Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gold Stocks Bargains Galore...

Commodities / Gold & Silver Stocks Oct 14, 2011 - 11:44 AM GMT

By: Dudley_Baker

Commodities

Best Financial Markets Analysis Article...at the 5¢ & 10¢ Store: TSX

I'm sure many of our readers remember the 5¢ and 10¢ stores of the past. What a treat as a kid to browse through the merchandise looking for the chance to purchase some of our favorite items literally for pennies. Well, guess what? The 5¢ and 10¢ store is back and this time it is packed with many incredible values for us big boys and girls.


This time the 5¢ and 10¢ store is the Toronto Exchange as well as the Venture Exchange.

These exchanges are home to the Canadian resource companies and many are now selling at bargain basement prices.

Yes 5¢ and 10¢ a share is not an exaggeration for many of these resource companies and some with good properties and management.

Simply put, if you want to make money in the markets, you must buy low and sell high. Sounds very easy but at times like these many investors are afraid to step into the resource sector much less think of buying the penny stocks.

Investors have experienced substantial losses in their portfolios due to the recent market fears.

But, we continue to remind ourselves, subscribers and all readers interested in the natural resource sector, that the big picture has not changed.

All the reasons and arguments for these long term investments are as sound today, if not more so. Corrections will come and yes, they will go, leading us to another great rally. But obviously that day has not yet arrived. Patience and focus is essential for all of us at this time.

As we have said before and will continue saying, 'keep your eyes on the prize'. The prize by our definition is the high probability of a strong market for resource shares starting soon and the possibility of the beginning of the long awaited mania phase of the bull market for the resource sector.

Those of us following the mining shares, particularly the juniors and small exploration companies, are well aware of the carnage over the last few months. Many of the shares are down 70%, 80% or even 90% in value. Some shares that were trading for a $1 or more are now available at the 5¢ and 10¢ store.

We continue to believe there is a high probability that gold will drift back below $1500, at least briefly, before this current consolidation is complete in the coming weeks. So perhaps it is not yet time to back up the truck. But, it is surely time to be preparing your wish list of companies to buy and perhaps place some stink bids on those shares.

Get ready for the bottom which could come very soon.

Patience and cash is now your best friend.

We present you with this chart on the TSX Venture. Hardly a pretty chart at this point in time but look to the future when we anticipate selling our shares and warrants for dollars while currently buying them at the 5¢ and 10¢ store.

$CDNX (S&P/TSX Venture)

We continue to stress our view that this correction is within the framework of the long-term bull market and is giving investors a great once in a lifetime buying opportunity.

For those readers unfamiliar with our services we provide:

1. An online database for all warrants trading on the natural resource companies in the
    United States and Canada. Our database is the most comprehensive database that
    you will find.
2. In addition for our Gold Subscribers we provide:
    A. "A Look Over My Shoulder" - This is my entire personal portfolio and I provide an
         audio update each Thursday evening and emails as I buy or sell securities or
         warrants. Each subscriber can decide whether to follow me but this is your
         decision and we suggest that subscribers do their own due diligence before
         buying any securities.
   B. Insiders Trading Data:
       We track the insider trading on the Canadian Securities and issue BUY and SELL
       Alerts as we deem necessary. We have a great track record of approximately
       100% gains on all closed trades.

We encourage all readers to sign up for our free weekly email.

Dudley Pierce Baker
Guadalajara/Ajijic, Mexico
Email: support@preciousmetalswarrants.com
Website: PreciousMetalsWarrants
Website: InsidersInsights

Dudley Pierce Baker is the owner and editor of Precious Metals Warrants and Insiders Insights. Articles are written by Dudley Baker along with contributing editors, Arnold Bock of Mendoza, Argentina and Lorimer Wilson of Toronto, Canada. PreciousMetalsWarrants provides an online subscription database for all warrants trading on junior mining and natural resource companies in the United States and Canada and a free weekly newsletter. InsidersInsights alerts subscribers when corporate insiders of a limited number of junior mining and natural resource companies are buying and selling.

Disclaimer/Disclosure Statement:PreciousMetalsWarrants.com is not an investment advisor and any reference to specific securities does not constitute a recommendation thereof. The opinions expressed herein are the express personal opinions of Dudley Baker. Neither the information, nor the opinions expressed should be construed as a solicitation to buy any securities mentioned in this Service. Examples given are only intended to make investors aware of the potential rewards of investing in Warrants. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions involving stocks or Warrants.

Dudley Pierce Baker Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in