Randgold Resources Share Discussion Threads

[gilesgraves] 17/2/2017 09:39

Looking great. Unexpected drop in retail sales. Lets get up to 7500 at least.

[bonio10000] 17/2/2017 09:28

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

Up we go. A week of consolidation actually quite handy.

[chinese investor] 17/2/2017 09:27

Looking Good !

[gilesgraves] 17/2/2017 08:51

I agree but Im not thinking that long term. The initial response to a rate hike will be a drop in gold price. Long term the effects of inflation though i agree with you.

[malcolmmm] 17/2/2017 08:33

I think as do many others that rising inflation will be the main reason for buying gold

[timothyjones2010] 17/2/2017 08:26

Let's hope so, RRS is trying to rise at the moment, see how the trades are going mid morning

[gilesgraves] 17/2/2017 08:17

Seemed to be some serious selling going on with RRS yesterday, and wednesday, in spite of a strong and rising gold price. I am very bullish on Gold so I am thinking these shorters and sellers are going to be desperately trying to close today. Retail prices are expected to rise at 9.30am so that may hit the gold price slightly but in spite of several attacks on it over the last few days it has just stayed strong and risen so I expect the same to happen after retail figures. RRS should in my opinion be well over 7500 right now and certainly by the end of today. I personally do not think there will be a rate hike in March and that would send the gold price to new highs. Fear of a rate hike is keeping some buyers off and probably Yellen's words are responsible for these big institutional shorts / sells. But we shall see....i suppose a hike is possible. It would be so great if the hike never materialised as faith in the FED would be seriously damaged and gold would rocket.

[bonio10000] 16/2/2017 13:32

Strong looking figures - especially the Philly manufacturing numbers, which support those from NY.

However, the hard data of industrial production is simply not supporting this.

There is a survey and hard data disconnect somewhere.

[bonio10000] 16/2/2017 13:26

Big data dump today - housing will be interesting

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

[timothyjones2010] 16/2/2017 11:51

Roll a coaster I think this is going to be a day like yesterday

[richie32] 16/2/2017 09:48

A few profit takers here I suspect. Good luck to 'em.

No reason why this should not touch £75 imho

[dstorey1] 16/2/2017 09:48

Note 7740. Market will try and test validity of break so expect some tree-shaking.

[bonio10000] 16/2/2017 09:43

A nice break about $1240 and £75 would be handy

[chinese investor] 16/2/2017 08:55

For The Record I've Been Topping Up "My Physical Stuff" !

[dstorey1] 16/2/2017 08:20

Mentioned continuation triangle yesterday and looking as though it has broken to the upside confirming continuance of uptrend. Gold also appears to be trending up. All looking positive:) GLA.

[stevenrevell] 16/2/2017 08:13

Welcome back pp

[professor pettigrew] 16/2/2017 07:10

Morning all - spot gold nice and steady at $1234 - up $1.

Remember RRS' extraction costs are falling towards $600 per oz, so even a couple of dollars on the gold price goes straight to the bottom line with a positive effect.

[bonio10000] 16/2/2017 01:20

Nice late night rise in gold as Asia starts trading.

Seems as if the threat of rate rises has been shrugged off - around USD 15 up since the inflation figures and Yellen opened her fat lying mouth yesterday

[keylifeskills1] 15/2/2017 22:13

Good recovery in gold price before UK market close following earlier drop. Continues to rise this eve & a good sign for tomorrows share price.

1,233.20Bid
1,234.20Ask
High: 1,234.30Low: 1,216.20
+5.40

[professor pettigrew] 15/2/2017 21:55

By the way, my latest holding is 672 RRS - so watch out for that being traded once we hit £75.

And my latest research points to a spike to around 0.06p in XTR - Xtract Resources which has uncovered a significant and important gold holding.

Around 0.04p to buy tomorrow if anyone wants a few million.

[professor pettigrew] 15/2/2017 21:53

Greetings fellow Randgolders.

A great month in the Caribbean, met a fellow ADVFN merchant who trades in and out. Told him the virtues of RRS which I'd traded 8 times on board. Put over £8.5K in Mrs Pettigrew's pension fund with it.

An awesome time, now back to the grist in the morning.

Good luck all.

See the resident trolls are dying on their feet now. Whither Tyratech and "michaels"?

PP

[malcolmmm] 15/2/2017 21:07

The Motley Fool-
The FTSE 100’s 27% rise in the last year has caught many investors by surprise. After all, the ‘leave’ vote in the EU referendum and Trump’s election victory were supposed to send share prices lower, according to the majority of forecasts. However, that has not been the case and the outlook for the global economy remains bright. As such, these two fast-growing shares may see their prices rise over the medium term.

A solid mining play

Describing a mining company as ‘solid’ may sound rather strange. After all, its financial performance is highly dependent on the price of the commodity it produces. However, Randgold Resources (LSE: RRS) has a sound financial position, with the company having a net cash position of over $500m, strong cash flow and a robust outlook.

The gold price should provide a hedge against possible challenges in 2017. Inflation caused by Trump’s potentially loose fiscal policy may push the precious metal’s price higher, while uncertainty caused by Brexit may lead to an upward re-rating in its valuation. Looking ahead, Randgold Resources’ bottom line is expected to increase by 26% this year and by a further 20% next year. This puts it on a price-to-earnings growth (PEG) ratio of only 1.2, which indicates there is capital gain potential.

While the company may not be as robust as a utility or tobacco play, for example, for a resources stock it offers a degree of resilience against a possible decline in the macroeconomic outlook. Alongside sound management, a long-term exploration plan and a relatively well-diversified business model, Randgold Resources seems to be a strong buy for patient investors.