The prices of gold and silver have recently been hitting new highs with gold now over $900 an ounce and silver over $16.50 an ounce. Many investors, me included, had been looking for this rally to carry our mining shares to much higher prices. Unfortunately this has not happen and it is only normal to ask why? Virtually none of us have a reasonable explanation for this terrible market sentiment. Are investors fearful of a potential meltdown in the financial markets? Are they fearful of a potentially strengthening in the United States Dollar? Do they not truly believe in the long-term bull market in gold and silver and other commodities? Are they worried about the rising costs for the mining companies? All valid concerns, but we remain confident; the markets will soon be in our favor.
Many investors have become accustomed to online trading and refuse to trade otherwise. It's a fact is that most of the common shares and warrants of the companies involved in the natural resource sector are Canadian companies. To many investors in the United States, they do not know how to purchase the shares and warrants. So, listen up for we will tell you how.
Let me first ask you; are you frustrated with your current brokerage firm because they don't know anything about Canadian mining shares and warrants? They don't think it is such a good idea to own such shares/warrants because they are supposedly too risky (even though you know better)? And, to top it off, they don't know how to go about placing your orders and, as such, refuse to accept your orders?
Ah, to be a Canadian investor who can purchase shares of Canadian companies and their warrants with ease online or through their regular stockbroker.
The opportunities are awesome with Canadian mining shares and warrants but most U.S. investors have not had the resources and knowledge as to how to participate in these exciting investments, until now.
If your U.S. brokerage firm will not execute your orders for the Canadian stocks and warrants you want to buy we would like to suggest you consider doing business with PennTrade.
PennTrade is the online trading division of Pennaluna & Company which has been in business since 1926. They are located in the heart of mining country, Coeur d' Alene, Idaho. The back office and clearing services are performed by National Financial Services.
Commissions are $29.95 per trade with the 10th trade free. Remember, with warrants, we suggest you take a position as an investor and focus on those warrants which have a remaining life of at least 2 years so commissions should not be a major consideration in your buying decision.
Substantially all of the Canadian shares have been assigned a U.S. symbol and approximately 50% of the Canadian warrants trading have been assigned U.S. symbols to facilitate trading in the U.S. The remainder requires calling the broker to place the order using the cusip number. This has never been an issue for me at my current brokerage firm and I will continue to maintain my account with them, but, I have opened an account at PennTrade and will do my online warrant trading with them.
PennTrade will also allow you to open an account with slightly more information from you. Please see their website for details.
For us here at PreciousMetalsWarrants.com ("The Authority on Warrants")
Our challenge has previously been two-fold:
1. To furnish knowledge and information on warrants
2. To assist U.S. investors in trading warrants
We now have a free Learning Center to assist with educating the investment community regarding the incredible opportunities that warrants can provide. In addition, for our subscribers, we strive to furnish the best database for the warrants with the most detailed of information and leverage calculations for your convenience.
And now we make it easy for U.S. investors to purchase Canadian shares and warrants by suggesting they open an account at PennTrade to facilitate their online trading of all Canadian shares and warrants.
Now, it is up to you!
We will continue to strive to improve our website and information which we furnish to investors but you must make the decision and execute the trades to make it happen.
For those readers desiring more information on warrants visit www.PreciousMetalsWarrants.com where you will find much more information and education on warrants in our new Learning Center and you can signup for our Free weekly email, The Warrant Report.
We will be conducting a workshop on warrants in Phoenix, Arizona at the Cambridge House Resource Investment Conference on February 9 and 10 and invite you to attend.