I have no idea what is going on with the Goldie’s on the asx some operational issues for EVN etc dragging the whole market down in particular WA operators. IMO RRL should update their guidance now as it would be worse if the reflexive bounce was crushed due to an I’ll timed negative report. IMO shorts have got on top and retail have capitulated sick of waiting for gold to take off, even though it is holding fairly steady. Hopefully this really is capitulation and we bottom soon. Have held in the past waiting patiently for next report. Very interesting times, inflation persistent, US Fed either lying about QT or having to buy bonds at the rate their are selling or rolling off to support the US government. No one over there is talking about any meaningful budget cuts or spending cuts which is crazy. How this plays out over the next year will be very interesting.
RRL Price at posting:
$1.38 Sentiment: None Disclosure: Not Held
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