Member Info for speedymeadie

Hi Walkabout. Your response is exactly what i am referring to. I was responding to a woke comment from my really good friend Tiggerman. The hypocrisy from people is of the scale. Pray tell what you found so offensive. ATB Speedy

Hi Jerry. The "Kick the can down the road" can and probably will be done by the BOE. It is up to them to adopt Basel111 or not. In my opinion it does not matter that much as the Chinese SGE will rule the roost and physical gold trading will make the COMEX and the LBMA a thing of the past. My preferred outcome would be for the gold mining community to create their own new market. If the likes of Barrick, Newmont, Anglo etc got together with Piere Lassond at the helm the mining industry would reap the rewards. ATB Speedy

Hi Joe. Only time will tell. ATB Speedy

Hi All. With all the shenanigans in the PMs space over the last week the banks have added approx 200 contracts to their short position, this fig is very small but it is in the wrong direction and now appear to have lost control as the POG slices through $1800/oz. Only 9 weeks left for the banks to retreat from their massive short position. If you think the shorts on GGP are pooping their pants then the criminals on the COMEX and LBMA have filled the pan and are now looking for corks. I have seen estimates, from insiders, of a combined $600billion that needs to be squared. Once the POG is set free the effect on profits for gold miners will be (use your own adjective). ATB Speedy

Hi Jkeith. What are your thoughts on a fair buyout price? With so many unknowns and fluctuating metrics best to throw a dart and see where it lands. For me, a offer below £1 would be unacceptable. ATB Speedy

Hi Floater. Silly me. ATB Speedy

Hi Matty. The world needs bees and so do my knees. ATB Speedy

Hi Mickey. $1800/oz has been the banks (BIS) defense line for some time. The next level to be defended is $1900 around the end of Nov followed by a sharp correction sub $1850 and then on to all time highs early in the new year. After that my crystal ball starts to get a bit cloudy but i quite easily see $2300/oz if not higher end Q1 2022. These predictions are just that, but the predicting process is backed up with real time statistics, news and market action. For a good bet, short $ long gold. ATB Speedy

Hi Floater. Thanks for the reply. £14.45p will see me 50% out with a free ride on a few million shares. Spend the rest of my time tending bees. ATB Speedy

Hi Timber. All very exciting. I suspect the POG will increase up to end on Nov then a sharp pullback prior to the new year. In the new year all bets are off but i see at least $2300/oz by end Feb. Some may ask why. First lets look at silver. India has purchased more in Sept than the last 12 mths, Standard Chartered have just purchased all available physical silver available well into 2022 after being the big short. Anyone for a POS @$80/oz in 2022. For gold, Turkey have been on a buying binge and so has the USA buying physical gold with both hands. I am super bullish gold and silver and time is fast running out for folks looking for a safe haven for their wealth. I have been banging on about this for quite some time but now is the time to act. The effect on our SP will be substantial. Maybe Tymers would care to submit his SP estimate with a POG @$2500/oz and a possible $3500/oz at time of production. ATB Speedy

Hi Bottle. It just goes to show that a difference in opinion does not have to be a slanging match. 2022 will be an interesting year for the POG/S and our Co. ATB Speedy

Hi Bottle rocket. "Basel111 is a nothing event"That is a bold statement. It is designed to reel in the derivatives market and will have a massive effect on how trading is done. It is hoped to lessen counterparty risk across all markets (think 2008) The Achilles heel is the fact that each individual governing body will have the power to accept or not. If the BOE adopt the new regs the LBMA will have to change their dealing style. There is immense pressure on governing bodies to accept Basel111. Best to wait and see in the new year. ATB Speedy

Hi Tig. To get to my stash they would need a lot more than a metal detector, a army made up of the sneaky brigade would find it impossible. The council flat is beyond needing a clean, have you go a flame thrower? Keep up the light hearted posts we need it after the action here. ATB Speedy

Hi All. The $30/oz false drop yesterday has been taken back and more today, what is interesting is the FX effect. Watch out for the next bank driven, on false news, drop to keep the price below $1800. The banks are trying their hardest to suppress the price but only succeed in increasing their sorts. This is getting very exciting and the physical holders will have the last laugh as will holders of GGP. ATB Speedy

Hi All. Best to stop looking at buy or sell and concentrate on the price and volume of the trade. ATB Speedy

Hi All. Yesterdays action in the gold market is a good example of market manipulation. The MSM released news about service related increases (from a rock bottom) and the banks dropped the price $30/oz (earning $30/oz on a massive short ) The market then resumes its normal activity until the banks drop the price again on BS news. I fully expect increased volatility up to the new year and then a substantial rise. ATB Speedy

Hi Tall. Closing words on the vid "Australias largest gold mine" Love it. ATB Speedy

Hi. No mention of a independent valuation then. ATB Speedy

Hi Tallchap. Good idea, it will take the speculation away. ATB Speedy

Hi Jay. It maybe a decision is not up to us or the BOD but a outside expert. ATB Speedy