Member Info for Droverman

The biggest bull flag is that JPM has gone long with Silver/Gold since they forced down the price and closed their shorts right at the bottom, ( 633 silver contracts were closed at the bottom in 30 seconds) then the next day saying gold will go to 6300 this year. The estimate was 10 trillion dollars was taken from the poor and given to the rich in one day. The media were primed that the drop was due to Trumps pick for the FED, that was like a fuse, who set the bomb and lit the fuse, all the bullion banks were in it including HSBC. The whole lot should be investigated and put in the clink and fining them trillions. Lateral thinker. DM

Hi Spy, Jim Rickard said don't be surprised gold at 27000 USD/Oz within the next couple of years, i think his opinion counters most of the blogs that are going around, stating the fall of PMs. End of February for March deliveries in PMs will obliterate what's just happened as well as June deliveries. CME is indicating hundreds of million Oz of gold/Silver to be delivered or rolled over, bet deliverers' will take top spot. Lateral thinker. DM

Hi EI, February COMEX Gold open interest was 14,000,000 Oz in a day it was reduced to 4,000,000 Oz, as they guy said where did it go. See video, very interesting and also where things are going. Lateral thinker. DM

https://www.youtube.com/watch?v=VXXKUnknyCc

Hi E1, Thursday morning LBMA delayed opening by 60 minutes, never done that before, they said technical reasons, just like COMEX a couple of weeks ago. Why the delay in dumping the GOLD/Silver price until the USA market opened i don't have a clue. This is just one of many reasons but which was the catalyst? LBMA, Trumps pick for Federal Reserve, A Bank in USA, A Bank in Europe, some entity dumping a load of contracts on the market (can only be paper gold/silver to do that) A margin call, a Hedge Fund, who knows???????????????????? well somebody did and made a killing for sure. If it was a Bank, then the FEDS should be called in and the BOD locked up. Next week should be interesting for GGP and the masters of the universe. Lateral thinker. DM

SD is being very conservative on his figures given in the last report and meeting, but read between the lines, he is moving fast, new machinery, faster drilling, shorter space between drills, more drilling rigs on site, pushing on with the decline to WDD, getting the waste pits upgraded ready for future waste. For Havieron, moving fast to enclose the box cut to prevent water ingress, getting the blind bore rig and cutters ready, pushing on with permitting. Then there is the drilling going on in our other area`s, signing JV agreements, getting 51% of Rio JV, moving into Ernest Giles tenements, what's more to like. I think he is wary of a sneaky TO offer and wants to get a much higher market value as soon as possible. If SD keeps Wyloo on side, then it will be a huge problem for a company/entity to take us over. Twiggy doesn't need the money, Wyloo value is gold in the ground, that is their future for me. Screw Blackrock/GS ETC and their shenanigans. Lateral thinker. DM

The other day Poland Central Bank stated that they would buy 200 tons of gold this year, think about it, Brown sold 430 tons over 3 years and got 3.5 billion pounds for it to buy EURO, job well done Ha, now worth 60 billion pounds and would now be used to boost the defense budget if we sold some now. Maybe that crazy girl from accounts is eyeing up what we have left at this time and do what those crazy Canadians did and sold the lot, Carneys lot that is. Lateral thinker DM

For bulk buyers of gold the price makes no difference, the bulk buyers are Central Banks, Chinese Insurance Companies, Hedge funds going long, Tether, Rich guys, maybe Warren Buffet, now that would be good for retail buyers. These guys are selling dollars for gold. Also the Yen Carry Trade is crashing, where to put the profits Oh GOLD/SILVER and PMs the only thing to buy that's not being devalued every day. Lateral thinker. DM

Hi Guys,

want to know what's been going on with programmed money, asset tokens and why GOLD/Silver has been increasing, its a bit long but watch too the end, scary. Lateral thinker. DM. https://www.youtube.com/watch?v=rZQRMJUzH4k

I projected last year. Missed that bit. DM

I projected 8700 USD/Oz for mid to end 2027, very happy to see if i was wrong if its hit during 2026. One of the Scots guys said 8000 by December 2026 but also said could happen by June 2026. Comex states that main contracts for delivery are March 2026 and June 2026, talking of hundreds of million oz and Silver is in the same position, just takes one entity to not deliver for the Comex to go bust as well as LBMA. We live in interesting times. Lateral thinker. DM

Hi H2, if they did have a 5/6 week shutdown, then they would have built a high mountain of high grade ore, that would be about 2,000,000 tons of good stuff, presuming they started digging out the good stuff before the shutdown. Also during this shutdown they would have done work to reduce the next shutdown and plan for further ones by buying material requires much earlier.

Much to gain from longer shutdowns if using the time correctly. Lateral thinker. DM

I think SD has his eyes on Ernist Giles and would like to confirm the deposits and build the plant until production before moving on, JOB DONE so to speak. Think about it, what will he do next, not the same thing as boring, "done it got the tee shirt". So much to do with GGP, 15 years at least, then buy a nice boat and enjoy life watching cricket ETC with a nice tinney in hand and say thankyou GGP, just like us. Lateral thinker. DM

Hey zoras, where would we have been now if SD had not arrived and got us to where we are at the moment and future. VISION is the word, without that we would have been sold for peanuts like SSX and SOLG and like 2000 other other miners with a fraud on top of a hole in the ground. Out of those 2000 miners only 2 will make it big time, just like GGP, 2 will make money but hope to be bought out and the other 1996 will continue to drink the champers, drive BENTLEYS and ask for more money to keep the party running. Now and again i look back at some miners i dumped 10 years ago, some out of business but the rest still going with peanut share value worse than when i sold up because of dilution. Now where are we, oh yes near the top of the Lassone curve and its going to continue to curve up because the curve did not take into consideration the higher prices of gold/copper, no way to predict where we are going, i have my price for drawdown as i am 79 years old and selling 300 shares a month will do me, i can last until 150 that way. Lateral thinker. DM

One train for Telfer and one train for Havieron and WDU, the mines will last for 40 years without any new stuff. If GGP find another huge deposit or buys Rio copper/gold project Winu then another mill would have to be built. All the present financial processing has been based on Telfer and not going to be changed anytime soon. Lateral thinker. DM

Read Jim Rickards books and watch his Utube blogs, its all there in detail. Oh by the way, Trump got what he wanted, not only Greenland but the Artic Region as well, so he gets the golden dome which protects USA as well as Europe, gets the rare earths and controls the new Artic sea lanes, Friday stock markets in America increased by 2 trillion dollars, not bad for 4 weeks work. Would have taken Obama, Biden and European Union 20 years and Carney would have told China everything. Lateral thinker. DM

Its book keeping on the accounts, gold at the moment is 42.22222222222222 USD/oz, they revalue on the books to 12,000 USD/Oz and that goes to the treasury, giving them an extra 3 trillion dollars to spend, the calc is 1 trillion dollars for each 4000 USD /Oz increase in gold. Nothing moves, nothing changes except the new base for gold will be 12000 USD/Oz as all central banks will revalue their gold at the same time, its called gold revaluation account its already on the central bank books. Lateral thinker. DM. PS Jim Rickards has the best explanation for this in his book End of Fiat and currency wars, if i remember correctly. DM

Hi Awax, they can change the rules anytime, anybody holding cash, bonds, bills, treasuries ETC will get a hair cut and could lose the lot. Any tangibles will survive, gold, silver, land, property, company shares, but the best is GOLD/SILVER to hold as all new coins, fiat ETC will have to be based on PMs, there is nothing to relate to. 5000 years everything was based on weight of gold/silver, same today how many grammes of gold to buy oil, property, S&P 500, DOW, suit of clothes its all down to grams of GOLD. The question is: How many oz of physical gold and silver do you own. Lateral thinker. DM

There will not be a demise with the US dollar as the whole world runs in it. No new fiat will take over as reserve, unless they want to wait > 100 years. There is a dollar shortage at the moment and will be for sometime. Part of the dollar shortage is caused by USDT and other stable coins which buys treasuries and holds them for each coin sold, this means those treasuries do not flow back into the system.

A new coin, USA stable coin based on the dollar is possible, but might cause wars as countries will lose control of their fiat as anyone will be able to buy Dollar stable coin. CBDC are a problem as they can make fiat disappear, that means bank accounts can be converted to CBDC, say 20000 USD and anymore they can say void, same for bonds, treasuries and bills, Poof gone and so is the debt for everybody. USA to revalue its gold to 10,000 USD/Oz would be interim solution to their debt and put a floor under GOLD and Silver to a certain extent. Lateral thinker. DM

Carney is the lead figure in developing CBDC and woke at the same time, go figure. Lateral thinker. DM

Not as bad as Switzerland who sold off 1050 tons of gold at the same time, i think the reason was to save the banks. Saving banks is very expensive and all the BOD should have jail time for doing what they do. Lateral thinker. DM