Randgold Resources Share Discussion Threads

[bonio10000] 10/1/2017 10:27

PP - his new book is a good read.

[professor pettigrew] 10/1/2017 09:52

Agreed bonio - he comes across as one of the few "experts" who actually knows what he's on about.

giles - welcome.

[gilesgraves] 10/1/2017 09:46

PP - correlation posts are very useful to keep track. Thank you

[professor pettigrew] 10/1/2017 09:27

Morning bonio1000.

Yes, inflation ticking up in China, but to continue exporting in the way they do, they don't want a stronger Yuan so rates probably won't rise there.

Also they are buying as much gold (physical) as they possibly can.

I still firmly believe the story that eventually they are going to link it to the Yuan and make it the world's reserve currency backed by gold, when the US$ eventually gets torn to shreds in the next four years.

I don't think people like Jim Rickards would put his reputation on the line by forecasting $5000 gold if he didn't know what he was talking about.

[professor pettigrew] 10/1/2017 09:24

Analyst on CNBC just now saying he forecasts a 25% fall in the US$ by the end of Trump's first term, and combined with geopolitical uncertainties and Trump's controversial style "gold is the only way to go".

[bonio10000] 10/1/2017 09:24

Production inflation in China increasing - which means it is coming to the West soon.

[professor pettigrew] 10/1/2017 09:22

Remember - at $1200 gold RRS is "a cash cow".

[philanderer] 10/1/2017 09:07

Morning everyone

Jefferes reiterating 'buy' , cuts tp from 9500p to 8700p - that`d do me ;-)

[professor pettigrew] 10/1/2017 08:53

Good morning all. The correlation was almost spot on again.

Spot gold up around $2 currently, futures down around 10c, so looking to consolidate before a further move up.

$1200 will equate to £70 here.

[blueball] 10/1/2017 08:17

Good start to the year so far.

[philanderer] 10/1/2017 00:16

Still around $1183 in the east


'Navy destroyer fires warning shots at Iranian vessels in Strait of Hormuz'

[the macallan] 09/1/2017 21:31

That Numis note read well yesterday.

[professor pettigrew] 09/1/2017 19:01

For those interested in the relevant correlation, $1185 gold roughly equates to an share price of around £66.95.

[professor pettigrew] 09/1/2017 18:51

Spot gold now $1185 in NY.

[professor pettigrew] 09/1/2017 17:52

Good find philandere. Many thanks.

[philanderer] 09/1/2017 17:10

January 09, 2017 08:37 ET

"Loncor Announces Results from Randgold's Airborne E.M Survey at Loncor's Ngayu Project

Results highlight 10 areas for ground follow-up commencing in Q1 2017"

[professor pettigrew] 09/1/2017 17:01

Decent day today and a strong finish. Spot gold currently $1183, up $10.97.

Wouldn't be surprised to see gold flirt with $1200 this week, and RRS test £70.

[blueball] 09/1/2017 16:27

Incredible performer today.

[philanderer] 09/1/2017 14:22

Can`t seem to make up their minds ;-)


A senior Federal Reserve official said on Monday that the central bank’s forecast for three rate increases this year is “reasonable” to offset the risk that employment and inflation will overheat.

Boston Fed chief Eric Rosengren said in prepared remarks that he reckons the Fed should “gradually normalise US monetary policy” after raising its benchmark interest rate only two times since the end of the 2008 financial crisis.