Member Info for Droverman

Hi Guys, its all about oil and gold, nothing else, Ukraine and Iran are a side show, the main show is China as i have said many times. With Islamists gone from Iran, then USA controls most of the worlds oil supply and if Trump weans Putin away from China, then China has only 2 options, go to war and lose or shut up shop and comply to normal relations to the world, not try to control it and leave Taiwan alone or let Taiwan take back China and CCP gone. That's the big picture. Lateral thinker. DM

Tinners, look at the big picture, its about USA, Russia and China. Where is the EU and GB on this, oh squabbling on social systems, immigration, NATO and New EU Army. They cant afford the 2% to NATO let alone its own Army and the corruption in the EU Ha, who wants to join them in the trough, oh yes Starmers lot. Where's the leadership, oh yes Napoleon and the Kaizer and our Cromwell. 18 trillion dollars in GDP, 470 million population and what's Russia, same GDP as Italy and population of Italy, GB and Spain. This is another reason why the POG/POS is increasing. Lateral thinker. DM

Do not look at the change in SP but only look at the % gain/loss, and the same for POG/POS. The higher the price there will be more volatility but less/more % wise.

Couple of reasons for the drop in POG, is that Putin has been talking with Trump and now Zelensky is talking about Presidential elections and Referendum, something is changing Geo wise. Also China is closing down for the Chinese New Year for 10 days, so no market for physical GOLD/SILVER.

As i said a couple of years ago, Trump will try to wean Russia away from China so closing off sea routes ETC. Trump is now concentrating on Cuba, sort that out, sort out Iran, then he will concentrate on China. All the above will effect the POG one way or another. Lateral thinker. DM

Hi Speedy, Japan is a bit different as little bond holders are foreigners, most bonds are held by the bank and population, the main difference, which will plunge the worlds main markets, is that Japan financial companies and populations are holding overseas assets at values more than Japanese debt. The problem is and its started, is when they sell down those assets and bring the fiat back home, something like 4 trillion dollars flowing from stock markets and Government bond sell offs, that's the problem with Japan to the rest of the world, Yen carry trade is caput. Lateral thinker. DM

Newmont dropped 3.5% but will recover with the POG increasing, they have time today, we got caught out so on sale for the lucky ones. Lateral thinker. DM

Hi HFG, they are covering up the box cut to prevent storm water from flooding in, there will be no decline work done until the tunnel is finished, SD is forward thinking or lateral thinker. Maybe work on the vent system? Lateral thinker. DM

Same as 2 weeks ago, big dump in silver/gold then stop/losses and auto selling starts, put them in prison i say. Lateral thinker. DM

Correct Summit, JPM and others are stating in their opinion 6500 USD/Oz gold by end of 2026, while experts like Andrew Maguire states 8500 USD/Oz by year end or even sooner. Long time ago i stated 8600 USD/Oz by end 2027, glad to be wrong on that one.

Now to Divs, at my age of 79, DIVs will come in very handy, and at 8600 USD/Oz and 2600 AISC leaving 6000 USD/Oz cash before tax, say 30%, leaves 4000 USD/Oz profit. 4000 X 320000 Oz GOLD = 1,280,000 USD in the bank or 2 billion oz dollars in the bank as a minimum. Special divi comes to mind and for the SH who don't want divis can use the Fiat money to buy more GGP shares. For the ones that need the Fiat, then they don't have to sell so many shares. Share buy backs are a NO NO, not accretive with the share price increasing steadily. Like SD i am a divi man, but only if the cash is used wisely and not wasted just because we can buy another company. Lateral thinker. DM

BTC is going down to <40,000 its in a 4 year cycle where it drops on average 78%. Crypto has lost the myth that its a safe haven above gold/silver. Some big companies are going to go broke over crypto, while gold/silver companies are going to flourish in the short, medium and long term future. Maybe crypto investors who sold out will put their fiat into GOLD/SILVER miners and coins. The same is happening with the so called MAG 7/ AI companies, look at Amazon 15% down in one day and the others will follow. Investors don't like companies who state that they will spend 650 billion dollars in the short term. One bank in USA went bust 2 weeks ago, (Think JPM bought it for peanuts) just as the great sell off started.

February 27th, put in your diary, this is the day that March Silver futures get delivered, over 300 million Oz and only 109 million Oz available for delivery (Clive Thompson) even if only 25% went to delivery it will only delay the collapse of COMEX to May deliveries, which will be end of April, nothing left. We live in interesting times, Lateral Thinker. DM

Last year Trump signed the executive order opening up 650,000 acres of Federal land for mineral exploration and extraction. Lateral thinker. DM

Jiffy, USA debt is not a problem, they have 150 trillion dollars on the credit side of the balance sheet, this is the value of federal land and estimate of minerals under it. They just have to monitories it with the gold. Lateral thinker. DM

BTC is a thing in the imagination, its there, but you can not touch it. The color is gold so it can feed off the real thing, same for silver colored crypto. No power, no crypto. In the future AI will be able in a nano second to unlock the crypto blockchain, cant do that for GOLD/SILVER.

Snippet, a crappy yellow was the first color used by AMEX for their card, didn't go well until they changed to greenback green, then the AMEX card took off, maybe BTC knew that fact. Lateral Thinker. DM

Hi Lee, my problem with AI companies is that most of their revenue comes from each other at this time, the chip makers sell to the machine companies who buy chips from chip makers. The machine users by the software from the software companies who sell back to the AI companies, one big Ponzi scheme. I read that these super chips have a life span of 6 years as they burn out and that's with the huge cooling systems they require and huge amounts of energy. So they build those huge data centers the size of a small city that have a life time of 6 years, unless they replace all the chips with the latest ones so the Ponzi scheme repeats its self. A gold mine, once its up and running a debt paid off is basically a cash machine, spending 20% of revenue in finding new stuff from profit and with the new situation of what is causing the POG/Copper to rise and they will continue to increase until the Fiat system is reformed/reset, GGP will go on to greater things in the future starting with WDD, Havieron and then Tungsten and what on earth is underneath that deposit, we wait and see. Lateral thinker. DM

Hi Monty, do not worry, we are in a bull run since 2015, if you want to take the low low. Every year we have on average increased the POG. Take December 2025, even after the recent shenanigans we are still higher. When a bank like JPM states 6300 USD/Oz for GOLD this year you have to take notice. GS. UBS are all saying the same for this year. Look at BTC down 40% since the high of 124000, people are selling down as not tangible, and i hope the sane ones are buying gold/silver instead, same for the AI stocks, when they realize what gold/silver and miners are doing then they will dump stock and buy into our stuff. Lateral thinker. DM

Hi Syd, best of luck with the kid, family means everything and usually turns out for the best, i know as i have similar problem and family pulled me through, doing the last bit now. Take care. DM

Good one Syd. DM

No Summit, its where the PM physical market is, NY is where the paper market is and not for much longer, that's why JPM moved their PM desk. I think JPM has gone long and that's why the action is now in SEA and Singapore will be the new PM physical hub, between China and the West. JPM has mentioned 6300 by 2027 for gold and even 10600 has been mentioned in the FT. Tomorrow Marco Rubio is holding a critical mineral meeting and most of the worlds financial ministers including our clueless minister Rachel Thieves from accounts will be there. Wonder what's going to happen to PMs after that meeting. Lateral thinker. DM

Hi Jerry, JPM has just closed its PM desk in NY and opened up in Singapore, i wonder why? Lateral thinker. DM

Oh forgot, the other ones who lost out are share investors, crypto investors, anybody in range of the flash bang, why do you think all PMs, stock markets world wide are flying up, except crypto, they are going down with the junk. Wall Street is laughing all the way to the banks and the banks are having a whale of a time. Watch out for bankers and Wall Street bonuses this year, banks will be laughing again as the bonuses get deposited in their banks, then they invest that money (Fiat) so the loop continues, the win every time, WIN WIN WIN, when they lose Ha, tax payers pay, look at Mandelson why tried to remove tax from bankers bonuses during Liebors time in government, all you need to know. Lateral thinker. DM

Hi Jerry, look on the COMEX data site, you will see that JPM sold off 633 contracts of silver that is 633 X 5000 Oz bars exactly timed when Silver hit bottom, and yesterday JPM stated 6300 USD/Oz this year for gold and since that statement gold/silver reversed trend and flying, look on other web sites which mention the same, who lost out, well the forced sellers, who won, the ones that bought, the ones in the know who have deep pockets and its not GGP share holders for sure. Lateral thinker. DM