Randgold Resources Share Discussion Threads

[bonio10000] 15/2/2017 16:15

I have put in a calendar reminder to order popcorn for that day.

[dstorey1] 15/2/2017 16:06

US debt ceiling and RRS ex div both on 16th March:)

[dstorey1] 15/2/2017 14:48

Either way President Trump jumps the only definite outcome is more US debt. More dollars in circulation, more price inflation, depreciation in US Treasuries held by central banks with resultant reluctance to hold said Ts. Ts are already being dumped. Interesting times:)

[bonio10000] 15/2/2017 14:43

hxxps://www.bullionvault.com/gold-price-chart.do

Gold stubborn and back up to pre-inflation figures.

They can only suppress it so long.

I'm sure a Trump tax cut won;t be inflationary at all.....

[dstorey1] 15/2/2017 14:40

Looking at daily chart there is a continuation triangle forming which if it proves correct would indicate a price target of circa 8600. No advice intended.

[bonio10000] 15/2/2017 14:33

hxxp://www.tradingeconomics.com/united-states/calendar

Terrible industrial production figures.

looks to me Q1 2017 is going to be poor for US GDP so more stagflation.

[bonio10000] 15/2/2017 14:32

Agreed.

Add in that bond rates are already rising and long term interest rate rises are a cost to business that will also add to price rises.

Add in that inflation will crush real wages and spending and all is rosey.

[dstorey1] 15/2/2017 14:24

Potential rates rises and the massive elephant in the room, debt. At present there are inflationary pressures building which in the good old days tightening monetary policy would have been used to counter. However I would argue that with global debt being at such levels as they are that avenue is no longer credible without running the risk of severe macro-economic consequences. Either by accident or design we are in very interesting times. Pleased to hold RRS and physical gold and silver.

[bonio10000] 15/2/2017 13:33

hxxp://www.tradingeconomics.com/united-states/calendar

Inflation 2.5%? Wow.

Value of the USD falling day by day.

Of course markets think rates will rise to curb it. But we all know the debt levels cannot cope with that nor can the USD with the impact of a stronger USD on imports and exports.

[bonio10000] 15/2/2017 13:09

US inflation news at 1.30.

Will be the next large driver.

Mortgage applications down again in the US. Rates not rising then without killing the house market.

[keylifeskills1] 14/2/2017 22:13

That's Randgold for you Tim, it's roller coaster nature is life's natural cure for constipation. Hopefully, as Giles says, it won't be too long before it's share price recovers & breaks through again. If not, there's always the dividend while we wait. Been a few occasions over the years when I've had to wait it out but it's part of the course with a yo, yo share.
kls

[gilesgraves] 14/2/2017 19:49

haha. Deary me. Expensive toilet break! And don't worry Keylifeskills, I doubt you will have to wait very long...

[keylifeskills1] 14/2/2017 16:04

Thanks for the updates bonio. Was looking good with share price moving up nicely. Had just got into profit from last weeks entry point when it fell back sharply. Oh well, just have to wait it out.

[bonio10000] 14/2/2017 15:45

USD index going beserk? What for?

[bonio10000] 14/2/2017 13:31

hxxp://www.tradingeconomics.com/united-states/calendar

Inflation up?

[blueball] 14/2/2017 10:58

These are doing well.

[bonio10000] 14/2/2017 09:01

EU growth stumbling - inflation roaring.

get printing Mario

[keylifeskills1] 13/2/2017 16:46

Small fall today but overall felt share price held up quite well.

[bonio10000] 13/2/2017 15:30

Big dollar strength today.

Let's see what the Trump tax plan is in a few weeks.

[bonio10000] 12/2/2017 12:37

Isn;t the true inflation adjusted value of gold $7000?

Ponder that.

[malcolmmm] 12/2/2017 11:32

Out at 9am back in at 10am, quite surprised at the strength of gold even after Trump talking to China to avert a trade war. Into RIO on Thursday on results and a positive analyses report by Fatprophets who have bought for their portfolio. it dropped but up Friday and looking very good with the copper shortage.
May buy more gold Monday as the man says the DOW is looking wobbly and the odds look good.


In last Friday’s survey, 72% of Wall Street voters and 64% of Main Street participants called for gold prices to increase in the current week. Around 11 a.m. EST, they were right, as Comex April gold was up 1% for the week so far to $1,230.90 an ounce. April gold is up 6.6% so far in 2017.

Assuming gold remains higher for the week, both Wall Street and Main Street will be 3-2 so far this year. Going back to mid-May, Wall Street forecasted correctly 23 times and was wrong 13 times, a winning percentage of 64%. Main Street had a 22-14 mark during this period for 61%.

Jeffrey Nichols, managing director of American Precious Metals Advisors and senior economic consultant for Rosland Capital, said he looks for gold to break above recent resistance in the $1,230-$1,250 range “one of these days,” thus attracting new longs to the market.

“Catalysts in the week ahead could be a further erosion of trust -- if there ever was any -- in the Trump administration and rising expectations that the Fed will not raise interest rates any time soon,” Nichols said. “Perhaps more importantly, I think we will see a continuing shift in asset allocation, with large-scale speculators and hedge funds lightening up on equities and taking on more gold via ETF (exchange-traded-fund) positions. These are momentum investors — and the momentum is self-reinforcing the current shift into gold and out of equities.”

Adrian Day, chairman and chief executive officer of Adrian Day Asset Management, also looks for higher prices.

“The U.S. stock market—leading other markets—is beginning to look a little wobbly, or at least less of a one-way street, so investors are turning to gold for a little hedge, all the more so with all the uncertainty in the world,” Day said.

Kitco senior technical analyst Jim Wyckoff said that the charts are “getting more bullish every week.”

Adam Button, currency analyst with Forexlive.com, also said higher.

“After Treasury Secretary (Steven) Mnuchin is confirmed, I expect the new administration to embark on a full-scale effort to weaken the U.S. dollar, and that could translate into large-scale gold gains at any time,” Button said.

Richard Baker, editor of the Eureka Miner Report, said Europe's political drama may re-emerge to give gold lift from Friday’s pullback.

“Soaring stock markets and a U.S. dollar bounce continue to be headwinds for the yellow metal,” he said. “However, the uptick in Treasury yields may be short lived as Europeans seek alternatives to rising yields on sovereign debt. I expect the net effect is a resumption in gold's seven-week uptrend.”

Phil Flynn, senior market analyst at Price Futures Group, said he looks for gold to ease next week even though he’s bullish for the longer term.

“Gold had its best move up since November. But now that we’re talking about a ‘phenomenal217; tax cut by President Trump, maybe the phenomenal move in gold will pause next week,” Flynn said. “With ‘phenomenal217; tax cuts coming, that is going to make the dollar a little bit stronger and it’s going to perhaps create higher yields in the Treasury market, which will maybe reduce demand for the yellow metal.”

Ken Morrison, editor of the newsletter Morrison on the Markets, also anticipates a pullback.

“The market has gone full circle for the week, trading up and stalling at $1,240 resistance and returning to last week's level near $1,220,” he said. “With the dollar and interest rates turning higher combined with slightly more moderate tone toward Mexico and China from the Trump administration, these are headwinds for gold. I look for gold to break $1,220 over the next week. It may not have much downside, but the drivers for a sustained rally are absent for now.”

By Allen Sykora of Kitco News; [e-mail]

[redbaron10] 11/2/2017 15:17

Stan,The man,Fischer has outlined that Trump's fiscal policy provides 'significant uncertainty' going forward.....markets don't like this sort of talk from central bankers.