Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Hi Culpepper. Interested to know how you intend to "protect your capitol" ATB Speedy
Hi All. The posters that stated the SP would drop after finance was secured were ridiculed by many on here. Just goes to show how much regular punters know. Professional traders are all over this. Not a trader myself and patiently waiting for my target. ATB Speedy
Hi All. Waiting for the COT report tonight for positions held on the COMEX up to Tuesday close. My bet is on a massive increase in the banks short position. The news from the good ole USA is an increase in jobs created and a drop in the unemployed. Read that as "burger flipping increasing" and " cant be bothered to work pass me the meth". Under no circumstances must you be influenced into selling your holdings of physical gold. This recent pull back has been manufactured to make the $ look good, A bit like putting make up on a corpse. ATB Speedy
Hi All. A very interesting vid on kitco discussing CU mining. Production is about to fall of a cliff and new projects not coming on line till CU is $7. Average cost from find to production £1billion. What a good position GGP is in regarding CU. ATB Speedy
Hi Aim. As i said in my last post "only the brain dead" would short gold at the moment. I must add to that (only the receivers of free $s) would short gold in the present climate. It is obvious to me that the banks have not given in yet but will let gold rise in increments and not allow it to go parabolic, emphasis on yet. ATB Speedy
Hi All. I expect a lot more days of volatility. The spike up was subdued by massive amounts of selling on the COMEX and it will be interesting to see the COT report on Sat to see the change in their short position. One day the spike will continue up and up as the banks (Fed) lose control and i think that day is drawing near. Who in their right mind would swap gold for $s? answer- the brain dead. ATB Speedy
Hi All. The erosion is disappointing but somewhat predictable. Being an investor, not a trader, i am prepared to wait for my 1p target and then a free ride. If it happens all is good, if it fails, thats life, ATB Speedy
Hi Tig. A very merry Christmas to you, hope you are keeping well. Your old friend,Speedy
Hi Culpepper. Divis above bank rate is one thing, divis above inflation is another. Divis reinvested may offset the loss of stock value but overall it is the Co paying you with your own funds. If you find that hard to understand there is nothing more i can add. ATB Speedy
Hi All. You can count on one hand the Cos in the FT100 that pay a divi above inflation and 4 out of 5 have lost significantly more % wise than divis paid out. Lets be clear about divis, the cos that pay them are just giving you your own money back and every payment in effect reduces the value of the stock. Much better to go for growth. ATB Speedy
Hi All. The banks tried and failed to hold at $2050/oz now they will try to hold $2100. They have reduced their long position by approx 10000 contracts and increased their shorts just under 20000 contracts. This will not stop the rise and the battle at $2100 will be won by physical gold purchases over whelming the paper markets. I expect a little profit taking once $2100 is breached and it may slow down the rise but $2500/oz is on the horizon. By the time we are producing i fully expect the paper market to have imploded with disastrous outcomes for ETF holders of paper PMs. This implosion will allow the PMs space to return to a supply and demand pricing and a re rate to true value. What this will do to miners profit margins is easy to understand. ATB Speedy
Hi All. Lots of "opinions" on why we have had a good turn up on the SP. Readers of this BB are fully aware of GGP but there are millions and millions of others that have never heard of GGP. With the POG racing away to the upside, investors are looking more and more into the PMs space. You only have to look at Newmonts SP over the last few weeks to see that the gold miners are coming back into fashion. Those looking for more leverage have "stumbled " across GGP, seen it as a good bet and bought in. I do not buy into the idea that there is a big buyer out there nor do i think our JV partner is looking to buy us out, they are much too busy at the moment. The move into the PMs space is just starting and when investors see the rising POG the move will accelerate and a frenzy will develop. GGP is about to enter into a perfect storm. ATB Speedy
Hi All. "Potential" A word that carries a premium to those that are in a position to take advantage. Our BODs are in that category. ATB Speedy
Hi JPtop. Pricing gold in fiat has always been a problem. A better metric is oz/oil and that ratio has not varied much in decades. There is no profit to holders of gold with an increase in price due to inflation. The real profits will be made when the banks lose control of the paper market due to physical purchases. Another good metric is gold v residential housing and when i can buy a 3 bed terrace in the SE for around 50 Britts it will be time to re enter the BTL market. ATB Speedy
£20k/yr
Hi All. Now is not the time to talk of "when to sell". It is more like "what to buy". The rush from financial assets into the PMs space will see massive daily rises in the POG and the producers. UK investors will find it very hard to find a tax free safe haven. Only £2k/yr into an ISA. I see a huge demand on the way for gold/silver Britts with premiums getting higher and higher. I wonder how many here are saying "should have listened to speedy and bought some Charlies" It is still not too late but it will soon be. ATB Speedy
Hi All. Looking forward to tomorrow, see you all there. Next time Tig. ATB Speedy
Hi All. Not sure what he fed will do, but, if they flip from QT to QE the POG will spike like a GGP rocket. ATB Speedy
Hi All. The BofE has had to intervene in the gilt market. Long term gilts have been driven down 25% in 24 hours since the bank announced purchasing in $5billion lumps and stating it will spend as much as is necessary to stem the rise. In effect it has gone from QT to QE a 180 degree flip. No one wants gilts, so the interest has risen to make them more appealing, but at massive cost to gov so the bank has stepped in to "lessen the burden". The crucial part is the fact that the treasury "our money" has guaranteed the bank against losses. This is a big thing and the gold market has see this and will react. Just another nail in the coffin for fiat. ATB Speedy
Hi All. The rise in the POG is due to more than just a vague idea that rates will hold. The debt that has to be rolled over in the next quarter will see many, many, individuals, Cos and institutions (including banks) hit the buffers. Govs will have to raise taxes to pay the interest on the out of control spending, loading more pressure into the system. Buyers of Gov debt is reduced to the central banks and that causes more pressure. Add in the warmongering and unease around the globe and it is no wonder that gold is rising. I may have been a little premature with my "$2500/oz in 2023" prediction but not by much. ATB Speedy