Speaker 1: And it looks like on a chart, you know, we've broken,
you know, below the five day movie average, below the
twenty day moving average, probably now below the fifty day
moving average. Just over the last few days. It's been
a pretty serious plunge. So it appears that we're on
the brink of some serious trend changes and that'll be
a matter. Can Gold hang in for a while, or
maybe goal still has one last up move while the
financial markets roll over.
Speaker 2: You're listening to Carrie Let's his 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
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Speaker 3: And welcome you are listening to with a financial survival network.
I'm your host, Carrie Let's. Well, we are midway a
little more than midway through November. Man gold and silver
have been doing amazingly well near record highs. They were
at record highs. They got beat back a little bit,
but now they're climbing back. And it occurred to me
we hadn't talked with this gentleman in quite a while.
I'm talking about Dudley Baker and Dudley. It's great to
have you back on the show, of course always And
hey you're mister warrant common Stock Warrence dot com. And
what's doing with the warrants? Workt Now, what's doing with
these little microcaps? Any progress?
Speaker 1: Yeah, good to be with you. Carry, Yeah, it has
been a while. Well, you know, as you said, gold
is near the high, so we may be off ten
percent or so, No, biggie, it's always a question what's next,
what comes next, and it's all about what are those
opportunities how do we participate? So yeah, a lot of
what I personally follow is a lot of the small companies,
the small miners that may or may not have stock
warrants that are trading and uh but but a lot
of in the marketplace today, a lot of the small
companies have barely budged. You know, we've had some nice
movements from the you know, Equinox goal, from the aeroscol Yeah,
of course, First Majestic, you know, and some of the
beer boys obviously the Franco Nevadas and et cetera. But
this is not substantially trickle down to the small players,
and that's kind of my game and I love that.
So it's always that game will come down to us,
and it's still we still have time to say, accumulate
some positions down in this arena, and a lot of
mind can be down in the penny rain, and so
we know they're not going to be the first performers.
But yeah, you know, the trust and now I think
that all of us have on our minds is what
will happen with gold and silver being the leaders of
this whole situation. And so where we're off probably ten percent,
we're still sitting real close to the four thousand we
have sober back off a little bit, but still above fifty.
So net you know, if you're just looking at the
price of the metals, you're thinking, God, we should all
be filthy rich by now.
Speaker 3: Yeah, he thinks.
Speaker 1: I think back five to ten years ago, and god,
we couldn't even imagine prices for gold and silver where
they sit today. This was our fantasy land, fantasy land,
and thought, man, we would all be filthy rich when
we got up here. But we're not. So I think
the major speculative phase is still come and some of
the other players that I do follow in the business,
you know, kind of have a similar visual of maybe
what took place back in two thousand and seven, two
thousand and eight, that when the financial markets rolled over,
which I don't know if you can see. I wore
a red sweater here this morning because we were down
pretty hard earlier this morning. Like we're polating and coming back.
So the deal is the caution flag. The caution flag
is out right now is too well? The financial markets
be rolling over. It looks like we could be set
up for a trend change. And if so, what will
happen with gold and silver? But back in that two
thousand and seven two thousand and eight, you know, gold
ended up going down pretty hard as well in that decline.
But yet gold was one of the first players to
come out of that line, and that's when these little
small companies really started performing. So I've got others in
the business that I followed that think this may be
a similar situation. And so, uh, it's a matter of
being patient and letting this play out and be confident,
confident and comfortable about you know, what your portfolio is,
what do you own, why do you own it? If
you're looking at stock warrants, you want to make sure
that you've probably got a minimum of two years of
remaining life on those warrants, and uh and all that
good stuff. So we got we got a lot of
interesting uh uh situations that are in our databases. Uh
and probably a lot of your your followers are probably
maybe substantially in the mining space. But yet Yeah, there's
all kind of industries and sectors and and as we
speak here today, we're sitting with somewhere between in seven
hundred and fifty to eight hundred companies that have stock
going trading and in our databases. So you know, the
the word SPACs, SPAC, that's the purpose acquisition companies. Some
of those are coming back to life again. And so
we we we tracked all the details on the SPACs
as well. And uh so you know, we got all
the mining. I got a lot of a lot of
cool stuff. The way I like to phrase our database
to you know, to our subscribers or or future subscribers,
is what we present you is a lot of information
on all of all of the companies that have these
these warrants that are that are trading, and and there's
so many you can imagine, there's no way in the
world I can have a handle on this whole database
of information. We kind of got to broken down where
if you were looking for the companies in the mining space,
we've got to tab or just precious metals warrants, which
was the name of the previous service that I had
and uh, but we can get you honed in more specifically. Yeah,
we've got some warrants that are actually trading in the
UH in the AI space. And again I'm not familiar
with all these companies. There was a home.
Speaker 3: Yes, it will couple.
Speaker 1: Within the crypto space, and so it's a matter always
I always suggest to people when they first sign up
with us, look at the list of companies and do
you recognize any of the names of those companies. That's
something that maybe you already owned that you don't know
that they even have a stock warrant that's trading a
lot of other guys in the business they can recommend
the companies but have no knowledge whether there's a warrant
trading or not. And then it'll be a matter of well,
how much time is left on that warrant until exploration
and what is the exercise price? Is it even worthy
of my consideration? But data, data, data, information, information, and
it's all about having a ton of potential opportunities at
your fingertips. So you know, I I if if you
got a sick, I'll go through a couple of examples,
real qu sure, just to showcase, because to me, when
you start talking about stock warrants, it is what are
the opportunities? So why would I want to buy the
warrant and instead of the common shares? Now there's three examples.
I just did an article for put Out in the
Universe a couple of weeks ago, and I showcased these
three situations with with charts, but one was actually it's
cipher p c I p h e R mining cypher
mining uh c I f R and then put a
W on the end for the warrants. Right, I'm taking
you back only to April of this year. That warrant
traded as low is point one six three seven, so
six roughly sixteen and a half cents. At the end
of October it was an eleven dollars and ninety three cents.
Speaker 3: Wow.
Speaker 1: I don't know about you, but that's one hell of
a move. That's just shy of to me, Yeah, just
shy four thy two hundred percent in in months. Staggering,
staggering opportunity. And believe me, when I did this, h
this article, I'm thinking to myself, where was I at?
How did I this? Yeah? But that's the thing is
that another person looking at our database, another subscriber, may
have instantly honed in on this because this is this
isn't when we say mining, this isn't in the blockchain arena?
Is this company? So that could have really been a
hot button for somebody. But again, forty two hundred percent unbelievable.
There's another company of USA, Rare Earth, And you think
rare earths have been so much in the news the
last X number of months, and this had previous this
company had previously been a SPAC but took over a
rare earth company, and this warrant also in April traded
as low as sixty five cents on the NASDAC and
the end of October was that thirty two dollars and
forty nine cents. My god, just shy of five thousand percent,
And again you think, how did you us it? Now
there has been major pullback in a lot of the
rare earths as we know here recently and a lot
of that gain was given back. But in real time,
had you been looking at our database and seeing us
rare earth, that may have been your hot button and
you could have rowed that puppy for one hell of
a game. The other company that's been around for a while,
that is also a spect that I kind of showcased,
called the mining company TMC w W is the warrant,
and that one was actually there. They're mining for basically
the rare, the real minerals and metals under the ocean floor.
And uh and this this baby last December, so we're
still less than a year ago. Was it a nickel
point zero five end of Uptober? Three dollars eighty four
cents was the high for this year. It's up seven
four hundred percent. I just leave you at that, Bob.
Those are three incredible examples that I missed myself, but
they were opportunities that were in our database and could
have been easily bought. There's a lot of liquidity on
these babies, especially with these three examples here that we're
trading on the nastac Sometimes when you do get you
get down to the smaller stocks of the smaller companies
that have warrant trading, you may find that there's some
liquidity issues that I've never had a difficulty in buying
whatever i wanted through the years, but yet I'm aware
that that could be the situation. But normally, this is
especially those that you find that may be on the
New York or of the Nasdaq. Even in the money space,
there will be a lot of liquidity there. So you
don't you don't have a problem buying or solving these
these situations. But yeah, that's the thing.
Speaker 3: How do you buy them? Is it just like buying
a stock.
Speaker 1: It's just like buying a stock, and that's the big difference.
I always say, the definition of a stock warrant is
very very similar to a stock option.
Speaker 3: Uh.
Speaker 1: You know, it's in this case where the stock warrant
is a security giving the hold of the right to
buy the underlying stock at a specific price. You may
expiring on a specific date, but it is a security.
It will have a symbol, it will be treated of
New York Nasdaq TSX or the Venture Exchange uh, and
but it will be trading very very similar to the
stock as opposed to the options. So for the most part,
if you've got a stock warrant, you don't have to decide, well,
you know, what do I want the strike price to be?
How long? Yeah, when you come to options, maybe maybe
you know the company, but now you've got a whole
you got to decide, so how how how much time
do I want to look for the performance? How many
months do I want while looking for a three month
call option or six months a year? At what strike price?
You've got a lot of decisions to make if you're
fortunate that you can find the stock warrant that you like.
Normally a company would only have one warrant trading at
a time. We do have a few that have got
multiple warrants trading. And if so, if you find a
company like that, normally you're going to want to own
the most recently issued warrant. That will probably be the
best price and will probably give you the longest time
factor to go with that. But uh, but a lot less.
I want to say, it's simpler in my mind than
buying options if you can find what you like here.
So again I just say opportunities. It gives investors opportunities
that you may not even may not even be aware
of if you're not familiar with what stock warrants are,
and uh yeah, I'd love to go back. I think
we're looking at basically AT and T probably had the
first stock warrants traded roughly one hundred years ago. And
and it's so there's a lot of a lot of history.
This is nothing new that Dudley Baker just put together,
you know. So it's if they've been around for a
long time, and they've gone quite for a long time.
Adding because the way I put it back back and
early nineteen eighty the stock options became a really big
deal Chicago Board of Option Exchange and basically sucked all
the oxygen out of the room or stock warrants, and
so even though they've always been there, but the marketing
people talking about them, et cetera, really went really really quiet,
and it's almost like a big we don't want anybody
else to know situation. But anyhow, so it was a
massive amount of work, as you can imagine, putting together
and even maintaining these databases that we've got to stay
on top of all this. But you know, another way
I would phrase with stock warrants is that you know,
we know our friend Rick rural well in the mining space,
so we would know Rick Rule would never do a
private placement in the mining space if there were not
stock warrants attached. Right in the United States, I mean
in the US markets, I pretty much assure you that
Warren Buffett never did one of his deals and he
did many, you know, with Bank of America and with others,
I mean lots and lots of money, that he's never
done a deal without stock warrants attached part of the
deal because guys are aware of the leverage, the big
potential gains that could be made off of these warrants,
and even though they're in a private placement, it all
works the same. And unfortunately, a lot of times you
and I are not going to be given the right
maybe to participate in a private pace placement. Definitely not
a Bank of America. Now when he gets to the
mining space, yes, maybe we will have that opportunity. And
I always say if we if we as an investor
have the opportunity to participate in a private placement, there's
warrants attached, you definitely need to think about that. And uh,
and that's probably the best entry price. But for the
most part, most of us. Uh we if it's a
trading warrant, we we can almost get in at the
same price or maybe even less sometimes as those if
you were in a private placement. So it's it's it's
a secondary way to play the stock warrants. So you know,
through the years, I participated in quite a few private placements.
Some work out, some work out, and uh, it's just
you know, no, no, nobody's got the Holy Grail there.
But but I do. I always have some stock warrants
in my portfolio. And I guess that makes the question.
You don't say, Dudley man, that sounds really interesting, I'm
going to go all in with stalk warrants. No, no, no, no,
please don't do that. That's not what you want to do.
It's uh oh maybe maybe five percent, maybe ten percent
at the very most of your portfolio, just like saying,
if I asked you, you know, stock options even never
put one hundred percent of your portfolio and stock options
on any given company. So it's just a piece of
your portfolio that's going to be allocated to some really
interesting situations and hopefully give you a lot your leverage possibilities.
And uh, and to capture more games down down the line,
so it's it's never a all all in or none,
none or above or all in. So trying to find
a balance for you personally, There's been times that I
probably had a good twenty to twenty five percent of
my portfolio and warrants, and right now it's a really
small percentage just due to you know, there's not as
many warrants in the mining space as I would personally like. Sure,
but this can change at any time. You know that
we as soon as we conclude here, I can read
an article that x y Z Gold is just coming
out with a new stock offering that what warrants attached,
And so we can be adding warrants to our database
at all the times. And to make it easy as
well for our subscribers, on one of our lead pages
after you've logged in, we have a link for the
latest warrants added, so that regardless of what industry or
sector that those warrants will be in. But that way
you don't have to go through seven hundred companies all
over again looking for what are the new ones. Now
we've got this list right in front of you. And
to really make it a simple, a simple search vehicle.
So you know, my son's kind of my computer guy,
and he's done a great job of organizing all this
stuff and trying to make it as user friendly as possible.
And again with our information, if you're a guy that
say likes to follow volume, you know you can soort
on volume and figure out what is what has got
the most volume? Wher's the liquidity? You know, looking for
volume breakouts or how you would like to approach these markets. Uh,
as well as you can search on exercise price, what
is the longest stock warrant that's trading and uh, but
more so you're looking for you know, I always rounded
off to two years and a perfect world, the warrant
that you own is to you to start out with
at least two years of remaining live. It's amazing as
you and I can attest the older that we get.
The time goes by so damn fast, and you know
a year is just a flash in the pain, and
you really got tohead the time to know, to give
the markets to perform like you want to and to
you know, for your individual shares to perform like you
want to. So opportunities, opportunities, opportunities.
Speaker 3: Yeah, always opportunities, right, yeah, you bet. I remember first
subscribing to you in twenty eleven, actually a two thousand
and nine and seeing these warrants go up incredible amounts
here tell you, like like ten twelve times. And this
wasn't just one or two of them, it was multiple ones,
you know.
Speaker 1: Yeah, multis.
Speaker 3: Yeah.
Speaker 1: Now I'm on the home page of our website, common
Stock Warrants dot Com. Right there on the homepage, I
still have I can't remember ten, fifteen, twenty examples of
punts that I actually owned, and the percentage gainers and
so as you said, there was some been some monster
gainers that I've been really happy to be involved with.
And it's been a couple of years now. It's hard
to believe, but you know, there were a couple of
lithium companies. It just freaking exploded that were you know,
ten baggers from the warrant standpoint, and uh, you know,
I'm not sure exactly where the lithium situation is here, todate,
but but there were some incredible home runs.
Speaker 3: To be had.
Speaker 1: And I'll say it's kind of like, you know, our
database is kind of like a revolving door. You know,
every warrant has an extra exploration date and so they're
they're all going to expire. But then we've got new
warrants that are coming in, you know, virtually virtually every
day every week, and uh, and so it is an
ebb and flow and you're just looking as an, is
there anything in our database that strikes your fancy, that
strikes my personal fancy that says I got to own
this baby? And uh that's what we can all have
different ideas now in uh, in the service, I guess
I call it the goals. The goal service is that,
uh where if somebody wants to see what I'm personally doing,
So what is what is Dudley doing? Okay, so as
opposed to just having all the raw data, you can
actually see what my positions are with a little explanation
of why I'm there and why I've been there through
the years and in et cetera. But you kind of
get a feel of where I'm coming from. And I'm
kind of looking for those that are really out of
favor or else. I feel like the tides getting ready
to turn at any moment, and right uh again, opportunities
Like I said, these these three examples that I cited, well,
ago they had monster games, but a lot of those
games have dissipated. And this would be time to say
this that any of these three examples that I just
cited that were trading on Nasdaq. Now, my primary account
broker's account is with Interactive Brokers. So for me at
Interactive Brokers, I can look in the left hand corner
of their order page and I can see for that
given company or their warrants available that could be shorted.
And so all three of the examples that I just cited,
if you would have looked and said, holy smokes, these
things are so overvalued it is incredible, I'm going to
assure them, well, you would have done incredibly well then
putting on the other hat and going to the short side.
So it may not be as simple depending on what
your individual brokerage account is, but with with IV, they
make it pretty easy to see the availability of warrants
that could be shorted. Now, pretty much with IV, if
it's if it's in the mining equation, if it's on
the Toronto Exchange or the Toronto Venture Exchange, I would
pretty much say that those warrants are not shortable. Want
to but if you're staying on the NASTAQ or the
New York Exchange. It's a it's a different game over there.
Don't encourage anybody to go in and start shortened things.
That's a it's a high we know, that's a You
got to be so so damn careful in doing that
because you never know how how much higher they can
actually go. And really tough game. But yet I just
wanted to I bring this up only to say there
is opportunities there and I have shorted some in the
past and done well with that, but you just kind
of really got to be cautious and surely be smart
enough to have stop losses in any time that you're
doing that. But right now, I just you know, me
personally as an investor. Yes, we got the service and everything,
but I always try to view things in the eyes
of you know, my subscribers and me as an investor myself.
What the hell is coming next?
Speaker 3: You know, that's a great question. What is coming next here? Dudley,
I ask you that very question.
Speaker 1: What is neck? And I'm thinking as we speak now,
these markets, you know, I know it's probably gonna be
a few days before our interview gets out, and so
it'll be interesting if somebody listens to the interview and
sees where we're at a few gass down a few
days down the road. But we've just been breaking down
really this morning, and we were pretty pretty strong on
November the eighteenth. I can remember this day because this
was my dad's birthday, and so this is it's a
good good time. So he passed years ago, but it's
a good date for an interview, so it's it's just
a you know, I could argue both ways. I think
we're ready to break down, but the trend to change
and for us to head down on the financial markets,
you know, the tech stocks are so overvayed. They were
getting hit hammered really hard this morning. And it looks
like on a chart, you know, we've broken you know,
below the five day movie average, below the twenty day
moving average, probably now below the fifty day moving average.
Just over the last few days. It's been a pretty
serious plunge. So it appears that we're on the brink
of some serious trend changes and that'll be a matter
can gold hang in for a while, or maybe gold
still has one last up move while the financial markets
roll over, And uh, you know, I don't know, anybody
that's got the holy grail to know exactly how this
plays out. This is a shower, I want to say,
forever investor in the world. You know, I think Rick
Reel would agree he doesn't have the holy grail. We
we've got a we've got a vision of the picture
and what we where we think that we are, you know,
in time, and what we kind of envision happening. But
but when it comes down to today's the low, today's
the high, I mean it's it's you know, we're we're
here as an investor to accumulate positions at reasonable prices.
I'm gonna go wck to be in as low as
I can possibly get all Yeah, and and by doing
by by just making that statement a lot of times, uh,
maybe I'll get in too early because then the that
they continue to draw down a little bit on you.
So it does become a challenge. But I hate for
them when they start running. And then then for me
to buy something that's already gone up fifty percent is
a real challenge psychologically for me because I'm the guy
that wants to be in at the bottom. I want
to be buying it down down into the right and
I want to be about as low as I can
possibly get, and that's where you trigger the big percentage gains.
But now these these opportunities just change and change frequently,
so it makes it it makes it an exciting game
for all of us as investors. And so no, I'm
just so glad that you know we had this service now.
I think it's long time. Actually started this in May
of two thousand and five, launched. I had had the
first ad and communication with Bob Moriarty and as we
marvel at three two one gold over twenty five years,
over twenty years ago, and it has been a great
journey and it's evolution and our database has increased in
size just big time by coming into the US market
and then coming into all the spikes, the special purpose
acquisition companies has really expanded our database. But there's something
here for I want to say every investor to at
least nothing else to be aware of. You know, whether
you decide to run out and buy this, you need
to know you know which companies do have stock warrants trading.
It's a good chance if like like a lot of
our currency describers, you're gonna have multiple subscriptions to other
guys and youth services which mayor might even know about
stock warrants themselves, and so they may be recommending some
really interesting companies in the mining space with crypto space
and not be aware that there are stock warrants that
are trading. And so our service can just be a
great supplemental service, a filtering service if you will, to
be aware of what is available out there in the universe.
So it's just it's been a great journey, has been
a great ride as an investor, and it's the right
is not over. I think, especially in our mining space,
our big move is still in front of us. And
this may still be you know, six months to year
out before we really start getting our time with the
small speculative stocks, but I think it's coming. This is
when we'll see little penny stocks just exploding to I
always say pennies to dollars and hopefully many dollars, very
similar the nipples that I cited there. You know, we
end up the thousands of percents of gains, and well,
they never know the one individual's the stock or the
warrant to buy. And that's why we need a basket.
We need we need X number of different ones that
everybody's comfortable with to kind of spread the risk and
have multiple potential opportunities right in front of us. So
it's uh no, I always love to talk about this.
It's so much fun. And uh, you know, back in
the day, you used to do a lot more of
all the mining conferences. And I remember I think that
was as probably New York, many many years ago, Gerrie,
when you and I had our first conversation.
Speaker 3: Oh, yeah, of course. And yeah, all right, hey, so
just tell us where to find you the best place
how to connect with you on the web.
Speaker 1: Yeah, no, just common Stock Warrants dot Com. And you'll
see that we've got some freebies available. You just want
to give us your first name. Well, you get access
to some freebies, my Stockworn Handbook, which is so simple,
less than fifty pages, and uh and to a couple
other really interesting reads through the years. So yeah, just
give us a visit. Common Stock Warrants dot Com. Love
to have you on board, and uh, we're just along
for the ride. Okay, all right, we're all along for
the ride. Dudley Camp, thank you enough for coming on.
And if you've got any questions or comments, shoot me
an email. K l Atcarrie LUTs dot com. We will
get you an answer, DUDLEYB. Well, talk to you soon. Hey,
thank you enjoyed it.
Speaker 2: Thanks for listening to Carrie Letz's Financial Survival Network, your
solution to today's trying times. For the latest, go to
Financial Survivalnetwork dot com. Financial Survival Network now more than
ever
Speaker 1: M