Randgold Resources Share Discussion Threads

[professor pettigrew] 03/12/2016 23:21

Couldn't agree more bonio1000.

To hell with the establishment.

A NO vote in Italy, and a vote in Austria for the Hun will facilitate a £60 opening here on Monday morning, along with at least a $10 uplift in the gold price.

The gearing of this stock to an ounce of gold dollar price has to be seen to be believed.

Just keep buying whatever the direction. $1500 gold by next June, and £100 Randgold at the minimum.

[bonio10000] 03/12/2016 21:45

I would rejoice to the end of the EU and a reduction in all worldwide coercion and government interference in people's lives.

And to hell with it.

[professor pettigrew] 03/12/2016 20:52

Bottom line is - if you ever dabble in gold (as opposed to gold shares such as RRS) - ALWAYS demand physical delivery if you buy and hold.

That way, if you are a holder of quality stock such as RRS, you take a fractional amount of physical gold off the market. If everybody did that, eventually the con-men, so rife in the gold market, would quickly run out of the physical, would be unable to deliver to buyers and the squeeze would be on so hard, that the price would double, triple and quadruple before you blink.

Conclusion - buy the physical, take the physical and store it, but stock up on shares like RRS first and facilitate the squeeze.

The con-men such as Comex will hate you for it.

[professor pettigrew] 03/12/2016 20:47

I'm hoping the above will be very helpful to any newbies who do not understand the gold market.

This, of course, doesn't apply to the trolls or anyone here who is as thick as them.

We will make serious money. They will wither on the vine, as they deserve to.

[professor pettigrew] 03/12/2016 20:44

At a club dinner this evening, discussing gold (what else?).

Via my mobile, discovered this. Thought it might come in handy for any of you who want to pile in big time on Monday morning.

Oh, and by the way, Italy will vote NO.

[professor pettigrew] 02/12/2016 21:47

Gold moving higher towards the metal markets close at 10pm London time.

A nice "NO" vote in Italy, and a vote for the Hun in Austria sets us up nicely for the next leg in gold come Monday morning.

And if that doesn't come to pass? Then gold and RRS will slip back. Just buy some and hold for the next leg up.

It will come. We all know that.

[evianone] 02/12/2016 21:21

Thanks dstorey, you have to be in these markets, so so many times I've held for a little bit more, its taken years and I've noticed in the last couple of years its getting worse, not many hold for days if % increase has been good.I always believed if you had a good stock you held its true for some but not many. (in my experience)

[evianone] 02/12/2016 21:09

PP I agree this looks like a buy tonight on charts, but I'm not willing to hold and wait for Italy, everybody is expecting a No vote and the way things have been going the surprise vote will be yes, its a gamble and I just took my profits off the table, never a poor man that does that. I may be hitting table and throwing items on Monday, but that's life I'm happy with today's trade. Oil Companies could be strong over the next few weeks and today was the day to dip toe in the markets, unless you did 2 days ago, which I didn't. At the end of the day we are small fry and will never influence the market or its makers.

[chinese investor] 02/12/2016 20:26

Lovely !

Chinese Investor1 (RRS) 1 Dec '16 - 22:09
I was able to pick up 3,000 today - £70 nailed on

[professor pettigrew] 02/12/2016 18:59

But that is the sign of a classic gold bug.

If you can't stand the heat, then get out of the kitchen.

The more world turmoil and distress there is if you hold ever increasing amounts of physical gold and stocks like RRS the better.

It's an evil world out there, and that is exactly what gold is meant to cover.

Either hold it or fold it.

[evianone] 02/12/2016 18:47

PP, don't think we should rejoice in world turmoil for profit, regardless of how much money any of wish to make.

[professor pettigrew] 02/12/2016 16:59

A good day all round. The detractors and trolls must be crying in their packet soup.

Just to put the icing on the cake, here's some more important info.

Come on Italy - vote no - and Austria needs to elect the Hun.

The more world turmoil the better for us. Catch you all Monday.

[evianone] 02/12/2016 16:56

D1 and bonio I trade in volume, if its a no vote I'll miss the rise, but I have learnt over the years and still learning to take a decent profit, 2% in a day is not to be sniffed at and no stamp on this stock helps. Plus from knowledge trading there is always another day and stock to trade.

[professor pettigrew] 02/12/2016 16:55

Greetings from the Dales.

For your delectations:-

[bonio10000] 02/12/2016 16:46

If it is no - that opens up Renzi going and 5 star being elected in fresh votes.

Which is the end of the Euro.

Don;t forget Austria as well !

[dstorey1] 02/12/2016 16:36

Respect your decision and must admit recent top up was more heart than head but I think the Italians have sufficient history with their established political class to justify a bet for No.

[evianone] 02/12/2016 16:25

That's me out just, sold from this morning just don't trust Italy and the results they may well just vote yes!!

[dstorey1] 02/12/2016 16:11

Another small top up:) Come on Italy!!!

[bonio10000] 02/12/2016 14:42

Raising interest rates and crippling demand and exports should be good news for the dollar then?

[dstorey1] 02/12/2016 14:28

Precisely. Unemployment figures are bogus and dishonest. The only true figure is that which measures economic participation rate.