Member Info for speedymeadie

Hi All. HL are now a different beast since their take over. Their customer service used to be very good, now any contact is answered with meaningless standard messages.

I set a buy limit order for GGP to expire on the same day at COP. The price was not met and showed the position closed. 2 weeks later a message from HL told me the trade has just gone through on Winterfloods book. After complaining,they brushed me off with a £50 compensation. This is extremely worrying that a trade can be done without my consent. What is also worrying is that they can sell your stock and take the proceeds without your consent to cover fees ect. I know that nothing is fail safe but i truly believe that HL are now dangerous. Too big, too trusted with bad practices. Beware. ATB Speedy

Hi Halba. Welcome onboard. It’s good to have another ear to the ground in Aus. ATB Speedy

@pepper. last week i said "the offer would be at a discount or what is the point" you replied " stick to gold predictions".

You have no idea what is going on and continue to shower this bb in drivel. I suggest you stick to daytime TV.

Hi Charlie. Only 3k ATB speedy

Hi BeContrarian. Whole heartedly agree with you on the reasons for banks buying gold.

As a matter of interest do you hold any physical gold? If so, in what form? No need to answer if you do not want to. ATB Speedy

Hi Matty. Your concerns regarding cash in bank are well founded. If i was SD i would vault at least 50% of our gold (after refining) and then sell as cash for exploration and CAPEX as needed. It is not a case of if, but when, the banks collapse due to bad loans and the derivative market imploding. Getting 4.5% on our cash is peanuts compared to the returns on a rising POG. Obviously there are risks with holding gold short term but the risks pale to nothing compared to holding fiat that is falling in purchasing power at a ever increasing rate. Medium to long term the POG will only ever increase.

Most central banks around the globe are selling $s and buying physical gold and we are doing the complete opposite.

I trust SD to do what he sees as the best approach for the Cos financial well being but holding all our profits in cash may prove to be a mistake. ATB Speedy

Hi All. It’s not just the chef. The SP tells a story and the market does not like it. Let’s hope it can stay above 0.1p. ATB Speedy

Hi MH01. There are only 2 options for the good ole USA, print or default and either will see the end of the current world monetary system.

War is here and there is nothing more dangerous than politicians trying to hold on to power.

I have been banging on about this for ages but now it is here. If you do not own physical gold you are in deep trouble. ATB Speedy

Hi JRDC. The system only has 2 ideas to stop the coming collapse, world war 3 or default. Both will fail. The war drums are being banged harder and harder. Not good for anyone. ATB Speedy

Hi Zazzy. Neither a boat or a train but a golden rocket to the moon and beyond. ATB Speedy

@culpepper. At 12:30 you promised us some silence.

Hour later we have witnessed loads of drivel from you. Please keep your word

Hi E1 No surprise to me. Gold has, for thousands of years, always carried on whilst fiat crashes and burns. There is no limit to the POG against fiat. ATB Speedy

Hi Sageman. Its called the Lassonde curve. 50p (in old money) here we come. ATB Speedy

Hi all. Many people have asked me about Kinesis. After all the fanfare the total uptake has only been about 1500000grams or 47k ozs. Their KVT have lost more than 10pc on open date trading.

I personally would not touch it with a yours let alone mine. It may come good in time but uptake has been very slow. ATB Speedy

Hi The Ghost of BZW. It amazes me that it has taken so long for a class action to be taken against the manipulators. I hope this opens the flood gates and other silver investors and producers make them pay for the damage they have done. I personally lost in excess of £50k when JPM et al drove down the POS in 2011. This manipulation is in plain sight but the regulators are complicit. It is not just JPM and HSBC there are many more commercial banks all conspiring to control and profit. I have my doubts on a successful outcome, the banks are too big and will fight this with all their resources. The cost to the industry is in the 100s of $billions.

All it takes for the class action to succeed is for one of the actual traders to come forward and testify but he/she will probably have a terrible accident prior. ATB Speedy

Hi djm101. I have taken some info from the latest COT report and used some info from Ed Steers. ATB speedy

Hi All. Silver is trying to show its true value. JPM has, over the years since 2011, acquired the largest stash of silver and gold, by a private entity, in history. The trade has always wondered if JPM would just sit on that stash and watch it increase in value or use it to sell into a rising market to stem the $s demise. Well now we know. JPM have been selling vast amounts of silver and gold to "provide liquidity" (read manipulate) try and cap the parabolic rise in gold and the coming big move in silver.

JPM will not do this much longer and will not deplete its stash to zero. I am convinced they will not continue to provide liquidity at these relatively low prices and once they take their foot off the brakes gold and silver will see dramatic rises in short order.

Commercial banks around the globe are in a massive short squeeze and are short nearly 50% of COMEX open interest. Their attempts to prolong the current financial system is coming to an end. Bank of America is in a perilous position, both in gold and silver, holding a vast short position. What is interesting is that JPM are net long and will leave the other commercial banks to their fate

Fiat is toast, the only unknown is when will it finally get burned.

Physical PMs and the producers will be the big winners in the already happening rush into the only real money. ATB Speedy

Hi All. That enigma, silver, is starting to shine. A look at the 10 year chart shows it has not even beaten inflation. This is about to change.

Anyone looking to invest in silver must do it on a long term basis and think about it very carefully. Using ETFs for short term trading is a good way to get exposure. For longer terms silver Britts purchased and then sold in a bonded store without taking delivery does not attract VAT or CGT. Premiums for coins are relatively high due to minting costs but this will be negated long term. Good luck. ATB Speedy

@spy. You say you make all your decisions without help from others. How the hell do you come to a decision without others research. Most folk in life are good at something through a hobby or other life experiences. Its good to listen,sometimes. ATB Speedy

Hi Cheated. It will have to be at a discount to the SP at the time, if not what is the point? That does not mean it will not be higher than todays SP. ATB Speedy