Randgold Resources Share Discussion Threads

[redbaron10] 11/2/2017 12:31

This is all going to end very ugly.I have 50% of investments in physical gold+gold/platinum miners and petra diamonds.A bit of overkill on safe havens,but i like to sleep at night with a good insurance policy against what could be coming down the tracks viz a viz geopolitical events and global economics.World currencies have been so debased by central banks that nobody knows their true relative values anymore.With precious metals i believe you have a true valuation of worth.

[bonio10000] 11/2/2017 11:23

So tax cuts together with spending increases equals a rise in US deficit and weakening of Dollar.

Bullish gold.

[redbaron10] 11/2/2017 08:30

Spot on bonio10000.Trump's travel ban unwinding it seems.Talk about buy the rumour sell the news regarding the Don's tax cut plan.A very substantial plan has already been priced into the s&p (up 28% since last Jan 2016 low) which is still rising albeit on low trade volumes.These valuations across the pond are relying on very good 2017 earnings.Markets can only have a firm foundation if the financials are in robust shape.Apart from the US banks,where else are financials doing well.It was very telling that the gold price rose along side the dollar index.Talk about a bullish sign for GP.

[bonio10000] 10/2/2017 15:24

Oh - and throw in Fitch saying Trump is a risk to the world economy.

[bonio10000] 10/2/2017 15:24

Michigan consumer sentiment materially lower last month.

As a decent economic indicator - suggests weakness in economy and lessens rate rise %

[bonio10000] 10/2/2017 14:51

Looks like RRS leading a gold recovery after last night.

of course, a weaker dollar (Trump policy) will also increase export prices more and with more inflation.

[bonio10000] 10/2/2017 13:32

Import prices up 3.7% year on year in Jan?

Friday February 10 2017 Actual Previous Consensus Forecast

01:30 PM
US
Import Prices YoY JAN 3.7% 1.8%
01:30 PM
US
Import Prices MoM JAN 0.4% 0.4% 0.2% 0.2%

[bonio10000] 10/2/2017 13:13

US price data out today - will be interesting for any signs of import inflation.

[chinese investor] 10/2/2017 10:33

Looking Good !

[bonio10000] 10/2/2017 10:31

RRS holding up well.

I would assume its operational improvements have led to a re-rating independent of the price of gold.

[gilesgraves] 10/2/2017 09:41

Robrah. I appreciate everything you've said...and agree to some extent. ....But FXPO I think is going to have a better month than RIO. Lets see

[robrah] 10/2/2017 08:31

Giles . Sorry can compare fxpo vs rio Rio is world class and fxpo is not . The only reason fxpo somehow survived is the ukrainan currency and and recovery in iron ore. Mind you one more adventure from putin could render fxpo non existant. Too risky in my opinion. Rio had no question marks on survival.This ore boom will go bust and with it will take fxpo and other mosquitos . But rio will out last most . There is no comparison.

[fez77] 10/2/2017 08:29

Have you looked at SMUG recently - bound to rocket!

[chinese investor] 10/2/2017 08:26

Well Done Team !

[gilesgraves] 10/2/2017 08:20

Im also out of RRS. Will be back in though. I'm waiting for gold to bounce off 1220. Robrah lets compare 8th March RIO Vs FXPO.

[malcolmmm] 10/2/2017 08:16

sold early this morning about 9% up but will be back in as inflation will kick in at some point. Mind you not a big drop this morning as I expected.Even with gold around $1000 they say these will do well

[robrah] 10/2/2017 07:36

Yet again . RrS had forshadowed the fall in gold.Keep any eye on rrs today . If there is any resilience then gold willl bounce else we be back to the dark days

[keylifeskills1] 09/2/2017 19:25

Thank you for the update. Been in court this aft & unfortunately dropped & damaged my mob in the car park. Could access this site but not much re business news.

[redbaron10] 09/2/2017 18:49

Yeah,saw that bonio10000.That was what was responsible for the dollar index adding 0.5%, not Bullard's comments.I couldn't work out why the dollar went up after his comments!! As you say,tax breaks now.Is this kill or cure for the US economy? USD on watch.

[bonio10000] 09/2/2017 16:05

Trump announces tax cut in 2-3 weeks

That's going to do wonders for inflation.

[redbaron10] 09/2/2017 15:55

Dollar index already leaking lower.Get into the nineties and re-evaluate

[robrah] 09/2/2017 15:53

Hmmm if this were to fall be 70 i would be back for more.

[bonio10000] 09/2/2017 15:52

Dullard.

The FED are screwed - normalise rates to 5% on USD 20trn of debt and climbing.

Then add in the personal debt and mortgages.

Okay then !

[redbaron10] 09/2/2017 15:48

Yeah,Bullard of the Federal reserve had is piece.Stan Fischer speaking over the weekend.That's why i baled.These Fed members all put their two pence worth and the dollar reacts.Bullard is quite relaxed about further rate hikes,so why the dollar reacted so violently in the opposite direction to his comments,i don't know.Be patient and buy the dips in time.Mr Druckenmiller is back in gold apparently after selling out US presidential election night,so watch him closely.