All of this nasty space and the nasty time that we've been going through.
In other words, we paid our dues, we have paid our news and
now I feel like we are very close in the my space to being rewarded
with some substantially iron prices at goal and all of the shares taking out,
taking off and go what substantially are You're listening to Carrie Let's's Financial Survival Network
where you get valuable information you just can't find anywhere else to thrive in today's
trying times. You need the Financial Survival Network now more than ever. Go
to Financial Survivalnetwork dot com and get your free newsletter and gift. Financial Survival
Network now more than ever ed. Welcome. You are listening to the Financial
Survival Network of your host Cherry Lutz. As we conclude October twenty three of
twenty three, the sector mining stocks junior minders in the face of higher gold
prices continue to get decimated by the market. And look, if you're new
to the sector, it's got to be one of the worst experiences you've ever
seen. Where FORTU shouldn't just disappear literally overnight. If you've been through this,
through multiple ups and downs, multiple bulls and bears, as my next
guest has, then you have a somewhat different perspective. But no matter what
your experience, when you see a market like this and you see your capital
dissipate almost overnight, it's very difficult. Dudley, Baker's with us. Dudley,
great to have you on your site. Common stock warrants, Well,
maybe it's the biggest buy, an even better buy than the underlying warrants here
at this point. Hey, if you've got a question for Dudley or myself
or anything else, kl at Carie Lutz dot com is the place to send
it, and please give me your thoughts. How are you faring in this
resource bear market at least precious metals certainly, Dudley, it's great to have
you back on so Hey, we're all kind of in the same boat here
that sprung multiple leeks. We're all kind of sinking, some faster than others.
What can you tell those of you out there who are really feeling kind
of down and maybe bordering on despondent. Well, it's always good to be
with you, Carrie, but I understand well those of us that have been
in the sector for a long time, we get it. We don't like
it when we've got these long bear markets and stocks, but we've been around
long enough that we know there's another side coming, an upside that will be
coming. The question is is it coming you know, soon enough for most
people and uh and and a lot of younger people at least, uh you
know, don't have the patience to uh to wait and UH for me,
I've I've a lot of times hang on longer than than I should. But
if we own basically some quality stocks and even even throw in some of the
smaller speculative plays, but they're they're smaller speculative plays that are that are still
selling for pennies, that that still have you know, assets in the ground
and uh and they've got some good Jordan Ventcher partners. Uh and so these
will too be be good. But you know, you're in your recent uh
interview with the with the Rick rule and uh I think you titled it up
Uh I'm in junior mining stocks for one thousand games. Okay, Well that's
that's the game. That is the game, so uh and and I fully
agree with that, and a lot of times I'll say, okay, if
if any of those individual stocks that go up tenfold to give you one thousand
percent. If those stocks wants to have also stock warrants that are trading,
then you can think you're going to double a triple that one thousand percent,
and now you end up with two to three thousand percent gainers. And those
individual companies do have some long term launch so it's but no, this has
been an incredible period of time. Now, what we're saying right here is
it over say, the last two two and a half weeks, since since
all the problems over in the Middle East. Your goal has just taken off
like a rocket ship, and we're basically up a good uh what one hundred
seventy five points or something in gold and just and the question for most of
its is, well, what about the mining stocks? What the hell has
happened? Well, you know, you look at the GDX and yeah,
it's gone from maybe twenty six up to thirty and then it's then it's back
down a little bit, but not the significant gains that you bought should have
taken place by this big, big move and goal so and and no one
here has the holy grail. You know, well, well tomorrow the mining
stocks, you know, start going crazy and playing a pitcher and then that
that could be. But but we've a lot of times you just don't know
until we're further into this game as to what is going to happen. So
you might say that this last big uh, you know, pull back and
go down basically that eighteen hundred range and now now we're back, you know,
bumpet on the on the two thousand again until we take out these uh
old highs. So we were sitting here on a chart looking at at a
triple tonkly two thousand and seventy five and uh. And so you know,
the people that I listened to other services, et cetera, seem to think
that the fourth attempt coming up should be easy to take out that triple top
that's there, and then we should immediately shoot straight on up to twenty three
twenty four hundred there that I've got in my head. Of course, that's
that's something really, you know, if three four points up in gold is
a monster moved. Sure. Now, you know, we've all got different
ways that we play this, and me I've always kind of been the stock
guide. But but you know, we know you've got a big audience.
Some people may say, you know, I'm I'm playing the goal of futures
market. And maybe that's the way that that they want to play it.
And maybe there's an argument for diversification here, you know, do do different
methodologies, et cetera. But I think you could play the futures market.
Uh. For me, that's the higher risk than a lot of people like
to take on. It's highly leverage. Obviously, if you're right, there's
a lot of money to be made. But if you're wrong, you better
you'd better be employing some stop losses or you really trouble. So it's always
seemed kind of more conservative to me is is to buy some of the mining
stocks and to have the basket of mining stocks. And uh, you know,
back in the day, I mort So did a lot more. It's
probably where you and I met is one of the mining coppers. That's probably
in New Yorker. Yeah, and uh, you know it was so much
fun. You would you literally interact with the virtually all newsletter writers. You
know, you could tick everybody's brain. You walk the aisles of all the
mining stocks that were there at any of the given shows. Uh, get
into meet and mix and mingle with the with the management of these companies and
uh, it really gave you a certain feel and flavor of about what we're
doing. And so I haven't done that in a few years. I don't
think they're quite what they used to be. We were at a really unique
period in time. Yeah, it's back, uh, you know, bopping
around at these different mining shows and uh, and that was really cool.
But I think it's all all about a basket for me, a basket of
quality mining stocks. Uh. You have to decide how much risk that you
want to take gone. But there's a lot of good companies out there.
I want to feel like I owner of these. I've probably got a good
forty some different positions myself. Obviously the top ten or fifteen that is where
more of my capital is at. But I'm looking for all of these in
the INTERIPERI bull market to all go up the five to ten to fifteen to
twenty times. And this is our quote payback for all of this, all
of this nasty space and the nasty time that we've been going through. In
other words, we paid our dues. We have paid our dues, and
now I feel like we are very close in the my space to being rewarded
with some substantially iron prices and goal and all of the shares taking out,
taking off and going substantially higher. And I always say, you know,
it's every to say you're looking at these shares. Well, that's true.
Me. I'm a lot of time known as the warrant guys. So it's
like, well, I'm saying you ain't about warrant so well, yeah,
but it all starts with a given company. You don't wake up one morning
and say, hey, I'm going to buy some stock warrants today. But
you don't. You're not going to buy any any stock options today. Maybe
I've had a nightmare. Who you would do it? Right? Oh?
Yeah, yeah no, But it's it's a it's a warrant want an option
on want and uh So I know some of the uh you know, other
people that have uh that I've followed, have been uh this this bull market
quote and goal has been elusive, so it's always better. One of their
positions is continuing to buy a call options on the GVAS. Okay, well
that's probably not a bad thing, but but yet as we go from three
months, six months, a year, two years, you've got to keep
buying these options. So you've just lost a lot of money as these babies
expire on you. And so how much capital does anybody have? You know,
they don't really address that. And even if you're sitting with a decent
amount of capital, how much do you deploy into say options or even warrants
for that matter. You know, you got everything in balance, but at
least what the warrant, the stock warrants, what we're looking for is those
that do have preferably a long life of anywhere from two to five years and
so. And as these markets do start picking up, I think as more
more the mining companies will start to want to raise capital at little higher prices
prices, we will end up with more and more stock warrants that will be
listed and available for US investors to buy. So right now there's still a
good basket of stock warrants, data miness, so our database, we've we've
done this for many many years now and everything's up to speed, sortable,
builverable, just about any way you can do it. And there's I always
say, there's great opportunities, whether it's a mining space or any other space
that you're looking for in the US markets, biotechs or anything. Everything is,
everything is there on our database. All right, well, hey,
you definitely have a proprietary database. There's nothing else there quite like it.
It's kind of a hyper leveraged way to really play this sector. You know.
I always subscribe to the theory that every dog has its day, not
that the entire sector is a dog, but certainly in terms of the way
it's performed relative performance, it's a dog. Okay, let's just be honest
with each other. It's a dog. Think even earlier this, earlier,
this morning, maybe we got new Mind just about the hit Lows and song
Newmont, and they're making boatloads of money. Right, Well, this is
this is what gets the average investor. You know. It's like you really
have to scratch your head. You say, you know, gold is this
rad up, say of two hundred points, you know in the last two
weeks, and new guy's going to the opposite direction. Well, we know
we've got increased revenue coming in, So what's wrong with this picture. This
is a psychological game here that's being played. It's it's almost like the the
last attempt to shake everybody out of this mining sector before it really has one
hell of a big move. And for what I'm looking for is not enough
move that's going to last three to six months, not at all. We're
looking we're looking for a couple of years, three years, four years where
these little bitty up and he's they've actually got time, you know, just
build building. I mean they're building a base now, but to have time
to progress and uh and then the final blowoff stage, you know, three
to four years from now would just be incredible. But but we've got to
have these little ones will not get off the launch bed here. Uh,
maybe maybe for the first several months. So now when we see even the
new mounts of the world and the barracks of the world can really get off
the launch bead. These little companies don't have much of prayer, you know,
so it really is a dicey uh in a stretch your head situation.
You really have to have a lot of a lot of the faith uh and
uh in what you're doing and some of the stocks picking and uh and and
yeah. I think those of us that have been around for a while,
we've kind of seen this and and and are are prepared for a little more
time if that's necessary, because we know the rewards will be there at the
end of the day, right. But for for newer people, yeah,
it's it's it's they they uh, well, they want to say show show
me, you know, and maybe they didn't never stand that's reality. But
uh, but no, I always always say, uh, you know,
just another quote here when I was listening to your in recent interview with with
as you call him, Marty Martin Armstrong. Uh, I forget exactly the
context in which y'all were talking, but uh, but he's using the term
curiosity and desire. And so you know, everybody has to have the curiosity
and the desire. So it's like new people, I'd say in the mining
space, you do have to do some research. You can look at some
long term charge. You can see the cyclicality that's going on, so you
get curious enough, and then the desire is how do you? How do
you play this? Yeah? How do you? How do you? And
each individual has to answer that question for themselves. Do at at a from
a safety standpoint, from uh, the futures, from the stocks, from
the options to the stock warrants, uh, and and with it, you
just need time. You gotta, you've gotta if you're if you're fortunate enough,
And many times i've been fortunate enough that when a company comes out with
a new stock warrant that's got a five year life, I'm thinking, Wow,
this is the holy grail because I know within this five years, UH,
this warrant is going to have a hell of a move. And more
often than not that that is your key to the five hundred one thousand percent
or better. And normally if the earlier you get in when that warrant starts
to trade, the better off. And so a lot of times I always
say is that, uh, this is kind of why you need you need
to be a subscriber to the service, because yeah, we're going to be
there at day one. UH as we see you warrants coming into this space
in the in the junior mining space and be all over the top of this.
I am personally looking for for these opportunities myself number one to get them
added to the database. So I've follow all the all the filings and everything,
and because we've better in there for all of our subscribers and and me,
I want to see them as well because I'm looking at at the personal
opportunity, you know, to be in UH as soon as possible and for
to increase our chance of some say there, Yeah, I just love that
expression that already had as a curiosity. And so all in all, investors
have to you know, come at these markets in different directions. Absolutely.
Yeah, So I I think we're on the verge of the precious metal sector
coming alive. Uh and uh and and if so, we know we will
be well rewarded. I mean, didn't give us you know, if if
this sector, if if gold continues to go up here and we do go
up to the twenty three hundred or so, and if in pretty short order,
yeah, the bricks of the world and the new mods will be participating
them. Were preaching money, right, and that this is just it makes
no sense, truly makes most Uh agreed. I think it just that they're
probably going down a little bit just with the average stock market. And uh.
And so I think that's the game that's being played, is they're they're
just being sold out with the general market environment. But it's I kind of
thought that it would be maybe related to option exploration less Friday, but I
don't think that was the case, because they they kept going down a little
bit early early this Uh. But no, I do believe that we're very
close to a significant turn coming and uh again, we just offer something different
here at Common Stock Warrants. You know I started this this oh my god,
uh May of two thousand and five, so that's a long time ago
and a long time ago. And don't date us please. Yeah no,
I lots lots of baby on to one goal. Yeah, and there are
and uh way back at that time frame. So it's it's been a fun
ride. We for the service, and uh yeah, I'd love to have
everybody, you know, I go back so long people going out that old
there man, come on, no, get back to this. This this
uh curious, curious. If people are curious about stock Warrants, just go
to the website Common Stock Warrants. If you signed up for our free email
list, you will be able to download a couple of publications that we've got.
Number one is mine to start the Stock Warrant Handbook that is substantially up
to date. But the other one is the Speculative Merits of Common Stock Warrants.
This was a book that goes back to really nineteen forty nine. Really
Sidney Freed, who I needed to be the grandfather of stock warrants. He
had a publication called the RHM warrant survey way back in the nineteen fifties,
sixties. And so what I've got, I've got his original publication, The
Speculative merits common Stock Warns, and I've got a PDF file and it's available
for everybody for three to down. Please send that to me, Send it
to me. Okay, yeah, no, we'll do it. But it
is so this is written on an old Royal typewriter. You can just see
what, you know, it's just somebody. He just sitting there banging this
stuff out. And it's like incredible stories, incredible charge. And here's the
thing, nothing has changed. Let me tell you a story about Warrence.
My mother she bought shares in Chrysler preferred shares and they came with a warrant
back Bold days. And you know, her thing was, what is the
government going to let Chrysler go bankrupt? And you know that was then.
This is now. So in the meantime, am Chrysler tanked. I think
she only had like ten thousand invested in it, not a lot of money.
I mean it was like a dollar preferred. It was cumulative preferred.
So it's Chrysler cut out their dividend, all right, and the preferred went
down to like next to nothing, like a buck and a half from ten.
I'm just giving numbers. I don't remember the exact numbers. It might
have been a twenty dollars share. And then you know, they got the
bail out, and then Chrysler turned around, and at the time, it
was like, well, hey, I'm sitting on a huge profit. Now
the stock had gone up many times, plus she got paid all of her
she was going to be paid all of her cumulative dividends, which was as
much as the stock. It was like a five or eight percent cumulative uh
preferred. So what do I do? And we figured out back then,
if you sell off these the warrants were probably traded, So you sell off
the you so have to prefer before they pay the dividends. Then it's a
capital gain because back then, dividends were taxed at ordinary income rates, but
capital gains were taxed at fifteen or twenty percent. So she sold that off,
exercised her warrants. They then went up like two or three more times.
Sold off those warrants. It turned into a major windfall. And you
know, obviously publicly traded warrants aren't as popular as they once were, because
they tend to put a floor or a ceiling on the price of the stock,
except when the stock goes parabolic, then they anticipate. So so anyway,
that's just one example. But hey, we've got a link to Dudley's
site. I strongly urge you to become a subscriber just like me, Dudley,
It's always a pleasure. Thanks for coming on you bet no. Always
good to be with Kart. Thanks for listening to carry Letz's Financial Survival Network
to today's trying times. For the latest, go to Financial Survivalnetwork dot com.
Financial Survival Network now more than ever,