A massive credit limit increase yesterday and they were not shy in starting to take advantage of it
straight to a new overnight record at the window
a monster increase of 690 billion from day before to 1.352 trillllllllion
markets rebound on the safety of the cheap money flowing through the participants imo
many positive moves in commodities - equities- fx and bonds on long end
there was also a rate rise in Norway and Brazil yet again - but with Turkey unexpectedly cut
Yield curve steepening allowing banks to make solid earnings but gold prices becomes a casualty closing right back at the short term spike low of last week
Frustrating I’m sure - big margin compression for many local miners in oz continues
