Gold crash. 7 year market collapse coming?Looks like gold will soon test $1000 and quite possibly $900-$980. Not good for CNL, all gold stocks and more so junior exploration stocks of which there are more than 500 on the TSX-Venture. I am simply amazed that a bankrupt nation like the US can engineer a financial recovery, pump up their currency and devalue gold. I suppose it is better than the alternative where the US crashes and we go through a longer/rougher recession than 2008. On that note... we should all be mindful of the 7 year collapse cycle which suggests Sept/Oct 2015 will be the kickoff point. The market is currently frothy and you can just feel the nervousness that will cause knee jerk reactions magnified by electronic trading that is increasing volatility. I always trade by gut and right now it looks awefully precarious. As for CNL... where is the permit news? I have said several times that there is an election in Colombia in October, and things could be delayed. But CNL should say something!! Right? I think the news will be met with a yawn as we haven't seen the bottoming of gold prices, so people will likely?? steer clear. If you think this is the time to speculate on CNL, may the force be with you. If you think this is the time to avoid getting sliced by a falling knife, may the gold manipulators get their work done quickly so you can jump back in. If you are not sure either, sell/buy half is usually the ticket.
COLLAPSE CYCLE
1966: Stock market collapse, Vietnam War, protests
1973: Oil embargo (Oct), Yom Kippur war, Stocks collapse, recession
1980: Inflation, Iran-Iraq war, Silver panic, Stocks crash, recession
1987: Black Monday (Oct.), largest single-day crash ever
1994: Bond collapse, DJIA bear market, war
2001: Stock market crash, 911 (Sept.), recession
2008: Stock market collapse 9/29 (Sept.), recession
2015: