U.S. investors take note. A new market is opening up, and it’s handing us an opportunity to make big gains…On Sunday, President Obama flew to Havana, Cuba. He became the first president to visit Cuba since Calvin Coolidge in 1928.The U.S. has had a trade embargo against Cuba since 1962. At the time, Cuba, which is located just 220 miles south of Miami, was allied with communist Russia in the Cold War. A base in Cuba had Soviet nuclear missiles pointed at the U.S.The Cold War ended twenty-five years ago, but the embargo still stands. It bans most Cuban trade with the U.S. It prohibits Americans from investing in Cuba. Americans need special permission from their government to even visit Cuba.• The embargo could soon end…Last summer, the U.S. and Cuba reopened embassies in each other’s capitals. And the Obama administration recently lifted key economic restrictions on Cuba.The Wall Street Journal reported last week:The new measures, presented Tuesday, ease restrictions on American financial institutions and significantly broaden Cuba’s access to the global economy. They allow Cuban citizens to earn salaries from U.S. companies and to have American bank accounts for limited purposes, as well as permit the use of U.S. dollars in financial transactions with Cuba.The White House has also lifted its 50-year tourism ban on Cuba. And Cuba’s government plans to end a 10% tax on converting U.S. dollars to Cuban pesos.This past weekend, the U.S. Treasury Department gave two major U.S. hospitality companies permission to operate in Cuba. Starwood Hotels & Resorts (HOT) will build three hotels in Cuba. It will be the first U.S. company to operate a hotel in Cuba since 1962.And Airbnb, a company that lets you rent your home out like a hotel, can now accommodate foreign travelers visiting Cuba.• Soon, you’ll even be able to take a cruise to Cuba…USA Today reported:The giants of the cruise world may be just days away from getting approval for sailings to Cuba, according to a Wall Street analyst who follows the industry.In a research note released Monday, Nomura’s Harry Curtis said Norwegian Cruise Line Holdings (NCLH) was expecting approval for Cuba voyages from the Cuban government around the end of the month.Royal Caribbean Cruises Ltd. (RCL) and Carnival Corp. (CCL) also were likely to win approval for Cuba cruises around the same time, Curtis wrote.• Nick Giambruno, editor of Crisis Investing, thinks Cuba is a huge investing opportunity…Nick is an expert “crisis investor.” He invests in markets that are bombed out, hated, and depressed. This strategy allows Nick to buy world-class companies at bargain prices…and to buy a dollar’s worth of assets for pennies. This sets him up to make big gains, like the 210% gain he made on the Cypriot hospitality business Lordos Hotels in the wake of that country’s banking crisis a few years back.According to Nick, Cuba has been in a slow-motion crisis for decades. The U.S.’ ban on trade with Cuba killed any chance of economic growth for the last 60 years.But Nick says the embargo will soon become “a page in the history books.” When this happens, money should pour into Cuba.• Nick has a “back-door” way to profit from Cuba’s huge untapped potential…Here’s Nick:Cuba has over 2,000 miles of pristine coastline and the potential to be a top tourist destination. If Cuba ever opens up, there’s potential to make a fortune.Nick’s investment is a legal way to profit from the “opening up” of Cuba while the embargo is still in place. It trades on the NASDAQ stock exchange.This investment is up 10.5% in the last month. It hit a seven-month high on Friday. But Nick expects it to go much higher…We can’t disclose the investment here, because it wouldn’t be fair to paying subscribers. But you can get instant access to Nick’s “back-door” Cuba investment by signing up for a trial subscription to Crisis Investing. Click here to learn more.• Moving along, U.S. stocks have rebounded…Dispatch readers know U.S. stocks had a horrible start to the year. The S&P 500 fell as much as 11%.It’s since rallied 12% and has had five straight weeks of gains. Many folks see this as proof that we’re back in a bull market.• E.B. Tucker, editor of The Casey Report, doesn’t trust this rally…E.B. is Casey’s “big picture” guru. He’s known for making big calls about the stock market and economy.In September, E.B. boldly called the end of the bull market in U.S. stocks. It was a lonely call at the time…the S&P 500 had rallied as much as 215% over the past six years. The Dow Jones Industrial Average and NASDAQ hit all-time highs just two months earlier.But E.B. was right. The S&P 500 has gone nowhere but down since then. And the Dow Jones Industrial Average and NASDAQ haven’t hit new highs since July. Recommended Links — Small Boston firm to become major biotech player?This small company – which has just IPO’d – is now poised for the biggest medical breakthrough of the past 100 years. If this plays out…it wouldn’t just cure ONE disease, but annihilate 6,000 diseases killing us right now. Six big name institutions are pooling capital on this…even Bill Gates – whose foundation is successfully eradicating malaria right now – has expressed interest. If you position yourself right, you could be part of the biggest biotech breakthrough of the century… Click here to find out more… – The Secret to Investing in Gold Like Doug CaseyAfter the longest bear market in gold stocks in 40 years…Doug Casey just revealed how he plans to make a killing on gold’s massive rebound…and why 99% of investors don’t have what it takes to try this gold strategy. See more here. • E.B. is still bearish…Two weeks ago, he warned that U.S. stocks were on the cusp of a major downturn. In short, one of E.B.’s favorite “big picture” tools is signaling that U.S. stocks could enter a bear market before summer arrives.Despite the recent rally, E.B. still expects U.S. stocks to fall.The S&P 500 hasn’t made a new high since May. It’s rallied several times but all it’s done is set “lower highs.” This rally won’t mean much until the S&P 500 sets a new high.The chart below shows that the S&P 500 hasn’t set a new high since May.• E.B. says this is a sign of an unhealthy market…The market fell off a cliff in January. It’s now right back where it started.Stocks rarely go straight down during bear markets. It’s much more common to see stocks fall…recover…then fall again. That’s what we’re seeing right now.U.S. stocks are rallying at the moment. But that doesn’t mean we’re out of the woods.• The S&P 500 is due for major pullback…U.S. stocks have been in a historic bull market for 85 months. Since World War II, the average U.S. bull market has lasted 52 months.U.S. stocks are also very expensive.According to the CAPE ratio, which measures the valuation of stocks over the long-term, the S&P 500 is 56% more expensive than its historic average. U.S. stocks have only been more expensive three times in history: Before the Great Depression…during the dot-com bubble…and leading up to the 2008 financial crisis.• Stocks can only get cheaper in two ways…Share prices can fall or earnings can rise. And Dispatch readers know corporate earnings haven’t risen. They’ve collapsed.The S&P 500 is coming off its third straight quarter of falling earnings. That hasn’t happened since 2009. According to research firm FactSet, Wall Street expects first-quarter 2016 earnings to fall 8.4%. We’ll keep you posted as earnings start to come in.• There’s more danger than opportunity in U.S. stocks right now…To avoid big losses in stocks, we recommend holding a significant amount of cash. Holding cash gives you “ammo” to buy stocks when they get cheap again.We also suggest owning physical gold. As Casey readers know, gold is money. It’s preserved wealth for centuries. Investors often buy gold when they’re nervous about stocks. This year, gold has outperformed stocks by a mile. Gold is up more than 18% to its highest level in over a year.Chart of the DayGold stocks have ripped higher this year…Today’s chart shows the performance of physical gold versus the Market Vectors Gold Miners ETF (GDX), which tracks large gold miners.Dispatch readers know gold stocks are leveraged to the price of gold. This year, an 18% jump in the price of gold has caused GDX to spike 49%.Casey Research founder Doug Casey thinks gold stocks are just getting started. Last week, Doug laid out his case for why he thinks we’re about to enter a gold “mania.” It’s a must-read essay for anyone worried about the stock market or the economy. You can read it here.In short, Doug thinks gold stocks are entering a bull market for the ages. Over the next few years, the average gold stock could rally 500% or more. The best gold stocks could jump 10x, 20x, or even 30x. These gains may sound impossible…but we’ve seen them before.It will probably be years or even decades before we get another chance like this. To help make the most out of this rare opportunity, we’re running a limited-time offer on International Speculator, our advisory dedicated to finding gold stocks with huge upside. If you sign up today, you’ll receive International Speculator for $500 off the regular price. You’ll also get our latest special report, 9 Essential Gold Stocks to Buy Right Now. Click here to learn more.Regards,Justin SpittlerDelray Beach, FloridaMarch 22, 2016We want to hear from you.If you have a question or comment, please send it to firstname.lastname@example.org. We read every email that comes in, and we’ll publish comments, questions, and answers that we think other readers will find useful.