. 50 acre farm and fact, just this past spring, subscribers of The Insider Alert scored a 1,385% woodland. Contact Member Fritz return from a put option on a doomed company, Sealed Air. Neumann. Rheintaler Treuhand, That’s why The OC Research Department created Understanding Options – Elsenackerstr. 19, CH-9450 an easy-to-understand guide to options, written with the novice in mind. But Altstaetten, Tel: +41717571120. that doesn’t mean that the more experienced options traders should simply Fax: +41717571129. ignore this report. This report will put the odds of making money in options in your favor. For sale. Investors special! To place an order, please contact Member Services at 800.992.0205 or Updated 3-BD, 2.5 bath pool 410.223.2643. Oxford Club members pay $19.95 plus $2.95 S&H and Lifetime Fellowship members pay $15.95 plus S&H (P3UPF201). Chairman’s home on two oversized building Circle members call to receive your copy for just $10 (P3UPF202). sites on the Britannica Lake in

11 M EMBERS’ EXCHANGE

15%- 20% return secured by Real Estate! Purchase first Investing 1,2,3 – Become an mortgages. Earn fees at closing plus interest paid monthly. Expert by Mastering the Minimum $100,000. Qualifies for IRA’s. Contact Member David Basics and Beyond Onion 630.455.1002, x17 or [email protected] The investment world is one that thrives on insider terms and talk. Covered calls, derivatives, ALBERTA REAL ESTATE – trailing stops, selling short, closed funds, P/E 15%- 20% Annually: Cash ratios, basis points and LEAPS are just some of the flow & equity growth. Why: terms bandied about. lowest taxes in Canada, net in-migration province, jobs, 2nd You’re not alone if you’d like to learn more largest oil reserves in the world about basic investment styles and strategies. To & no rent control. Proven track help all members become masters of Wall Street record. Contact Member (and not the other way around!) the Club’s Research Team Thomas Beyer. Min $25K, has just updated The Oxford Club Guide to Navigating www.prestprop.com, 403.688.PROP. Wall Street. This comprehensive guide will take you from Breakthrough Age- making basic trades to using complex and advanced Reversing Biotechnology. services. Become an early shareholder to The guide is $29 plus $4.95 S&H ($19 plus $4.95 S&H develop anti-aging and aging for Lifetime Fellowship and $10 S&H for Chairman’s reversal biotechnology with Circle). Call Member Services at 800.992.0205 or demonstrated potential. Good 410.223.2643 – order today! Ask for code P3OWF101. intellectual property position based upon patents out of a major US university. Accredited Giannetti at 760.967.1524, securities may be made by investors only. This should not e-mail: [email protected] private memorandum only. be considered an offer to sell or Contact Member Ron Walblay, the solicitation of an offer to buy. OIL AND GAS INVEST- Owner, Blue Flame Energy Offers to sell securities may be MENTS. Be a direct owner of Corporation, 14N679 Route 25, made by private placement natural gas wells in the Big Suite C, East Dundee, IL 60118. memorandum only. Solid science: Sandy Gas Field. Developmental Phone 800-728-8303. Visit Recent breakthroughs in the drilling; infill locations. Multi- www.blueflameenergy.com or understanding of aging and well programs. Develop an you can send an e-mail to: improvements in biotechnology existing gas field. 100% one- [email protected]. have lead to cell based anti-aging to-one active write-off against technology that will transform ordinary income. Accredited society. Could this be the next investors need apply for future BUSINESS Google or Microsoft? I think so programs based on availability. OPPORTUNITIES and have personally invested in This communication should not what I believe is the opportunity be considered an offer to sell or $15,000 in weeks, not of a lifetime. We’ve passed the solicitation of an offer to buy. months, just by returning through the industrial age, are Nor shall there be any sale of phone calls. Easy to do! now exiting the information age, these securities in any juris- No selling, not MLM, strong and are now just entering the diction in which such offer, residuals, quick returns. Contact bio-technology age. Contact solicitation or sale would be Member Jessica Fergus at Chairman’s Circle Member Tom unlawful. Offers to sell 800.995.0796, ext 2792.

12 M EMBERS’ EXCHANGE

Leaders Wanted. Market for information, send E-mail to: compensated! No cost unless we unique products desired by [email protected] get results! Contact Member Jack consumers with digital photos Baugher at 509.966.0359. leads to new opportunity with NYSE traded MLM. I’m seeking PROFESSIONAL HOW TO LEGALLY PROTECT individuals desiring to lead, SERVICES YOUR ASSETS. Oxford Club Wealth Advisory Panel Member, mentor and develop other leaders. OFFSHORE SERVICES by International Attorney, past Contact 10+ member and retired licensed Practitioner * Adjunct-Professor of Law, former attorney Marty Lehman at Formation & Administration of judge, retired trial litigator, and 888.564.9050. IBCs * Establishment of Trust & author, David Tanzer. Book and Trustee Services * Mail Forwarding Video shows how to protect your Services * Buyers Agent Real FOR YOUR assets using stateside and Estate * Formation of Local offshore planning techniques. INFORMATION Corporation and BEST RETIREE www.DavidTanzer.com or INVESTOR PROGRAM Contact: Penny Stock secrets 800.220.6777 to order. revealed. Free comprehensive International Services Ltd., and educational book on Micro- P. O. Box 2284, 16 Albert Hoy We buy unwanted life Cap stock investing for novice and Ave., Belama Ph. 1, Belize City, insurance policies. Contact experienced investors. Contact Belize * Tel: 011. 501.223.2077 * Director’s Circle Member Ron Member Martin Engelman. Tel: USA Tel: 1.954.323.8314 * Peck @ 415-336-2355. 877.216.6598. Fax: 011.501.223.5313 * Email: mailto:[email protected] * Web: Earn 50% yearly. A www.belizeoffshoreinvestors.com FOR SALE phenomenal & easy course. If you don’t earn 50% per year, Disputes? Owed money? Houstonian Club we refund 100% of course - no Been taken advantage on Membership for Sale. The questions asked. Contact Member investment or business most prestigious health club in Edward Maltass. For more deals? Take action, be Houston – where business and society leaders meet. Resident members enjoy the highest levels ARE YOU A He who walks in integrity walks SECURELY” (PROV.10:9) of service and amenities. Regular price is $20,000. Now offered at HIGH-NET-WORTH INVESTOR? $15,000. Ask about $10,000 rebate. Do your investments have the advantages of E-mail Sarah Whitton for more THE SWISS / LIECHTENSTEIN STRATEGY PORTFOLIO? info: [email protected] “The Triple Crown of Personal Finance” • 100% Tax-deferred? • 100% Estate Planning / Inheritance Protection? Rare Coin Collection. Must be • 100% Asset Protection? • 100% Expertise of Swiss Fund Management? seen to be appreciated. Contact • 100% Investor’s Insurance Protection? • Inflation Protection: Gold-backed Swiss Francs? Member Len Horton by fax, 1-705- SOVEREIGNTY INTERNATIONAL is both a…. 356-3295 or by phone at 1-705- Personal Wealth-Enhancing & Freedom Service offering a menu 356-9938. Best offer takes it all. of sophisticated Swiss, Liechtenstein & other national remedies Pre-Consultation (face-to-face): accessing your needs & GOALS FUNDING AVAILABLE • Global Financial Freedom • Global Estate Planning / Inheritance Freedom CALL TODAY: Excellent funding solutions • Global Personal Freedom (2nd Passports / Citizenship) MEMBER JACK WINDISCH for profitable companies Overseas Travel Itinerary & Consultants: planned in detail 706-781-2581 worldwide. Real Estate, mergers Int’l Intermediary: escorts you abroad as this business requires Monday-Friday 9-6 EST and acquisitions. Start-ups with Personal Introductions & Consultations: privacy & integrity International Financial New VISA Int’l Debit Card: Card-to-Card Global Transfers breakthrough technology. Intermediary/Consultant (Note: Exceptional global entrepreneurial opportunity – Inquire! Minimum US$10 million. Contact IRA Portfolio: deposited in Swiss Private Bank & managed

13 M EMBERS’ EXCHANGE

INVEST IN LUXURY US RENTALS HEALTH SERVICES Prevent Heart Attack/Stroke TWO PRIME TEXAS LOCATIONS Happening To YOU. Nutritional DESIGNED FOR CONVENTION TO RESORT OR CONDOMINIUMS arterial cleansing formula opens Houston & Galveston your arteries. No bi-pass surgery or angioplasty. Reverse diabetic Muti-Family: America’s Favorite Real Estate Investment gangrene and retinopathy. Contact Member Ira Marxe at 888.824.3745, • SAVE TAXES • BENEFIT FROM U.S. DOLLAR DEVALUATION E-mail: [email protected] or • HOT HOUSING MARKET • BY RENOWNED HIGH QUALITY BUILDER www.aalex.biz • SAFE INVESTMENT • WATER VIEWS FROM MOST UNITS IN GALVESTON • NEW-2004 & 2005 COMPLETION • LAVISH CLUBHOUSE WITH ALL AMENITITES • GALVENSTON PROJECT FOR ELEVATORS • RESORT POOL AREA, WATER FALLS AND FEATURES Revolutionary Nanotechnology. Software for the body. The Lifewave The Club at Copperleaf 240 units on 12 acres (Green Belt with golf, volleyball, Energy Patch. Increase your energy playground, fitness center, game room, big screen TV) and stamina by over 40%. For a The Club of the Isle 264 units on 15 acres (Green Belt, hundreds of palm trees, 5 min overview call 800.584.4952. 7 putting greens, separate children’s playground, etc.) Website www.lifewave.com/xlonnie CONTACT: Chairman Circle Member Roger Van Santen by Email: [email protected] Contact Member Lionel Thomas fax +31252413373 at 301.856.2850 or E-mail: [email protected]. Distributors Member Raymond J. Brown at Ray $200,000 to $200 million. needed. Brown and Associates. Director’s Contact Member David Onion, Circle Member and Member of 630.455.1002, ext.17 or GOT GOJI? Dr. Earl Mindell the International Society of [email protected] brings the secret of long life and Financers. Tel: 225.294.2206, good health to the western world. Fax: 225.294.2533, E-mail: First time ever in this form! Inter- [email protected] FUNDING NEEDED national expansion and unique Website: www.raybrownassoc.com Funding required for chain of product. Web presence and Canadian Natural Health Immediate/Unlimited Business exclusive marketing rights. Contact clinics focused on the Loans. Commercial “Offshore” Member Marvin Saunders at Naturopathic treatment and private capital available for all legal, 866.205.9917 pin# 5274 or go to prevention of chronic viable projects. $500K minimum; no www.vmjventures.freelife.com maximum – worldwide. Brokers and degenerative diseases; Cancer, Heart Disease, Diabetes, other Deal-Makers are invited, with TRAVEL OPPORTUNITIES fees protected. Contact Member D.J. Arthritis. The plan calls for Callender at 301.494.3800 or funding the expansion of the Delray Beach, FL. Quaint existing business. Contact Member 410.414.8060 (Fax). E-mail: djc@usa- oceanfront house. 3-BD, 2-BA cma.com or visit www.usa-cma.com Dr. Richard Dodd; 416.328.1557 or recently restored 1929 home located [email protected] in historic Delray Beach. Exquisitely Commercial venture and furnished. Hot tub and breathtaking Timing is everything! Bleeding factoring capital available. views. Many delighted amenities. Edge Green Investment Group is $50,000 and up. Contact Member Seasonal rates: US$2,700/wk. For seeking $30M commitment from Ray Oukrop at 512.349.9895 or more information contact Ann at serious like minded investor/ email: [email protected] 561.243.0630. partner. Worldwide markets are ripe Corporate asset based lending for this better mousetrap. Potential PLACE YOUR AD OR and accounts receivable from this new wind turbine design LISTING HERE! financing available. Fund early appears unlimited. Contact Contact Melissa Ordanza at stage business, corporate growth, investment leader Dr. Finley for [email protected] business turnaround. From further details at 503.620.2538.

14 CCalendaralendar ooff EEventsvents

Don’t miss your chance to attend The Agora Financial Options Seminar scheduled for OCTOBER October 10-11, 2005, at the Hyatt Regency in Chicago, Illinois. Some of the greatest options THE AGORA FINANCIAL gurus in the world will be attending, including Mt. Vernon Options Club expert Karim OPTIONS CONFERENCE Rahemtulla, Resource Trader Alert’s Kevin Kerr, E.S.P. Profit System’s Dean Albrecht, OCTOBER 10-11 CHICAGO, ILLINOIS Outstanding Investment’s Justice Litle, Commodity Trend Alert’s Eric Roseman and other noted options traders such as Chris Mayer, Steve Sarnoff, Lee Lowell, Lou Bass and Bob Meier. In one immersion-learning seminar, you’ll learn how to use options to supercharge your portfolio responsibly – from nine of the nation’s top traders. As an added bonus, you will be able to experience the frenzy of “the pit” when we spend 1 1/2 hours on the trading floor of the Chicago Board Options Exchange. For more information, please call Event Organizer Vickie Beard at 888.799.0463 or 410.454.0463.

OCTOBER- If you want a complete immersion in the art of smart investing (along with a great networking opportunity), I encourage you to check out The New Orleans Investment NOVEMBER Conference 2005, scheduled for October 30-November 3, 2005 at the Marriott Hotel in THE NEW ORLEANS beautiful downtown New Orleans... only blocks from the French Quarter. The event’s going INVESTMENT CONFERENCE to feature an entire day of Oxford Club, Stansberry Research and Agora Financial speakers... OCTOBER 30-NOVEMBER 3 including top speakers like Alexander Green, Porter Stansberry, Karim Rahemtulla, NEW ORLEANS, LA Eric Fry, Steve McDonald, Oxford Club Founder Bill Bonner and Dr. Steve Sjuggerud. Other fantastic headliners such as Jim Rogers, Marc Faber, Steve Forbes, and P.J. O’Rourke will also be on hand. For information, contact Kristin Keeney at 410.223.2658, or 800.992.0205 (e-mail: [email protected]).

JANUARY Sayonara… Adios… Auf Wiedersehen… Arrivederci… Au revoir… No matter how you say it – the smart money is moving offshore… And now you can reap the rewards of the 6th ANNUAL OFFSHORE greatest economic explosion in offshore history… The Oxford Club, The Sovereign Society and OPPORTUNITY CONF. JANUARY 7-12 International Living invite you to join a select group of savvy investors at the 6th Annual CANCUN, MEXICO Offshore Opportunities Conference in beautiful Cancun, Mexico January 7-12, 2006. Join global market experts Alexander Green, Karim Rahemtulla, Steve McDonald, D.R. Barton, Lou Bass, Horacio Márquez, Robert Bauman, Eric Roseman and many, many more as they explore the many incredible wealth-creating investment opportunities. Take advantage of this exclusive opportunity to cash in on the offshore economy’s burgeoning bonanza of high-yield land deals… triple (quadruple – and more!) equity investment returns… and rock solid assets protection. Worldwide! Only 350 participants will be accepted. So, don’t delay, sign up today! Please contact Patricia Goltry at [email protected], or 866.381.8446 for all the details.

JANUARY I would like to extend a very special invitation to join us, along with a fabulous roster of THE INAUGURAL GOLD CRUISE top-notch experts in precious metals, commodities and natural resources, for an 11-day JANUARY 16-27 adventure that will enrich your life as well as your portfolio. Together we will cruise on the CRYSTAL SYMPHONY magnificent six-star Crystal Symphony from lush Costa Rica, through the Panama Canal, to SEE DESCRIPTION the Eastern Caribbean, where we will visit island jewels such as Antigua, St. Barts and Turks FOR LOCATIONS & Caicos. This exclusive adventure will include such speakers as The Oxford Club’s Alexander Green and Steve McDonald, The Daily Reckoning’s Addison Wiggin, Outstanding Investment’s Justice Litle... plus other top speakers such as Mary Anne and Pamela Aden, Frank Venoroso, Brien Lundin, and the renowned Marc Faber. Between ports, you will be enlightened by lively and informative seminars-at-sea that will reveal the trends, the companies, and the most effective strategies for reaping the benefits of this boom, all while enjoying the many shipboard amenities and pampering by the ship Crystal’s legendary staff. Call now to get the best cabin selections – 888.684.7245 – cabins will sell out quickly! Don’t forget to mention that you are an Oxford Club member. Your priority code is 004440. The OC Investment Team Is Coming to a Town Near You! How to Improve Your Financial Future Five-Fold

The Oxford Club is proud to bring to you our Regional Chapter Meetings, and the idea behind them is as timeless as the roots of civilization itself. You’ll find intellectual lectures on the turbulent events of the day and how they affect your wealth, as well as presentations on new strategies for investing your money, all in the spirit of OC fellowship and camaraderie.

PORTLAND • SEATTLE *FREE REGIONAL CHAPTER MEETINGS D.R. Barton 12:30PM – Registration 1:00-5:30PM – Presentations / Program Co-Chairman of Investment U and Editor and Co-Founder of Trader’s U *Cost: FREE Presenting TO REGISTER What Investors Can Learn From Space on all days is limited. Reserve your place before Traders and What Traders Are the R.S.V.P. date by phoning Member Services at Too Stubborn to Admit 800.992.0205 or 410.223.2643 *Professional attire is kindly requested for all OC events.

Locations, Dates & Speakers: SEATTLE • WASHINGTON PHILADELPHIA • PENNSYLVANIA NEW YORK • NEW YORK FREE REGIONAL CHAPTER MEETING FREE REGIONAL CHAPTER MEETING FREE REGIONAL CHAPTER MEETING September 15, 2005 October 19, 2005 October 20, 2005 Hilton Seattle Location to be Announced Location to be Announced 1301 6th Avenue | Seattle, WA 98101 R.S.V.P. by October 14, 2005 R.S.V.P. by October 14, 2005 With: D.R. Barton, Steve McDonald, Joe Gandolfo, With: Louis Bass, Maura Taylor, Don Hosmer and With: Alexander Green, Maura Taylor, David Melnik, Don Hosmer and Barry Potekin Barry Potekin Don Hosmer and Barry Potekin

UPCOMING MEETINGS: NOVEMBER 17 ~ FLORIDA | DECEMBER 8 ~ WASHINGTON D.C.

Don Hosmer, CEO, President & Director Steve McDonald, Phil Schutty, Joe Gandolfo, Ph.D. Royale Energy, Inc. Maura Taylor, Mike Dugan Joe Gandolfo, Ph.D. & Associates 7676 Hazard Center Drive • Suite 1500 P.O. Box 6989 and Kevin Long San Diego, CA 92108 Lakeland, FL 33807-6989 619.881.2800 • fax 619.881.2899 VIP Trading Services 800.553.1008 • fax 863.646.4840 [email protected] • www.royl.com The Oxford Club [email protected] 888.570.9830 • fax 410.223.2628 [email protected] Barry Potekin, VP of Public Relations [email protected] The RMB Group For More Information, [email protected] A Divison of Man Financial Please Visit Our Website [email protected] 141 W. Jackson Blvd. • Suite 180C www.OxfordClub.com Chicago, IL 60604 • 888.281.9570 [email protected] [email protected]