Randgold Resources Share Discussion Threads

[professor pettigrew] 04/12/2016 19:30

Impressed or not, they are the facts.

[professor pettigrew] 04/12/2016 19:27

I have gold at $1500 by next June, and RRS at a minimum of £100.

Now, with the gearing effect, just imagine the RRS price at a gold price of $3,000 which is being talked about frequently.

[juju44] 04/12/2016 19:25

Sorry, not impressed and anyway the Itis are not renowned for taking gutsy decisions

[professor pettigrew] 04/12/2016 19:23

Do the maths, and look at the correlation between the gold price and the RRS share price.

There is no other gold stock traded on the planet that has the gearing effect as pronounced as this.

So, a $10 increase in gold tomorrow would put these around £1.50 up.

[professor pettigrew] 04/12/2016 19:22

May be "pathetic" to you juju44 - but you've obviously not thought of the gearing on RRS.

Extraction costs = $850 per oz.

[juju44] 04/12/2016 18:49

$10 - how pathetic is that and Europe imploding

[professor pettigrew] 04/12/2016 17:27

Austria have let the gold bugs down, but Italy is far more important, and if we wake up to a strong "NO" vote in the morning, expect gold to put on at least $10.

[christh] 04/12/2016 17:12

Professor Pettigrew 4 Dec '16 - 00:16 - 6297 of 6310

I hope you are right, I have pinned my hopes to that.
I am a holder, long term holder.

[philanderer] 04/12/2016 16:59

But Italy could be another matter.

Ready to buy a few RRS tomorrow.

[philanderer] 04/12/2016 16:55

Austria far-right candidate Norbert Hofer defeated in presidential poll

[giant haystacks] 04/12/2016 15:54

David - what's wrong - you seem to be worried about something?

[giant haystacks] 04/12/2016 15:50

I am happy to confirm that my hubby Cedric, who is now 87 and was the most feared stockbroker in the city, sometimes gets confused.

Luckily he is full of fiscal acumen and he investing my SIPP in nailed on ten baggers.......
......and then there's his impressive two inch weapon.

[michaelsadvfn] 04/12/2016 13:16

Prof,

For someone who's supposed to be away in the dales for the weekend dining with his chums(all ex-bankers, hedge fund managers, brokers & gold experts), you sure are spending a lot of time at your pc in Sutton.

Just saying like.

[amelia airhead] 04/12/2016 12:45

Dad - sorry forgot you are in the Yorkshire dales.

[amelia airhead] 04/12/2016 12:11

Dad - can you pick us up at Gatwick airport?

[chinese investor] 04/12/2016 11:19

"Michaels",
I've concluded our hero is spending the weekend in "Sutton National Park" !

Professor Pettigrew (RRS) 2 Dec '16 - 16:55
Greetings from the Dales.

Professor Pettigrew (LEG) 2 Dec '16 - 08:03
Off to the country for the weekend.

[professor pettigrew] 04/12/2016 00:16

And buying more on Monday above or below £60.

Eventually a oneway-ticket to £100 and well above.

Gold is the future.

Vamousse is not.

[professor pettigrew] 03/12/2016 23:58

Italy votes NO
Austria votes for the Hun
France votes for Marine Le Pen
The US$ collapses
The euro completely collapse as more countries vote to leave.
Gold soars to $2,000 and then $3,000
RRS hits £100, then £200 and £250
And all this within a year.

How wonderful to be fully loaded here under £60.

[bonio10000] 03/12/2016 23:24

I should really be concerned with the 48% who want to actively avoid a clearly worded vote?

Balls to them all.