Obviously this is MY opinion, I don't know your financial circumstances, I also don't want to post on the BCI HC forum, you get tired of being yelled down by that stock's rampers sometimes -- "One fool can ask more questions in a minute than twelve wise men can answer in an hour."
Hopefully there's enough information below that's also relevant to CAS's future that this post won't be TOU'ed by someone,
And the following link that was shown on 4corners in March 2014 (if you have the time [45 minutes long]):
I sold out of BCI because I also believed in the 4corners program about China's future. China is becoming an expensive place to manufacture. China's debt is currently growing at an annualized rate of 14%. Twice it's "official" GDP rate of 7%. What if China's GDP decreases to 3 or 2%?
IT is now only 5% more expensive to manufacture in the USA than China.
In some ways, South America could become the world's last economic frontier. The world is swimming in debt, in fact to look at world debt on a graph, it would resemble an exponential graph.
Does anyone of sound mind believe that one day that current line on the world debt graph curve will level off and then head down?
If you don't, we will one day see a tipping point when nations will no longer be able to repay loans and the realities of that.
Forget about Greece, these are France's current figures:
Welfare spending ~ 32% of GDP
Government Revenue ~ 44% of GDP
Government Expenditure ~ 56% of GDP
That is unsustainable. There's a 12% difference there, and that debt is snowballing. I cannot get my head around the fact that more than half of a country's GDP is government expenditure. That's insane. The top tax rate in France is 75% so they can't easily steal anymore money from the rich. Socialism in France is taking hold, there's a false believe in France that they are a wealthy country and can afford this and that. In reality, they WERE a wealthy country, not anymore, they are now falsely maintaining their lavish lifestyle through debt. These present circumstances can't continue forever.
The goldbugs have misread why Gold goes up. It is NOT a hedge against inflation. Many believed that when the USA decided to print money via quantitative easing, that would inturn produce inflation and would therefore push Gold higher. No. Gold is a hedge against confidence in Government, or more precisely, excessive government debt. I don't think Gold has bottomed yet, I think that will occur when there's total capitulation with the goldbugs. I believe that point is getting close, and I also believe that at that point, the price could be around USD$1000 an ounce. I also believe that this total capitulation will be prior to a world debt crisis that will herald the start of a new bull run in Gold. That may occur as early as the end of 2015. Who knows, we may already be at the point of a new bullish Gold run, time will tell.
My advice ....... I really don't want to give any. I could say that you should count your loses in BCI (if you still hold, you maybe looking at entering), and move on because they will just jog along and may still head further south -- that you should be preparing yourself for what I believe will be another run in Gold and switch to PRU or CAS where one of CAS's Gold deposits has a NPV of $250M. But the last thing I wish is for you to do is to jump from stock to stock like some impatient person in a shopping queue, to find that you would have been best just to stay put and wait. It's your decision. My average in CAS is 33 cents and CAS is currently 13 cents, so ultimately, what would I know, lol.
All the best.
CAS Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
