Israel Made the Attack on the Saudi Oil Fields


Bob Moriarty
Archives

Sep 16, 2019

As any fan of detective books or shows knows well, when you observe a crime you must first ask yourself, “Who benefits.” The Latin is Cui Bono Literally to whom is it a benefit?

On Saturday September 14th someone fired missiles or sent armed drones against Saudi oil facilities reducing world oil production by 5% and Saudi production by 50%. The beleaguered Houthis group at war by Saudi Arabia in Yemen quickly claimed credit for the attack.

While the Houthis have used armed drones in attack mode previously against the Saudi’s, those flights were bee stings compared to the sophistication and breadth of success in the latest attack.

The BBC calls the latest events “a different order of magnitude altogether.” There were seventeen different points of impact on the Abqaiq facility. What ragtag poorly armed enemy could possibly conduct such as remarkably complex attack?

Since the recent long past sell-by date demise of John Bolton, Donald Trump’s current attack Chihuahua, Mike Pompeo, promptly insisted Iran was behind the attack.

But how does Iran benefit by starting World War III? Are they so fucking stupid that they would wave a red flag in front of the nuclear armed US, nuclear armed Israel and Saudi Arabia run by a snow flake who thinks cold blooded murder is just about right when his feelings are hurt.

Israel has been threatening Iran with destruction since at least 1982 with the publication of the Yinon Plan. The document is remarkable in its candor for the Zionist plan for the destruction of the Middle East. “Every kind of inter-Arab confrontation would prove to be advantageous to Israel at least in the short term,” Yinon suggested.

Anyone believing the latest false flag operation of Israel is not designed to stir up conflict in the Middle East between Arab neighbors either cannot read or cannot think. This threat has been in print for the world to read for thirty-seven years.

For those who didn’t get it at first glance, the mostly dual national Neocons wrote a position paper for Benjamin Netanyahu in 1996 by Richard Perle called the "Clean Break."

The coldblooded nature of the document can only be appreciated in hindsight by recalling recent historical events causing the deaths of millions of innocents and the largest refugee problem since the end of WW II by the evil actions of Israel advocating for a state of constant conflict.

Rather than pursuing a ‘comprehensive peace’ with the entire Arab world, Israel should work jointly with Jordan and Turkey to "contain, destabilize, and roll-back" those entities that are threats to all three.”

Israel managed to con the US into expending the blood of their children and gold from their treasury for the best part of nineteen years conducting a “roll-back.” All for the benefit of Israel.

Not yet satisfied with the cold-blooded nature of their plans, the Neocons issued another position paper prior to the events of 911 they called “Rebuilding America’s Defenses.”

By this time the same mostly dual national Zionists called their conservative think tank, The Project for the New American Century. If anyone realized that the organization probably should have come under Truth in Advertising laws, the think tank would have more accurately been referred to as The Project for the New Israeli Century because it had nothing to do with America and everything to do with Israel.

In yet another remarkably blood drenched comment, the author stated, “Further, the process of transformation, even if it brings revolutionary change, is likely to be a long one, absent some catastrophic and catalyzing event – like a new Pearl Harbor.”

Remember the attack on Pearl Harbor in December of 1941? That was the surprise attack on the Naval Base in Hawaii that was no surprise at all and resulted in the deaths of almost 3,000 American servicemen and dragged the US into World War II.

So would it be accurate to suggest that 911 was the “catastrophic and catalyzing event” the PNIC group so desperately desired to take place?

After all, at the very least Israel knew all about it. They sent a team of Mossad spies “to document the event.” Again, almost 3,000 Americans died as a series of military adventures began that would bankrupt the US and cause the deaths of millions in the Middle East.

But in my three score and thirteen years I have learned that the simplest answer is almost certainly the most accurate answer. Israel does not need to convince the US to destroy Iran on their behalf. The US has been in an undeclared state of war against Iran for decades. All for the benefit of Israel.

There is a better and less complex answer. That has to do with an election on September 17th, 2019. If Benjamin Netanyahu wins another term in office he can stay out of jail for corruption a little longer.

Would Netanyahu stoop to front running an election by ordering the IDF to conduct a missile/drone attack on his good friends in Saudi Arabia that could easily ignite Armageddon?

Sure. Why not? It’s Americans and Iranians who would die. He doesn’t give a rat’s ass about them. Especially if it keeps him out of jail a little longer.

Actually pulling the pin on nuclear hand grenades would be especially stupid. But he doesn’t care.

###

Bob Moriarty
President: 321gold
Archives

321gold Ltd

 

Investor Interest Is Soaring For These Securities

Investor Interest Is Soaring For These Securities

 

Better than options, better than shares, better than preferred shares and better than convertible debentures.

Some others in the business have referred to these securities as Premium Shares, however, there is no such thing as Premium Shares which was a ‘made-up’ term by others for marketing to their base.

These securities are actually stock warrants which have been around since the 1920s.

Stock warrants are a favorite of many large and savvy investors, like Warren Buffett and Rick Rule, both of which would never participate in a financing unless warrants are issued to them as well as the common shares of the company.

For investors, ‘timing’ is extremely important, when to buy, when to sell. It is like a merry-go-round and each investor is in control as to when to enter or exit a trade. With stock warrants I usually like to have at least 2 years of remaining life before buying the warrants and there are many in my databases.

So warrants can be viewed as an equity kicker, incentive, to get the deal done and Warren and Rick are tough negotiators and want the best terms possible.

Admittedly, most of the warrants which Warren Buffett and Rick Rule receive are in connection with private placements which might not be available to the average investor, but there are many stock warrants trading which can be bought on the exchanges just like buying common shares but only if you know where to go and what to do.

In the United States, stock warrants trade on the NYSE, NASDAQ, AMEX and the Over the Counter Market (pink sheets). In Canada, the stock warrants trade on the (TSX) Toronto Stock Exchange, (TSXV) Toronto Venture Exchange, (CSE) Canadian Stock Exchange and the (NEO) NEO Exchange.

Our website //  http://CommonStockWarrants.com provides investors several different levels of subscription, all of which give you access to our ‘one of a kind’ database of stock warrants as well as possible access to Dudley's portfolio and weekly audio.

Numerous investment professionals are subscribers to these services including E.B. Tucker of Casey Research.

E.B’s Comments:
E.B. Tucker with Casey Research, recently referred to Dudley as 'the top expert in the field with over 40 years of experience' with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well”.

If we can be of service to you, reach out to Dudley at support@CommonStockWarrants.com

If other analysts and newsletter writers are subscribers that should tell you a lot of what we offer and the quality of our services.

JOIN US NOW - For A Month, A Year or a Lifetime

For the team,

Jeff Baker
Senior Analyst - Admin/Web Developer
B.Sc. Geological Sciences (UTEP)

How To Invest And Prosper With Warrants

April 25, 2019
Stockhouse Editorials

Note from Dudley at CommonStockWarrants.com

I just stumbled on this article on the Stockhouse website and thought it worthy of bringing to your attention as it is always good to see others writing about warrants besides myself. While I would take exception to one or two points in the article, basically it is a good article and useful to all investors.

Direct Link Article On Stockhouse

Warrants (“share purchase warrants”) are a financial instrument that can be an important tool for boosting investment returns. For novice investors, this begs the question: what is a warrant?

A warrant is a form of stock option that comes into existence most commonly via the private placement process (for further general details here, please see Private Placements 101). Typically, when a company offers a large block of shares to finance a private placement, participating investors also receive share purchase warrants as an incentive for participation in the financing.

The most common structure in these private placements is for ½ of a share purchase warrant to accompany each common share (each “unit”) purchased in the private placement. Occasionally, companies will offer a full warrant with each common share.

These share purchase warrants entitle the holder to acquire an additional common share at a fixed price (known as the execution price), for a fixed period of time. The way that investors can prosper from the acquisition of these warrants is simple. If the share price for the offering company rises above the execution price of the warrants, then investors can exercise these warrants (i.e. convert them into new common shares) at a price below which they can purchase the same shares on the open market.

The exercise price on warrants is almost always significantly higher than the unit price in the original financing. Thus, for investors to be able to capitalize on their warrants, the issuing company’s share price needs to rise high enough to exceed the exercise price. And this needs to occur prior to the expiration date of the warrants.

For this reason, investors should pay close attention to the “warrant life” (the length of time until expiry) of these share purchase warrants. “Long-life warrants” (those with a multi-year time horizon) obviously offer much greater potential for an investor to prosper because there is much more time for the share price of the issuing company to rise high enough for the warrants to be “in the money”.

However, this is not the only way for investors to acquire (and prosper from) warrants. With some larger financings where an enormous number of warrants come into existence (typically in the millions or tens of millions), the issuing company can choose to have their warrants listed on a stock exchange – and thus become tradeable just like common shares.

Here is where the leverage of warrants enters the picture for more sophisticated investors who are interested in buying warrants on the open market. A numerical example will exhibit how this leverage works.

Suppose Company A does a large financing. A total of 20 million new common shares come into existence, and along with those common shares are 10 million share purchase warrants. To make things simple, at the time of the financing, the unit price for common shares is $1 per share (with ½ share purchase warrant) and Company A is currently also trading on the market at $1 per share.

Company A sets the exercise price for the warrants at $1.50, with the warrants being valid for a period of two years from the date at which the financing closed. Obviously, with shares trading at $1.00, there is no incentive to list the warrants for trading as no one would be interested in acquiring these warrants when the share price is well below the exercise price.

Now suppose the share price for Company A quickly rises to $1.50 per share and Company A decides to list its warrants for public trading. Imagine you are an investor wanting to acquire a position in Company A at this time.

You now have two ways to acquire a position. You can choose the most common route of simply purchasing Company A’s common shares at the market price of $1.50 per share. Or, if you’re wanting to increase your leverage (and take on a higher level of risk), you might want to buy some of Company A’s warrants.

Note thatat $1.50 per share, Company A’s warrants will trade at a price substantially above zero. This reflects the speculative value/leverage potential of these warrants. For hypothetical purposes, assume that warrants can be purchased at $0.25 at this time.

If you buy shares, obviously you’re starting your investment even: your shares are trading at the purchase price. If you bought warrants instead, however, you would effectively start -$0.25 in the hole. This is because the share price would have to rise to $1.75 in order for a warrant investor to be able to break even by buying the warrant and then exercising it ($0.25 + $1.50 = $1.75).

Now let’s suppose that the share price rises to $2.00 per share. The investor who bought shares at $1.50 has made a 33% gain – not bad at all. But have a look at the warrant-holder who bought warrants at $0.25 and was originally down on his/her investment.

At $2.00 per share, the investor’s warrants are now clearly “in the money”. The investor can exercise those warrants (at the exercise price of $1.50) and still be ahead of the game versus simply purchasing more shares on the open market.
However, assuming the warrants still have significant life before expiry, this investor would probably do much better by selling those warrants on the open market. Consider.

If the warrants were trading at $0.25 when the share price was at $1.50 (a fairly normal premium), what will be the open market price for those warrants with the share price at $2.00? Obviously, the warrant price would likely be at least $0.75, meaning the warrant-holder could sell the warrants having tripled his/her investment, versus the 33% return from buying common shares.

In fact, at $2.00 per share Company A’s warrants would likely trade even higher than $0.75 reflecting a higher premium due to the much lower level of risk, since the warrants are already in the money.

The obvious risk in trading in warrants is if the share price of the offering company does not rise and the warrants never become profitable. This means that (unlike common shares) there is a much more substantial risk of warrants falling to zero than with respect to the shares of any publicly listed company.

For this reason, trading in warrants is an activity for more sophisticated investors. Investors not only need to carefully evaluate the fundamentals of issuing companies, they also need to be highly cognizant of the lifespan of the warrants and be confident in their assessment of future market conditions. It’s only when all factors are favorable that prudent investors will want to speculate in the trading of warrants.

Stocks No Bid – Gold No Offer

STOCKS NO BID – GOLD NO OFFER

July 25, 2019
by Egon von Greyerz


It is not difficult to understand Cassandra’s enormous frustration. She was given the gift of accurately predicting important events and her curse was that no one would believe her. Some of us are certain that we can now see the biggest bubbles in economic history coming to an end with totally devastating effects for the world. But like Cassandra, we are also cursed since more than 99.9% of the world’s population would not believe our predictions.

The problem is that this time it will not only involve the biggest wealth destruction in history but also lead to major problems in society with mass unemployment, no social security, no pensions, breakdown in law and order, social unrest, civil war and geopolitical conflict.

Reading these very dark predictions, I can understand that most people want to stick their head in the sand and ignore these dire forecasts.

Obviously I would also hope that all these predictions are false and won’t come to pass.

But as Winston Churchill said:

“THE TRUTH IS INCONTROVERTIBLE,
MALICE MAY ATTACK IT,
IGNORANCE MAY DERIDE IT,
BUT IN THE END THERE IT IS”

The problem is of course that the truth will often only be known after the event.

I wrote about Cassandra back in June 2017 and have over a very long period tried to warn anyone who is willing to listen about the risks and the events that will affect us all. We are obviously not alone in worrying about the magnitude of the problems in the world. Virtually everyone following KWN has similar views so here we are talking to a converted audience. But even when we speak to family, friends, business friends etc, we are met with the same degree of skepticism.

This is of course understandable since we are facing an event that occurs once a generation or once every hundred years. And the magnitude this time might even be a multi century cycle.

When the secular bull market turns down, the world will experience unprecedented market behaviour as asset bubbles burst. Investors will find that there are no buyers at any price. And for gold, there will be no sellers at any price:

Stocks – No bid
Bonds – No bid
Derivatives – No bid
Gold – No offer

STOCK COLLAPSE

What this means is that at some point during the down turn, stocks will fall precipitously with no buyers to be seen. Computer trading programmes accounting for 70-80% of volumes will issue massive sell orders and the price will just drop into a black hole since there will be no bid. The general investment public will naturally panic and sell at any price. But the problem is that there will be no market because there will be no buyers. This is how stocks quickly can drop 50% or more in a couple of days due to a total lack of liquidity and buyers.

As the Dow chart below shows, there is now a quadruple top, with weaker momentum or negative divergence for each top. This is extremely bearish and likely to lead to a major fall in coming weeks or months. The secular bull market in stocks is now coming to an end, leading to the biggest secular bear market in history.

BOND IMPLOSION

The Same will happen in the bond market. Investors will want to get out of government or corporate bonds which are unlikely to pay the interest and many will default. With no buyers, the bond market will collapse and bond rates will go to infinity. Rates above 50% might sound attractive but meaningless if neither interest nor capital will be paid. This will create total panic in credit markets as global debt of currently $250 trillion implodes. In the meantime central banks around the world will print additional $100s of trillion in a futile attempt to save the world.

THE END OF THE DERIVATIVES MARKET

But it will be the $1.5 quadrillion derivatives market that will totally kill financial markets. This is a totally false market that only works in bull markets when there is liquidity and counterparties pay up. In the coming implosion of asset values, there will be no liquidity and no buyers of worthless derivatives as counterparties default. In retrospect, this incredibly profitable activity for all the major investment banks will be judged as fraudulent with severe consequences for management and regulators as well as for the world.

Obviously, central banks will panic, print unlimited amounts of money, lower rates to zero or negative, stop trading in markets for extended periods, and manipulate markets in every possible fashion. But they and their governments will fail since they are totally bankrupt, having issued unlimited amount of debt that they can never repay.

THERE WILL BE NO GOLD OR SILVER AVAILABLE AT ANY PRICE

As panic in markets start and investors quickly turn from the stock market euphoria of the past to total fear, some investors will rush to buy wealth preservation assets. Some part of whatever liquidity they have left will go into precious metals, gold, silver and platinum. The only precious metal of size is gold and initially there will be gold available, albeit at much, much higher prices than today.

Initially there will be some willing sellers and gold will rise to multiples of the current price. But as the paper gold market collapses, there will be panic and at that point gold will go “no offer”.

No offer means that there is no gold offered at any price since there is no physical gold available to be bought. Eventually, there will probably be a price where some sellers are prepared to part with a small part of their gold but that price is likely to be at such a high level that it will be difficult to fathom today. Due to high inflation or hyperinflation, no gold seller is likely to accept paper money as payment but instead other assets, whether it will be property or commercial assets such as businesses.

GOLD CONFISCATION

There are a number of people who believe that governments will confiscate gold or ban gold trading. This is clearly possible and one should avoid holding gold in certain countries like the US or even the EU. This means that it is not advisable to store gold in those regions and nor to deal through precious metal companies that are based in the EU or the US even if the vaults are in other countries.

Also, it is important to only deal with countries with a long tradition of democracy and rule of law. Many off-shore locations, whether the vault or the arranging company is based there, should be avoided. We had very recently a client who wanted to ship a small part of his gold holding from Switzerland to Panama where he lives. When the gold arrived there, the customs agent said there was a new rule and that our client had to pay a fee of $30,000 on the total amount transferred of $150,000. That was a penalty or duty of 20% of the value the gold. Whether this was a bribe or a proper duty was never made clear. Nevertheless, we managed to ship the gold back to Switzerland and avoid the fee.

In my view, a country like Switzerland which has a long tradition in the gold industry and who refines 70% of all the gold bars in the world is very unlikely to ban or confiscate gold. Also, gold is 29% of Swiss exports which means that Switzerland is very unlikely to kill the goose that lays the golden egg.

PENSION FUNDS WILL BE MAJOR BUYERS OF GOLD

Another argument I hear is that governments are not going to allow individuals to earn major profits as gold goes to multiples of the current price. But we must remember that in the next couple of years, institutions, pension funds and investment funds are going to buy all the gold they can get hold of, at whatever price, as an inflation hedge. Governments are very unlikely to confiscate gold assets of pensioners and other private investors.

There is a much easier way for penalizing private investors who benefit from the coming increase in the gold price and that is of course taxation. The assets of the rich are likely to be heavily taxed in coming years and that is why tax planning is as important as investment planning.

If Cassandra is right and investment markets will implode in coming years, investors still have a very, very brief period to protect their wealth.

Global stocks are all in a position from which a major fall or crash can start at any time. Same with precious metals and precious metal stocks which are on the cusp of a massive bull market. It is likely that these major market moves will start in the early autumn of 2019, at the latest, and possibly earlier.

GOLD IS NOT AN INVESTMENT – IT IS INSURANCE AND MONEY

We must remember that gold is primarily not an investment although it will appreciate substantially in real terms. But gold is insurance, gold is money, gold is wealth preservation and gold is the only asset which is no one else’s liability.

Unfortunately, very few are aware of these important facts and will not be prepared for what is coming very soon.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries.

Chuck E. Cheese Will Soon Be Publicly Traded

I dare say that every parent, grandparent, aunt and uncle, everyone, has been to a Chuck E. Cheese somewhere in the world.

Chuck E. Cheese will soon be completing a merger with Leo Holding Corp., a blank check company, sometimes referred to as a Special Purpose Acquisition Corporation - (SPAC) which will allow CEC to become a publicly traded company. Upon the completion of this business combination, the new name will be Chuck E Cheese Brands, Inc. and new symbols will be issued for trading.

Leo issued a press release announcing that it has scheduled the extraordinary general meeting of its shareholders to approve the Business Combination for July 30, 2019. However, I caution investors, until this merger is finalized issues can still arise, and until the deal is done, the deal is not done.

Leo Holding Corp. currently trades as LHC on the New York Stock Exchange as do the stock warrants which trade as LHC.WS.

Soon investors will have another restaurant and entertainment company trading which might represent an attractive opportunity depending upon your personal investment objectives.

My fascination and purpose in writing this article is that Leo Holding Corp. has stock warrants trading which will become stock warrants of the new company which may be of interest to many investors.

Currently in our databases, there are 66 blank check companies trading and with each company there is a stock warrant trading which was issued in the initial offering of the blank check company. All of these 66 companies are seeking merger candidates.

The stock warrants have a life of 5 years from the date of the merger which in effect gives holders of the warrants a 5 year call option and a wonderful opportunity to benefit from the upside performance of the company.

The exercise price of these stock warrants is $11.50 and one warrant buys one common share.

While the deal is not yet completed, the current trading price of the common shares is $10.26 and the stock warrants $1.20.

The stock warrants appear to be an interesting way to participate in the growth of Chuck E. Cheese and at a substantially lower entry price of approximately 90% less than buying the common shares and with great upside leverage possibilities. A win-win situation.

Upon the closing of this transaction, new stock and warrant symbols will be issued.

Company Specifics

About CEC Entertainment, Inc.:

"CEC Entertainment. Inc. ("CEC"), headquartered in Irving, Texas, was originally incorporated under the name ShowBiz Pizza Place, Inc. In 1998, the company changed its name to CEC Entertainment, Inc. Today, CEC is the nationally recognized leader in family dining and entertainment with both its Chuck E. Cheese and Peter Piper Pizza venues.

CEC Entertainment, Inc. is the nationally recognized leader in family dining and entertainment with both its Chuck E. Cheese and Peter Piper Pizza venues. As America's #1 place for birthdays and the place Where A Kid Can Be A Kid®, Chuck E. Cheese's goal is to create positive, lifelong memories for families through fun, play and delicious handmade pizza. With the first-of-its-kind gaming experience, All You Can Play, kids have access to play every game at Chuck E. Cheese, as many times as they want on any day, without any restrictions. Committed to providing a fun, safe environment, Chuck E. Cheese helps protect families through industry-leading programs such as Kid Check®. As a strong advocate for its local communities, Chuck E. Cheese has donated more than $16 million to schools through its fundraising programs and supports its new national charity partner, Boys and Girls Clubs of America. Peter Piper Pizza features dining, entertainment and carryout with a neighborhood pizzeria feel and "pizza made fresh, families made happy" culture. Peter Piper Pizza takes pride in delivering quality food and fun that reconnects family and friends. With a bold design and contemporary layout, an open kitchen revealing much of their handcrafted food preparation, the latest technology and games, and beer and wine for adults, Peter Piper Pizza restaurants appeal to parents and kids alike. As of December 30, 2018, the Company and its franchisees operated a system of 609 Chuck E. Cheese and 141 Peter Piper Pizza venues, with locations in 47 states and 14 foreign countries and territories. For more information, visit chuckecheese.com and peterpiperpizza.com."

About Leo Holdings Corp.:

Leo Holdings Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Annual Guidance

The Company is again reiterating its annual guidance that was referenced in the investor presentation related to the definitive business combination agreement with Leo, which includes the following:

  • Total revenues of $929 million;
  • Comparable venue sales growth of 4.2%;
  • Adjusted EBITDA(1) of $187 million;
  • Four net Peter Piper Pizza openings and 11 net international franchised Chuck E. Cheese openings; and
  • Capital expenditures of $95 million to $105 million.

Second Quarter and Year-to-Date 2019 Sales Results Comparable venue sales increased 0.4% in the second quarter of 2019 and increased 4.5% in the first half of 2019. “We generated our fifth consecutive quarter of comparable venue sales growth due to the positive impact of the All You Can Play game packages and More Tickets initiatives and despite the estimated 1.8% negative impact from the shift of Easter and the corresponding timing of Spring Breaks in the second quarter 2019 versus the first quarter 2018.

Through the first half of 2019, our comparable venue sales growth was an impressive 4.5%,” said Tom Leverton, Chief Executive Officer. “Looking ahead, we are re-affirming the annual guidance that we first laid out in April. Our team is doing a solid job of advancing the Chuck E. Cheese brand through planned initiatives while simultaneously further improving the guest experience. We continue to be pleased with the results of our venue re-imaging project and are on track to complete the targeted 60 venue remodels in the back half of this year.” As of June 30, 2019, the Company’s system-wide portfolio consisted of:

                                                  Chuck E. Cheese’s               Peter Piper Pizza         Total

Total Company operated                         516                                    38                           554
Domestic franchised                                 25                                    61                             86
International franchised                             68                                    42                           110
Total                                                       609                                  141                           750

 

Complete financials can be found on the company’s website.

Investors are encouraged to perform your own due diligence and/or seek the advise of your financial advisor before buying any shares are warrants.

Some Fool Just Sold These Stock Warrants

July 15, 2019
By Dudley Pierce Baker
Founder - Editor
http://CommonStockWarrants.com

I'm going to vent for a moment.......

This morning before the markets opened I saw that stock warrants on one of my favorite companies had an Ask Price of $C0.16 and 75,000 warrants available. Meaning I could have bought 75,000 warrants at C$0.16.

Well I got busy and missed this trade but I am wondering, what fool sold these warrants? Surely not one of my savvy subscribers.

I own a whole bunch of these warrants and while I really don't need to own more, why not, por que no, as I see these warrants selling at substantially higher before they expire in October 6, 2021.

To be specific the stock warrants are on Equinox Gold, TSXV:EQX and EQX.WT
The warrants expire on October 6, 2021 and have an exercise price of C$3.00

I love this story and legendary Ross Beaty now heads up the company as Chairman of the Board and currently owns over 66 million shares and 3 million of these stock warrants.

Gold production is anticipated to be over 200,000 oz by years end and I am looking for the gold market to explode to the upside over the next year or two, probably much sooner. Of course, with higher gold prices for a producer the revenue goes to the bottom line.

Our colleagues at TheTechnicalTraders are very bullish as well and they approach the markets from a technical perspective.

Their last article should be of interest to all investors,

Could Gold Launch Into A Parabolic Upside Rally?    Recently posted on my http://JuniorMiningNews.com website

So back to my point, why would any investor sell the warrants when there appears to be so much upside, in my opinion. Personally, I can see these warrants selling for several dollars, not pennies, C$2, C$5 perhaps more before the warrants expire.

I guess this is what makes markets....

E.B. Tucker with Casey Research, recently referred to Dudley as 'the top expert in the field with over 40 years of experience' with stock warrants.

"I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well."

My Warrant Database:
There are many other exciting opportunities in my stock warrant databases in all industries and sectors, with something for everyone, resources, biotechnology, biopharmaceuticals, cannabis/marijuana and much more.

If you are not a current subscriber, this would be a great time to GET STARTED.

Need more information on warrants, download my FREE book below:

 

Gold Price Signals Next Global Crisis

GOLD PRICE SIGNALS NEXT GLOBAL CRISIS

June 27, 2019

by Egon von Greyerz

Finally it happened although it took 6 long years to break through The Gold Maginot Line at $1,350!

This resistance was a lot stronger than the original French one in WW II since it took the Germans less than a year to penetrate it in 1940.

But we must remember that the rising gold price is a warning signal for the coming economic crisis.

In my article on February 14th I said.

“No one must believe that the line will hold. It is extremely likely to be penetrated conclusively in 2019 and most probably within maximum the next three months.”

It took four months for the break to happen so I was one month out. Still it had to happen. I also said in the article that:

“once it is broken, the correction of gold is finally over and we are on our way to new highs and much beyond.”

So that’s where we are today. The break has now finally taken place and I doubt that we will see $1,350 decisively broken on the downside in my lifetime. The 6 year resistance line has now become an extremely strong support line.

Yes, gold will go quickly to $1,650+ on its way to new highs and far above that. As I have said many times, we will see levels that no one can imagine today.

GOLD RALLY HAS BARELY STARTED

The precious metals rally hasn’t really started yet. Gold has moved up $125 since May 30th but silver is lagging behind with the gold/silver ratio at over 92, a new high for this century. The paper silver shorts are fighting a desperate battle to hold the white metal down. They will eventually fail of course, although we could see the ratio going a bit higher before it turns. Once the turn comes, the silver price will explode and go up more than twice as fast as gold. If the ratio reaches the 30 level as in 2011, silver will go up 3x as fast as gold. When gold reaches $2,000, silver should reach $66. But that is only the beginning. But we must remember that silver is extremely volatile and not for the faint hearted.

Platinum has not yet joined gold and is creeping along the bottom at levels seen in 2004 and 2008. At some point, platinum will take off and most probably move a lot faster than gold.

DOLLAR HAS STARTED ITS JOURNEY TO PERDITION

Finally, the dollar now seems to be starting the journey to zero. It clearly won’t happen overnight but it is guaranteed that we will see the end of the dollar and its reserve currency status in the next few years.

GOLD IS NOT AN INVESTMENT BUT WEALTH PRESERVATION

Many savvy investors are now talking about gold and the potential for much higher prices, just as I have done above. But we must remember that we are not holding gold as an investment but for wealth preservation purposes in order to protect against a rotten financial system, and a bankrupt global economy.

Gold is not held for short term gains but as insurance against the massive risks we see in the system. We are not in gold to take part in a price move. Instead, gold is the consequence of our analysis of global risk which is at an extreme. At the same time as many impatient holders of gold are now rejoicing over the price move, we must remember that the very strong rise of gold that we are about to see, is a warning signal of very difficult times ahead in the world which I have been discussing many times. I obviously don’t want to be a joy killer so let’s enjoy this first proper rally for six years.

THE ILLUSION IS OVER AND THE DARK YEARS ARE HERE

But let us at the same time realise that we are in the next phase going to experience the Dark Years that I have written about in the past.

The Dark Years are the consequence of a world that for decades has lived above its means, in the belief that credit and printed money can bring prosperity. We will soon experience that this has all been an illusion which will painfully turn into a harsh reality. That means, an implosion of debt markets and also of all the bubble assets that have been financed by the debt.

The biggest risk is the $1.5 quadrillion derivatives market which at some point will evaporate in smoke. These derivatives only function in bull markets when there is liquidity in the system. In the coming bear markets, there will be no liquidity and the derivatives bubble will implode as counterparty not only fails but also disappears.There will be no one on the other side of all these derivative trades which have been the most massive money spinner for the bankers. I will later talk about Deutsche Bank as an example of the coming derivatives disaster.

IS VENEZUELA SHOWING THE WAY?

The consequences of the coming financial and economic global cataclysm will clearly have a major impact on human beings around the world. We can just look at Venezuela to understand what happens when a mismanaged country runs out of money and turns to money printing on a massive scale in a futile attempt to remedy its failures. The majority of the Venezuelans have no money, not enough food, water or fuel and no medicines. By the end of 2019, 5 million desperate Venezuelans will have fled the country. That then has repercussions for the surrounding countries Columbia, Peru, Chile etc that has little capacity to help the refugees. This problem will of course be much greater when it becomes global and most countries are in the same situation which means that no one has the capacity to help their neighbour.

FED STATEMENT WAS THE TRIGGER BUT NOT THE CAUSE

So what happens next. Well, there are always catalysts that trigger the inevitable. The recent gold rally wasn’t caused by the Fed statement. It would have happened anyway. The Fed was just the trigger. Gold was poised to rally and there is always a catalyst or an excuse that the media can hang it on.

Markets in the next few months will be extremely volatile. The US stock market is still in its final hurrah stage when any news is good news. Potentially lower rates due to a slowing economy should be very bearish for stocks but not in this final euphoric phase. US stocks as well as global markets are finishing their final moves up before a long term secular bear market starts. The fall could begin in the next few weeks or possibly take as long as 2-3 months. Before the decline is finished, we should see a fall of at least 90%, in real terms, just like in 1929-31.

When the bear market in stocks starts in earnest, investors will initially buy the dips but very soon the sustained bear market will surprise investors and when the crash stage starts, euphoria and optimism will soon turn to dysphoria and extreme pessimism. I have experienced this personally in the early 1970s in the UK when we thought that the downturn would never end.

CENTRAL BANKS WILL SOON PANIC

With the global economy slowing down and the financial system being under pressure, central banks around the world are now all in a rate cutting mode. The Fed is expected to make 4 cuts within the next 12 months and Draghi has just made clear that the ECB is standing ready with the whole gambit of stimulus. He indicated that further rate cuts “remain part of our tools” and also additional asset purchase which means more QE. And Kuroda of the Bank of Japan decided to join the other two money printers and just said “If the economy loses momentum toward achieving our price target, we will of course consider expanding stimulus without hesitation.”

So there we have it, a probable coordinated action by central banks to add further stimulus to an ailing world economy. And we know why, the world economy is slowing down a lot faster than any central banker dares to admit to. They also know of course that the next slowdown will lead to a lot of bad debt becoming worthless debt. Just take the $1.2 trillion corporate junk debt in the US. Or take the Chinese debt that has exploded from $2 trillion to $40t in this century or Italian debt which is 145% of GDP.

Or take the Japanese debt of Yen 1.1 quadrillion which is 235% of GDP and 70% owned by the Japanese government which is the only buyer of new issues. And even at just above 0% interest rates, Japan can’t afford even the interest on the debt without issuing more debt. As I have stated for a while, the Japanese economy will sink into the Pacific together with the Yen. I could go on since there isn’t one country which is in a sound economic position.

IS DEUTSCHE BANK THE SICKEST OF THEM ALL?

Just to give an example of a bankrupt bank and therefore a potential trigger for the next global financial crisis, let’s look at Deutsche Bank – DB. We only need to look at the share price which tells us everything. DB’s share price has lost 94% since 2007. A stock that loses all but 6% of its value is virtually guaranteed to go to ZERO.

It is only a matter of how long it takes. Since DB is one of the biggest banks in the world, a collapse would have implications for the global banking system. DB is just too big to fail. But it is also too big to survive. Especially as it has a sick balance sheet. DB is a global bank and also part of the German establishment. Thus neither the German government, nor the Fed or other central banks will let it fall without a massive rescue effort.

But how can DB survive with a balance sheet that would be the envy of the shrewdest fraudster.

Share capital and reserves are EUR 54 billion which is 1.8% of total assets. So a credit loss of 2% would make the bank insolvent. They will be lucky if credit losses would only reach 20%.

But wait, now we add derivatives at EUR 44 trillion. DB’s net worth only covers 0.1% of the derivatives. So a loss of only 0.1% on the derivatives portfolio is all it would take to bankrupt DB.

Now, like all banks, the DB management will argue that the net derivatives exposure is only a fraction of the EUR 44 trillion. What they are not taking into account is that when counterparty fails, gross exposure remains gross. Thus no netting. Also, as I explained above, when derivatives fail in a bear market there will be no liquidity and no buyers.

And this bank that the board states is worth EUR 54 billion as a going concern is clearly not considered as a going concern by the stock market since the market value is only EUR 13 billion or 23% of the board’s valuation. Hmmm!

DB is one of the worst banks, but when the financial crisis unravels, we will find that most banks are in dire straits. Unlimited money printing is not far away and with that comes hyperinflation and interest rates no longer negative or 0-2% but in the teens or higher.

WHAT WILL TRIGGER THE NEXT GLOBAL CRISIS?

The next crisis for the world is likely to start in the autumn of 2019. It will be a continuation of the 2006-9 crisis which was never solved but just postponed. This time the world is starting with a debt of $240 trillion, over twice the debt level of 2006. And risk is exponentially higher than last time.

The catalyst for the coming cataclysm in the world economy can come from anywhere, like Deutsche Bank, US junk bonds or Japan. Whatever the catalyst is, it will lead to panic in markets with confidence evaporating and fear setting in.

Now is the time to prepare for this. It will soon be too late. Physical gold should be part of everyone’s wealth preservation strategy.

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries.

BOOM – Gold Breaks Above $1300

June 2, 2019
By Dudley Pierce Baker
Common Stock Warrants

On Friday May 31st, Gold screamed above $1300 to close out the month and maintain the gains through the day as we closed at $1305.

We will know more as the markets open Sunday evening and Monday morning as to whether these gains will hold, but for now Gold has put in a very impressive move to the upside.

Precious metals investors know that the fate of their shares and warrants lie with the price of gold and silver going forward. The last several years have been a disaster for these investors, but times may be changing.

Below I present some charts for your review which I have been sharing with my subscribers.

If I can assist you with some investments ideas, whether precious metals companies or stock warrants trading on those company, I would like you to consider joining me immediately.

Gold Daily

Gold Monthly

Silver Weekly

HUI (Gold Bugs Index) Monthly