Randgold Resources Share Discussion Threads

[professor pettigrew] 12/1/2017 14:04

I'll be interested to see the spot price at the London close tonight at 10pm our time.

I think on balance it will be below $1200.

[professor pettigrew] 12/1/2017 13:56

What a game of cat and mouse this is. Gold goes down to $1200.35 then recovers back to $1202.50, similarly RRS hits £67.80 and within minutes is back to £68.10.

I think I need a drink!

[professor pettigrew] 12/1/2017 13:47

Gold looking a bit tired, could pull back to the $1180 level taking RRS down to around £65.50.

Only my view and DYOR.

[bonio10000] 12/1/2017 13:35

Decent employment numbers might cap any rise now Trump is out of the way until the 20th.

Love the guy - but the markets get nervous when he talks.

[professor pettigrew] 12/1/2017 13:34

Gold hovering just above the $1200 mark. This afternoon will be crucial. We either go back to around the £67.25 mark or recover to £68.50.

[wisteria2] 12/1/2017 12:38

Will the yanks spoil the party!!! certainly screwed it back yesterday!! gla

[professor pettigrew] 12/1/2017 12:16

Lol Terry! If that's not an omen I don't know what is!

GL.

[professor pettigrew] 12/1/2017 12:16

I get the sense we may go back below £68 this afternoon. Gold looks to be stuck at the moment.

[terry barnett] 12/1/2017 12:13

Prof - Thanks for that. Discount around 17% now. And I was 69 yesterday.

[professor pettigrew] 12/1/2017 12:01

Terry - haven't look at the NAV for GPM lately, but a few months ago they were trading on a 20% discount.

[professor pettigrew] 12/1/2017 11:56

£££;£'s that is.

Terry Barnett - hold around 50,000 both in SIPP and ISA of GPM.

Another stock that tends to lag, but full of excellent smaller gold mines.

Bought them between 35p and 52p, and they have recovered recently. Good long-term hold I reckon, especially if gold performs as I think it may.

[professor pettigrew] 12/1/2017 11:54

At the risk of sounding vulgar - anyone fancy a "69"?

[terry barnett] 12/1/2017 11:49

Prof, as a holder of RRS, I also hold GPM which seems to follow after I think mainly because predominately invested in Canada. Would like your view.

[blueball] 12/1/2017 11:38

Into the 70's soon.

[stevenrevell] 12/1/2017 11:36

U got it right again pp I'm getting itchy feet now

[professor pettigrew] 12/1/2017 11:02

Thanks phil. Glad to be of service!

[professor pettigrew] 12/1/2017 11:01

An excellent performance so far.

[careful] 12/1/2017 10:02

never dull.
from £38 to £98 to £54 then up to ....
all in less than 2 years.
fasten your safety belts.

[blueball] 12/1/2017 09:51

No signs of a sell-off today.

[philanderer] 12/1/2017 09:21

Morning all.

PP , top call last night :-)

[professor pettigrew] 12/1/2017 09:20

Lol bonio - spot on there!

[professor pettigrew] 12/1/2017 09:19

Spot gold settling around the $1204 level, just over $3 off this morning's high.

RRS steady at the £68 level, but more profit-taking than I originally expected.

Any traders need to keep a sharp eye on the gold price, if it falls back below $1200 then we could pull right back to £67.25 or thereabouts.

[goldenshare888] 12/1/2017 09:07

£100 :)))