It's been a great week for RED.The recent drop made sense since...

It's been a great week for RED.

The recent drop made sense since the POG also pulled back from recod highs, but now it appears to have resumed its relentless rise upward. It's amazing how the mere whiff of imminent falling US interest rates is enough to make the POG go up in both USD and AUD terms. Just imagine what's going to happen when US rates actually do start to fall soon (though my guess is Aus interest rates won't fall for a while longer, so the A$ POG will rise, but slower than otherwise).

There was probably also selling from disgruntled SLR shareholders by the sounds of things (and some happy SLR sharegolders taking fat profits from the TO too?). There were also A LOT of disgruntled shareholders who sold at the last CR at 13.5c 18 months ago; geez, you'd be kicking yourself now if you'd given into emotion and sold at 13.5c instead of loading up with more.

Hopefully it's onwards and upwards from here.

We got the wrist stamp on, ready for entry to $50 cents club. Woop!