Member Info for speedymeadie

So much text saying absolutely zero

Hi Buffa. Give Tavex of Hatton Gardens a try. For a 10 box you should attain around 3.5pc premium over spot. That fig may have changed with the recent volatility but I find their premiums to be as good as it gets. ATB Speedy

Hi Martyin Buying gold bars direct is a bad idea unless you like paying CGT on your profits. ATBSpeedy

Hi Corradus. The PM AM London fix is used as the benchmark for buying and selling across the market. This FIX is starting to break down as the premiums for physical gold show.

I Hav explained here many times how this FIXED price has cost the mining industry billions in lost profits. When, not if, the paper market stops leading the way and true pricing through a physical market is in operation the better. The Chinese are trying their hardest. ATB Speedy

Hi all. One of the reasons for the record pull back was a margin increase for holding leveraged contracts. The COMEX plans further increases onMonday. If this is the case then further pull backs are possible. Monday will be interesting. ATB Speedy

Hi Nosweg. I was going to reply to the unmentionble one. But decided not to lower myself. ATB Speedy

Hi all. I remember the drive by shooting in 2011 when the POS was smashed by the banks in the same manner as today. From a high of 50/oz all the way down to 12/oz. This time is totally different and physical buying will see this drop in the rear view mirror In record time. Gold has been hit but no where near as bad and also will rebound fast due to a complete lack of trust in the system.

ATB Speedy

Hi All. I did mention a few days ago that a pullback was on the cards. The banks were hurting and the relentless rise had to be stopped. I did not expect such a dramatic event.

They have managed to take out 5k/oz. I now see any buying below that print to be a good entry point.

If buying coinage on Monday watch out for excessive premiums and haggle a bit. ATB Speedy

Hi Two Wheels. Thanks for posting that link. In the bid he explains it exactly. The criminal banks will do whatever it takes to keep control.

But if investors ignor the paper market and hold physical metals, all will be fine.

Not long to wait now and the COMEX and the LBMA will be a thing of the past. ATB Speedy

Hi Wash. Totallythe wrong way to do it. But you know that don’t you

Hi PJ. Well said. No one, except the instigators, could have forecast the speed of this pullback.

Best to just look at it as a buying opportunity.

If Mr Lassonde says 17k/oz I have no reason to question itATB Speedy

Hi All. Most PM “experts” just follow the general narrative. There are very few that I take notice of.

Mr Lassonde is one of them. He is one of the most successful PMs investor in history and what he says goes.

When talking gold miners he says they are undervalued in the extreme and have not stepped up with the POG. When asset managers are forced to recognise the coming reset the scramble will see the sector explode.

These are his words not mine but I thoroughly agree. ATB Speedy

Hi GPSRF Thanks for the info.

I am in contact with many bar and coin dealers and demand is very high with most getting restricted deliveries. ATB Speedy

The only way to resolve the shortages is with much higher prices to entice holders to sell

Hi All. The criminals working the system on COMEX and LBMA are in panic mode.

Physical deliveries are massive fed by the premiums received in the East.

They want it down and are prepared to throw as many dollars as is needed to achieve their goals.

They will fail as their reserves are depleted and default will be their only option.

This pullback is designed to spook weak hands into selling and to hit stop losses creating a cascade.

The smart money will be buying with both hands. ATB Speedy

@victorocto ????????????????

Hi Esduk. Just seen your post, well done you. ATB Speedy

Hi all. I hope some of you have took advantage of this orchestrated pullback. It means nothing apart from a small discount for buyers as this will be short and sharp. ATB Speedy

Hi IPad. To go it alone will require funds. If results are good it should not be a problem, as you say. ATB Speedy

Hi Sageman. You are 100pc right. We are witnessing

A global shift from fiat to PMs

The point about a pullback was to highlight the buying opportunity if it were to happen. I fully expect a 200 or 300/oz pullback and then upwards,

There is no stopping this bull and it will run to levels that seem plain daft today. ATB Speedy

Hi djm👍