Randgold Resources Share Discussion Threads

[bonio10000] 02/12/2016 14:21

Dstorey1

Participation rate of 63%.

Sure - 4.6% unemployment is fine if you have 95m outside the workforce....

[dstorey1] 02/12/2016 14:17

US figures iffy. Might have another top up, rude not too:)

[wisteria2] 02/12/2016 14:08

Like catching a falling Knife this share..... how much lower! before an inevitable turn around.. any guess on a post card to Professor Pettigrew! GLA

[bonio10000] 02/12/2016 13:34

Those US employment figures look horrific.

An 8 year recovery and only a 62.7% participation rate?

jeez.....

Come on Janet - raise rates ! It's all rosy !

[evianone] 02/12/2016 09:35

Looks like £57 the base so far today, if it can move towards £58.50 it can have another run at £60, just hope we don't have a seller waiting.

[astute person] 02/12/2016 09:23

Well done CI.

[chinese investor] 02/12/2016 09:22

Looking Good !

[evianone] 02/12/2016 09:02

Good morning back in for a nibble this morning, spot gold looking stronger, its a trade with stop loss, as PP says lets hope for a big fat no from Italy, oil companies weaker this morning, is the deal already showing cracks!!

[dstorey1] 02/12/2016 08:56

Suspect price action indicative of large buys as day goes on.

[professor pettigrew] 02/12/2016 08:37

Anyway, a successful day and a good weekend to all genuine investors here.

Off to the country for the weekend, with hopefully a strong "NO" vote in Italy on Sunday, just to add some more turmoil to the mix and help create the perfect storm for gold.

[michaelsadvfn] 02/12/2016 08:13

It's down $15 in the last 2 days.

Just saying like.

[professor pettigrew] 02/12/2016 08:00

Morning all. Good to see gold inching up, around $12 better than last evening's low.

Just the start though. About $1700 to go.

[chinese investor] 01/12/2016 22:09

I was able to pick up 3,000 today - £70 nailed on !

[topicel] 01/12/2016 21:41

Lol. But just maybe the Mafia skills at enforcing will make that no a yes...

Hope not, but it is another close one after all...

Topicel

[sellingtops] 01/12/2016 21:02

This stock has taken a hit since gold prices have fallen. Price may enter the lower distribution at some stage after a retracement.

Keep an eye on the RSI trendlines for confirmation.

hxxps://uk.tradingview.com/chart/RRS/Jzgc7GMx-Shares-falling-inline-with-GOLD/

[bonio10000] 01/12/2016 20:42

Double post

[bonio10000] 01/12/2016 20:12

Yep - a strong dollar kills exports as well and might well cause a china/emerging markets crisis.

Agree on the inflation - but that is the fiat system of money.

Low rates and high inflation both good for gold.

I certainly don;t see any reason for all time market highs, unless that is on the back of QE, which is again good for gold.

[professor pettigrew] 01/12/2016 19:52

You have it spot on bonio10000. There will be a couple of rate rises, maybe three, but they are token, and will eventually be reversed.

You cannot have a national debt of over $20TRN and sky-high rates. The yanks wouldn't be able to borrow if rates went up sharply. I get a very strong feeling that the Fed will wish to keep rates as low as possible for as long as possible in order to inflate away some of the debt.

Whatever way you look at it, it's the perfect storm for gold.

$1500 and upwards here we come.

[bonio10000] 01/12/2016 19:49

Rising oil should be good for inflation and bad for economy.

More rate rises then?

[bonio10000] 01/12/2016 19:40

Gold up

Penny is dropping over the pond I would suggest

Record govt debt, record personal debt

So raise rates then? Okay.........

[professor pettigrew] 01/12/2016 16:19

A very satisfactory performance, over £1 off the day's low.

I purchased another tranche at £55.64 earlier today (152 shares).

[bonio10000] 01/12/2016 14:09

Evian

Given the debt in the US - how will increasing rates, sucking consumption out of the economy and increasing bad debts help banks?

I get the margin thing - but the last thing they want are higher rates.

US consumer debt at all time highs, house prices at 2006 levels, what could go wrong?

[michaelsadvfn] 01/12/2016 12:08

David,

Are you serious?

MM's communicating with each other with secret codes?

Professor Pettigrew (LEG) 1 Dec '16 - 11:51 - 5690 of 5691 0 0

The "1" code has just shown again.

It worked last time. Could be some more positive news imminent.

[evianone] 01/12/2016 11:54

Don't know why your all having a go just ignore it. Trade what you see, I've given you my last trades (See previous posts) Gold now looking weak and support to me is at $1,100 unless we have a scare in America and people want to buy security.Plus Trump wants interest rates to go up, financial will then do well and have already moved.

RRS has a gap at £53/£54 from Jan 2016 that may get support, failing that its £48/50 area with a support further down at £44.

PP, I'm in agreement with you gold will be strong its a matter of when to buy.