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All of this nasty space and the
nasty time that we've been going through.

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In other words, we paid our
dues, we have paid our news and

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now I feel like we are very
close in the my space to being rewarded

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with some substantially iron prices at goal
and all of the shares taking out,

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taking off and go what substantially are
You're listening to Carrie Let's's Financial Survival Network

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00:00:24,800 --> 00:00:30,199
where you get valuable information you just
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trying times. You need the Financial
Survival Network now more than ever. Go

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00:00:36,000 --> 00:00:42,399
to Financial Survivalnetwork dot com and get
your free newsletter and gift. Financial Survival

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00:00:42,439 --> 00:00:51,640
Network now more than ever ed.
Welcome. You are listening to the Financial

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Survival Network of your host Cherry Lutz. As we conclude October twenty three of

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twenty three, the sector mining stocks
junior minders in the face of higher gold

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prices continue to get decimated by the
market. And look, if you're new

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to the sector, it's got to
be one of the worst experiences you've ever

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seen. Where FORTU shouldn't just disappear
literally overnight. If you've been through this,

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through multiple ups and downs, multiple
bulls and bears, as my next

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guest has, then you have a
somewhat different perspective. But no matter what

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your experience, when you see a
market like this and you see your capital

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dissipate almost overnight, it's very difficult. Dudley, Baker's with us. Dudley,

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great to have you on your site. Common stock warrants, Well,

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maybe it's the biggest buy, an
even better buy than the underlying warrants here

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at this point. Hey, if
you've got a question for Dudley or myself

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or anything else, kl at Carie
Lutz dot com is the place to send

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it, and please give me your
thoughts. How are you faring in this

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resource bear market at least precious metals
certainly, Dudley, it's great to have

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you back on so Hey, we're
all kind of in the same boat here

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that sprung multiple leeks. We're all
kind of sinking, some faster than others.

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What can you tell those of you
out there who are really feeling kind

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of down and maybe bordering on despondent. Well, it's always good to be

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with you, Carrie, but I
understand well those of us that have been

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in the sector for a long time, we get it. We don't like

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it when we've got these long bear
markets and stocks, but we've been around

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long enough that we know there's another
side coming, an upside that will be

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coming. The question is is it
coming you know, soon enough for most

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people and uh and and a lot
of younger people at least, uh you

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know, don't have the patience to
uh to wait and UH for me,

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I've I've a lot of times hang
on longer than than I should. But

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if we own basically some quality stocks
and even even throw in some of the

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smaller speculative plays, but they're they're
smaller speculative plays that are that are still

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selling for pennies, that that still
have you know, assets in the ground

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and uh and they've got some good
Jordan Ventcher partners. Uh and so these

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will too be be good. But
you know, you're in your recent uh

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interview with the with the Rick rule
and uh I think you titled it up

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Uh I'm in junior mining stocks for
one thousand games. Okay, Well that's

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that's the game. That is the
game, so uh and and I fully

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agree with that, and a lot
of times I'll say, okay, if

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if any of those individual stocks that
go up tenfold to give you one thousand

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percent. If those stocks wants to
have also stock warrants that are trading,

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then you can think you're going to
double a triple that one thousand percent,

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and now you end up with two
to three thousand percent gainers. And those

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individual companies do have some long term
launch so it's but no, this has

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been an incredible period of time.
Now, what we're saying right here is

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it over say, the last two
two and a half weeks, since since

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all the problems over in the Middle
East. Your goal has just taken off

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like a rocket ship, and we're
basically up a good uh what one hundred

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seventy five points or something in gold
and just and the question for most of

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its is, well, what about
the mining stocks? What the hell has

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happened? Well, you know,
you look at the GDX and yeah,

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it's gone from maybe twenty six up
to thirty and then it's then it's back

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down a little bit, but not
the significant gains that you bought should have

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taken place by this big, big
move and goal so and and no one

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here has the holy grail. You
know, well, well tomorrow the mining

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stocks, you know, start going
crazy and playing a pitcher and then that

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that could be. But but we've
a lot of times you just don't know

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until we're further into this game as
to what is going to happen. So

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you might say that this last big
uh, you know, pull back and

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go down basically that eighteen hundred range
and now now we're back, you know,

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bumpet on the on the two thousand
again until we take out these uh

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old highs. So we were sitting
here on a chart looking at at a

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triple tonkly two thousand and seventy five
and uh. And so you know,

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the people that I listened to other
services, et cetera, seem to think

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that the fourth attempt coming up should
be easy to take out that triple top

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that's there, and then we should
immediately shoot straight on up to twenty three

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twenty four hundred there that I've got
in my head. Of course, that's

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that's something really, you know,
if three four points up in gold is

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a monster moved. Sure. Now, you know, we've all got different

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ways that we play this, and
me I've always kind of been the stock

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guide. But but you know,
we know you've got a big audience.

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Some people may say, you know, I'm I'm playing the goal of futures

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market. And maybe that's the way
that that they want to play it.

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And maybe there's an argument for diversification
here, you know, do do different

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methodologies, et cetera. But I
think you could play the futures market.

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Uh. For me, that's the
higher risk than a lot of people like

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to take on. It's highly leverage. Obviously, if you're right, there's

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a lot of money to be made. But if you're wrong, you better

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you'd better be employing some stop losses
or you really trouble. So it's always

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seemed kind of more conservative to me
is is to buy some of the mining

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stocks and to have the basket of
mining stocks. And uh, you know,

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back in the day, I mort
So did a lot more. It's

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probably where you and I met is
one of the mining coppers. That's probably

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in New Yorker. Yeah, and
uh, you know it was so much

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fun. You would you literally interact
with the virtually all newsletter writers. You

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know, you could tick everybody's brain. You walk the aisles of all the

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mining stocks that were there at any
of the given shows. Uh, get

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into meet and mix and mingle with
the with the management of these companies and

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uh, it really gave you a
certain feel and flavor of about what we're

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doing. And so I haven't done
that in a few years. I don't

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think they're quite what they used to
be. We were at a really unique

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period in time. Yeah, it's
back, uh, you know, bopping

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around at these different mining shows and
uh, and that was really cool.

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But I think it's all all about
a basket for me, a basket of

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quality mining stocks. Uh. You
have to decide how much risk that you

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want to take gone. But there's
a lot of good companies out there.

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I want to feel like I owner
of these. I've probably got a good

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forty some different positions myself. Obviously
the top ten or fifteen that is where

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more of my capital is at.
But I'm looking for all of these in

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the INTERIPERI bull market to all go
up the five to ten to fifteen to

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twenty times. And this is our
quote payback for all of this, all

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of this nasty space and the nasty
time that we've been going through. In

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other words, we paid our dues. We have paid our dues, and

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now I feel like we are very
close in the my space to being rewarded

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with some substantially iron prices and goal
and all of the shares taking out,

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taking off and going substantially higher.
And I always say, you know,

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it's every to say you're looking at
these shares. Well, that's true.

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Me. I'm a lot of time
known as the warrant guys. So it's

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like, well, I'm saying you
ain't about warrant so well, yeah,

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but it all starts with a given
company. You don't wake up one morning

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and say, hey, I'm going
to buy some stock warrants today. But

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you don't. You're not going to
buy any any stock options today. Maybe

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I've had a nightmare. Who you
would do it? Right? Oh?

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Yeah, yeah no, But it's
it's a it's a warrant want an option

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on want and uh So I know
some of the uh you know, other

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people that have uh that I've followed, have been uh this this bull market

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quote and goal has been elusive,
so it's always better. One of their

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positions is continuing to buy a call
options on the GVAS. Okay, well

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that's probably not a bad thing,
but but yet as we go from three

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months, six months, a year, two years, you've got to keep

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buying these options. So you've just
lost a lot of money as these babies

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expire on you. And so how
much capital does anybody have? You know,

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they don't really address that. And
even if you're sitting with a decent

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amount of capital, how much do
you deploy into say options or even warrants

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for that matter. You know,
you got everything in balance, but at

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least what the warrant, the stock
warrants, what we're looking for is those

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that do have preferably a long life
of anywhere from two to five years and

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so. And as these markets do
start picking up, I think as more

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more the mining companies will start to
want to raise capital at little higher prices

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prices, we will end up with
more and more stock warrants that will be

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listed and available for US investors to
buy. So right now there's still a

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good basket of stock warrants, data
miness, so our database, we've we've

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done this for many many years now
and everything's up to speed, sortable,

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builverable, just about any way you
can do it. And there's I always

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say, there's great opportunities, whether
it's a mining space or any other space

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that you're looking for in the US
markets, biotechs or anything. Everything is,

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everything is there on our database.
All right, well, hey,

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you definitely have a proprietary database.
There's nothing else there quite like it.

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It's kind of a hyper leveraged way
to really play this sector. You know.

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I always subscribe to the theory that
every dog has its day, not

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that the entire sector is a dog, but certainly in terms of the way

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it's performed relative performance, it's a
dog. Okay, let's just be honest

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with each other. It's a dog. Think even earlier this, earlier,

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this morning, maybe we got new
Mind just about the hit Lows and song

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Newmont, and they're making boatloads of
money. Right, Well, this is

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this is what gets the average investor. You know. It's like you really

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have to scratch your head. You
say, you know, gold is this

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rad up, say of two hundred
points, you know in the last two

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weeks, and new guy's going to
the opposite direction. Well, we know

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we've got increased revenue coming in,
So what's wrong with this picture. This

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is a psychological game here that's being
played. It's it's almost like the the

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last attempt to shake everybody out of
this mining sector before it really has one

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hell of a big move. And
for what I'm looking for is not enough

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move that's going to last three to
six months, not at all. We're

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looking we're looking for a couple of
years, three years, four years where

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these little bitty up and he's they've
actually got time, you know, just

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build building. I mean they're building
a base now, but to have time

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to progress and uh and then the
final blowoff stage, you know, three

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to four years from now would just
be incredible. But but we've got to

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have these little ones will not get
off the launch bed here. Uh,

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maybe maybe for the first several months. So now when we see even the

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new mounts of the world and the
barracks of the world can really get off

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the launch bead. These little companies
don't have much of prayer, you know,

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so it really is a dicey uh
in a stretch your head situation.

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You really have to have a lot
of a lot of the faith uh and

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uh in what you're doing and some
of the stocks picking and uh and and

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yeah. I think those of us
that have been around for a while,

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we've kind of seen this and and
and are are prepared for a little more

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time if that's necessary, because we
know the rewards will be there at the

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end of the day, right.
But for for newer people, yeah,

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it's it's it's they they uh,
well, they want to say show show

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me, you know, and maybe
they didn't never stand that's reality. But

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uh, but no, I always
always say, uh, you know,

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just another quote here when I was
listening to your in recent interview with with

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as you call him, Marty Martin
Armstrong. Uh, I forget exactly the

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context in which y'all were talking,
but uh, but he's using the term

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curiosity and desire. And so you
know, everybody has to have the curiosity

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and the desire. So it's like
new people, I'd say in the mining

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space, you do have to do
some research. You can look at some

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long term charge. You can see
the cyclicality that's going on, so you

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get curious enough, and then the
desire is how do you? How do

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you play this? Yeah? How
do you? How do you? And

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each individual has to answer that question
for themselves. Do at at a from

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a safety standpoint, from uh,
the futures, from the stocks, from

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the options to the stock warrants,
uh, and and with it, you

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just need time. You gotta,
you've gotta if you're if you're fortunate enough,

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And many times i've been fortunate enough
that when a company comes out with

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a new stock warrant that's got a
five year life, I'm thinking, Wow,

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this is the holy grail because I
know within this five years, UH,

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this warrant is going to have a
hell of a move. And more

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often than not that that is your
key to the five hundred one thousand percent

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00:16:52,879 --> 00:16:59,399
or better. And normally if the
earlier you get in when that warrant starts

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to trade, the better off.
And so a lot of times I always

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say is that, uh, this
is kind of why you need you need

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00:17:04,799 --> 00:17:07,519
to be a subscriber to the service, because yeah, we're going to be

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there at day one. UH as
we see you warrants coming into this space

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in the in the junior mining space
and be all over the top of this.

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I am personally looking for for these
opportunities myself number one to get them

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added to the database. So I've
follow all the all the filings and everything,

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and because we've better in there for
all of our subscribers and and me,

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I want to see them as well
because I'm looking at at the personal

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opportunity, you know, to be
in UH as soon as possible and for

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to increase our chance of some say
there, Yeah, I just love that

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expression that already had as a curiosity. And so all in all, investors

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have to you know, come at
these markets in different directions. Absolutely.

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Yeah, So I I think we're
on the verge of the precious metal sector

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coming alive. Uh and uh and
and if so, we know we will

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be well rewarded. I mean,
didn't give us you know, if if

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this sector, if if gold continues
to go up here and we do go

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up to the twenty three hundred or
so, and if in pretty short order,

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yeah, the bricks of the world
and the new mods will be participating

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them. Were preaching money, right, and that this is just it makes

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no sense, truly makes most Uh
agreed. I think it just that they're

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probably going down a little bit just
with the average stock market. And uh.

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And so I think that's the game
that's being played, is they're they're

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just being sold out with the general
market environment. But it's I kind of

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thought that it would be maybe related
to option exploration less Friday, but I

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don't think that was the case,
because they they kept going down a little

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bit early early this Uh. But
no, I do believe that we're very

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close to a significant turn coming and
uh again, we just offer something different

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here at Common Stock Warrants. You
know I started this this oh my god,

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uh May of two thousand and five, so that's a long time ago

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and a long time ago. And
don't date us please. Yeah no,

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I lots lots of baby on to
one goal. Yeah, and there are

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and uh way back at that time
frame. So it's it's been a fun

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ride. We for the service,
and uh yeah, I'd love to have

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everybody, you know, I go
back so long people going out that old

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there man, come on, no, get back to this. This this

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uh curious, curious. If people
are curious about stock Warrants, just go

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to the website Common Stock Warrants.
If you signed up for our free email

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list, you will be able to
download a couple of publications that we've got.

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Number one is mine to start the
Stock Warrant Handbook that is substantially up

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to date. But the other one
is the Speculative Merits of Common Stock Warrants.

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This was a book that goes back
to really nineteen forty nine. Really

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Sidney Freed, who I needed to
be the grandfather of stock warrants. He

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had a publication called the RHM warrant
survey way back in the nineteen fifties,

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sixties. And so what I've got, I've got his original publication, The

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Speculative merits common Stock Warns, and
I've got a PDF file and it's available

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for everybody for three to down.
Please send that to me, Send it

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to me. Okay, yeah,
no, we'll do it. But it

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is so this is written on an
old Royal typewriter. You can just see

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what, you know, it's just
somebody. He just sitting there banging this

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stuff out. And it's like incredible
stories, incredible charge. And here's the

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thing, nothing has changed. Let
me tell you a story about Warrence.

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My mother she bought shares in Chrysler
preferred shares and they came with a warrant

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back Bold days. And you know, her thing was, what is the

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government going to let Chrysler go bankrupt? And you know that was then.

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This is now. So in the
meantime, am Chrysler tanked. I think

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she only had like ten thousand invested
in it, not a lot of money.

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I mean it was like a dollar
preferred. It was cumulative preferred.

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So it's Chrysler cut out their dividend, all right, and the preferred went

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down to like next to nothing,
like a buck and a half from ten.

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I'm just giving numbers. I don't
remember the exact numbers. It might

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have been a twenty dollars share.
And then you know, they got the

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bail out, and then Chrysler turned
around, and at the time, it

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was like, well, hey,
I'm sitting on a huge profit. Now

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the stock had gone up many times, plus she got paid all of her

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she was going to be paid all
of her cumulative dividends, which was as

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much as the stock. It was
like a five or eight percent cumulative uh

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preferred. So what do I do? And we figured out back then,

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if you sell off these the warrants
were probably traded, So you sell off

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the you so have to prefer before
they pay the dividends. Then it's a

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capital gain because back then, dividends
were taxed at ordinary income rates, but

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capital gains were taxed at fifteen or
twenty percent. So she sold that off,

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exercised her warrants. They then went
up like two or three more times.

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Sold off those warrants. It turned
into a major windfall. And you

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know, obviously publicly traded warrants aren't
as popular as they once were, because

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they tend to put a floor or
a ceiling on the price of the stock,

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except when the stock goes parabolic,
then they anticipate. So so anyway,

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that's just one example. But hey, we've got a link to Dudley's

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site. I strongly urge you to
become a subscriber just like me, Dudley,

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It's always a pleasure. Thanks for
coming on you bet no. Always

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good to be with Kart. Thanks
for listening to carry Letz's Financial Survival Network

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to today's trying times. For the
latest, go to Financial Survivalnetwork dot com.

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Financial Survival Network now more than ever,