Randgold Resources Share Discussion Threads

[evianone] 28/11/2016 09:40

In what way TB? Futures currently down,

[terry barnett] 28/11/2016 09:25

It could all change when the US opens. Interesting times.

[evianone] 28/11/2016 09:18

Added to Friday position its looking strong,well I think so :-)

[chinese investor] 28/11/2016 09:01

Good points evianone.

[michaelsadvfn] 28/11/2016 08:53

Not forgetting the populist movement...

[evianone] 28/11/2016 08:44

CI early days, my Friday position looking good, needs to hold £58 support at £57.50 then hopefully America will push this up, they must be looking to buy some after such a good run on the DOW and will need some security, plus OPEC not been able to agree helping us. Lets see, but at least we are up ion a down market this morning.My £60/£61 is still on for now.

[chinese investor] 28/11/2016 08:13

Thank Goodness I Accumulated Last Week !

[professor pettigrew] 28/11/2016 00:05

Gold futures up $6 in Tokyo, midnight our time.

[professor pettigrew] 27/11/2016 23:14

1. Political turmoil in Europe.

2. Rising inflation expected over the next two years worldwide.

3. Drama as some US states recount votes from the recent election.

4. Rise of the populist movement.

5. Even discounting any Fed fund rate rises, real rates will remain solidly negative.

6. Shariah compliant gold trading to be announced Dec 6th, effective Dec 31st.

7. Shanghai gold exchange launched with only physical delivery.


Seven good reasons to buy and hoard gold and buy RRS shares.

There never will be another opportunity like the one facing us all today.

[professor pettigrew] 27/11/2016 22:38

Topicel - you had the choice either to listen to it, or read the text.

Much quicker reading it.

In any case, I would bet the farm on $1500 and £100 here by next summer.

if it falls, I just add.

Simples.

[juju44] 27/11/2016 22:09

Every such prediction over past two years has turned out to be the reverse.Why should this be different

[professor pettigrew] 27/11/2016 13:08

I'm going for $1500 and at least £100 here by next summer.

Dec 6th will be an interesting day.

[evianone] 27/11/2016 11:52

Hi PP re 2 above I would also look at AUCP,CNR or FRES as for Gold price long term a lot of people are saying its going up next year and that the markets are currently overvalued. Truth is nobody really knows. Interest rates are so low even if they double from here, lots of people looking for returns, which could fuel the markets for a few more years and keep gold down.

[professor pettigrew] 26/11/2016 20:14

From yesterday's gold close, there are only two rules to making serious money:-

1. Buy as much physical gold as you can in bar form and hold it.

2. Accumulate as many Randgold Resources shares as you can on any dip.

If you buy at £57, £52, or £45, when gold reaches a new all-time high above $2,000, then onwards towards new real highs of $3,000 and above, RRS will reach £200, £250 and more.

The current malaise is a once in a lifetime opportunity to make real and life-changing wealth.

[professor pettigrew] 26/11/2016 13:22

Yes, evianone, it will be an interesting week to say the least.

Everyone has a different strategy. I would use any further weakness to accumulate more stock on the way down.

It doesn't bother me at all if we go to £50 or sub £50, as my feeling that gold will eventually explode above $2,000 will ensure a price well above the £100 level here, possibly £200.

[evianone] 26/11/2016 11:24

PP, not always negative taken a position out later on Friday, it will be a trade as it could bounce to £61, any weakness and I will be out, as I've said long term trend is £50 on the charts, lets see what comes next week.

[gilesgraves] 26/11/2016 09:55

Very excited about Randgold for next week. I have been in and out on friday and am about 40% in at the moment. Going to ramp it up for next week as I think Gold is going to make some advances, to say the least.

[professor pettigrew] 25/11/2016 20:22

Another interesting revelation:-


A diagram of secret interventions in gold and currency markets by central banks


Submitted by cpowell on Fri, 2016-11-25 16:38. Section: Daily Dispatches

11:40a ET Friday, November 25, 2016

Dear Friend of GATA and Gold:

The Money Insights internet site has published a summary of the organization of the central bank gold price suppression scheme, showing how it is part of a much broader system of the rigging of the international currency markets whose mechanisms are visible but whose operations are secret. The summary is headlined "Gold Price Intervention Circuit Diagram and Determinants of Intervention Policy" and it's posted here:



CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[e-mail]