GREY:CGOOF - Post by User
Post by
Masterbuilderon Aug 06, 2015 3:15pm
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Post# 23995465
Magic carpet riders... bad weather looming.
Magic carpet riders... bad weather looming.If you have been following my posts I have been saying that CNL is a great trading stock and only a speculative investment because they burn cash, produce nothing and will need $500M to build a mine in the jungles of Antioquia.
Looking through the posts, I can see that many of you are magic carpet riders hoping to get to a destination of your dreams. With a sense of humour (and tongue in cheek)... I must remind you that magic carpets and a genie in a bottle and are stories from the 18th century. Aladdin did however get stuck in a mine and thanks to his magic ring, and the genie in an oil lamp, he got out of the mine. I have no such ring.
Moving on...I pointed out several posts ago that Colombia is unable to enforce rules about secrecy and that it is not free of corruption, and CNL will likely spike unexpectedly (which it did!!!!! recently) for no reason. So the stock was halted. Surely you are not asleep at the switch and can see what is going on here. So, I have been saying... trade this thing and you'll be fine. The chart proves my point..
CNL cannot be assessed without assumptions on gold prices. I HAVE NOT SEEN ONE SINGLE ANALYST MODEL GOLD AT $800 for 2016 and onward. But then again I haven't seen every report. CNL could??? very well be dealing with a gold environment at that level or lower in 2017/18.
This is why my rationale to own CNL long is not appealing to me.
I have been banging the table that gold prices will keep dropping and that the chief architects of price setting is Goldman Sachs. In 2013, Currie at Goldman told people to sell gold and look where we are. He is now is forecasting gold to fall under $1,000. ABN Ambro is forecasting gold at $800 by the end of 2016.
Gentlemen. You can trade this thing and make 20%-30% time after time due to volatility. You never even need to short sell. Just buy the dips and sell the run-ups. There is a fantastic and logical opportunity here.
To the magic carpet riders... hang on to your hats.