Randgold Resources Share Discussion Threads

[professor pettigrew] 13/1/2017 13:42

Now back just below. 50/50 could go either way.

[philanderer] 13/1/2017 13:33

Berenberg note:

Berenberg upgrades Randgold to 'buy' from 'hold'

[blueball] 13/1/2017 13:21

Looks good pp.

[professor pettigrew] 13/1/2017 13:20

Spot gold now back above $1200.

[philanderer] 13/1/2017 12:50

Gold has been hitting seven-week highs above $1,200 an ounce this week and is hovering just below that level this morning.

The World Gold Council believes gold will continue to shine this year, despite some concerns that the strength of the US dollar could limit its appeal.

In its outlook for 2017, the organisation argues that demand for gold will be underpinned by a number of factors including heightened geopolitical risks, currency depreciation (euro and pound) and growing inflation expectations.

Looking back at 2016, it says:

“The gold price had a strong performance in 2016, rising close to 10% in US dollar terms making it one of the best performing assets last year, despite a post-US election pullback. And the price has gained more than 5% since the Federal Reserve increased rates in mid-December.”

Gold always thrives on uncertainty and there is plenty of that at present. The unknowns presented by US president-elect Donald Trump, who will be inaugurated on 20 January, Britain’s exit negotiations with the EU, and elections in the Netherlands, France and Germany should all boost demand for bullion, seen as a safe haven in times of trouble.

[philanderer] 13/1/2017 10:55

Berenberg upgrades to 'buy' from 'hold' today , target 7400p up from 7190p

[wisteria2] 13/1/2017 07:39

Well as the worlds most powerful man all he needs to do is fart and there will be a hurricane in Asia!!

But yes pp rrs could well come off the boil! don't forget that the ftse at all time high so any retreat on that front could influence... timing is everything with thr top ups GLA

[professor pettigrew] 13/1/2017 07:19

Morning all. Opening indications here around £round £67.35 so a good opportunity to pick up some more stock.

Gold looking pretty steady at $1196. Everyone now waiting for the next instalment of the "Trump Files".

GL to all decent genuine holders.

[professor pettigrew] 12/1/2017 22:08

Well, as I suspected, gold closed below the $1200 line in NY tonight, closing at $1196.

This probably means £1 off the share price tomorrow morning, but it's a minor distraction in the big scheme of things.

£100 is my target for 2017.

[professor pettigrew] 12/1/2017 18:44

For anybody with any doubts, even if gold has a retracement of $50 or so, this is the article you need to read and take note of:-

[blueball] 12/1/2017 18:38

The bulls are in full control.

[professor pettigrew] 12/1/2017 18:15

Gold currently $1197.22 spot in New York.

Looks like RRS may fall enough for me to buy some more!

[professor pettigrew] 12/1/2017 17:31

blueball - that's exactly my target.

$1500 by mid-year, end July or thereabouts. RRS to hit £100 and GPM, another little beauty, to hit £1.

Bound to be profit-taking on the way, which is healthy, but the trend is firmly upwards.

Every time Trump makes remarks it seems to reinforce the belief that the world is going to hell in a handbasket.

Mind, I do like the bloke.

[blueball] 12/1/2017 17:15

Gold is heading to $1500 in 2017 imo.

[wisteria2] 12/1/2017 17:13

Gold Surges Above $1,200 as Details-Shy Trump Weighing on Dollar

by
Susanne Barton




and
Eddie Van Der Walt





‎12‎ ‎January‎; ‎2017‎ ‎11‎:206;42 Updated on ‎12‎ ‎January‎; ‎2017‎ ‎15‎:206;46
➞
Traders remain uncertain on the president-elect̵7;s policies

➞
Metal up around 4% this year as investors pour into funds



Gold futures rallied to a seven-week high as investors flooded back into funds backed by the metal and the dollar declined in the aftermath of Donald Trump’s press conference that provided little detail on his economic stimulus plans.

The metal on Thursday rose above $1,200 an ounce for the first time since late November as exchange-traded holdings jumped by the most since the day after the election. The U.S. currency fell against all of its major peers, dropping 1 percent against the Japanese yen.

[philanderer] 12/1/2017 16:31

Impressive today.... just as well , took a right old whack on my ABF :-)

[professor pettigrew] 12/1/2017 15:51

A very healthy two-way pull here. After hitting $1201 twice, gold is rising gently. And RRS after hitting £67.65 a few mins back is also rising.

Tonight's Comex gold action will be riveting.

[bonio10000] 12/1/2017 15:02

A repeal of Obamacare on day 1 should spook the markets and put gold up a good $50.

[professor pettigrew] 12/1/2017 15:00

Gold moving back up again, now $1205 spot. Maybe the yanks aren't going to spoil the party after all.

[professor pettigrew] 12/1/2017 14:43

Well, even though I think we could see a slight pullback in gold, I've just dived in for another 528 at £68.05.

[bonio10000] 12/1/2017 14:09

BTW

96% of all donations from journalists during the campaign were to the democrats.