Member Info for speedymeadie

Hi Bully. YES. Speedy

Hi Capn Carrot. Inthe 2008 financial crisis the banks were bailed out with tax payers money. The gov do not want/cannot bail them out again so laws have been passed called bail ins. This is where bank bond holders depositors and even current acct holders can have their funds confiscated or turned into bank stock. This is not me speculating it is written into law. As for the £85k gov guarantee scheme, this is so underfunded that all it is is a comforter and totally unfit for purpose. The events this week with Credit Suisse, Nomura and Archegos should be a wake up call to people. The banks have never ever been in such a perilous position with massive nonperforming debt and with a fractional banking system so leveraged and hooked on derivatives a banking crisis is almost guaranteed. I will add IMO. ATB Speedy

Hi Bully. Because JPM have switched their position to net long the PMs market. The game has changed and most of the bullion banks have got left behind. Time will tell. ATB Speedy

Hi Bully. The message was relevant then and still is today. ATB Speedy

Hi dmacd. I see a downturn in the general stockmarket from its all time high, bloated, bubble type valuations. At present inflation has show up in the stock market and is starting to show up in main street( as it has been for years but the statistics are corrupted ) as it surges into double figs the central banks will have to act but their hands are tied by massive debt so interest rates will not be allowed to keep up with inflation and will remain negative compared to real inflation. With that in mind physical PMs and related stocks will be the overall winners. A move into cash is a dangerous move as the banks will not hesitate to convert your cash into worthless bank stock. I may be well of the mark with this prediction, so must add this is all IMO. ATB Speedy

Hi All. Over the last 6 mths there has been a concerted effort by the bullion banks to drive down the POG to cover their shorts. My personal view is that they have not yet finished and more downside is to be expected. The $300 false drop in the POG has effected all aspects of the PMs market including GGP. The drop will reverse soon and the POG and GGP will surge much higher. The smart money knows gold is headed much higher and are positioning themselves accordingly.
The recent news about the massive losses accrued at Credit Suisse and Nomura and failed hedge fund Archegos is just the start of a bear in equities.
Inflation is rising in all sectors of supply and manufacturing plus food and commodities. This is a perfect storm for the POG.
The consequences of prolific gov spending via unearned fiat will be horrific.
Our new CEO and most other smart individuals will be looking to maximize their exposure to commodities. The purchase of the adjoining tenements at EG along with all our other prospects will prove to be very profitable to GGP SHs and provide a shelter for what is about to be unleashed on a unsuspecting world. ATB Speedy

Hi Spratt. Then they would have won. Beat them with facts and stop them in their tracks.
Fact (1) We have shed loads of gold.
Fact (2) We are getting the stuff out of the ground soon (unlike most explorers)
Fact (3) 30/25% share in a tier 1 gold mine.
Fact (4) We own many other promising tenements.
Fact (5) No debt
Fact (6) our assets,gold and CU are in a bull market.
ATB Speedy

Hi Holla. One more point to make, if the POG had not been held down by the criminals on the COMEX the well stated price of $5k/oz would probably have been achieved by now. I see good reason for the POG to double shortly and then double every 5 to 7 years. ATB Speedy

Hi Holla. Ever since JPM took over the silver short position held by Bear Stearns (2008) the POG/S has been manipulated down to make the $ look better. It took massive leverage and huge amounts of $s( 60 billion) in 2011/2012 to bring the POG to heel. During the last 10 years JPM have been selling paper gold/silver and at the same time buying physical at a depressed price and now hold the biggest stash of physical ever held by a private entity. The manipulation is not going to continue, the LBMA and COMEX are on their knees and i see a default in delivery coming soon. I advise holders of paper gold/silver in ETFs to convert to physical as soon as practical. There are some funds that hold physical Sprott (PSLV) is one. ATB Speedy.

Hi Holla. You say "gold would hang around these levels" How long will it stay at these levels is the question. The LBMA and the COMEX paper gold trades (in $ terms) more than, US treasuries, German bunds, UK gilts and almost as much as S and P total stocks. This is in a physical gold market place that is almost insignificantly small compared to those just mentioned. This is such a corrupted price discovery market that it beggars belief. The COMEX is in trouble with physical deliveries and is only kept going with help from leased gold from the LBMA and BIS. Soon the massively leverage position will implode due deliver defaults and result in a much higher price. That is without the effect of inflation, currency debasement and massive unpayable debt. I expect the POG to double every 5 to 7 years for the foreseeable future. ATB Speedy

Hi All. In this post i will concentrate on the major not the minor ( the minor being the farce going on here).
World finances are in a mess (fact) Fiat is failing (fact) World stock markets are in a bubble(fact) Bitcoin will be banned(maybe) The PMs market is manipulated (fact) Total world debt is so high it can never be repaid (fact).
With all the above in mind the smart money wants to retain its wealth and are buying up tangible assets. With the POG being manipulated down this also drives down related stocks (explorers, miners, royalty Cos etc) this allows the smart money to buy up the related stock at a discount. This is happening all across the PMs market. Joe public is pumping $billions into the equities market whilst the smart money is selling it to them and in turn buying into the PMs market.
Gold/silver is the ultimate store of wealth and is at the start of a major bull run the smart money knows this.
GGP is such a wanted stock that the big boys will do all and everything to get their hands on it at a discount. Too many $billions of profit to let Joe public have it. ATB Speedy

Hi Merc. Leaving your physical gold/silver in vaults owned by the bullion banks is akin to getting the fox to look after your chickens. ATB Speedy

Hi Merc. I was just about to stick the boot in and you beat me to it. ATB Speedy

Freddie. GGP was a good buy at 1p 10p 20p 30p 37p and an excellent buy today at 19p. No point missing out. If your average price is above todays print just sit tight until the likes of Freddie and his gang have disappeared and we are back to correct valuation which is some where between 33p and 66p without finding any more gold and CU. ATB Speedy

Hi All. April 6th will see hundreds if not thousands of PIs doing £20k GGP purchases going through. I estimate £20million of shares needed in the week starting 6th. Not massive but it must have a positive effect. I have topped up in my trading acct ready to bed and isa to miss the rush. Another £60k in at these ridiculous levels. ATB Speedy

Hi All. I have seen several posts relating GGP to SXX. There is NO comparison. The holders at SXX were well and truly shafted by JPM. GGP are in a fantastic position, well funded, well partnered, well run and having found shed loads of gold. This is no time to sell, only to hold or buy more. ATB Speedy

Hi Sliotar. The garden is so rosy the big boys want it all. If you look at and think the action in this stock is fair and open i suggest new glasses. ATB Speedy

Hi Imp. My sincere apologies. My rant was certainly not pointed at you. I should have said "most" posts on the page.
It will be an interesting few years coming our way and the outcome for world domination and control of finance and currency is scary to say the least. ATB Speedy

Hi All. Maybe its time to force an EGM to find answers to all these important questions. It has been said that no news is good news but this dust bowl of communications is totally unacceptable. ATB Speedy

Hi Paddy. You will be missed. Stay strong. ATB Speedy