RED 1.11% 44.5¢ red 5 limited

Ann: December Qtr Positions Red 5 to Achieve Top End of Guidance, page-39

  1. 255 Posts.
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    l think Red5 is a completely different animal to what it was just 3 years ago, let alone 15 years ago. Not really comparing apples with apples are we?

    On a brighter note, l hear the US has just reached bipartisan agreement (Democrats and Republicans) on 78 Billion dollars worth of Federal tax cuts. For a country that cannot pay its current escalating debt, probably suggesting they should increase tax revenue and drastically cut spending - they are doing the opposite.

    My take on this is desperation. The top echelons see bad financial head winds coming their way and are trying to stimulate a very weak economy even though the country cannot afford it. In total contrast to what the Government has been publically saying for the past 12 months. lf lm right, expect interest rate cuts to follow, which will be the catalyst for gold to break out.
 
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