Member Info for speedymeadie

Hi All. The fact that the POG has not rebounded off of its present lows is a clear sign that the lows are not yet in. I think the shorters on the Comex are looking for a further drop and $1780 is in their sights. If you are an investor and not a trader this is irrelevant as there is one certainty, the price will rebound to new highs. ATB Speedy

physical PMs obviously

Hi Daveri. The recovery plays seem like sirens to me, equity markets well over priced. The good thing about the PMs market is the knowledge that they will never go to zero, sleep easy. ATB Speedy

Hi Tymers. Just good banter waiting for GH to blow the bloooody doors off. ATB Speedy

Hi Spy. What could possibly go wrong? ATB Speedy

Hi Bebeto. I have it on good authority that a birds bush in the hand is worth a bundle. ATB Speedy

Hi Oilmonkey. Sell your house now, go join Mushy in the sun for the winter, come back April and take advantage of the house price drop coming after the stamp duty holiday and GGP SP has taken off. Sell 5% of your holding and buy a palace. Simple. ATB Speedy

Hi Coin Collector. Our posts overlapped and your summary is in line with my understandings of action on the Comex. Buying contracts and standing for physical deliver will hurt (or break) the bullion banks if the POG was over $1920/oz, hence this orchestrated move south into the contract close. They want as many contracts as poss to close out of the money. Will be very interesting reading the COT report for todays close, my bet is not many shorts will have closed and the banks will still be in serious trouble, bless em. ATB Speedy

Hi All. It looks very likely that the bullion banks will take the POG down below $1800 (briefly) to hit stop losses and allow them to close some of their shorts. If you are trading the POG i strongly suggest removing your stops and riding out this manufactured take down. The price will rebound very quickly. Our SP is holding up well and when the POG rebounds it will take us with it. ATB Speedy

Hi Fendorio. Best post of the day, shame some peeps cant pork choply. ATB Speedy

HiDaveri. There are many reasons, gold is money, silver is money and commodity. Also there is the price suppression debate. I am very long silver and will remain so until the 30/1 ratio is hit. ATB Speedy

Hi Spy. The POG is still well up yoy, the global economy is still a mess, $17trillion in negative yielding bonds. This fall is being orchestrated by the commercials to allow them a way out from their massive short position ($40billion) on the Comex. This manufactured correction will be short lived and new all time highs will be seen in the coming months. Take this as an opportunity to enter the physical PMs market as these prices are a gift. The Chinese are buying dore direct from mines and importing it. There are more and more digital coins coming on line that are backed by gold. We have massive amounts of the stuff and that will be reflected in a much higher SP shortly. ATB Speedy

Hi Bamps. So many tier 1 possibilities. The chances of a total GGP buyout is getting greater and greater. Barrick, Newmont, Anglo, Rio and Newcrest must be looking at our assets and salivating. Problem is at what price. With cheap financing available to the big boys i see a offer coming soon. ATB Speedy

Hi daveri. Not me, but someone earlier did say he sold to pay his mortgage off circa 500k not sure he means £ or shares. Please folks stop selling the traders will pay more, if you need funds a few more days will provide you with more £s. ATB Speedy

Hi Hydro. You state " they are building positions" Who, the funds them selves or traders front running it. ATB Speedy

Hi All. The commercials are using the Covid vax news to their advantage and trying to cover their short positions on the comex. This slight fall is smoke and mirrors and should be used as an entry point into the physical market for the PMs. The world financial position has not recovered overnight and massive money printing will continue. There are so many bullish signals for the POG and i expect record breaking highs in the near to medium term. ATB speedy

Hi Tig. I experienced the same event but on a 180k ton super tanker (Esso Mercia). As for guessing the SP, no need, the market does that for us. I was more interested in trying working out our future value. When Bamps mentions the value in the CU and $billion for other metals plus are we at 5/10/15/20mil ozs for Hav plus our other assets, makes it very hard to come up with a reasonably accurate fig. My guess is "considerably higher". ATB Speedy

Hi Tom. "Bank the 5% and wait for production to start" sounds like a plan to me. ATB Speedy

Hi All. Great debate, makes a change from the usual BS over the weekend. I have just spotted the big mistake in my maths on valuation. I suggested 20mil ozs for todays SP. This is blatantly wrong and should read 5/10milozs. Or am i wrong again? When questions are asked and we have reasoned responses from posters all investors here benefit from the debate. What is GGP worth? The spread in individuals pricing is huge. I personally like Mickys £1.44p, only because it high. ATB Speedy

Hi All. Beef wellington just hit the table, see you all tomorrow. ATB Speedy