Well, the overnight NY gold market delivered extra rocket fuel...

Well, the overnight NY gold market delivered extra rocket fuel for RED - US$POG up almost 2%, and A$POG up 1.4%
- but the increased interest in gold is based on the market assuming lower interest rates by June, as the economy needs help ..... all's not well as shown by the following article:
https://www.abc.net.au/news/2024-03-02/asx-property-markets-hit-record-highs-but-economy-not-ok/103534756?utm_campaign=abc_news_web&utm_content=link&utm_medium=content_shared&utm_source=abc_news_web

While it appears that RED's 'planets are aligning', lets not get too carried away - although the GDXJ is up 4%, and the GDX up 3.6%, both remain in bear territory, and the gold miners are not being bought like BITCOIN .... perhaps the gold miners (and RED especially) will benefit with some "sector rotation" ?,
but it remains to be seen, if the ASX can continue to defy gravity .....
The next quarterly from both RED and SLR is eagerly awaited - should be positive with such strong tailwinds.
Also, big RED's presentation at the summer gold conferences in Nth America will be substantially upgraded and should create a lot more institutional interest ??? RED remains a strong HOLD.