The overnight headline is the "decisive" breakdown of the US$...

The overnight headline is the "decisive" breakdown of the US$ POG to "key support" `1900 ... hmmm.
The A$ is also on the verge of breaking its uptrend .... is it all over .... nah, I don't think so.

Why would the big IOUSA gold companies be coming back to Aussie in strength - first NCM then .... ???
Things are much worse in the IOUSA economy and the local economy than the "official statistics" and "pundits" are letting on.
The FED didn't increase rates and legendary guru's like Buffett etc are predicting bad things for the market and the RE industry in the IOUSA.
The oil and gas prices will remain very high impacting on inflation, cost of living, cost of business etc etc .... Germany and Europe are rueing the day they allowed the Americans to blow up the NORDS pipelines ... a recession in Europe is a given.

The BRICS, especially the Russians and Chinese are backing their currencies with gold to circumnavigate sanctions and this is not going to change.
The Russians, Chinese and others are selling down US treasuries and other US$ assets and building an economic alternate universe ... there will be no more illegal confiscations of assets in the name of "sanctions" for breaking (America's) "rules based international order".
This will support the POG, especially in non IOUSA currencies. The A$ would have to strengthen a lot in combination with a significant weakening of the A$POG to threaten gold companies like RED.

So, interest rates will fall next year and with it the US$ .... what better time to make purchases with IOUSA $ than the immediate future ??
Meanwhile back in the land down under, the insanity of AUKUS continues to unravel, while Australia's dependence on China becomes more stark.
The impact of labour shortages, inflation and energy expenses mean that building and staffing new processing plants in Australia remains very problematic, and this should give comfort to companies like RED with KOTH now fully commissioned and with secure long term cheap energy (from its gas pipeline).

WGX has duplicated KOTH with its new gas/solar plant. RED has also managed its labour shortage better than most.
PNR has had similar commissioning problems to RED but is still in a perilous position as its labour issues remain in part and its smaller plant cant generate the same profits as KOTH nor offer processing potential to "mill needy" ore sources like .... GMD.
PNR's debt remains a threat while RED is rapidly paying down its debt and soon will be able to replace it with a new debt facility.
AND of course, PNR's critics think that a change of management is required to turn things around (sic) !
Other wannabe small 'greenfield' gold companies have no chance of getting finance, and will need a "mill solution" to have any chance of survival.
Some of these that have synergy with near big hungry mills (like MGV) may offer an investment opportunity for the savvy investor.

Until RED's SP stabilises, and we see a bevy of new substantial shareholders, we'll not know who the influential parties are that will determine RED's long term future ..... RedGenesis or SilverRedGenesis .... or GOK.
RED"s annual report and the next 2 quarterly's hopefully will consolidate its new status ....