By Dudley Baker
- Winners and Losers
- Reversal of Friday’s Nightmare in Some Shares
- Gold Market Poised For A Break Out
Winners and Losers
All of us as investors hate to see the violent swings in the resource shares. Get use to it guys, as this is the norm for this sector. At times we are on a great roll and at other times like now, we are being challenged and many investors are leaving the sector and may never return. I really hope that my subscribers are not in this later camp as that is EXACTLY THE WRONG THING TO DO at EXACTLY THE WRONG TIME.
Are you currently making money in these markets? Many of our positions are underwater but our TOP TWO Holdings are within pennies of all time highs. Picking winners is not easy but you could be following us into these winners which we believe will continue to greatly outperform the overall resource shares in the next 18 months.
Subscribers are not limited to picking warrants. Frankly, you may not be interested in warrants but subscribers get to see my entire portfolio which I expect to greatly outperform the markets. Your money – your choice.
Reversal of Friday’s Nightmare in Some Shares
Several companies shares were hammered down on the close last Friday. Supposedly, this had to do with repositioning for those companies entering the GDXJ on June 15. We’re not sure of all the reasons or the explanations but we were delighted to see most of the damage reversed on Monday.
Gold Market Poised For A Break Out
Based on our current views, gold is approaching a break out. While we strongly believe the breakout will be to the upside, we cannot rule out the contrary. Any significant break down in gold and thus silver and shares would be presenting us with even better buying opportunities.
NO ONE ELSE DOES WHAT I DO
NO ONE !!
You remember the saying:
To Make Money, You Have To Buy Low and Sell High
Well, this is probably about as low as we will see prices and it is time to plant some seeds (buy shares) that will produce a bountiful harvest in 18 to 24 months.
We are personally striving for monster gains of 500%, 1,000% or more. This is frequently called a 10 Bagger and this is our goal. Sure, not every position will work out, but on balance, with some good money management and decisions as to what to buy, great gains can and we believe, will be achieved.