Member Info for speedymeadie

Hi All. The COT report on the COMEX shows the banks have managed to off load a few of their short contracts and the managed money (hedge funds) have given up some of their longs, overall no massive news but the banks are still in the hole for $35billion. India and China have been massive buyers of physical recently and retail buyers for coinage in USA and UK have stripped the shelves and bullion dealers are gradually pushing up premiums and extending deliver dates. At the moment the POG/S is trading in a narrow band and my feelings are that a break out to the upside is about to happen. If you are considering a gold or silver purchase i would act sooner rather than latter. ATB Speedy

Hi TMT. Your statement "supply and demand would send the POG to $300 or less". Boolody hell, it almost makes me wish all the drills miss. ATB Speedy

Hi Mineral holder. The concept of acquisitions would upset a few here, many are hoping for divis ( i am not one of them). Personally i would prefer profits from Hav to be used to expand the Co. That may be via further exploration of our present tenements or acquiring other small miners in the Paterson with a view to increasing their deposits via our exceptional exploration team. ATB Speedy

Hi Magic. Your unselfish and knowledgeable contributions to our BB are what makes this journey great, thank you. ATB Speedy

Hi All. The last 24 hours have been a classic example to not use stop losses. MMs love stop losses they want you to set them, they can see where they are set. You may as well paint a target on you wallet. The MMs took massive profits from PIs naivety. Let this be a lesson. GGP is on the rise and will continue to do so with the POG benefiting from FIAT debasement and a gradual winding down of the manipulation in the PM market added to the lack of large new deposits being found. Also the demand for CU will spike driving prices up. The fundamentals are in our favor for a much, much, higher SP. ATB Speedy

Hi Magic. What a star. ATB Speedy

Hi All. Fret not, this is just a typical stop loss raid by the MMs. There is massive buying pressure by HNW individuals and II and the shares have to come from somewhere. Recently a poster asked me what to buy, GGP or gold Brits? I stated that a sensible approach would be a split. I have just sold some Brits and had a top up here and it is already in the money, when it gets back to the mid 30s i will swop them back for Brits and wait for the next MM driven drop. Main holding is still intact and no matter what the MMs do they are not getting mine. ATB Speedy

Hi Midnight. We do not want her on our pier. ATB Speedy

Hi All. Just one more point. JPM are now the biggest holders of physical gold/ silver in world history. No entity, apart from central banks, have ever held more. JPM do not get it wrong. ATB Speedy

Hi TMT. There is a possibility of a lower POG. However all the facts i have researched point to a much, much, higher price. There are arguments for and against but i do not have the time or the inclination to air my thoughts here, they would fill the forum for days and days. What i would say is that old saying "follow the money" and there are many HNW individuals pulling physical gold from the COMEX at a unprecedented rate, when, not if, the COMEX and LBMA defaults on physical delivery the game is up and the POG/S will go to the moon. Nothing is 100% certain, so ladies and gents, place your bets. ATB Speedy

Hi Baby. With your views in mind you may want to take a look at JLP. They are planning, profitable, serious clean ups of toxic tailing dumps. ATB Speedy

Hi TMT. Thanks for the response. The manipulation is not the only factor driving the POG (and our SP). Manipulated markets never last for ever. Add to the mix supply and demand( peak gold, gold standard digital coin, flight from FIAT ect) and physical gold makes a strong investment case, along with the related stock of Cos in the PM game. I may be teaching to the converted but i am sure some readers need the background case for being invested here.ATB Speedy

Hi Red. Gold does not attract VAT and gold Britannias are free of CGT so do not need to be purchased inside a bonded store so delivery (if you so wish) cab be achieved. ATB Speedy

Hi SW2712. I prefer to store physical gold (Britannias) at the place of purchase this preserves the good delivery status. Your wish to by a kilo of silver is commendable but that implies the purchase of an ingot and that will attract VAT and CGT. Better to buy silver Britannias within a bonded store. They carry a slightly higher premium but are VAT and CGT free. ATB Speedy

Hi TMT. I respect your points of view and see you as level headed and knowledgeable. I stated that physical gold will be a wealth maker when the suppression stops. Would you not class a X 5 increase in value as wealth creation, may be a change in wording to capitol appreciation would be better. ATB Speedy

Hi Droverman. Can you please expand on your "20th reset" comment. ATB Speedy

Hi Panama. Thinking of you, keep smiling, i know it is hard. ATB Speedy

Hi Kevin. I hold silver to trade in PHSP, PHAG only for brief periods of time. No ETF is safe long term. When, not if, the price of PMs spike to levels that are unforseeable today you will be locked out and paid in worthless $s. The fact that JPM are the main custodian tells you all you need to know. ATB Speedy

Hi SW2712. Sorry for the delay in answering your questions, been busy. The only safe way to own gold is in physical. Paper gold ETFs carry major risks. Gold or silver? Gold is real money whilst silver is not seen so much as money and more of a commodity. Some experts say silver will out perform gold so it is a good idea to hold some in physical form. The silver market is even more corrupt than the gold market and can be extremely volatile and is not for the faint hearted. ATB Speedy

Hi Bully. You are totally missing my point. I say gold will be a wealth maker when the manipulation comes to an end. At the moment the powers that be are trying to push thru Basel 111 regulations that says all trading must be backed by 85% cash or hard assets. The change in the rules was meant to be implemented by now but keeps on getting pushed back and will not be in force now until 2023. This is because the gold in not available in the quantities needed for physical deliver on the COMEX. The gold will be available but at a significantly higher price level than now. The POG is being distorted lower to dissuade investors, when, not if, the correction happens there will be a spike in the POG. If you buy gold now when the value of gold goes up that is not just a store of wealth but also a wealth maker. Now do you understand? ATB Speedy