Latest / Financial Survival Network / Junior Miners Getting Ready for a Major Advance -- Dudley Baker #5930

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Junior Miners Getting Ready for a Major Advance -- Dudley Baker #5930 · Financial Survival Network

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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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  where you get valuable information you just can't find anywhere else to thrive in today's
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  trying times. You need the Financial Survival Network now more than ever. Go
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  to Financial Survivalnetwork dot com and get your free newsletter and gift. Financial Survival
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  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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  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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  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
• 20:07
  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
• 20:19
  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
• 20:41
  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
• 20:57
  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
• 24:00
  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,