There's still money to be made in the market, but as you've often read in my articles, that money is not in big-cap American stocks or real estate anymore.

Over the past three years, I've been a big advocate of investing in gold and gold stocks. In fact, it was back in January, 2003 that I started telling my beloved Profit Confidential readers to buy gold. My strong belief in gold was rooted in my fear of ballooning U.S. debt and the plunging value of the U.S. dollar. I still believe gold to be an excellent investment, even at these higher price levels.

Another area I've been bullish on was the Canadian stock market; in specific the S&P/TSE Composite, Canada's equivalent of the Dow Jones Industrial Average. I've been bullish on this market for several reasons: The S&P/TSE Composite is chock-full of gold and oil stocks (both of which I believe are going up) and therefore Americans looking for a play against the declining value of the U.S. dollar have a great opportunity with the Canadian dollar.

The Canadian dollar recently hit a 14-year high against the U.S. dollar. Yes, the Canadian economy is doing great. and yes the Canadian government runs an annual surplus. But, it's the demand for Canadian resources and energy, coupled with the weakening U.S. dollar that are the real reasons behind the Canadian dollar's on-going rally. I expect this trend to continue.

While the Dow Jones Industrial Average has yet to break above its record high six years ago, the S&P/TSE Composite is breaking new highs daily. This index is at an all-time high right now, up 6 percent in the first trading month of 2006 alone. Sure, there will be some breaks in this rising trend as gold and oil stocks correct somewhere down the road (as I've said before, nothing goes up in a straight line), but the trend here is up.

So, there you have it. The money, and a tune I've been singing for some time, is in quality gold stocks on the S&P/TSE Composite. A place where American investors can get a double-whammy-- rising gold stock prices in foreign currency rising rapidly against the U.S. Dollar.