Member Info for speedymeadie

Hi All We need to see a weekly close above $3400 to confirm the consolidation phase for gold is over. I suspect that would of happened this week but it was not to be with the COMEX wanting a low print for contracts closing to make sure longs are out of the money. This paper control is coming to an end and the $100/oz pull back will be short lived. Next week should see a surge in the POG on the way to $4k/oz and above in the near future.

The next set of quarter results (July 29th?) will show an excellent profit margin but with the POG going to new ATHs the following quarters will be outstanding and dont forget the CU, it is also on a bull run this year. ATB Speedy

Hi Element. When bullion dealers settle in cash it is a big red flag. Buying physical then storing it as opposed to taking delivery is the best and safest option. This news aboutthe Japanese dealer is just what the industry does not need. It will entice investors to take delivery and risk losing the lot.

The news I am waiting for is the COMEX renaging on physical deliveryand only settling in cash. That piece of news will, once and for all, finish of the paper market. ATB Speedy

Hi Mashamale. The only problem is it cost $60k/oz to produce. Maybe viable sooner than we think. ATB Speedy

Hi Huncher. They have lost the 3400/oz battle next defence price 4000/oz. Witch they will also lose. The paper market is gradually losing clout to the physical buying and not a day too soon. ATB Speedy

Hi Badger 3, 7, 15 32, 49. The sixth No I have no idea. ATB Speedy

Hi Daffy. What time?ATB Speedy

Hi All Plenty of folks here telling us about the POG as, or after, it happens. What is needed is actionable, in advance notice please. ATB Speedy

Hi SC. There are so many charlatans in the mining industry that big players rely on audited accts and as such will not use client funds to buy stock until yearly results are proven.

AIM is a tad Wild West and can seem totally corrupt but the MMS are around to create a market and earn from the spread. AIMin general does not care about price or direction just spread

The Aussie market is no different apart from the participants having a greater understanding of mining.

All that is needed here is a little more time (12 to 18 moths) for the market to see proof of earnings. ATB Speedy

Hi Rocket. I hope you are aware that 1978 brits only have a gold content of 22 c and are not pure bullion and are priced accordingly. ATB Speedy

Hi pj70. There is more chance of $8k/oz being hit med term than $2500/oz. IIs want to see yearly results prior to investing client funds and most just follow other IIs and money managers. Most will not want to be seen as missing out and will have to buy. If these IIs and fund managers did not have such strict buying criteria they would be in now. ATB Speedy

Hi Rocket. Not much of a TA fan and mainly use fundamentals and world news.

$3400 is the level that the banks have been defending. A substantial rise above that level and closing the week out well above will see $4k/oz in short order and that will be the new defence level for the banks.

Many gold buyers have been waiting for a big pullback, that is not happening and they will soon realize £3400 was a good price to get in at and will chase the POG up to $4k/oz.

Central banks around the globe are replacing $s with gold for reserves and are not bothered about price, just volume. Their appetite for physical gold will gradually push the POG way past $5k/oz as the $ is dumped and treasuries/gilts and bonds are rejected in favor of the only real money, gold.

Folks should have been buyers of physical gold many years ago, the facts were well known, but now is still not too late to take advantage of the continuing bull. ATB Speedy

Hi Victorocto. That post is so contradictory. Do you really understand what you are saying.

If you are in profit from your gold holdings now is not the time to take that profit off the table. What would you do with that profit? listen to Blackrock and buy gilts??????? ATB Speedy

Hi Montyfino. When, not if, the market/banks crash there will be selling of gold to cover margin calls. The POG drop will be shallow and short. You could wait for that event but the smart money is already getting out of bank stock and into the PMs market. Stock markets are spiking higher into well over valued territory driven by false info and the banks desperation to keep the fiat system going. They will fail this time as has happened through out history and history has shown gold to be one of the best ever preservers of wealth.

Just putting 25% of your wealth now into physical gold will prove to be a good decision. ATB Speedy

Don’t even mention the debt pile

Hi All. The PMs market is getting very interesting. Gold is in a consolidation phase and is a coiled spring.

Silver in being stockpiled by industry users and investors while the banks are record short. Physical supply is limited.A short squeeze is in the making.

The USA dollar is under extreme pressure.

Inflation is coming and it will hurt those that are unprepared.

Interest rates need to come down to prevent a recession but inflation says no.

So many wars going on and so many flash points it’s hard to keep up.

World leaders that could not outwit a cabbage at a time when a radical approach is needed.

If you need any more reasons to stock up on gold Britts what about a possible stock market/bank collapse.

So many pointers to a higherPOG. ATB Speedy

Lions gold not gate

Hi Doozer. I looked into this when they were lions gate. Did not like it then and still don’t. Profits attract CGT and the 1.5percent fees are just plain stupid. They also do not allow physical delivery.

Why anyone would consider them as opposed to Britts is an enigma. ATB Speedy

Hi Victoroco. Why do you say that? Every pointer I use to determine the Direction of the gold market tells me the POG is going higher. I see 4k/oz coming in short order once 1340/oz is broke to the upside on a weekly basis. That could be next week next month or next quarter. ATB Speedy

Hi lee. This debate is getting a bit political but not much else to talk about at the mo.

Take away the ability to create currency (credit) out of thin air and many many problems are solved. No funds available for wars, spongers, stupid ego construction projects, zombie cos wither and die and no champers on exs for the elite. A return to the gold standard is some way off but it must happen eventually. The other solution is a dictatorship, Ghandi not Stalin.

In the meantime best to keep stacking those Charlies. ATB Speedy

Hi Lee. I think you are incorrect in your in your assumption about BRICS (Brazil, Russia, India, China ,South Africa) If you think these countries are insignificant.

Gold will not cover all trade and does not need to. The deficit between countries will be settled in gold and gold will need to be priced much higher. ATB Speedy