24/05/2016 10:49:49 Cookie Policy +44 (0) 207 0700 961 Free Membership Login
Name Symbol Market Type
Randgold Ads LSE:GOLD London Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  +0.00 +0.00% 39.00 0.00 0.00 - - - 0 05:00:10

Randgold Ads (GOLD) Latest News

Real-Time news about Randgold Ads (London Stock Exchange): 0 recent articles
More Randgold Ads News

Randgold Ads (GOLD) Charts

1 Year Randgold Ads Chart

1 Year Randgold Ads Chart

1 Month Randgold Ads Chart

1 Month Randgold Ads Chart

Intraday Randgold Ads Chart

Intraday Randgold Ads Chart

Randgold Ads (GOLD) Discussions and Chat

Randgold Ads Forums and Chat

Date Time Title Posts
24/5/201609:54The Really Useful Gold Thread176,174
16/5/201620:59Metal detecting...Oh the excitement of finding a hoard :O)2,038
15/4/201614:38GOLD - UP or Down from here ?339
07/4/201610:59The Really Useful Gold Thread -- Lounge5,379
03/3/201621:19SPOT GOLD $1000 THIS WEEK3,834

Add a New Thread

Randgold Ads (GOLD) Top Chat Posts

DateSubject
24/5/2016
09:20
Randgold Ads Daily Update: Randgold Ads is listed in the sector of the London Stock Exchange with ticker GOLD. The last closing price for Randgold Ads was US$39.
Randgold Ads has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Randgold Ads is £0.
29/3/2016
08:52
peterbarnes35: bdp. Since 1913 the dollar has lost 95% of it's value. All fiat currencies are constanly losing their value. Fractional reserve banking is constantly printing and producing money out of thin air. And that's besides,the fact that since 1971 when Nixon took America off the 35% gold standard, in order to print money, thats exactly what they have done. All countries with fiat currencies are constantly printing and those currencies are constantly losing value because of this.Money devalues because governments are constantly adding to the money supply by printing. Gold cannot be printed. It can be added to with newly mined gold. But that is a small percentage of the total amount. Which means the price of gold inflates very little. And since the gold price dropped, less has been mined, because gold is costly to mine.Gold is formed in a supernova explosion, so it cannot be produced. All of which makes gold the ideal standard. Up untill 2008 the price of gold was constantly rising against all currencies, as they devalued, and the reason people turned to buying gold.The rising gold price was like an arrow pointing out the devaluing of all currencies, to the public. And for this reason the central banks have suppressed the price. The total amount of gold has risen very little wilest paper money has been printed nearly to infinity. Which means it doesn't take a genius to realise gold or silver have a lot of catching up to do. PS Myself and others have been on this thread for about 15 years. So we have picked up a little understanding of what makes the gold price rise,lol.
22/3/2016
16:58
savogi: Simon this is my old post I posted few months ago that, Gold prices is going nowhere as long as the FED is in control... I believe gold prices will get smack down once again.. Rising gold prices is an indication of loss of confidence in the U.S dollar and is signaling a drop in the dollar's exchange rate. So the Fed and other big banks in the U.S will do everything to keep the prices low.. This is the only reason gold prices is going nowhere..They smack it down every time..As long as the Fed is control... For policy makers and "money printer" the last thing they want is gold prices going to the moon..... In order to keep the Ponzi system and the bond market going,they smash the gold price down to scare ordinary punters investing in gold, than you keep trillions of dollars in the bond market that's earning no money? You make the Bond market look stable and make everything else look volatile.
09/1/2016
11:15
hectorp: Liberal facists? well the tea party were neolibs, so they could be " liberal facists" I suppose. at least half the tory party will be in the same camp. Kippers are not liberal, most are not exactly facists, anyhow, Britain has no history of accepting a Facist outcome to their problems. I sense that is why so few Kippers got elected in May, where as their following suggests they were the third party in england. PS Farage and I agree on beer - stuff their guidelines. I'd rather talk about gold today guys? As its the weekend, My post here takes us back to a window in recent time, and how different conditions were for gold and the dollar. It is September 2007... and.. THis is from the GDX thread of 2007... "....Now I know this sounds ridiculously optimistic, but regardless it is indeed what the bull-to-date precedent of HUI upleg cycles suggests is possible. And based merely on technicals alone, possible is as far as we can take this analysis. But when today’s fundamentals for the HUI’s primary driver of gold are also considered, I suspect the odds for an imminent massive HUI upleg move from possible to probable. With $700 gold again, excitement is building for this long-neglected metal even outside of the usual contrarian circles. Gold fundamentals remain overwhelmingly bullish, with world demand growth far outstripping supply growth. On top of this, we are entering the most bullish time of the year for gold. In autumn and winter huge seasonal gold buying out of Asia tends to drive powerful gold rallies. This is great news that should drive the HUI considerably higher, but there is an even bigger development that has the potential to ignite this new gold upleg like rocket fuel. The US Dollar Index has now fallen under critical support at 80 and is approaching new all-time lows! Lower interest rates in the US will drive even more dollar selling, but the Fed has no choice since the stock markets, bond markets, and politicians are all pressuring it to cut rates. So as the US dollar enters uncharted territory, dollar selling by foreign investors ranging from individuals to central banks should accelerate considerably. Some of this flight capital will naturally migrate into the ironclad safety of gold, the only currency that has survived all of human history. The current dollar slide is so technically ominous and important that it could very well drive the biggest gold upleg of this entire bull. And while mainstream commentators will claim $700+ gold is really expensive, this isn’t really true in light of history. If you adjust the gold price for inflation by using the watered-down CPI, gold’s real 1980 highs in today’s 2007 dollars are now near $2300 per ounce. So going north of $700 or even $850 today isn’t a big deal and is highly likely given gold’s fundamentals and the dollar’s troubles...." Notice the vast importance of the USD and at that time its weakness, and getting weaker, with interest rates falling. The opposite is the case today, and yet in order for gold to rally strongly, the dollar has to become more or less fully bought with only future weakness in sight, for gold to rally. I posit here that is is NOT the dollar which created the demand at gold $700, because silce 2001, interest rates averaged 4%, and also, the dollar had been strenghtening for some of those years. To me the key point in the 2007 story is this: " world demand for gold is higher than production of gold". Now whatever reasons for this, I sense that these conditions have themselves returned. And apart from at the moment in USD gold is indeed in demand in most countries. I believe many at the FED would like to put the brakes on dollar rises especially v the Yen, but they dont want to add more issues into the current " mix" that they have payed out by raising rates at a very bad time! A small portion of Americans are again however, bullish about gold. Marc Faber, talking two days ago, stated that the fact of falling crude price, is really based on a cotracting world economy, with LOWER LIQUIDITY, and contraction of markets. Lastly if anyone can see a parallel with late 2007 let me know, I'd like to see the weaker dollar, but that currency seems charmed to run its own show * 2001-2007 gold rose at a minimum of 15% per year regardless of rates or the USD: Gold rose over 600% from its decade low to its high over $1900). Since then gold has only lost 40% , but is still 400% higher than in 2000. H
21/12/2015
22:45
peterbarnes35: abc125. Greenspans continued printing constantly devalued the dollar. This was reflected in the gold price which for a few years continued to rise. The disparity between the rising gold price, and the falling value of the dollar and currencies in general, became obvious. So obvious that,the central banks reacted. They did this by using fiat or paper gold, which they could easily control and still do.Golds present physical price, is not a market price but a consequence of the paper price. Other than that, if you've not followed the economics of the gold price and the reason for it's present price, then iv'e no intention, of going into any further explanation, than ask trader Dan,lol. PS The gold price is about as real as the interest rate. Most of the rest is superstition. Ask trader Dan. Because iv'e no intention, of getting involved in superstition.
16/12/2015
20:07
hectorp: This is the first early review but comes from a gold interest firm. Kitco News) - Despite an expected new U.S. interest rate-hike cycle, which many expect to weigh on gold prices, the World Gold Council says they remain optimistic for the yellow metal in a tightening environment next year. “[O]ur research shows that higher interest rates are not necessarily bad for gold,” the organization said in its year-end gold market commentary Wednesday. The Federal Open Market Committee raised interest rates in the U.S. by 25 basis points Wednesday, as markets expected. Higher rates in the country are expected to boost the U.S. dollar, which would pressure gold prices. February comex gold futures rose on the news and were last quoted up $9.80 at $1,070.80 an ounce. “Whilst the US dollar price is one driver of gold demand it is not always the most relevant factor for most investors,” the firm said. According to the report, more than 90% of physical gold demand comes primarily from Asian economies – particularly China and India – and therefore should benefit from a stronger U.S. dollar. “In these economies local price matters most – and in 2015 the non-US dollar gold price has held up, even inching slightly higher,” the WGC said, adding that if there is a temporary downward impact on the gold price due to the U.S. rate hike, “this could well lead to increased demand in price sensitive markets such as India and China.”
25/10/2015
16:39
yikyak: We will no doubt look back upon the current era as the “crime of the century” for so many different reasons. Actually, current times represent the worst financial crimes of ALL TIME! The various crimes and how they are operated are too numerous to list and would probably fill a three volume set of books, let’s concentrate on just one. Central to everything is the U.S. issuing the global reserve currency by fiat knowing full well it truly means “non payment”. The absolute cornerstone to the dollar retaining confidence and thus value has been the suppression of the price of gold. Before getting to specifically what I’d like to point out, let’s look at a couple common sense points which beg questions. How is it China has been importing 2,400 tons of gold over the past two and a half years without any upward push to the gold price? This amount equals almost EXACTLY the TOTAL amount of gold mined annually around the world! How is it possible that ALL production has been purchased by China and yet the price goes down? The answer of course is quite simple unless you purposely close your eyes or disingenuously “apologizeR21;. The argument from the apologists is that “traders”; on COMEX and LBMA believe gold will go lower so they are sellers and this is where the downward pressure has come from. You as a reader already know that much of the “selling”; is done at midnight (or off hours) in the U.S. which is the lunch break in Asia, China specifically. The massive selling (as much as total global production in less than two trading days) has usually taken place during off hours when the volume is lightest and price moves the most, especially with any significant volume. The result has been gold now trades at or very near the cost of production and silver well below production costs. None of this is new, only a refresher. The reaction in the actual physical markets is backwardation, premiums over spot prices and actual shortages. Put simply, low price has brought out additional physical demand. To the point, the following is a snapshot of inventory movement (or the lack of) within the COMEX gold vaults this month: Initial standings Oct 21/2015 Gold Ounces Withdrawals from Dealers Inventory in oz nil Withdrawals from Customer Inventory in oz nil nil Deposits to the Dealer Inventory in oz nil Deposits to the Customer Inventory, in oz nil No of oz served (contracts) today 13 contracts 1300 oz No of oz to be served (notices) 650 contract (65,000 oz) Total monthly oz gold served (contracts) so far this month 364 contracts 36,400 oz Total accumulative withdrawals of gold from the Dealers inventory this month nil Total accumulative withdrawal of gold from the Customer inventory this month 184,991.8 oz Only 185,000 ounces have been withdrawn from the customer (eligible) accounts and ZERO from the dealer (registered) accounts. What is not shown is there have been ZERO dealer deposits and ONLY TWO customer deposits in all month. One of 32,150 ounces and another of just over 300 ounces for the entire month! It is clear the large entry was a “kilo” deposit of one ton even though COMEX deals, quotes and supposedly delivers in ounces. Why is this interesting you ask? Because at the beginning of the month there were over 10 tons worth of contracts standing for delivery with dealers only having just over 5 tons available to deliver. This figure has now dropped to about 3 tons standing …but the amount of registered gold for delivery is right where it was at the beginning of the month? How could this be if gold has been delivered? Is there a “secret stash” where gold is being delivered from or has “settlement221; occurred using cash? I have my own idea as to why no gold at all has entered the dealer’s vaults, it is a symptom of the disease. If gold was so plentiful we should have seen all sorts of movements of gold into dealer accounts to support deliveries, we have seen none, zero, NADA! Remember, October is an active delivery month which originally had over 10 tons standing for delivery versus 5+ tons available. If we go out to Dec., this contract has open interest representing some 11+ million ounces … while dealers claim only 182,000 to deliver! Yes, yes, the open interest ALWAYS collapses and delivery “always gets made”. But doesn’t it seem strange to you that a market with less than $200 million worth of inventory is the pricing to a $5 trillion monetary asset? In comparison, a single ranch in Texas just got sold for nearly 4 times the size of what COMEX claims they have available for delivery. It used to be the tail was wagging the dog. Now, COMEX inventory has been bled down so far it can be said just a few hairs on the tail is wagging the dog! Surely I will receive comments like “this will go on forever” or “don’t worry, nothing ever comes of these delivery months”. It should be pointed out, as it stands right now a single trade of 1,820 contracts represents the entire deliverable inventory and we have seen on multiple occasions where 3,000-6,000 contracts have been sold (in one trade) to collapse the price. I ask, how does COMEX keep this in the box when something very “REAL” happens? “Real” meaning a mere push of our financial system by China? Or a military shove by Russia? Or something as simple as a “truth bomb” being released on the American public? Can an inventory of less than $200 million fiat dollars make good and keep hidden the core crime to the crime of the century? Is this why China is moving toward a physical exchange? Once they “take it out …they will take it up”! Standing watch, Bill Holter
08/9/2015
14:56
flyingswan: GDP seams to be moving today after recent RNS. An interesting post by Sea7 on GDP Goldplat thread. I would how may more gold companies this type of analysis would work for: One of the metrics that I keep an eye on, is the net current asset value per share (NCAVPS), this is also known as the liquidation value. It does not include, things like property, plant and equipment. I am sure we all know, however, I arrived at the figures by the following:- Current assets minus total liabilities divided by the total number of shares in issue. History shows the following:- interims and finals.. To end Dec 14 - 2.39p per share - share price at the time 3.25p To end June 14 - 2.78p per share- share price at the time 3.75p To end Dec 13 - 2.84p per share - share price at the time 6.50p To end June 13 - 4.12p per share- share price at the time 7.50p To end Dec 12 - 4.33p per share - share price at the time 12.25p To end June 12 - 4.76p per share- share price at the time 13.00p To end Dec 11 - 4.20p per share - share price at the time 10.80p To end June 11 - 4.47p per share- share price at the time 12.00p We can see a fairly good correlation with the share price against the ncavps figure, In so much that when the ncavps figure drops, so does the share price. The NCAVPS figure of 4.76 corresponds with the highest share price at the time of 13p. (obviously we know the share price hit 16.49p as an all time high in sept/oct 2012, however, not at one of the reporting period dates.) After the fall in the gold price, the drop off in the NCAVPS was dramatic in the six months between june 13 and dec 13 (30% drop). The share price moved first with a similar decline in the six months between dec 12 and june 13. (39% drop) This ncavps figure has dropped by almost 50% in the last 3 1/2 years, whereas the share price has dropped by 73% in the same period to end dec 2014. For what seems like for ever, the company has been working hard to change this downward trend and as we have had some good news on this lately, this set of results should, despite the headline loss, show some improvement in the NCAVPS metric, which should be stronger when the interims are published in march and re-affirmed with an even stronger figure, when the finals are published in September 2016. The corner has been turned as gerard stated and we should see this in the numbers soon.
23/7/2015
04:06
ohisay: RBC on the sector. At $1,100/oz gold, most of the companies in our coverage universe are expected to continue to cut G&A, exploration, and sustaining capital spending. We could also see producers begin an accelerated closure process for their higher-cost, shorter-life mines by spending on reclamation rather than sustaining capital and mining out residual reserves over a 2- to 3- year period. Another alternative would be to place mines on care & maintenance, which would still require ongoing security/maintenance costs, although this would avoid burning cash for longer reserve life mines during a period of high sustaining capital spending associated with major waste stripping or underground development. However, at or near $1,000/oz gold, we would expect companies to announce that their high-cost mines are being placed on accelerated closure, even mines that previously had long reserve lives given the potential for significant cash burn. We believe that most of the gold and silver producers in our coverage universe would struggle in a $1,000 gold environment if they do not defer discretionary costs, cut capital, and close cash-burning mines. The companies that currently have the highest AISC costs include AngloGold, Centerra Gold,Detour Gold, IAMGOLD, Kinross, Newmont, Perseus, Pan American, Silver Standard,Teranga, and Timmins Gold. High-quality producers and royalty-streaming companies We believe the current gold price pullback presents an opportunity to buy gold mining equities with strong balance sheets that offer an attractive risk-reward. In our view, in a sub- $1,100 gold price environment, the most resilient North American listed gold producers with solid yet flexible business plans and strong balance sheets would be Acacia, Alamos,Centamin, Fresnillo, Goldcorp, Goldfields, Klondex, Newmont, Randgold, SEMAFO, and Tahoe (Exhibit 1). These companies have low net debt, a low capital spending to cash flow ratio, and low-cost mines. The gold companies with the most robust business models and in a sharply lower gold price environment are the royalty and streaming companies, including Franco-Nevada, Royal Gold, Silver Wheaton, and Osisko, which have little or no debt and minimal operating and capital exposure.
22/7/2015
13:17
irnbru2: Gold hit five-year lows on Monday. Just when you thought it couldn’t get much worse, it has. Today we consider the two big events of the past week and we ask: “What next?” Annihilation in New York, shenanigans in Shanghai In the early hours of Monday morning, with Europe sleeping, America still on its weekend and Japan on holiday, somebody sold 22 tonnes of gold. To put that number in some context, that’s just under 1% of annual global production. They didn’t sell it in Shanghai, or Hong Kong, or Australia, where the markets were busy. They sold it in New York on the COMEX. It was 9:29am in Perth, 2:29am in London, and still Sunday – 9:29pm – in New York. Markets at this time on Sunday evening are described as ‘thinly traded’, because nobody’s at work. Yet somebody decided to sell almost 1% of all the gold the entire world produces in a year. They sold it in just four seconds. There was an immediate reaction in Shanghai and a further five tonnes were sold. The first wave of selling took the price from $1,130 per ounce to $1,100. Then trading was halted for 20 seconds. There was a slight rebound, then another wave of selling took the price down to $1,070. It all happened in little more than 30 seconds. Over the course of the night, some 57 tonnes were sold in Shanghai and New York. On Monday the price recovered a little, back to about $1,100. But the miners fell by around 10% in a single day. Barrick, the world’s largest producer, fell 15%, and Newmont fell 12%. For three weeks out of the last four, gold has been hit hard in Sunday night/Monday morning trading. While the Greek panic was on, gold opened higher, only for it to be walloped. This time, gold got whacked when it was already down. At first glance it seems someone with deep pockets wants the price down. It might be a government or central bank conspiracy, as some suggest. It might (as I find more probable) be speculative funds of some kind shorting gold – trying to get stops hit when markets are quiet. It might, simply, be the consequence of margin calls in China – its plummeting stockmarket forcing the sale of all assets, much as we experienced in 2008. The big kahuna that turned out to be a damp squib. This action followed the big news out of China last week – the announcement of China’s official reserves. These were last announced in 2009 – 1,054 tonnes – making it the world’s seventh largest gold owner. Last week China declared 1,658 tonnes. Since 2009 China has produced more than 2,300 tonnes – averaging over 400 tonnes a year in (mostly) state-owned mines – to become the world’s largest producer. It has imported 3,414 tonnes from Hong Kong. And just under 9,000 tonnes (of which the Hong Kong gold makes up about a third) of physical gold have been withdrawn from the Shanghai Gold Exchange (SGE). In other words, over 10,000 tonnes of gold have made their way to China. And it has barely exported an ounce. Its government has even actively encouraged its citizens to own gold, and demand now stands at well in excess of 1,000 tonnes a year (that number may fall this year after the losses on the stockmarket). Annual global production, to put that all in context, is 2,600 tonnes. The hope among gold aficionados was that China’s next announcement about its gold would be considerably larger than the 1,658 tonnes it announced last week. If it had announced 2,500 tonnes, that would have made it the world’s third-largest holder after the US and Germany. A (what seemed) entirely possible 3,400 tonnes would have put it ahead of Germany in second. Some were even hoping that the number would come in above America’s 8,133 tonnes. Naive though that may seem, given the numbers above, it is not beyond all possibility. But China’s gold – at 1,658 tonnes – accounts for little more than 1.5% of its foreign exchange reserves; America’s counts for 74%, and Germany’s 68%. Even if China’s gold were to account for just 5% of its reserves, with over 5,000 tonnes, it would be sending a very strong message to the world – not just that China is rich, that it means business and that it’s a challenge to US economic might. But, more importantly for gold bugs, that message would suddenly legitimise gold as a strategic, monetary asset – the very thing they crave. The power of such a message on the gold price would have been breath taking. But the message never came. The disappointment is considerable. Of course, it’s highly possible, if not probable, that China has more gold than it says it does. It might not be declaring all the gold held by all state departments. It might be that it wants to downplay its holdings in order to drive the price down so it can accumulate more on the cheap. It might not yet be ready to throw down such gauntlets to the US. Or it might be that China is telling the truth and official holdings are as reported. It doesn’t matter. It’s made its announcement and probably won’t make another for another five years. The trump card that was going to turn this bear market around has been played, that particular narrative is another that has gone the way of the pear, and it leaves even less for gold bugs to cling on to. The bear market goes on. Gold needs another story to reverse it. Here comes $1,050 an ounce... My long-stated prediction is for gold to hit $1,050, and it now looks like we’re going to see that. If we get there, the next question to ask will be, “Will it hold?” If it doesn’t, $850 comes back into play. But there is a lot of support at $1,050. It was a wall of resistance for several years on the way up. Hopefully, it will prove to be support now. On the positive side, sentiment is overwhelmingly bearish. June to August is the worst period for gold – and usually when you see the lows for the year. Physical buying is still robust. The Indian wedding season (when the most physical buying occurs) is not far away. And the low price is going to put yet more mines out of business, which should shrink production. Perhaps it’s time for a contrarian bet.
19/1/2015
09:14
altin para: Analysts Expect Gold To Remain Strong Ahead Of ECB Volatility By Neils Christensen of Kitco News Friday January 16, 2015 3:31 PM (Kitco News) - Safe-haven demand helped gold prices end the week at its highest level since early September and according to most analysts, ongoing volatility should continue to support gold in the upcoming shortened trading week. Open floor trading of Comex February gold futures settled Friday at $1,276.90 an ounce, up $53.90 or 4.41% since Monday. The strong move in gold also helped to drive up silver prices as Comex March silver futures settled the week at $17.750 an ounce, up $1.255 or 7.61% since the start of the week. Although U.S. markets are closed Monday in celebration of the Martin Luther King Jr. holiday, volatility will likely pick up Tuesday where it left; analysts anticipate that markets will continue to recover from the aftermath of the Swiss National Bank’s sudden decision to discontinue the currency peg against the euro, analysts said. Traders and investors are also look forvolatility to remain high as speculation surrounding Thursday’s European Central Bank monetary policy meeting continues to grow. “The rollercoaster ride is far from over… as upcoming ECB QE will refocus the spotlight on the monetary policy divergence themes, likely continuing to place stress on US markets as global investors reposition,” said Gennadiy Goldberg, U.S. strategist at TD Securities. According to some analysts, markets have priced in a 75% chance that ECB President Mario Draghi will announce an expanded quantitative easing that include the purchase of sovereign bonds. Bill Baruch, senior commodity broker at iiTrader, said the key will be in the details of the program, which he added will probably disappoint the market’s high expectations. “I think the risk is that the ECB under-delivers. It is going to add uncertainty to the marketplace, and gold is going to look attractive,” he said. Although Baruch didn’t give a time-frame, he said that with gold’s current momentum, he expects to see prices test the next key psychological area of $1,300 an ounce. “The path of least resistance for gold is higher,” he said. Related Stories: 'Carnage' In Financial Markets Boosts Gold As Safe-Haven Asset HSBC Gold Outlook: Bearish Factors May Not Be So Bearish In 2015 LBMA's 2014 Gold Price Forecast Winner Shares 2015 Predictions For Metals Axel Merk, president and chief investment officer of Merk Investments, said that nobody really knows what Draghi is going to do and that uncertainty is going to help gold in the near-term. He added gold should still perform well after Thursday’s meeting because markets will then focus on the Federal Reserve’s monetary policy scheduled the following week on Jan. 28. “The Fed has been fairly quiet with their optimism. Everyone thinks they are going to move forward with a rate hike but I’m not so sure,” he said. “Real interest rates are negative right now and gold will do well in this environment. I am happy with my gold positions.” Ken Morrison, editor of online newsletter Morrison on the Markets, said that he is not convinced that gold will be able to maintain its momentum. He added that the gold price has hit and taken out his near-term target of $1,250 an ounce and that he would expect to see some profit taking next week. “If I were long gold at these levels, I would be looking at taking some of my profits off the table,” he said. One of the reasons why gold has rallied is because of the anticipation of looser monetary policies in Europe; however, with the decision already priced in, he would expect to see a sell-off on the actual event, Morrison added. Turning to American markets, U.S. data reports are relatively light until mid-week, with the release of housing data; the week ends with an early view of the manufacturing sector, which thanks to recent regional reports, is fairly mixed. Looking at housing starts, which will be released Wednesday, economists at Nomura said that they are on pace to beat 2013 numbers but construction is still down by historical comparison. They add “there is still a long way to go in the housing market recovery.” Also on the radar next week is the 45th World Economic Forum Annual Meeting in Davos, Switzerland where the international political, economic and business leaders meet to discuss the challenges facing the world. The meeting will be held from January 21 to January 24.
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:31 V: D:20160524 09:49:49