RSG 2.33% 63.0¢ resolute mining limited

Getting pretty ugly out there pretty quick as credit spreads...

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    Getting pretty ugly out there pretty quick as credit spreads continue to widen and borrowing costs rise.
    Massive attack and cap action throughout the night to commemorate Yellen's last day at the Fed.
    The lowest I can scroll down to is a one second bar chart and it was fast and furious with pretty much zero spaces.
    They required a lower yen to do this as every time they tried to bring the yen back up gold followed suit.
    If this credit situation continues to worsen then there's a big problem because in a credit fueled and debt bloated system liquidity is an absolute must and if it isn't around then Mr margin comes calling and anything liquid gets liquidated to cover less liquid entities.
    Meaning the baby gets thrown out with the bath water.
    The main resistance/support for the $1388 target is 1313 or so and its hard to see that getting hit unless the Dollar keeps charging against the Yen and it doesn't look that way from here.
    Australian dollar gold is pretty much unchanged so that might help a bit on Monday.
    The gold/silver ratio is breaking out above 80 and this is another indication of credit stress.
    Next week should be revealing.
 
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Last trade - 16.10pm 22/07/2024 (20 minute delay) ?
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