Member Info for speedymeadie

Hi Sharky. Not sure about Nos 1,2,4,5 or 6 but No 3 has done well, up 12% in 6 mths even after a $130/oz pullback. ATB Speedy

Hi Panama. For what it is worth here is my thoughts on the housing game. Short housing, long gold. That statement is a bit simplistic but sums up what is coming. My buy back into housing is when i can buy a 3 bed terrace for 50 ozs , If i am not pushing up dasies . ATB Speedy

Hi All. Skipping through the last 24 hrs posts and someone provided a link suggesting gold does not do well in times of inflation. Looking back at charts says this is mas or mes correct. The way to fight inflation is higher interest rates. Too much world debt takes that option away and negative rates are here for a very long time or until the system collapses. Over time the POG keeps up with inflation. Hyperinflation takes gold up to infinity. Negative rates are positive for gold and the associated rise is yet to be seen. Add to the mix the fact that the shorts in the gold market are loosing the battle and the tail winds for the POG are gale force.
The spike to $2060/oz and pullback to circa $1900/oz was totally predictable and the next rise will be to levels that are off the scale. ATB Speedy

Hi TomE. I apologize for my remarks to you yesterday it was uncalled for. Your posts today seem much more in keeping with a balanced view.
The meet today with SD seems to have gone down well, i will wait for JS appraisal for a real feel. ATB Speedy

Hi Droverman. The COMEX and LBMA are mainly a paper gold market. There are mechanisms for traders to settle in physical within the COMEX, but where is that physical going to come from if a large proportion of the traders demand delivery? The collapse is "when" not "if". The Shanghai gold market deals in deliverable physical gold and is in a position to set prices. My wish is to see the miners and refiners come together to form a new physical market cutting out the criminals that control the market at present. ATB Speedy

Hi All. just checked in to give my views on the POG but have been subjected to having to read TomE spouting insults and infantile rhetoric. One day TomE will come on here and say something useful and be forgiven. Until then i suggest he joins Tymers in a long walk where they can subject each other to mind numbingly boring conversation and leave us all in peace.
The shorts on Comex have reached an all time high. I suspect this is a last ditch attempt to drive the market down to allow an exit from their position. As i mentioned last week $1900/oz held and now the shorts are very very worried. If they hold their positions i see massive default coming and the end of COMEX and LBMA. Paper gold is finished, have you got your physical metals in hand? If not it will soon be too late to buy at these depressed levels. ATB Speedy

Hi CB. It is not a silly question, it is probably the most important question at the moment. Maybe you want to ask him the color of his socks. Speedy

Hi Zoros. Great idea. My question is "What would your acceptable price be for the 5%?" ATB Speedy

Hi Tymers. What you are saying is shop keepers should not hold stock because of shop lifters. You really do post some rubbish here. Speedy

Hi All. Folks are waking up to the fact that the biggest commercial bank with fingers in all aspects of world finance is as bent as a nine bob note. The criminals who profit from fraud and corruption at JPM will never be stopped until someone in government has the balls to break this massive criminal enterprise up. The cost to industry and investors is so huge it is scary to even try and put a figure on the damage they do. The regulators should hang their heads in shame. ATB Speedy

Hi Red. With both GGP and gold being manipulated it is hard to call it. I see both rising to new ATHs in the not too distant future. ATB Speedy

Hi Jerry. A big fat zero. ATB Speedy

Hi Jerry. We may have a problem achieving 50 knots with sails. ATB Speedy

Hi All. The action in the gold markets are playing out very close to what i expected. The sharp rise to $2060 and a pullback. I fully expect $1900 to hold and then on up to much, much, higher levels. ATB Speedy

Hi Jerry. Thanks for the offer to fit the engines, 2 Napier Deltics (6400HP) supplied and fitted just shy of £500k. We will have to also buy a tanker to follow us, fuel consumption is measured in galls /min. ATB Speedy

Hi All. The bullion banks tried to defend $1800/oz then $1900/oz and now $2000/oz. Their short position on COMEX has exploded to an all time high around $40 billion (net). It is blatantly obvious that they are losing the battle and its any ones guess as to when they say "enough is enough" and let the price rip. When, not if, the shorts close the profits for PM holders will be significant. ATB Speedy

Hi Starbright. JPM can influence the LME and almost all other markets and regulators. They hardly ever make a bad trade and if they do they can force a change in the rules. I remember when COMEX margins were raised by a significant amount to protect JPM positions. ATB Speedy

Hi 5eights. All very possible except the delivery bit. Send the gold and wait for your oil, you may have to wait for ever. Much safer to just convert your $s into physical gold and hold. ATB Speedy

Hi All. Another 266000 of these beauts at 14. 50p If its good enough for SD its good enough for me. ATB Speedy

Hi Kevin. Its the name of the pub no ref to gender. ATB Speedy