To be a successful gold miner, remember these three words: location... location... location.

Aurelian Resources (ARU.TO) found that out the hard way, plummeting from $10 to about $3. Corriente Resources (CTQ.TO) fell from $5.50 to $3. And Dynasty Metals (DMM.TO) fell from $7 to about $2.50.

But that's what happens when you have major operations in one location. Aurelian, for example, based out of Toronto, held its major asset in Fruta del Norte in Ecuador. It came as no shock when they fell on Ecuador's decision to freeze exploration and revoke mining concessions in an effort to increase state control.

Gabriel Resources (GBRRF.PK) got a 60% haircut after the Romanian government rejected its environmental impact assessment in September 2007.

And just this week, Crystallex (KRY), whose Las Cristinas property in Venezuela was expected to begin production in 2009, had the rug pulled. Venezuela will not grant a permit to KRY for the Las Cristinas mine after deciding not to grant licenses for open-pit mining for gold, diamonds and coal. Venezuela recently stepped up oversight on the mining industry, constantly reviewing mining concessions to decide on which ones should be revoked.

Citing ecological damage for the move, Venezuela dashed KRY's hopes to mine in the nine million acre reserve.

But this isn't the first time Venezuela has crushed mining dreams.

Gold Reserves (GRZ) was knocked down from $6 to $2 after Venezuela rescinded a March 2007 construction permit. Even Anglo American (AAUK) fell after the government revoked a nickel mining concession, claiming the company failed to comply with contractual conditions.

Again, if you want to be a successful gold miner, remember its all about location. Investors need to remember this, too, before investing in any gold mining companies. KRY's plummet from $5 to 80 cents is a tough way to learn that lesson.

Good Investing,

Ian L. Cooper

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In case you missed our other investment opportunity highlights, here's what we covered in Wealth Daily, Gold World, Energy and Capital, and your free blogs for the week of May 12, 2008.

U.S. Housing Market Outlook: The Worst is Over... Again (Says These CEOs)
There is no bottom for banks until housing bottoms. And that won't happen until 2010... if we're lucky. Yet, the banking community would have us believe we're bottoming now. But they're wrong. Banks will continue to crumble and should be shorted at tops.

Income Investing: The 7 Golden Rules for the Lazy Investor
By Warren Buffett's own math, matching the gains of the U.S stock market over the last century is going to be quite a tall order. In his most recent annual report Buffett once again pointed out that in order to equal the U.S. market over the 20th century, the Dow will need to close at roughly the 2,000,000 mark on December 31, 2099.

Investing in Eastern Europe: Profits in Russia and Former Satellite States
The Soviet Union, Czechoslovakia, and Yugoslavia are no more. But the countries that comprised them now enjoy some of the world's highest economic growth rates, creating ever-increasing options for investors.

Peak Oil and the Rail Revolution: Say Goodbye to Cheap Air Travel
"I had no doubt that the air travel business was in for a world of hurt, once oil prices started going up fast. And when that happened, air travel to such far-flung destinations would be out of reach for regular folks like me. I just didn't think that day would come quite so soon. I can already see my window of opportunity to lay on the beaches of Thailand, or hike the rugged mountains of Tibet or Japan, closing."

Foreclosures Hit New Records: Courts Jammed with New Notices
Riddle me this housing bulls (what's left of you). How can housing possibly be anywhere near a bottom when foreclosures continue to set one new record after another?

Solar Technology Stocks: Don't Miss the Next 20% One Day Solar Gain
The renewable energy markets are maturing quite rapidly. The solar sector, in particular, is showing signs of advancement as clear leaders are emerging every day. What we're seeing is a shift in the way the market as a whole views this industry.

Iamgold Increases 1Q Net Earnings by 205% yr/yr: Production Increases to 234,000 Ounces of Gold
Iamgold produced 234,000 ounces of gold during the quarter, compared with 219,000 ounces one year ago, and realized an average gold price of $899 an ounce, 39% higher than in the same period of 2007.

Investing in Physical Gold: Breaking Two Myths of Investing in Physical Gold
There is a herculean mountain of inaccurate information floating around about investing in physical gold bullion.
Among these erroneous concerns is the belief that storing physical gold is a difficult and that physical gold bullion is illiquid, making it an unwise investment.

WorldWater & Solar Technologies: Clean Water from Solar Energy
U.S.-based company WorldWater & Solar Technologies (WWAT.OB) has experience in dealing with water-related crises. From New Orleans to the Middle East and hopefully soon to Myanmar, they create the solar panels that drive water pumps for many applications.

Trading Secrets of the 3160s
OPEC President Chakib Khelil won't rule out $200 oil, even though supply is adequate, because the market is driven by the dollar, as the world oil markets face their biggest supply disruption in years. "In terms of fundamentals, stocks are high, demand is easing, supply is satisfactory. Therefore normally, without geo-political problems and the fall of the dollar, the prices of oil would not be at this level," he said.