GGPChat

Hi Liam. Please send the Freddos to Speedy at the Stag. The main reason for buying GGP for me is the gold. We have found it and are finding more by the month. If you think gold is an ancient worthless relic then GGP is not for you. On the other hand if you think gold is going to $5000/oz (as i do) w...

Hi All. Thank you to the posters here who have ripped this bad report to pieces. False news at best directly misleading at worst. ATB Speedy

Hi Choddy. Blackrock, Jupiter, JPM are all preparing for the next massive leg up in the POG and so should you. ATB Speedy

Hi All. This criminal case against JPMs PMs traders is small in terms of cost to the industry. The big one will be a case against them and other banks for rigging the price down to make the $ look good. ATB Speedy

H Hydro. If the manipulation in the gold market was for a higher price, not lower, could you imagine where we would be now. Gold producers would be earning really good margins and investors would not be scratching their heads wondering why gold is not following fundamentals. One day, maybe .ATB Speedy

Hi All. One thing is for sure JPM will not be the one with no chair. ATB Speedy

Hi Cordolini. Interesting that India wants to start a gold exchange as one of the worlds biggest gold buyers. Worryingly is the involvement of the derivative side in gold trading. In the last few months the position in the derivative market for gold has risen by over 500%. Does the world really need...

Hi Mush. I do not think SB will buy the remaining 25/30% of HAV. If the 5% for $60mill is taken up it means Newcrest have done a blinding deal for 75% stake in Hav. The remaining 25% will not be available at such a discount and SB will want a better ROI. The notion that SB will want to buy out the w...

Hi Bamps. I cannot thank you enough for your indepth response. This mine is going to be a real beast and economy of scale is probably with us. Can Telfer handle that much ore without serious capex? ATB Speedy

Hi Bamps. If Hav prooved up 30mill ozs how on earth will we get it out f the ground.? i have just done some sums and life of mine will need to be 100+ years at 10 mill tons a year. We will need a bigger conveyor belt more trucks or stop finding so much gold. ATB Speedy
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Hi All. The bullion banks have the managed money men right where they want them. The banks have reduced their short position by a huge amount whilst the managed money funds has increased their shorts. The managed money is cannon fodder for the banks and are nearly always positioned wrongly. The set ...

Hi Zoros. I asked for help in estimating a value with certain parameters (30mill ozs @£2500/oz) i can see these values being achieved in the not to distant future. Charta rex helped with a very brief answer and bamps replied with a statement that 30mill ozs will take longer than 30years. I am trying...

Hi All. I posted a message on the other site asking for opinion on the true value of Hav. There were one or two flippant replies and hardly any in depth replies. The valuations varied between 22p and over £4. No one has a clue. Maybe someone here can come up with a reasonable fig. My parameters were...

Hi Droverman. I am convinced the big fish are looking and it will not be long until they bite. ATB Speedy

Hi Happy. This is not advice but a lot of good traders would have a target set and take a chunk of stock off and leave the rest as a free bet. In the end the decision is yours and yours only. ATB Speedy

Hi All. Newcrest or any other entity can make a play for GGPs share of Hav. SD will not let it slip from his grasp for peanuts and will reject any silly offers. He knows whats down there and will only recommend a price if it reflects true value. ATB Speedy

Hi All. The gold market is false. Govs in the west are pretending to fight inflation but really want high inflation to shave away their debt. Talk of higher interest rates are just that "talk" With so much debt in the world a rise in rates to stop inflation would bankrupt all govs and most...

Hi Hydro. A very comprehensive post, glad we have you on board. ATB Speedy

Hi All. Not a great follower of TA but i do realize the charts are self fulfilling (crowd following crowd) I prefer to rely on fundamentals and using them tells me we are way oversold. The COT report on Sat for Tuesday showed a drop of just under 10% in the short position. The banks are lining up to...

Hi bottle. Will you be paying folks to fly up to Edinburgh? The choice of location for the event is the main stumbling block. I suggest London as transport in and out is plentiful. Once we hit true potential the cost of travel will seem insignificant. ATB Speedy