Member Info for speedymeadie

Hi Schlemeil. What is interesting is the amount of contracts thrown at the short side has increased as the years go by. They have to use more and more worthless $s to achieve a smaller result. The physical buyers will take full advantage of this smallish pullback, who can refuse a gift of discounted shiny stuff. ATB Speedy

H.i Awax. For those that have not yet "adjusted their strategies" i fear they are 5 years too late. The writing was on the wall as debt exploded. There are so many potential black swans waiting to happen that picking winners will be very hard.

I will continue to hold positions in the PMs space in anticipation of the next big property down turn. My strategy since the early 70s has been gold into housing back into gold. Hindsight is a wonderful but unusable tool and missing out on the tech and crypto rise has not altered my approach of "safe as houses" and "as good as gold". ATB Speedy

Hi All. The sell off has spilt over into the PMs space. Margin calls have forced investors to sell to cover. This will be short lived and physical gold and its producers will see a massive influx of funds. The coming flow of funds will be slightly subdued due to the attraction of crypto. The crypto buyers will be facing massive tax bills on profits while i will be smiling holding my Britts and GGP stock in my ISA. ATB Speedy

Hi Thesharper. Gold will be the winner in all this mess. As a safe,tax efficient investment Gold Britannias/Sovreigns can not be ignored, buy this dip. For a more risky but leveraged investment GGP will be a hard one to beat.

Having said that, it stands out that some crypto coins have dodged this sell of, so far. ATB Speedy

Hi All. I said yesterday that $100/oz/day rises are coming, sorry got it the wrong way round. Once the selling in the equities markets finishes the flight into gold will then see $100/oz/day rises, not long to wait. ATB Speedy

Hi All. High volatility today with $120/oz trading range. Try as they may the criminals that have controlled the PMs space for 50 years have finally lost the battle. Watch out for $100/oz rises per day coming as our asset races away to $5k/oz and above. By the time Hav comes on line the POG will make GGP one huge cash cow.

This is good news for us but i am afraid the world will be a sad place for those left behind. The great depression saw gold miners value increase over 500% whilst the stock market in general crashed leaving many destitute.

Lets hope new leaders can turn it around, but i have my doubts. ATB Speedy

Hi All. The plunge protection team got in some overtime in the good ole USA last night. A $70 rise then a $50 pull back sees them loosing $20 after throwing everything they had at the rise. Their system is bust, and i thank all the physical buyers for that. $4000 incoming. ATB Speedy

Hi Chartarex. Never say never. £1SP is a hard target but not impossible, even medium term. Our assets are growing at an incredible rate and increasing in value just as fast. As for getting it out of the ground, we have the BODs and workforce that are 100% capable of achieving that and getting the shiny stuff to the Perth mint. Not sure why folk put such an emphasis on £1 but a 40p party will suit me just fine. ATB Speedy

hi doozer. its my girlfriends cat and nothing to do with mrs speedy. go find your own *****. atb speedy

Hi Element1. Great post Re OI. My view is the COMEX are off the scale desperate to hang on to controlling price discovery but are losing the battle. The main reason is the demand for physical. The is not enough large amounts "wholesale" to meet demand at this price and the easiest way for big buyers to get supply, at a discount, is to deal on the COMEX and stand for delivery. The controlling banks have shot themselves in the foot by suppressing prices and allowing big buyers to take advantage of the COMEXs Achilles heel. The COMEX was designed to be a cash settled market but with a process that allows traders, who want to, to take physical delivery. Most traders in the past have accepted cash settlement but this is changing. The massive spike in OI is due, imo, to the big players standing for delivery and this will be the end of the COMEX, and good riddance. ATB Speedy

Hi Tony. You are forgetting about the rising POG. ATB Speedy

@ Tymers Do you even understand divi payment parameters. Speedy

Hi All. How many Britts will i be able to buy when i sell GGP? The way it looks to me is with the rising POG and the rising GGP stock value it will all depend on how well our BODs operate. Hard call, but by 2027 maybe 5000 shares for 1 Britt. ATB Speedy

Hi All. The divi debate is great, but not many folk understand why divis are paid. They are paid because a co has more FCF than what it knows to do with it. Divis are just giving you funds that are already yours. Whats wrong with more growth? if the management is in place and have the funds why not take out other miners to add to value. Growth is good, stagnation leads to depreciation. SD has all the knowledge and skill to make GGP a top 10 mining co and i personally see this as his goal. ATB Speedy

Hi All. Anyone selling GGP now and buying property needs their head examining. ATB Speedy

Hi Markjp. The time to sell up is when divis start as that marks the end of growth. ATB Speedy

Hi All. The finds in China will have no effect on the POG. All internal gold production is added to their holdings and never sold on the open market. This fact alone makes a mockery of their official gold holdings. What will effect the POG, as far as China is concerned, is the announcement from them that their real holding are in excess of 33000 tons. What is really interesting is the question "what will they do with it"? Gold backed world reserve currency? That will not happen until they have disposed of their massive $ holdings and converted all those $s into gold. ATB Speedy

@ Tymers. Crime of the century, Supertramp, best track, sums you up. Speedy

Hi Jerry. Excellent post as always. Really scary the stories being posted here, pure gambling with fingers crossed. Luckily it has paid of for most but GGP is the exception to the rule as nearly all explorers fail to become producers.

The raise at 4.8p was looked at by many as a bad event ( my view is it was a bit low) but much better than debt and having the banks in control.

ATB Speedy

Hi Daz. Thanks for the reply. I see a merger between you and i, your charts and my research then "next year Rodders" ATB Speedy