Randgold Resources Share Discussion Threads

[fez77] 08/3/2017 15:07

We need to get the rate rise over and done with and then make progress from there. I am heavily into RRS and so am intent on being optimistic! I'm not looking to double my money but just to get a reasonable return. Plus the dividend will be coming along!!

[bonio10000] 08/3/2017 15:02

Rate rise is already factored into bond prices, which are the basis for lending and mortgages.

Tomorrow we get input price information and so inflation pointers.

Atlanta FED revised Q1 GDP to 1.3%. Good luck with more rate rises.

[richie32] 08/3/2017 14:46

Fez77 My feeling as well. Things may drift for now.

U.S. interest rate rise (if it happens) should bring things to a head imho

[fez77] 08/3/2017 14:22

Yes, it looks like it may get worse before it gets better.

[chinese investor] 08/3/2017 14:10

This doesn't look that good !

[fez77] 08/3/2017 14:05

LONDON--Gold prices fell Wednesday, as markets braced for a possible U.S. rate increase next week, when the Federal Reserve announces its decision March 15.

The spot gold price was recently 0.26% lower at $1,212.66 a troy ounce, having dropped roughly 3.5% from its year-to-date high reached Feb. 24.

The dollar strengthened as 30-day Federal Funds Futures gave an 83% probability of a 25-basis-point interest rate increase next week. The WSJ Dollar Index, which tracks the dollar against a basket of currencies, gained 0.13 to 91.87.

"It's quite unusual that gold prices have held out this long, given the increase in the probability of a Fed rate-hike," said Simona Gambarini of Capital Economics.

Gold prices have recently pulled back after remarks from Federal Reserve officials about the likelihood of a rate rise, Ms. Gambarini added.

Higher interest rates make it harder for gold to compete with other investments, as the metal doesn't pay a return. Higher rates also tend to boost the value of the dollar, which makes dollar-denominated commodities like gold more expensive for holders of other currencies.

The precious metal's recent fall is similar to those seen in the run up to the widely expected rate rises of December 2015 and December 2016, Marex Spectron's David Govett pointed out.

Investors should think twice about dumping gold in the long term, though, Mr. Govett warned. Although gold may slip further in the aftermath of a rate increase, looming political risk on either side of the Atlantic will likely support gold prices in the coming months, he said.

President Trump's propensity to make unplanned public statements, combined with rising populism and imminent elections in Europe mean "it would be silly to short gold in the long term," the analyst said.

[stevenrevell] 08/3/2017 08:50

I wish 7 months

[chinese investor] 08/3/2017 08:13

Double Your Money In Seven Months !

[buy curious] 07/3/2017 11:06

For the record.
I am shorting this.
Target price 5000 by end of June.


See you again then for check up.

[buy curious] 07/3/2017 11:05

redbaron102 Mar '17 - 16:05 - 7861 of 7869 0 0
Got to speculate to accumulate.£74 is a nice round number.Got topped up with some more.



Spoken like a true mug punter.

[fez77] 07/3/2017 09:11

Taking a beating now. Any views on when the tide will turn???

[professor pettigrew] 05/3/2017 23:10

Pity you don't enter "recession".

Permanently.

[chinese investor] 05/3/2017 12:49

China entering recession....and I should know !

[bonio10000] 05/3/2017 11:58

How exactly are they going to meaningfully raise rates with:

i. $20trn in public debt

ii. Record student loans

iii. Record auto loans

iv. House prices above 2008 levels

Doesn't make any sense to me without crashing the economy and leading to a reduction in rates.

Unless they use inflation to erode the real value.....

[redbaron10] 04/3/2017 23:08

Ok lost a quick quid,but could've bought ACA as i've done in the past,and would have been truly sick! Yellen and the Fed pretty much committed to a March rate rise so at least we know where we stand for the next ten days.Dollar bulls sold off Friday afternoon,so hopefully the punishing week that POG had is in the rear-view mirror now and we can expect further dollar weakness now.The Fed is hoping that non-farm payroll numbers on Friday will back up their decision of a rate rise,otherwise the dollar could be really hit on Friday.As a long term bull on gold,we almost get a free run here.The Fed is expected to raise rates,but any US economic data or Trump announcements that surprise the markets in the next 10 days will give POG a boost imho.I feel like a kid in a sweet shop.All the stars could align here.After POG worst week since last November,we should get a rebound.With CEY going ex-dividend last week and ACA's problems possibly providing a great buying opportunity,and HOC suffering on Friday on sector worries,a lot of the players in this sector have weaker SP's now.Also we have the added bonus of the Dutch elections on 15/3.The far right Geert Wilders is leading in the polls,adding to Euro worries.Dyor but fyi HOC annual results due 8/3

[bonio10000] 03/3/2017 13:12

Looks like RRS no falling for the paper head feint.

[bonio10000] 03/3/2017 07:53

Tin hats until the March US rate decision.

I see german retail sales down 1% in Dec and Jan

bullish.

[redbaron10] 02/3/2017 16:05

Got to speculate to accumulate.£74 is a nice round number.Got topped up with some more.

[redbaron10] 02/3/2017 15:29

Sitting tight through this phoney war.The US markets keep climbing,based on what? If Fed funds futures now indicating a likely Fed rate rise in mid-March,why is money still piling into equities bigly? For all Donald's executive orders,the big one on immigration was stopped in its tracks in the courts.Ever since we have been told another replacement is in the pipeline.Imho a lot of the Donald's rhetoric will be rowed back on.And the tax plan,Obamacare,infrastructure spending etc is all going to take TIME.It doesn't matter how high the dollar index goes it doesn't seem to dent POG or interest in it.It is interesting to note Mr Trump hasn't commented much on dollar strength,but this high dollar index is counter-intuitive to what he is trying to achieve.A border adjustment tax isn't going to be implemented any time soon(provided he can get it through the Senate),meanwhile imports get cheaper to the US and exports from it more expensive.A hell of a lot of assumptions and forward earnings prospects are now baked into share price valuations.A classic buy the rumour sell the news here imo.

[fez77] 02/3/2017 15:02

Chinese Investor - noted and thanks.

Professor Pettigrew - noted and thanks for insight.

[bonio10000] 02/3/2017 10:32

EU inflation at 4 year high.

Wonder if the Germans will raise rates?

(lol)