Randgold Resources Share Discussion Threads

[abc125] 24/6/2016 11:09

35% gap opening with IG this morning. I hope no one was caught short.

[darias] 24/6/2016 09:51

I woke up this morning to 77% gain in our holdings. By the time I could get to my machine it had fallen to 72%. Put a trade on at best but was quoted a 32% gain so withdrew the trade.

Just before going out we were "only" 12% up. When I can back was 32% again.

Might be worth buying as I believe by the end of next week £ will be toilet paper unless BOE moves to support it and raises interest rates dramatically.

[richie32] 24/6/2016 09:40

I sold out this morning. Ready to jump again hopefully in a few weeks

[evianone] 24/6/2016 08:12

I did say this could happen see above, nobody could have predicted this, a case of if only, i'm in cash LOL What i've lost in not been in this, i've more than made up in not having losses on other stock.

[gymratt] 24/6/2016 08:12

Blummin ek!!!!

[r88ave] 24/6/2016 06:53

Correct me if Im wrong.

Last night

Nasdaq Randgold finished $94.90 equivalent to 6414p at $1.48 to pound

Now $1.35 to pound RRS this morning will be around 7000p!?

Now gold is rising, is this going the one to be in?

[evianone] 23/6/2016 08:48

Hi abc125 and others, have traded this for the last 2 months selling too early at times, i don't hold for now due to the vote today, however if its a yes vote I expect this too pull back as everybody buys banks, builders life assurance etc, then its back to normal over the summer months and the real economy. However if its a vote to leave I expect gold to be a safe investment in which case i will have missed!!

[abc125] 22/6/2016 00:12

I do not have any positions in rrs currently. Given the volatility this sucker is not for day traders, particularly if you're holding overnight - the early morning gap up/down openings are the stuff of nightmares (been caught out recently lol).

Having said that we may have seen an important top. Since Feburary rrs has been forming a megaphone top. We have had three successive higher highs - 6717p,6882p and 6957p. A three push pattern.

[hpcg] 21/6/2016 13:11

I now do have a tactical short at 6400. As I've stated before I think RRS is slow to react to gold dropping. With remain more likely than leave and gold reflecting that there is chance for a short term drop off.

[ilostthelot] 16/6/2016 23:11

Sheila will be nobbing sanks over a cliff .

[pixi] 16/6/2016 16:46

Fab chart. Gold 1313.60 + 22.10. Most of the price will be going to miners bottom lines.

[younasm] 16/6/2016 12:12

I am selling the last 25% holding today -- re-investing some in lloyds.Good luck if this moves higher --- had a lots of good bullish trades since last year.

[balbains324] 16/6/2016 08:19

I hope sanks closed his short!!!

[hpcg] 10/6/2016 21:54

Somewhat strange candle today given the metal is probing higher. This is somewhat the trouble with miners, especially those in an index, they get swayed by stock market moves.

[hpcg] 08/6/2016 14:37

NUGT 3x gold miner, JNUG 3x gold mining juniors, 5GOL 5x gold. The former 2 are US listed. Personally I have 5GOL. I think RRS is better as a tactical shorting vehicle. It tends to hold up longer then other miners when gold drops and thus makes a safer trade.

Buying RRS now is rather making the assumption that gold is going to break above 1280. Obviously people buying now don't think it is too late, but those who bought on the turn timed it quite a lot better.

[terry barnett] 08/6/2016 09:45

Invisage, INVESTEC Global Gold also gives broad exposure. Good tip though.

[invisage] 07/6/2016 19:51

The problem with holding RRS is you have company exposure risks and if a company has problems you could miss the rally in GOld.

I think to get exposure to gold miners it is better to buy an ETF like AUCP (GO UCITS ETF Solutions plc DaxGlobal Gold Mining Fund).

This would give you exposure to the largest gold miners like

Newmont
Barrick
Gold Corp
Newcresst
Franco Nevada
Randgold
Agnico
Detour
Ango Gold
Royal Gold

This gives you exposure to the gold price as well as minimises company exposure.

[evianone] 07/6/2016 09:25

Value king, would normally agree, but Janet Yellen speech not to worried about the payroll figures, seemingly ruling out an interest rate in June, therefore giving the indication everything is fine and to keep on buying share!!

[value king] 07/6/2016 09:09

Weakening $ has to be good for a gold spike soon I'd say.

[mike24] 07/6/2016 08:54

sp due for a retrace? if remain wins

[richie32] 06/6/2016 11:09

Good luck evianone. I'm staying for now. I can't apply any good logic to it except I feel there are more bad numbers to come from the U.S.

[evianone] 06/6/2016 10:41

Taken profit this morning not moving up as fast as other miners, makes me a little worried, may regret but will review again no doubt.

[abc125] 04/6/2016 23:03

Great recovery in the miners on Friday. We need to see follow through next week to confirm an intermediate uptrend. If Rrs has difficulty getting though £64-65, it could mark a temporary top.