Member Info for speedymeadie

Hi Spy. If the POG falls below $1800 the banks will probably go long. When that happens the rise in the POG will astound you. Have your cash ready for the dip. I did warn of this dip a few days ago and got told off for it. RTC where is your apology? ATB Speedy

Hi Oilmonkey. You know it makes sense. ATB Speedy

Hi All. Bought another batch of Britannias today, lubbly jubbly. ATB Speedy

Hi All. The world was in a mess long before Covid19. This vaccine is good news but offers very little in the way of changing the outcome of years and years of monetary madness. If you think the $ £ euro etc are good and sound just because a vaccine has been found i fear for your financial wellbeing. The debt is still there with trillions more to come in the very near future. The drop in the POG is welcome, it allows the banks to close their shorts. The GGP SP will rebound very quickly along with the only real money GOLD. Stay calm. ATB Speedy

Hi Jerry. Got to just love Fosterville, 40grms/ton on average with 99% recoverable, outstanding. ATB Speedy

Hi Jerry. The supply side for scrap gold has virtually dried up. For many years i have been purchasing mainly scrap Indian/Thia jewelry, this has slowed to a trickle. I have recently diverted my attention to acquiring more Britannias. The new 2021 is a thing of beauty and extremely hard to forge. ATB Speedy

Hi Thelearner. When investors realize that the bond market is losing them money with negative returns and the stock market turns bearish along with a run on the $ and negative interest rates for savers there will be a stampede into physical gold and related stock. This will lead to a massive shortage and gold will not be available at anything remotely resembling todays pricing. New mines take on average 7 years to reach production, by then it will be a whole new world and too difficult to predict, with the exception that the POG will be a sight to behold. ATBSpeedy

is going on here, best to close the site down over the week end to save our sanity.

Hi All. The SP for GGP is leveraged against the POG. Ever % increase in the POG increases the value of our Asset by a much greater %. This is due to AISC (fixed) and POG (fluid). The bullion banks(non believers stop reading) are at record level short on the COMEX( net $40billion). When the banks go long and gold is allowed to find true market value the SP for GGP will make Mickeys £1.44p look lame. Just imagine 25% of 10mil ozs at $3000 profit after AISC. This prediction is not nonsense this is almost guaranteed. Now you know why Mr and Mrs Speedy are holding GGP shares. ATB Speedy

Hi Darientaylor. For your info the marketcap of GGP is based not on income but on asset value, and undervalued at that. Speedy

Hi All. The only person talking sense here is Hennabibi. ATB Speedy

Hi I left out 3 very important ones. Housing ( how much gold to buy 1 sq mt of a house) and man hours( how many hours to work for a oz of gold and land ( oz /mt) ATB Speedy

Hi Mercedesman. Is gold getting more valuable or is the $ getting weaker? Start of Nov $ index 94 today $ index 92.3. Gold will only gain in value when it rises and the $ rises. What will happen when the POG suppression finishes and the $ stops being supported? When that happens (not if) the POG will revert to its true value, and it will be many multitudes of todays price. The only way to price gold is against other commodities, it would be interesting to look at charts giving correlation between gold and corn/oil/gas/hogs/nickle etc. ATB Speedy

Hi RTC. You should take some time and check out the commitment of traders report on the Comex. it is a very detailed account of the longs and shorts. The report does not mention who the cos are but there are not that many players with deep pockets to take the other side of the PMs bull. Ignore the shorts at your peril. This info is only for the traders not investors. Holding for the long term negates all the noise of daily fluctuations. $3k/oz is a nonsense quote as pricing gold in a FIAT is nonsense and the POG will go to infinity when the $ collapses but 1oz will still buy you a good Savile Row suit as it always has done. ATB Speedy

Hi Jerry. DSV on the up today, why? ATB Speedy

Hi Condorlini. Sorry for the confusion. it is sometimes easier to say gold rather than elongate the wording to include all PMs. Suffice to say i am long in the PMs market 99%. I have a few dogs elsewhere. ATB Speedy

Hi Jerry. Thanks for the heads up i will have a look . See you at the spring meet. ATB Speedy

Hi All. This is for the day traders, be very very careful. The POG is being allowed to rise above $2k/oz. The shorters will then drop it below $1900 and take your money. If you are buying today remove your stop losses and ride it. IMO ATB Speedy

Hi Impecunious2 The really explosive gains are finding the best explorers. not the producers. Having said that i see no reason not to hold GGP into production and receiving a good divi, but that is not what i am here for. Find out what we have at HAV sell it at FMV and go find some more. Let the miners have the hassle . If we go into production with Newcrest that will be a great cash cow allowing GGP to go find more. So i would be happy with either. ATB Speedy

Hi Cordolini. Oh yes. silver is by far my biggest holding. can you not see my smug face from there. I could go on to reveal all my holdings in detail, but that is too boring, just suffice to say i am long the PMs spectrum. ATB Speedy