Member Info for speedymeadie

Hi All. Volatility is the name of the game in the PMs market at the moment. The poor old banks are in a corner and are finding it impossible to square their books prior to new regs being implemented. The rebound from new lows will be fast and furious and i fully expect swings in excess of $100/day. Trade these mad swings at your peril. Buy physical metals and hold for a few years is the way forward. When the POG takes off to the upside our SP will react in step. ATB Speedy

Hi Lenz. Working out where the POG will be in 20 years is relatively easy. After the end of the price suppression and the increase in value the POG it will do what it always has done, protect your spending power. ATB Speedy

Hi Jack. Most of the types you mentioned just follow the rest of their types and have no individual input as to what to invest in. Once the market wakes up to what we have it will be explosive. ATB Speedy

Hi Bamps. Love your posts. All we have to do is sit back, relax and see our SP eventually reach fair value. Where that fair value is depends on the POG/CU and how much is found. As for the POG, i see a much higher price and as for what GGP find, who knows. ATB Speedy

Hi lebugue. Maybe they have. ATB Speedy

Hi All. I stated several days ago that the PMs market would be very volatile, 4000 contracts were sold in 2 mins during a very quiet period on the Globex market. This was not normal practice and was just the banks using the FED statement that they are considering raising interest rates in 2023. The engineered drop hit traders stop losses and cascaded the price lower on Friday to a fall of $140/oz from recent highs. I fully expected the bully boys to let the price run higher before this engineered pull back. The banks are desperate to square their books and are finding it impossible to retreat from their extreme short position ( approx$40billion). I now expect the price to recover to over $2000/oz prior to another pull back and then on to all time highs. What this pull back represents is an opportunity to acquire a position at a discount. If you are able to purchase gold Brits at a 4% premium on Monday i suggest you grab them with both hands and GGP stock at below 20p is a gift from this corrupted market. All this action in the PM space is pure noise and a look at the long term action going back 50 years is an indication of where the POG is headed. ATB Speedy

Hi Jack. Feel free, but please include the caveat "this is my take on the market" ATB Speedy

I was just about to counter his post and it seems to ave vanished. The market wants you to sell and go chase better opportunities. The problem with that is most opportunities vanish just like his posts. GGP is a once in a generation Co and i for 1 will continue to disregard the noise and hold for production. ATB Speedy

Hi All. I have not had time to read the 100s of expert posts and watch the 100s of vids about the PMs market. What took place last night in the globex market was a flash pullback by the banks in a very quiet market all due to the fed announcing a possible rise in interest rates by 0.6% in 2023. With inflation roaring a rise in interest rates to 0.6% is totally insignificant and the real negative rate is significant. This bank led drop is just an opportunity for the criminals to clear some shorts and the fall will soon reverse to the upside. Do not worry folks the POG is headed much much higher. ATB Speedy

Hi Mush. Your "discovery of a big cave full of gold goblets and bright jewels" is my stash, go find your own please. ATB Speedy

Hi Paddy. What is your preference? Sell 5% at FMV or retain 30% for life of mine. ATB Speedy

Hi Bamps. With Newcrest it is all about ROI. I see Newcrest proceeding at 70% and GGP at 30%, that suits me. If more funds are needed for our exploration program or mine development at Hav the banks will be queueing (is that spelling correct)up to fund us at a very fair rate. ATB Speedy

Hi Jonno. I expect much more volatility in the POG in the coming weeks. The small pull back will be short and the rebound rapid, this is just the banks playing their paper games. I fully expect the price to rise much more before a short significant pull back and then on to new highs. There are no fundamental reasons pointing to a lower price but many many reasons for a much higher price over the next few months. ATB Speedy

Hi Sliotar. The small knock down in the POG is just the banks playing their paper games and has nothing to do with true value. The time for thinking about acquiring physical gold and related stocks is over, it is now time to act. Massive inflation is coming and the only way to stop it is higher interest rates. Problem is the debt level is so massive the world economy can not survive 10% or 15% rates. Most stocks, bonds and financial assets will see huge pullbacks compared to PMs. It is hard to predict the future and i may be barking mad and totally wrong but my use of physical gold as proved its worth over the last 50 years and will probably continue to do so for the next 50. ATB Speedy

Hi Bond wanabee. The only shame is your presence here.

Hi CWRW. It always does and always will. ATB Speedy

Hi TMT. I think Christian values are good but an all seeing all knowing entity is beyond my comprehension. Use the wealth you have accrued as you see fit and as long as you are happy with your lot all is good. Keeping your GGP stock in the family is probably one of the better decisions. ATB Speedy

Hi All. In real terms the only two things that matter to our SP is the POG/CU and the amount found. For the gold price there is a double whammy coming in the shape of massive inflation and the ending of the price manipulation. Add to that the increasing size of our asset at Hav and a perfect storm is heading our way. ATB Speedy

Hi TMT. Good luck with your chosen path, check back in now and again and keep us all updated. ATB Speedy

Hi Hydro. I will eat my girl friends cat if we are not included in GDX. A tier 1 mine JV with the best in the game is something they will not ignore. Only question is when. ATB Speedy