Member Info for Droverman

Hi Speedy, for information Tether had been buying physical Gold/Silver and now has 8 billion dollars worth on account and still buying by selling BTC. They have achieved this over the last couple of years. Question, why sell BTC and buy gold? Very good decision by them. Lateral thinker. DM

Buy the basic, mint or no mint spot price is the same when selling. Lateral thinker. DM

Did anybody notice that GGP is the only new mining company to go on the AX200 this time, so more buying is required by the institutions ETC.

AX 100 can be a big problem, OK if GGP remain inside but if for some reason we get kicked out then for sure our shares will get dumped with the value as well. Lateral thinker. DM

My problem is that Australian institutions quietly (Hint Hint)asking the stock exchange not to include GGP in any index this time so they can continue to manipulate the shares for another 3 months, by which time all funds will have what they want and then hey ho the shares rerate to the moon. Just hope we have huge drilling result from our other tenements in the meantime. Lateral thinker. DM

If a third train is needed in the future it will have to be at Telfer as planning permission will be much easier to get as no heritage problems for a start and all utilities are on site. Must make sure that there is no gold underneath. Lateral thinker. DM

When gold hit 830 USD/Oz in 1980 the USA debt was covered to a certain extent. Using the same data now it will take 40000 USD/Oz to cover the same amount of debt. So this has to take place naturally as in 1980 (Took 9 years from the end of the gold standard) IE 9 years to 40000 USD/Oz or the quickie way is to revalue gold. I said before 9000 USD/Oz by end of 2027 so by end of 2034 we could be looking at 40000 USD/Oz. I think it will be much earlier is UK, Germany, France, Japan, USA and much of the western world plus China are bankrupt and going first is the UK, wait to see the Autumn budget and next year will be unrealised capital games tax for sure the way things are going, nothing left to tax. Lateral thinker. DM

Hi Speedy, its not capacity or Oz of gold its free cash flow. I think its about one train running on Havieron for six months and WDU running for the other 6 months all high grade stuff and the other train running on the open pits. Maximize the free cash flow and minimize the costs. Lateral Thinker. DM

If people don't want to sell then there will be low liquidity, normal. To increase liquidity the price of shares have to increase to tempt selling or somebody dumps a load of shares on the market to force the price down (Weak hands) and then buy more at a cheaper price (Short selling) If people think the price will rise in the short term then they will not sell, which i think is the present position with GGP, too much info due. Official end of year financial statement, 1st q financials and production, drilling results, going on AX 200 market, MRE and Havieron stuff to come through. Lateral thinker. DM

Kent, what would you say if you have to turn around 6 trillion dollars in Bonds this year from low interest rate to higher rates, you need to get interest rates down, this is the legacy that the FED and Biden left Trump with, and the same next year. They borrowed money on short bonds instead of long bonds for political reasons. Bunch of commies. Good for gold and GGP in the end. Oh, Trump is not stupid when compared to Starmer, quite brilliant i would say, Lateral thinker. DM

Hi Speedy, the only way to reduce USA and world debt is to reset gold to at least 15000 USD/Oz or 40000 USD/Oz to cover M2 and of course 145000 USD/Oz to cover all the debt and start again with a new system where the B of E and Dutch bank CB will not be involved as they are deeply involved with the FED since 1913, the start of all this mess we are in now. Lateral thinker. DM

Trump is forcing down the oil price for many reasons. 1) He has to reduce inflation. 2) He has to refill the strategic oil reserves that Biden emptied and sold off for political reasons. 3) He knows that miners need cheap oil and as he wants to open up mining in USA then that's the way to go. 4) He knows that the world needs cheaper oil to reduce inflation and reduce debt. 5) He wants a weaker dollar. 6) He wants to reduce Russia cash flow and hence bankruptcy, then draw Russia away from China, Nixon did the same with China against Russia, end result was the fall of the USSR, now he wants to do China by using Russia. This is Geopolitics in its raw form. Good for GGP and Gold. Lateral thinker. DM

He is one of my many green coffins, i notice that when the SP increases my green coffins reduce or disappear into the grave yard, may long it lasts. Lateral Thinker. DM

The World has been screwed sine the Federal Reserve was formed in 1913, they had to change the name to get it through congress, failed twice before as the called it a Central Bank. Bank of England was fully involved with the FR and in 1914 we stopped changing gold sovereigns for Pound notes and Germany/France came off the 100% gold standard to fractional gold standard. Ist world war started because of this.

Don't forget Gadhafi was removed as he was going to start a gold standard for Libya and North African region.

Wars start because of Gold, Oil and other stuff. EU has been eying up Russia for a long time, Putin asked Clinton for Russia to join NATO, he refused, NOT AT THIS TIME he said.

Trump is looking after the USA, Starmer is looking after the EU and the UK, who would you have looking after you, TRUMP or STARMER and the idiots in the EU

Trump is planning something big for July 4th next year, 250th anniversary of the USA republic, i think GOLD will be the main part of it, good for GOLD and GGP. Lateral Thinker. DM

Hi Speedy, Putin will not run rings around Trump for the following reasons.

Why is the meeting taking place in Alaska, i thought it would be in Saudi Arabia or Iceland? Don't forget Russia once owned Alaska and sold to USA as the Tsar was worried that the UK would take it.

Some kind of agreement has already been agreed on for sure or they would be no meeting?

Is this a hint that some kind of arrangement with Ukraine will be done financially?

What happens if the piece deal goes ahead, are the Baltics safe, Kaliningrad could be taken in 3 hours, Putin is worried about that situation.

Russia is worried about China, there are millions of Chinese working East of the Urals and China has a claim on Russian territory as well?

If Russia agrees with USA on a deal and Ukraine/EU don't agree, then Trump will walk away taking the money and missiles away, leaving EU and UK to sort it out.?

Good for GOLD and GGP buy shame on the world for letting this get out of hand. Lateral Thinker. DM

Question that nobody has posed so far? Why did Trump suddenly put 39% tariffs on Switzerland 1 Kg and 100 oz bars. Trump has just appointed a new guy to the Fed who is a Trump supporter and was part of the Mara Largo Accord meetings

Is he playing the tariffs game?

Is he going to reset the POG on Monday?

Think about it, if he was going to revalue gold, then he will want a piece of the action and 39% tariff does that. Just say he revalued gold to 24000 usd/oz, then any gold entering the USA will take 39% on top of any other tax to take advantage of any arbitrage that will go on.

So again, why at this time he suddenly put this tariff on 1 Kg and 100 oz bars and get his man on the Fed Board?

Lateral Thinker. DM

DT, check on my post yesterday and it tells you why and how it will go to 9000 usd/oz without geo politics and monetary reset. MR and GP will force the POG much higher than 9000 usd/oz. Lateral thinker. DM

Hi Speedy, don't forget that some of the smaller central banks in Africa/South America ETC are buying gold directly from the small miners and this means that its secret, the gold council do not take these positions into consideration on the movement of gold as they are not registered. So taking into account that other major players are buying gold, gold dore and their own production going straight into their vaults, there is going to be a shortage very soon, just like Silver. Just think what will happen when the heard wakes up and start dumping the Mag 7, trillions of dollars have to go to a new safe home. Lateral thinker. DM

Gold revaluation in the USA is not a problem, only accounting. First line in the Feds balance sheet is the Gold Certificate, 8130 tons of gold at 42.22 usd/oz. The USA Treasury owns the gold. Treasury buys back the Gold Certificate and resells it back to the Fed at the new value. ( Its only accounting methods) For every 4000 usd/oz increase = a trillion dollars (Approximately) so 24000 usd = 6 trillion dollars. This can be used for what ever the Government wants to do with it. All gold will flow to the USA as who wants to keep it. Miners will do well out of it as well as gold stackers. Silver will go to the moon by the way.

Possibly there is more gold in Fort Knox than thought, that's why they didn't check it? Where did Vietnam, Libya, Iraq and Afghanistan gold go to as well as Vatican gold! As Trump says he who holds the gold makes the rules. Lateral thinker. DM

These companies are looking into the future of POG and what it brings to companies like GGP. For me the POG will be around 9000 usd/oz by end of 2027.

Looking back on POG from 1971 when it was 42.22 usd/oz and by 1983 836 usd/oz = 2400 % increase (1st bull run)

There is no 3rd bull run, only 2nd bull run which started at Browns bottom around 320 usd/oz and still in progress.

If you overlay the graph of the 1st bull run from 42.22 usd/oz to 836 usd/oz to Browns bottom with the graph from then to now its exactly the same, with the same pull backs and consolidation points.

Now add 2400% to Browns bottom figures you get approximately 9000 usd/oz.

This is why the big boys are manipulation the junior miners as they know where the free cash flows are going and they want it for themselves. Lateral thinker. DM

I see that my green coffins have multiplied 1000% since lunch time, they only appear when the shares are under pressure. I am sure that when we get some good drill results and POG is near 4000 usd/oz then they will go to the grave where they belong. Lateral thinker. DM