Thanks Richard and I'm glad you are experiencing the gain here. That crystal ball is often defective, I'm afraid.
With regard to gold, it's just suffered at the hands of markets drinking the Feds Kool Aid for a long time. People say you can't create real money out of thin air......and it's true. But it can sure look like it works for a spell and the markets have moved a lot since the 2009 bottom on the premise that monetary policy can restore market health. However, I've been observing a host of red flags showing up for a while and now waving against the world's attempt to control and maintain some sort of currency balance. In other words, I think we've been "hearing" of currency wars for a long time but they are "actually" about to heat up, IMO.
Any of several dominoes could have revealed the reality of currency distresses from extended monetary policy manipulation......Brexit turned out to be the initial domino, IMO. So, my view is that the world is starting to look at gold and silver differently......actually considering it as a potential currency measure. This has been said for years....so much so that it was like the boy crying wolf...people quit listening. But it was premature because what was being anticipated and projected was not at hand.....but I think it is at hand now.....existing facts (not prognostications) are suggesting it's so and that it's TIME for gold. TPTB are losing a handle on monetary policy and the experiments conducted since 2008/2009 are showing cracks in the foundation.
The stock market gives and takes back for sure.....just try to keep one step ahead. CLGRF is quite a thing for me....I owned Claude Resources several, several times over the years and did pretty good overall. Then I bought a bunch of it (think LTF did about the same time) when it fell into the .20s several years back. The CEO was running the company in the ground as gold prices were collapsing and I ended up bailing out in the .16 area for a substantive loss and though I'd never look at Claude again. The company seemed destined for bankruptcy given the management and the bad gold price backdrop. Well lo and behold, the management was upended and the new regime made Claude a mean and lean money maker while peers were going down the proverbial drain. So last summer, I believe it was, I came back to Claude, buying in the .40s...and added more in the .50s and .60s. Then later I bought SSRI in the 5s, liking the balance sheet and it as a silver play with metal prices so depressed. Next, SSRI agreed to buy Claude for .185 SSRI shares per Claude share. The deal closed just weeks ago, making Claude worth 1.93 a share. At today's SSRI close, CLGRF (as SSRI shares) is worth about 2.20/share. So, I'm not upset at Claude anymore.
Congrats on SKUL. Good job. I could kick myself on that one, Tab. You know I try to be a cheapie when I start buying something. Well, I bought a decent position a good while back in SKUL and actually got it near the bottom at an average of 2.90.....but got impatient and sold at about 3.20. Oh well....been there and done that before (kicked myself many time before). I'm glad you were able to partake...I still had a chance to do what you did in the 4s but was not wise enough to act.
P.S. As I answered you before about MCZ.....nothing has changed there....still have a position (much smaller than original) in MCZ and hoping Karen can pull it off there......hope it pays big for you.
Pal, I just thumbs upped you to even the score (who gives you a downer for sharing ideas???). Thanks.
I'm in the camp that Brexit has created a new type of uncertainty, especially with regard to the currencies of the world. So, I'm not looking too hard right now to buy/add stocks unless the company is trading well below tangible equity with prospects. I'm approaching buying with much stock-picker respect in that the value has to really stand out in case it needs to weather a prolonged storm....AND has a chance to defy a bad market. I've looked over before but will revisit your list where I don't own already. I'm in KTCC, and, of course, VTSI and NAII.
To your mentions, I'd throw out PCTI, and Micro's STLY. Both are "just cheap" ideas. Both companies have a lot of cash and have been buying back stock aggressively for a while at current price levels. Both say the future looks better. AEY is about as boring as you can possibly get but it has gotten dirty cheap too.
CNAT and OGXI are low-priced, but high risk biotechs.....CNAT with a drug in late phase II trials and fast track FDA status for an unmet need....OGXI trading way below cash per share and with two phase III trials going on. Bios are not a place to go deep though, IMO. They are strike-outs or home-runs.
My mover and shaker for months now has been gold stocks..... namely CLGRF and SSRI. I mentioned SSRI to you a good while back and rementioned after its last stellar quarter. The funny thing is that out of all gold/silver stocks I owned these two....and after a spell, SSRI announced it was buying CLGRF. What are the odds of that happening again?? The gold bug index hit well over 600 in 2011 and fell all the way back to 99 this past January where gold bottomed at about 1045/0z. Just since January, the gold bug index has advanced to 240. So, it may be due a pause soon, but IMO, metals bottomed in January and are in a new bull market.
Hope you are well....
You didn't ask, but I've been ringing the bell for CLGRF since it was in the .40s and then SSRI (bought out Claude recently) since it was in the 5s......and I think it's still worth hitting the bell for. Whether SSRI or another, I believe gold and silver are already in a bull market and there are a myriad of factors fanning the flames, IMO.
IMO, the markets are shell-shocked and believe that somehow the Brexit vote was just a bad dream and people will wake up and it will somehow just go away or work itself out. I'm no pessimist but IMO, this event is more significant than the Greece concern of some time back. Gold is not coming way down anytime soon, IMO. SSRI is a great company with excellent reserves (both gold and silver) and has one of the best balance sheets among its peers. This stock has already been a portfolio builder but I figure over the next year or two, it's liable to wow us more than we may think at this moment. I don't think the reality of what's coming for world currencies after Brexit has begun to register. I don't think an economist out there can predict which dominoes will fall, where they will fall and when they will fall. All IMO.
....another thing you can factor into that remote space upstairs you have.....The Brits have emboldened other member countries to follow suit. If you think the uncertainty is ending, I've got a nice bridge in the Sahara to sell you. IMO.
You really are a world class nut job......put up the white flag and go long before you are writing your next warning from an SSRI price of $15 a share.
got gold?? Major index futures down over 5% right now; gold futures up over 5%....at one point earlier, gold futures were up $100/oz. Who woulda' thunk it??
you are about to get hammered mercilessly, IMO, after the Brexit outcome......but no one could get through to you because you were too busy warning every precious metal investor on every precious metal board. IMO.
I think this is going to reverse Trump's fortunes and he'll benefit by moving to the front of the polls here. This could be the start of a major downtrend in the markets and a major uptrend in precious metals. The markets will be brutal tomorrow, IMO.
Well, staccani; I think emricasan has already shown statistical significance toward helping the sickest of those affected and this is going to lead to some application. We don't have clarity yet but when clarity arrives, the stock price won't be $2 a share, IMO.
Few people do well jumping around trying to time it just right. You said no news from the presentation.....who was expecting new news??? Not me. This was described in the press release as an opportunity to induce investment capital. You could also have said there was no news is good news. Actually, I found the presentation very impressive in terms of its layout. Again, the designed purpose was to "attract" investment capital, IMO. Anyway, it seems like all your efforts in selling others here on the merits of CNAT's science flipped on a whim, IMO.
Yea, stats, I had noted it was triple-witching in a Friday post. Zolly is about the best contrarian indicator around. Each time he has bashed, the stock has advanced hard....and I mean since it was a ton lower than this. When he starts saying it's going to the moon....to load the wagon, well, maybe we'll have to start thinking about whether to lighten some....LOL.
That's a good post.....and some good questions. The company does not have a long track record of earnings near the current level and that could explain hesitation....but not at this price level, IMO. The company's lack of conference calls and attending investor conferences may keep some away. Again, though, it's really beyond a good explanation. So, the only rational conclusion is that the price is absurdly low today....it's easy to get adjusted to undervalued stocks being undervalued for such a duration that it seems some sort of odd "norm." But I go back to your post which spells it out pretty well. This stock is clearly under the door mat for no viable explanation. I say it's dirt cheap.....and I do wish management was more proactive. When you got something this good, spread the news, IMO.
...something more, CS, IMO....gold and silver companies were the main stocks most actively traded AH. PAAS, SIRI, CDE, AG, AGI all made the list with gargantuan volume.