Randgold Resources Share Discussion Threads

[evianone] 06/5/2016 21:46

trader365, thanks for info, I'm still learning, very interesting how you calculate your trade, may learn from this.

how do you calculate the true range? and how did you work out when to buy back in this one after such a fall? many thanks

[trader365] 06/5/2016 20:15

evianone foresight is an even better thing. RRS has a daily average true range of 4% so my stop was placed at -6% (1.5 x average true range) but now raised. My target is 12% (2x risk)therefore if I'm wrong on 50% of my trades (which I am) I still make money. If I was to take profit at 3% my stop would need to be at -1.5% which is inside the daily average true range and very likely to be taken out.

[evianone] 06/5/2016 15:58

Hi trader, Hindsight is a wonderful thing!! I tend to trade this one with one eye on the gold value, didn't expect it to pop this afternoon, saying that I did 3% and I'm honest to actually say my trade, also I deal in large amount, not always good for the heart LOL

[trader365] 06/5/2016 14:26

evianone I also got in at 58 can I ask why did you take profit at only a 3% increase?

[evianone] 06/5/2016 12:33

good mornings work out at £59.97 :-)

[evianone] 06/5/2016 08:42

gap is now at £64+ back in at £58 with tight stop loss, gold still holding 1,275

[aim999] 05/5/2016 13:41

Gold looking like it might test recent highs

[sanks] 05/5/2016 11:08

..another £4 baby...come on...my holiday beckons, my birds beckon...i'm beckoning

May even close at £54...Sanksalot

[sanks] 04/5/2016 22:17

Its the Sanks factor...sankfully we're now headed to my exit target of £53
May close it at £55 if i keep looking at the proft..really like this one..this game is so easy.
Sanksalot guys..really appreciate it

[abc125] 04/5/2016 22:08

I don't think the production decline was the main reason for today's plunge. It probably accelerated the correction which was going to happen anyway. I sensed something was amiss when gold went above $1300 last week yet Rrs did not blast to the upside like it usually does when gold takes off.

[philanderer] 04/5/2016 20:43

Gold producer Randgold Resources became the biggest FTSE laggard, plummeting 11.7pc to £58.30, after production in the first quarter fell 11pc due to operational problems at two of its African mines. Following the results, Deutsche Bank slashed its target price to £55.60

[keylifeskills1] 04/5/2016 18:57

Can't find anything to account for large price drop weemonkey. Just info re 1st Quarter Results & Updates:

hxxps://www.share.com/find-investments/advanced-finder/company-overview/randgold-resources/news/5662/?pass=1&story_id=24356495&rns=1

Been on holiday for past few weeks with limited access to internet. Will have a busy few days catching up on various boards etc. Fortunately, took a dongle to take advantage of share price movements. Ended up doing a lot of trading & eventually sold whole holding. Dipped in & out again last week. Bought back in today via 4 batches late afternoon.

[abc125] 04/5/2016 18:38

Given todays plunge, this correction is going to be big.

20% from the highs takes us to 5500p

If we look at the bigger picture, rrs advanced from 3900p in late november to just under 6900p recently. Thats just over a 75% advance. Not bad for 5 months. A big portion of the 3000p point gain will be given back, as today illustrates.


Some fibonannci retracement levels i'm looking at:


38.2% x 3000p = 5800p
50% x 3000p = 5425p
61.8% x 3000p = 5050p
76.4% x 3000p = 4600p

I'd be surprised if we drop below 5000p. If we do, we would have to re-consider the resumption of the bear market.

[weemonkey] 04/5/2016 17:32

Not a holder . . but looks massively overdone here surely .

Has been a solid performer and yes expensive . . but quality outfit

Anyone know of any fundamental reason for the collapse today?

otherwise looks like a buy to me

[abc125] 04/5/2016 13:40

Yep it's dangerous to short given the strength in gold. I think gold could stay strong until September and then maybe a 6/9 month correction which may retest the Lows - I'm thinking of the gold double bottom in 99-01.

However even if this is the start of a new bull market, a major correction in gold stocks is due about now. Going back to 2001 the HUI gained 125% in its initial upthrust which was then followed by a 25% correction. This time around the HUI has gained a similar amount already.

[thomasthetank1] 04/5/2016 13:19

Read VSA Capital's note on RANDGOLD RESOURCES LTD (RRS), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B01C3S32
"In quarterly results released today, group gold production fell 11% QoQ to 291,912ozs, while the profit of $63.9 million was 19% higher QoQ and 25% up on the corresponding quarter in 2015. Loulo operations lead the group in lower cash costs which totalled $189m while gold prices received rose 9%. Kibali operations had some hiccups with a ball mill breakdown as the mines and mills prepare for underground feed. Lost time injury rates across the group were exemplary..."

[sanks] 04/5/2016 13:18

Gosh, just thought i'd let you know, i have an erection and its only dinner time!..damn, wheres Sheila!!!!!!!!!
Hope you guys can bring this closer to £53 for me...i will be really full of gratitude for all the genuine nob jockeys, sheepshaggers, minjsniffers and the nipplesuckers.

Sanks...Wealth Transfer Specialist
Target remains £53

[hpcg] 04/5/2016 13:13

RRS has always looked expensive and predicated on higher gold today, yesterday, a year ago, but gold has bounced off trend line support thus far. Gold chart in major currencies is still robust IMO. Those selling as a holder and taking profits might find sufficient reason even with that, but shorting RRS looks a bit dangerous.

[abc125] 04/5/2016 12:40

In a single day we have blown through three important swing lows that took nearly 2 months to form: 6242p,6177p and 6117p.

We could have a V shaped recovery but it would be a gamble. I will play it safe and work on the assumption this is a major correction with downside targets of 5500p-5800p for a 15-20% correction.

[abc125] 04/5/2016 09:38

Big drop today. A mini correction before one more leg up ? I haven't got a clue.

I'm looking for a long entry but think this could morph into a bigger correction. If the downside is done it should bounce from the 6200p level. Why? Because that is exactly a 10% correction from the 6883p high. If we drop much below 6200p we could be looking at a 15-20% correction.

[careful] 04/5/2016 07:16

Q1 results a bit subdued here today.
eps of $.58 per share equates to $2.32 for the year.
still a generous pe. of about 40.

depends upon the average gold price for the year.
very sensitive to this.
still could take off if gold rockets.

[evianone] 03/5/2016 23:30

Sanks your comments are entertaining you will be right one of these days LOL, but not soon, for all serious readers if 1,275 holds on gold price buy, this has been one of the best returns this year for me, buy above £61 if you get the opportunity, s/l at £60 happy investing

[sanks] 03/5/2016 17:47

I've got a short waiting at £70..if it gets there hopefully..pleeaaaseeee!..if not, i'll sell them all to the genuine nobs at £52!!

Hope this is helping
Sanks...Wealth Transfer Specialist