The Warrant Report
Gold Going to $3,500, $4,500, etc. – Who’s Right?
All of us enjoy fantasying about the future price of gold and of course the potential mania market for all resource shares. There are many differing views and we ask, who’s right?
When we think of higher gold prices we cannot help but think first as to what the time frame will be for such a move/top? If you have a time frame, as do we, of Jan/Feb 2014 and gold is hitting the price targets, now we have something to think about. If you are looking for $10,000 gold, you will never see it as the time window has expired.
Time and Price will come together at some point and we must be open to differing possibilities and prepared to make some good investment decisions as to when to be selling into the strength.
So, whether we see gold at $3,500, $4,500 or more, the timing of that future event will be of greater significance than the price itself. Remember, the song by Kenny Rogers, ‘you gotta know when to hold’em, know when to fold’em’. This all sounds easy but in real time the decision to sell into a monster rally will be difficult for most investors. So, make a plan in advance of layering yourself out of your positions but maintaining a 20% holding until, ‘the bitter end’.
Recent articles of interest:
Gold – $3,500
Goldrunner: Fractal Gold Analysis Say Gold on Way to $3,500 by Mid-Year
Gold – $4,500
Alf Field: As Predicted Gold Has Retested $1685! Could Drop to $1650 Before Continuing Move to $4,500.
We find all these articles of interest and are firm believers in this on-going bull market even though it may not always seem like a bull market for resource shares. Don’t allow the markets to shake you out. Stay firm, out day(s) are coming.
Why Pennaluna/PennTrade Is My Brokerage Firm
With the recent discussions (see below/Bullet Proof Your Shares) of the risk of having your shares held by your broker we wanted to share with you why we are more than comfortable with our current ‘go-to’ brokerage firm, Pennaluna & Company based in Coeur d’Alene, Idaho.
Ron Nicklas, President of Pennaluna/PennTrade has allowed us to share with you the details on Pennaluna/Penntrade and the issue of Safety of Accounts.
In full disclosure, they are paid subscribers to our service and we are not being compensated in any way for distributing this information, just providing a valuable service for our worldwide followers.
Pennaluna is a full service broker, been in business since 1926, is privately owned and discourages margin accounts. We understand Pennaluna current has only a handful of customers with margin accounts.
PennTrade is the online division of Pennaluna which is what we use and there are zero margins accounts with PennTrade.
All clearing operations are handled by National Financial Services (NFS), a Fidelity company.
With safety of our accounts as a #1 priority, we feel very comfortable with PennTrade. Commissions are a flat $29.95 per trade with the 10th trade free. A great positive for our subscribers is you can purchase all of the U.S. stocks as well as the Canadian stocks and warrants, online, which makes life easy.
We encourage you to read the entire Safety of Accounts with their take on the financial situation and risk issues, informative as well as entertaining.
It is your money, so please perform your own research and due diligence.
Who Really Owns Your Shares
Much has been written lately about the risk of your shares being held by your brokerage firm. In light of the current economic situation and risk in the global economy it is time for you to know the facts.
What if your brokerage firm goes under?
What happens to your shares?
“If every broker collapsed tomorrow due to waves of bankruptcies,
these ownership methods will protect you 100%. You will be able
to sleep safe and sound at night, knowing your shares are carrying
zero counter party risk.”
…”But the question remains — How can we safely invest in gold and silver mining shares and avoid the collapse bought on by The Coming Broker Dealer Crisis?”
We encourage you to visit this link and listen to David Morgan, Silver-Investor, Tekoa Da Silva, BullMarketThinking, Jeff Berwick, TheDollarVigilante, Steve Saville, TheSpeculativeInvestor and others express their views on this very important subject.
This link is a marketing page with lots of information but if you want to order now just scroll down to the bottom of their marketing page.
This Special Report is being made available for your information and we highly recommend you purchase this for you and your family, Regular Price is only $44.95. Perhaps the best $44.95 you will ever spend.
Sample of Current Open Positions
Sample of Closed Positions
….”Get yourself positioned to take advantage of this once in a lifetime ride.”
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For current subscribers we greatly appreciate your business and trust you are taking advantage of your subscription to our services and getting in position to grab some outrageous gains in the coming 24 months.
Dudley Pierce Baker – Owner/Editor – Guadalajara/Ajijic, Mexico
Bruce Ross – Webmaster and Administrative Assistant – Phoenix, USA
Jeff Baker – Assistant Editor and Administrative Assistant, El Paso, USA