gold, page-100824

hi mate
I think the incredible increase in credit limit per participant keeps la la land going for longer - pushes the day of disaster out further

I guess if you dump into an event - the banks will just scoop up your assets using these limits-

day of reckoning just kicked down the road with these facilities - and given they could be even larger than the actual balance sheet currently if all drawn - they are showing they will do whatever it takes —- and there is seemingly no reason they wouldn’t be increased again

fed put imo is even stronger today- with this ore emotive action

clearly they don’t want any major market fall to last too long -

let’s see how the market takes it over the next few weeks

good luck