Hi Bamps. Apologize for the delay in answering. The LME is the last of a dead breed by dealing in the "pit" with dealers shouting at each other. The closure of gold futures dealing on the LME is no surprise. The low volume is probably down to the paper market trading at a discount to physical and the liquidity providers being reluctant to back the trades with the traders demanding physical delivery. I just see this as another nail in the paper gold trade, and not before time. ATB Speedy
Hi all. Profit is for spending on things you want/need. Have sold some of my beloved gold brits and some GGP stock to fund the purchase of a home is the country to house my grandson, son and mr and mrs speedy. Still hold a shed load of Brits and a 7 fig stash of GGP. My target for top slicing was 40p so just missed the top and like so many GGPers have seen the paper profits diminish. I will be holding until production and that will be me finished with the stock market. Hoping to be fit enough to carry on with my exploration of this beautiful planet. ATB Speedy
Hi All. The removal of the thread showing the holdings and resolve of investors is a pure indication of the level of corruption and the involvement of this sites owners. ATB Speedy
Hi All. The COT report shows an increase in the bullion banks short position of 18000 (net) contracts as of 12th Apr. This is in the face of massive physical buying pushing the POG up $50/oz. When will they give up and throw in the towel and take the $50 billion loss on the chin is any ones guess. ATB Speedy
Hi Antigua. Worry not, the more a beach ball is pushed under water the higher it breaches the surface. In other words, when the shorts go long the rise will be spectacular. Hold for that event. ATB Speedy
Hi Cheltenham. Or maybe trying to force a bad 5% agreement. This is big business and the gloves have been of for a while. Our man SD has it in hand and will not be sucker punched. ATB Speedy
Hi Lauren. Are you for real "the 5% has stalled" I suggest a night reading the about the MRE2 and the 20% spread on the estimated FMV. NCM want to pay as little as pos and GGP want to receive as much as pos. It has not stalled it is being negotiated, please keep up. ATB Speedy
RE: Last minute shorting to get another 0.1 of the SP30 Mar 2022 18:20
Hi All. When the idiots turn up you know something is afoot. I wonder what? Maybe a last ditch attempt to square their books? I am convinced the shorts are now worried, why else would the idiots be here? ATB Speedy
RE: Last minute shorting to get another 0.1 of the SP30 Mar 2022 18:00
Hi Saxon. I think the reason you are being treated as a troll is because of your 4p statement. If you genuinely believe that to be the case then at least offer up an explanation why. ATB Speedy
Hi CJ. $1900/oz will hold. Todays dip just below that psychological level was forced and false. The bullion banks are desperate to close their shorts and are trying their hardest to close below $1900/oz. To hold down the POG they have had to increased their short COMEX position by 1000s of contracts, the exact opposite to their wishes. Anyone who thinks the POG is in trouble has no idea what is going on in the world. ATB Speedy
Hi All. Please can we start playing the ball and not the man. If a poster states something that you do not agree with please counter with facts and not insults. All this name calling and *****ing is very boring and adds nothing to the knowledge base. ATB Speedy