CYPER MONDAY SPECIAL

In the spirit of the day, I have decided to have a special discount on my services which will allow new customers the opportunity to see what I have offered for over 14 years.

Upon signing up, enter the coupon code     gold     to receive a 50% DISCOUNT off of either my Silver or Gold Subscription.

DOES NOT APPLY TO MY LIFETIME SERVICE WHICH IS ALREADY A BARGAIN AT $2,500.

My stock warrants database is a one of a kind, sortable by expiry date of warrants, name of company, symbol and much more.

Included are all stock warrants trading in the United States and Canada, including all industries and sectors.

If not familiar with stock warrants download for free from my website,

“The Stock Warrant Handbook, Your Personal Guide To Trading Stock Warrants”.

THIS OFFER WILL EXPIRE AT 12 NOON ON TUESDAY, DECEMBER 3RD.

Dudley Pierce Baker
Founder - Editor
CommonStockWarrants.com

Why Warrants Are The Worst Of Wagers

Why warrants are the worst of wagers

 

 

First a note from Dudley Pierce Baker, Founder-Editor of Common Stock Warrants.
The title of Mickey’s article caught my attention and at first I was greatly upset. But Mickey, a geologist, is focusing on warrants issued in connection with private placements and I can agree with many of Mickey’s comments. With stock warrants, like options, or LEAPS, it is all about the underlying company. If a company does not execute on its plans or the markets do not cooperate, it is impossible for these financial instruments to increase in value. Here is Mickey’s closing comments on his article (below).

“….I will still consider a financing that features warrants but it must be a compelling story with a group of strategic investors who are demonstrably committed to the company and an orderly market that responds positively to exploration success.

 Otherwise, for any story I like, I can purchase free-trading shares on the open market.”

A warrant is a common financial instrument designed to entice speculators’ participation in a company’s private placement. It grants the participant a fixed price option to acquire another share in the company at a future date. Private placement units commonly consist of a share and a half or full warrant with a one- to a five-year expiration date.I opine that a warrant is a financial instrument that in the vast majority of cases has zero value. There are some obvious reasons why this is true and I detail them in the missive below.But first, I present my own anecdotal evidence:From 2013 to the present, I participated in 35 junior resource company private placements; 23 included an attached warrant. Five were private startups and five were shells, reverse takeovers, or spin-outs that came without a warrant. Two of the placements that had no warrant were secondary financings for an RTO and a spinco, and both were priced at significant discount to the market.Folks, here’s the sad truth about these 23 warrant speculations:

  • Thirteen have expired out-of-the-money.
  • Four were out-of-the-money but at my request (or insistence) prior to expiry, have been extended for another year.
  • Another two are currently out-of-the-money but have not yet expired.
  • Four were in-the-money and were exercised.

So with hope and perhaps a prayer (if you are religious), the jury is still out on six warrants.

That said, of the 17 warrants that are said and done, only four were exercised and sold at a profit; that’s less than 25% winners!

Rest assured that I am not alone in my recent history of junior resource speculations. In several discussions with other professional speculators, we reached a general consensus that only one in every four or five warrants are in-the-money and exercised prior to expiry.

So let’s explore some reasons for this abysmal record. Certainly, macroeconomic factors have been important:

  • Gold peaked in Q3 of 2011, maintained a robust price thru late 2012, went into a severe decline from early 2013 until early 2016, and then was relatively flat from mid-2016 until mid-May of this year. Its bull market run is currently of less than five months duration.
    • Junior resource stocks peaked in Q1 of 2011, declined in a bear market thru Q1 of 2016, and broadly mimicked the gold price until mid-Q2 2019. Despite a 17% gain in gold since mid-May, the bad market for juniors is unabated with the TSXV Index hitting a year-to-date low at Friday’s close.

That said, the price of gold and the performance of the junior stock market are merely a part of this story.

I submit there is a fundamental flaw in the standard equity financing model and structure that demands private placement units include a share and a warrant. My reasoning is outlined below:

  • Many institutional investors, funds, and brokers take positions in a private placement with plans to sell into the market once the four-month hold is over and there is sufficiently liquidity to off their entire positions.
  • Their purpose is to shed all risk by breaking even on the shares and retain the warrants as a call on the company’s future upside.
  • These stock dumps often cause a company’s share price to spike once free-trading begins then crater when the generated liquidity dries up.
  • Warrants that remain out-of-the-money serve as an overhang on the stock and become strong resistance to a higher share price, particularly when expiration dates are near-term.
  • This resistance often begets another equity placement priced below the existing warrant strike price.
  • In a bear market, warrant overhangs can lead to a series of dilutive private placements at lower and lower prices and to the detriment of the company’s committed, early-stage shareholders.
  • Some warrants are free-trading upon exercise and some have a four-month hold restriction. According to a trusted broker, this determination is made by the lawyers that the company chooses to retain.
  • Moreover, if you are an American resident, the new stock certificate comes burdened with a US-restricted legend that requires clearance before the stock can be sold. It is a legal, regulatory, and bureaucratic process that involves the company, a broker, a lawyer, and a transfer agent; fees of up to $500 are billed to the shareholder.
  • The legend removal process results in an additional hold period of four to six weeks (or more) before the stock can be sold and its exercise cost recouped.

Folks, the gist is this: Private placement warrants seldom reward speculators with the opportunity they envision. Moreover, unexercised warrants often present a significant hindrance to a junior company’s share price, share structure, and future financial fortunes. .

At this juncture, I am only interested in early-stage financial opportunities in properly-constructed private startups, clean shell companies with well-constructed structures, and/or reverse takeovers of the above.

I assume significant risk with a five-plus month trading hold on every private placement. For the reasons outlined above, I do not want a warrant attached on the term sheet. If you really want to attract my hard-earned American dollars, I strongly suggest financing at significant discount to the market price.

To wit: Warrants are often the worst of wanton and wasted wagers and seldom have future value.

I will still consider a financing that features warrants but it must be a compelling story with a group of strategic investors who are demonstrably committed to the company and an orderly market that responds positively to exploration success.

Otherwise, for any story I like, I can purchase free-trading shares on the open market.

Ciao for now,

By Mickey Fulp Contributing to kitco.com

The US Economy: All Roads Lead To Gold


 

Stewart Thomson
email: stewart@gracelandupdates.com
email: stewart@gracelandjuniors.com
email: admin@guswinger.com

Nov 19, 2019

  1. Top US politicians describe the US economy as the “mightiest of all time”.
  2. Please click here now . Houston, we have a problem! The next tariff tax deadline is now only about three weeks away.
  3. While Trump’s diehard fans may want him to hike these taxes again if China doesn’t “play ball”, massive FOREX liquidity flows suggest that the world’s biggest money managers are becoming extremely concerned about the level of risk in the US economy.
  4. Please click here now . Double-click to enlarge. American GDP growth has literally incinerated (from what I predicted would be a 5% peak as the tariff taxes were launched), and this dollar versus yen chart shows a massive bear wedge pattern in play.
  5. That bear wedge is ominous. It suggests giant bank FOREX traders believe something is about to go badly wrong with the US economy… more wrong than the horrific sub 1% GDP growth in play now!
  6. Trump’s initial platform of tax cuts, law and order, and deregulation was awesome. It created surging markets (both gold and stocks), a positive vibe for citizens, and solid GDP growth.
  7. That platform has been replaced with macabre QE and negative rates worship, turning a blind eye to a skyrocketing deficit, and a crazed attempt to boost growth with tariff taxes… and it’s all happening as the world de-dollarizes at an ever-faster rate.
  8. Stagflation is emerging, and some economists are forecasting that in 2020 corporate earnings and revenue growth will both come in at the sub 3% marker. Debt would surge in that scenario.
  9. While the economy wallows in a tariff tax and debt quagmire, stock market investors have been repeatedly saved by the Fed.
  10. Top earners pay 50% capital gains tax, which arguably makes the government the main beneficiary of upside stock market action. This is, quite frankly, insane.
  11. The alternative, a democrat administration, would be even worse news for most people with stakes in America.
  12. It’s unknown how Jay Powell would respond to a fresh hike in tariffs in December. He might cut rates and do more “QE that is not QE”, but what if he doesn’t?
  13. Please click here now . Double-click to enlarge. The bottom line is that it doesn’t look good for America and most of the West, and that’s why there’s a massive launch pad pattern in play on the weekly gold chart.
  14. I’ve dubbed that pattern as “Michelangelo”, because it’s so enormous and technically aesthetic.
  15. My base scenario for 2020 is that the US economy muddles along, Trump doesn’t launch any more significant tariff taxes, and the Fed is likely to step in and keep the stock market boats afloat if they start sinking again.
  16. My base scenario sees gold and related items again outperform all other major asset classes in 2020, but with the bull wedge pattern on the weekly chart becoming more of a gentle reactive drift.

  17. I give that scenario 70% odds, leaving a 30% chance that in three weeks Trump hikes tariffs, Powell does nothing, the stock market crashes, and gold stages a vertical blast towards $1900.
  18. In that more dire scenario, there would be a breakout from the bull wedge, and gold would stun most investors with the intensity of its upside price action.
  19. Whichever scenario prevails, gold and related assets are the most important place to be invested, for maximum upside action.
  20. Please click here now . Double-click to enlarge. In the short-term, I’m looking for gold to stage a double bottoming event, and that could mark the end of the current reaction.
  21. What happens with tariff taxes in the next three weeks will likely determine whether gold moves down to significant support at $1397 and bottoms there, or bottoms at current $1465 support.
  22. A move above $1566 for bullion is probably the biggest game changer for gold and silver stocks since the 1970s. It turns many miners into cash cows and probably unleashes a frenzy of stock buybacks and takeovers.
  23. Please click here now . Double-click to enlarge. The weekly gold bullion chart is aesthetic, but so is this short-term GDX chart. A bull wedge pattern is in play and a breakout seems imminent. The reaction has been orderly, and now there’s a buy signal in play on my 14,7,7 series Stochastics oscillator.
  24. Please click here now . Double-click to enlarge. A breakout from the bull wedge on the GDX daily chart likely drives a breakout over $30 on the weekly chart. That opens the door to a mighty surge into my $52 target zone!

Thanks!

Cheers
st

Nov 19, 2019
Stewart Thomson
Graceland Updates
website: www.gracelandupdates.com
email for questions: stewart@gracelandupdates.com
email to request the free reports: freereports@gracelandupdates.com

Global Endgame Has Started, Gold Rush In The Making

GLOBAL ENDGAME HAS STARTED, GOLD RUSH IN THE MAKING. EGON VON GREYERZ TALKS TO RONALD STÖFERLE

November 18, 2019
by Egon von Greyerz

 

 

 

Ronald Stöferle of Incrementum & the “In Gold We Trust” report and Egon of Matterhorn Asset Management, discuss at the Precious Metals Summit in Munich, Germany, the massive risks of the world’s financial system.

The two precious metal experts, share their view about how to deal with the profound downside threats and its implications for the global economy, further:

  • Global financial risks have never been greater
  • How to analyse and understand the very severe  downside prospects we face
  • Endgame started with dire implications for stocks, real estate, debts and politics
  • Gold 7th sense of the financial markets, sniffed out early recessionary and inflationary warnings in the recent up move
  • Central banks panic mode statements hint at the rotten nature of the world’s financial system
  • Central banks are on a gold buying spree to prepare for a new currency system
  • European banks are totally bankrupthelicopter money and MMT are guaranteed
  • First innings of a bond market implosion, skyrocketing interest rates and inflation to follow
  • Negative bond yields result in guaranteed losses. Liabilities will never be repaid
  • Huge rush into Gold about to start, as it hits the front pages
  • Financial and psychological preparations are absolutely key
GLOBAL ENDGAME HAS STARTED, GOLD RUSH IN THE MAKING. EGON VON GREYERZ TALKS TO RONALD STÖFERLE

 

 

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.

What’s Coming In Q4 – Adam (Fundamentalist) & Chris (Chartist) Explain

October 17, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

WHAT’S COMING IN Q4 – ADAM (FUNDAMENTALIST) & CHRIS (CHARTIST) EXPLAIN

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

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.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

I Mentioned This Before, And You Need To Know – Take It Or Leave It!

October 17, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

I Mentioned This Before, And You Need To Know - Take It Or Leave It!

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

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.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

GLOBAL WARNING

GLOBAL WARNING

October 17, 2019

by Egon von Greyerz

“Sic Transit Gloria Mundi” (Thus passes the glory of the world). This phrase was used at the papal coronations between the early 1400s and 1963. It was meant to indicate the transitory or ephemeral nature of life and cycles.

As we are now facing the end of a major economic, political and cultural cycle, the world is likely to experience a dramatic change which very few are prepared for. Interestingly, the peak of economic cycles often coincide with the peaks in climate cycles. At the height of the Roman Empire, which was when Christ was born, the climate in Rome was tropical. Then the earth got cooler until the Viking era which coincided with the dark ages.

THE PROBLEM IS “THE ECONOMY STUPID” AND NOT THE CLIMATE

Yes, of course global warming has taken place recently as the effect of climate cycles. But the cycle has just peaked again which means that all the global warming activists will gradually cool down with the falling temperatures in the next few decades. The sun and the planets determine climate cycles and temperatures, like they have for many millions of years, and not human beings.

The climate activists are spending their efforts on the wrong issue. The big disaster looming for the world is not climate change but “the economy stupid” (phrase coined by Clinton).

So let’s instead look at the real coming disaster that the world needs to focus on and a number of facts that are self-evident even though very few are aware of them.

Instead of worrying about global warming, which we humans cannot effect, we should instead issue a GLOBAL WARNING about the coming economic cataclysm so that the world can be prepared for the extremely serious problems that will hit us all in the next few years.

Below I outline a potential scenario for the next 5-10 years:

  • BIGGEST ECONOMIC DISASTER IN HISTORY
    The world is heading for an economic disaster of a magnitude that is much greater than the 1930s depression. There is really nothing to compare with in history since the world has never been in a similar situation before when every single major economy is at risk.
  • GLOBAL DEBT WILL KILL THE WORLD ECONOMY
    Never before in history have all major countries lived above their means for such an extended period. And never before has global debt been almost 4X global GDP.
  • $2 QUADRILLION DEBT AND LIABILITIES
    In addition, unfunded liabilities, like medical care and pensions, are at least $300 trillion globally. If we add gross derivatives of $1.5 quadrillion, which are likely to turn into real debt as counterparties fail, the total debt and liabilities are above $2 quadrillion.
  • DEBT AT 30X GLOBAL GDP CAN NEVER BE REPAID
    $2 quadrillion is almost 30X global GDP. Who is going to repay this debt? Certainly not the current generation which has incurred most of it. And certainly not future generations which will neither have the means, nor the inclination to pay for the sins of the previous generation.
  • DEBT IS GROWING AT AN EVER FASTER RATE
    Most major economies are continuing to spend money they haven’t got and thus to print money and expand credit at an ever faster rate. The US for example has increased debt by $800 billion since June. As the US economy falters, annual deficits of $1-2 trillion will increase manifold in the coming years. And when the banking system comes under pressure, which is happening right now, money printing will accelerate at an ever faster pace. As the global economy falters, most major countries will see deficits and debts rising quickly.
  • NEGATIVE RATES – A RECIPE FOR DISASTER
    Negative rates are a disaster for the world. Over $17 trillion debt now carries negative interest. Firstly, it kills the incentive to save. A fundamental economic principle is that savings equal investments. The world cannot grow soundly with investments financed solely by debt or printed money. With no savings, most banks do not have funds to lend to businesses. Thus investments will slow down dramatically. Negative rates also lead to investors chasing ever riskier investments to get a higher return. Also, pension funds will not achieve adequate returns to cover outstanding liabilities.
  • DEBT AND ALL BUBBLE ASSETS LIKE STOCKS AND PROPERTY WILL IMPLODE
    Like the climate virtually all asset classes are overheated. The bubbles that the credit expansion has created will implode in the next few years together with the debt that created the bubbles. Central banks around the world will make a desperate attempt to save the world economy by printing unlimited amounts of money.
  • ALL CURRENCIES WILL GO TO ZERO – DEFLATION WILL FOLLOW HYPERINFLATION
    As money printing accelerates, paper money will become worthless and a depressionary hyperinflation will hit the world. Hyperinflationary periods on average last for around 1-3 years and are followed by a deflationary implosion of all asset values in real terms. At that point substantial parts of the financial system will cease to function properly or go bankrupt.
  • GOVERNMENTS WILL LOSE CONTROL
    Before new financial and political systems emerge, there will be social upheaval and unrest. Criminality will be widespread as desperate and hungry people will do what they can to feed themselves and their children. In many countries, immigrants will be blamed for the misery of the people. Right and left wing radicals will fight immigrants. There are likely to be periods of anarchy as governments lose control. I do not believe that an elite will control the world at that point. The disorderly unwinding of asset bubbles and the world economy will be uncontrollable.

GLOBAL MARKETS ON THE CUSP OF CRASHING

The above scenario could start at any time. In many respects it has already started. The world will only be aware of the next phase when global markets start the first severe phase of the coming secular downtrend. We could see this already in October which is a notorious crash month. Or it could start as late as in early 2020. We will also start to see increased pressures in the financial system including problems in many European banks as well as US banks.

Once bubbles burst, the course of events could be very rapid. The above scenario could all happen over a few years and probably not more than five. This doesn’t mean that the economy will start recovering rapidly in five year’s time. It just means that markets and the worst problems reach a bottom. But after that the world will crawl along that bottom for many, many years.

There is no absolute protection against this scenario since it will hit all aspects of life and virtually all people. Obviously, people living off the land in remote areas will suffer less whilst people in industrial and urban areas will suffer considerably.

The best financial protection is without hesitation physical gold and some silver. These metals are critical life insurance. But there are clearly many other important areas of protection to plan for. A circle of friends and family is absolutely essential.

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.

Metals Are Following Downside Selloff Prediction Before The Next Rally

October 15, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Metals Are Following Downside Selloff Prediction Before The Next Rally

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

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.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

Lots Of Upside Ahead For The Metals And Miners

October 11, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Lots Of Upside Ahead For The Metals And Miners

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

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.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

Gold Gifts Traders With Another Rotation Below $1500

October 11, 2019
Chris Vermeulen
TheTechnicalTraders.com

 

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Gold Gifts Traders With Another Rotation Below $1500

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

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.”

A few examples for you to see the power and leverage of using stock warrants.

Stock Warrants – Power Point Presentation

 

 

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News