Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Hi All. After the very speculative rise in the price of lithium it is now over sold and will see a gradual increase in 2024. Gold has entered a massive bull run. The outlook for KOD, from these levels is good. Hindsight is a wonderful thing but holding a position in KOD is a two pronged bet and both prongs should bear fruit. My bet is the Chinese will take over and then you will not have to worry about the exit price. Still holding for my 1p. ATB Speedy
Hi All. Just my 2 peneth on shorting. It has its place in a free market but using shorts to drive down a cos SP to facilitate a low ball TO is downright theft and should be controlled. But, as folks here have suggested, there is too much financial interest for it to be stopped. I think investors should realize that shorting does happen and should act accordingly. ATB Speedy
Hi Panama. A happy new year to you to. The next meet up should be full of good cheer. ATB Speedy
Hi MasterRSI. After "supper volume" can we please have a "breakfastout". ATB Speedy
Hi All. I never thought i would get excited about GGP hitting 10p. It has been an arduous journey from those dizzy days of 30p plus down to under 6p. Good luck to all those that held out. More excitement to come as the SP breaches 20p then 30p and on to new ATHs. 2024 will be the year to tell the grandchildren about as gold and the producers enter the biggest bull run in history. Happy new year. ATB Speedy
ATB Speedy
Hi All. Some fair sized buys going into the close. Is this the rise to fair value? or just a head fake for the spivs to earn their new years bubbly. Deprive them of their ill gotten gains and hold for the big one. ATB Speedy
Hi Bamps. 1000oz of gold would be sold for the new currency allowing investors to benefit, producers to carry on producing and paying workers and the recipients will swap their commodities for items they need using the new currency. Its called trade. It will cause disruption and will not be good for holders of a dying fiat system. The signs are all around us and action is needed now to protect from what is unfolding. ATB Speedy
Hi Deanosbooty. It was good to meet you at the last Essex meet, i think you are referring to our discussion. As NTL101 suggests, Chards are competitive and trustworthy and i have dealt with them on several occasions. I always recommend that buyers store their purchases at place of purchase and do not take delivery (except for a few coins to admire) . Chards offer bonded storage and silver Brits can be purchased and stored free of CGT and VAT. Gold Brits do not attract any CGT or VAT so they can be stored anywhere. Hope that helps. ATB Speedy
Hi SAS. That vid is worth spending a few moments on. Something is brewing and it aint tea. ATB Speedy
Hi Bamps. Whilst i respect your knowledge, you thoughts on gold are flawed. I agree, a stable environment is good but the USA $ is not stable due to the ability for it to to be materialized out of thin air. A new means of trade between nations is coming (like it or not) and it will be linked to gold in one way or another and probably digitized. Gold is, and will be, in demand and producers will benefit from a higher value due to that demand. ATB Speedy
Hi Bamps. Just read your post Re POG. Under normal circumstances i would agree that a high price would attract selling, but this time it is different. Central banks and sovs are selling $s (treasuries) and buying gold at an unprecedented level. If the POG goes beyond $2500/oz in 2024 (good chance) it will be due to central banks and govs buying due to a mistrust of the $. With USA deficit projected to be $50trillion (no typo) by the end of the decade it makes sense to get out of the $ as fast as possible. My research points to a POG by 2030 to be in excess of $10000/oz. That fig is totally irrelevant in the grand scheme of things as it just shows a depreciation in the $ not an increase in the value of gold, that will come when the fed losses its grip on the paper markets. ATB Speedy
Hi 96. Approx 10million reduction in the borrowed position in the lst few days down to 62 million. ATB Speedy
Hi All. Just for fun here are my thoughts on events in 2024.
1. POG to exceed $2500/oz.
2. Gold accepted as an exchange mechanism for trade between the BRICS.
3. The USA $ falls from grace as the reserve currency.
4. Central banks continue purchasing gold at record levels.
5. The smaller banks will be gobbled up by the big banks.
6. Unfortunately, the middle east countries will continue to blow them selves apart.
7. China takes Tiwan with a bent vote.
8. AI proves to be an unmitigated disaster.
9. Massive flows of funds into the PMs space.
10. GGPs SP exceeds ATHs.
Happy new year all. Speedy
Hi All. Wishing one and all a very merry Christmas and a happy new year.
Will be back in the break between Christmas and the new year with some more predictions for 2024. A sneak preview ( 2024 will be our year) ATB Speedy
@watcher. Why worry about things you have no control over? You are a minnow, the same as everyone here and your rantings are making you look paranoid. Chill out, laugh, have a beer with pals, life is too short to concern yourself with these matters. My remedy is holding most of my wealth in gold Brits, owning productive land, living in a multi generation family home and surrounding myself good friends, maybe you should do the same. Speedy
Hi All. Well done SD and the team at GGP.
As i posted previously, let the shorts have their profits, it makes no diff to the outcome. The shorts must be admired in a perverse way and must have "nerves o steel" to be positioned short at these levels. As production nears i see them running for the exit in increasingly bigger Nos and the SP going parabolic for a short time. ATB Speedy
Hi All. An uplift in the POG to $3000/oz by 2025 will help a bit too. ATB Speedy
@Freddie. No team here, just a desire to divulge info to the less informed such as you. Speedy
Hi All. The correlation between the amount of stock on loan for shorting and the SP movements is quite compelling. Whilst the % of shares in issue that are being shorted is insignificant, when in the hands of professional traders they can and will take control of the price. These traders are very aware of the Lassonde curve and will use carefully timed trades to take advantage of the "lull before the storm". Let them have their profits as it means absolutely nothing to the investor waiting for the storm. ATB Speedy