Prins – Rogue Warrant Trader – FedNow
by durangorandy | June 21, 2023 8:59 pm
Anyone have insight on Nomi Prins[1] webcast this evening on The Closing Dollar Window. Spreading fear about the coming Fed digital dollar (which we have been hearing alot about recently) and the move into hard assets like gold[2]. She is talking about buying warrants[3] into a small compnay that is sitting on millions of dollars of gold.
Endnotes:
- Nomi Prins: https://www.stockgumshoe.com/tag/nomi-prins/
- gold: https://www.stockgumshoe.com/tag/gold/
- warrants: https://www.stockgumshoe.com/tag/warrants/
Source URL: https://www.stockgumshoe.com/2023/06/microblog-prins-rogue-warrant-trader-fednow/
Rogue Strategic Trader – and I did see another short thread from August on this newsletter service
Have a link with the tease or additional info?
https://click.exct.rogueeconomics.com/?qs=d1de37aac7c53248fbe0344c11c2b9222d1a34219637b1f6c448817caa81981969cf98a739f470cdd71079ed3663cfa9b052fcf0c7344ac7
Is anyone trading the warrants she teases?
Results?
I don’t think anyone yet knows /mentioned the warrant she recommends. She states that Warren Buffets has bought it, but all I found was that Buffett had no investments in gold.
How accurate is her end of July Dollar D-Day?
I’ve seen this visiciosly promoted / teased by some of the extreme talk show hosts and newletter promoters. In the context of public reaction, I would think taking the dollars away would fall into a similar catagory as taking guns away. People from the right, left and middle would reacting.
For another view on Dollar D-Day listen to what Dave Ramsey is saying. https://m.youtube.com/watch?v=PHqltKWi0xU I hope he is correct….
Considering Dave’s conservative leanings, at first glance anyways, I believe his insights take some of the wind out of Nomi’s doomsday sails.
Very few of her recommended warrants have been profitable.
Nomi recommends USGOLD warrants but they are already well above her buy up to price.
USGO fits the company profile somewhat but their warrants have never traded for pennies as the video touted. In a follow-up email to the video watchers she specificly said 20 cents. The only gold stock warrant near that price i can find was the ARIS.TO A wt. However ARIS doesn’t fit the company she described?????
For another view on Dollar D-Day listen to what Dave Ramsey is saying. https://m.youtube.com/watch?v=PHqltKWi0xU
I hope he is correct.
I’m afraid I agree with some of the comments under that presentation – Dave clearly doesn’t understand what the digital dollar really means. He seems to think it’s just like what we already do – online banking etc. When it’s more akin to a crypto-like Fedcoin, with its own digital wallet. As for his disbelief that the US would eliminate hard paper cash because it would be just too hard, well the infrastructure to make that happen is already well in development.
I was surprised to hear Dave brush it off so lightly. If Nomi has her facts stated correctly, I believe they need to be put under the light of full disclosure by more than just newsletter sales people. About a year ago Jeff Brown outlined his understanding of this coming change to our economic system. Like Nomi, he did his best to stay objective. Since then others have gone to what I consider the extreme in weaponizing the subject to attack and polarize. Staying in the objective side of the arena I believe the majority of citizens would be very interested in what’s in the fry pan.
Dave sounds like a typical “apologist” bending to the FED propaganda wind!! Saying “they haven’t said they are going to do” … anything… is like saying “we have seen no evidence” of…anything!!
Just because they “haven’t said” …anything… doesn’t mean they won’t!!
I listened to the presentation and here are the clues:
– they’re a tiny company sitting on 7m oz of gold worth nearly $15bn – more than 40 times its market cap.
– They’re also really big in copper and could survive on this activity alone
– price of their warrants – less than 20 cents – is 98 times cheaper than their stock at the price it closed at ‘just the other day’
– the company is located ‘right here in North America’. (Note: I think this is a big clue and that it probably means the company is Canadian, otherwise Nomi would have said ‘right here in America’)
– No analysts or trading firm are currently covering it – ‘it doesn’t exist as far as Wall St is concerned’… BUT
– it’s on the radar of Morgan Stanley, Blackrock, Goldman Sachs. The latter bought over $60,000 worth of shares.
– the CEO is ‘a legend in the mining industry’ and owns a good chunk of the company. He pays himself a $1 salary. He built one of the world’s biggest gold mining companies into a ‘$10bn pot of gold’
Over to the sleuths! I’ve tested a few theories but nothing conclusive as yet.
Could it possibly be GROY warrants? I did a little searching and found GROY.WS at $0.19.