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9/14/16

Continental Gold (CNL.to): Relative strength

It has not escaped your humble scribe's notice that his long position in Continental Gold (CNL.to) has been doing well recently, here shown next to the XAU (gold & silver index).


That's a 21% out-performance to the benchmark and that's pretty good. This may be because of the loose lips at CNL who have let it be known that McEwen Mining (MUX) has signed a confidentiality Agreement with CNL and is interested in buying it out once the environmental permits are issued. Mind you Ari, it's probably not good business to spread that type of news and piss Rob McEwen off, even doing it in the sneaky back channel way.