Randgold Resources Share Discussion Threads

[keylifeskills1] 03/6/2016 16:27

Glad things worked out for you evianone. Lovely rise today. Decided on balance to sell my remaining shares this afternoon during twitching hour. Would have preferred to sell in smaller amounts but it took 7 attempts just to sell the first batch. Phone line to broker was continually busy so, didn't have that option until later on. Share price could well go higher but happy to bank profits now & if need be buy back in next week.

[evianone] 03/6/2016 14:39

Hi Richie, Thanks will hold for now as chart looks strong and a gap can be seen at 64 to 65, plus I cant see America selling gold today

[richie32] 03/6/2016 14:13

evianone, the longer jobs lagging index is not too good as you say. The purchasing mgrs indices a few days ago were not good either. I'm inclined to stay put for fear of being left behind...at least for now

[evianone] 03/6/2016 13:47

not so good pay roll from America, cant see interest going up, gold breaking out glad I held thanks to the dentist!! Now do I hold, greed or fear that it goes back down?

[abc125] 01/6/2016 20:26

Hard to say evianone. Price seems to have formed a bottom of sorts at 5650p and is trying to rally without much success thus far. We could meander around in the 5700-6000p range for a few days. My bet is it would resolve downwards.

If gold did bottom last December the next leg of the gold/miners rally should start by August at the latest. However each share will bottom at different times. In the next leg I think the juniors could take the lead.

[evianone] 01/6/2016 18:21

Should have done he same but had a dentist appointment, could cost me a lot more than the filling!!

[keylifeskills1] 01/6/2016 16:46

Decided to take profits this afternoon from shares bought last week. Sold two batches at 59.70 & 59.82. Last Fridays dividend of 44.33 per share was a welcome boost. Although not great given Randgolds high share price, it's up 10% on previous year. Overall, find it's swings & roundabouts profit wise as not having to pay stamp duty more than makes up for this via short term trading.

[evianone] 01/6/2016 13:00

adc125, I'm back in since early morning, could be a short trade your ab-cd chart helped, what does the gold bug index say? thanks

[evianone] 01/6/2016 10:23

Expensive bird your Sheila, glad she's not with me lol so many trading opportunities she has cost you on this share.

[sanks] 31/5/2016 19:24

Me and my bird Sheila have an exit target at £54...hope this helps

[hpcg] 27/5/2016 13:31

I have absolutely no idea where gold and gold miners go next, so I'm not in the market. Gold is near the bottom of its trading box so I'm not going to guess whether it breaks through the bottom or heads back to the top. Like everyone else I'm waiting for Janet to tell me what to do!

[evianone] 27/5/2016 11:40

thanks for your comments, I'm beginning to think I've been bloody lucky not getting caught out on this share, I've traded it over the last 2 months going on support levels, gold price and gut feeling, that big drop I sold 2 days before as I had a good return, luck more than anything and not been greedy holding for more. As I've said I will trade again with caution! and stop loss.

[richie32] 27/5/2016 10:45

I guess it depends on where your horizon is. RRS is pretty good for savvy day traders (not me) but for the longer term my gut feel is pog will go up as fiat currencies unravel, so I ride the waves

I guess the other wild card is the political stability in the mine areas

[abc125] 27/5/2016 09:20

Follow your gut. Don't let me put you off buying. I suppose I'm a natural bear however a very strong case can be made that Rrs has seen its lows last year. No one can catch the exact bottom. Maybe consider scaling in.

[abc125] 26/5/2016 23:09

To gauge where Rrs could bottom out we can look at historical precedence also. After the first initial up leg in the two previous bull markets of 2001 and 2009, Rrs corrected 30% from the highs on both occasions over 4 weeks. A similar 30% correction now would take Rrs into the 4800's.

[abc125] 26/5/2016 22:40

Here's a Hui chart from the 2001 gold bull market. At this stage back then the hui corrected 25%; currently the hui has gone down 17% so if this analogue plays out we have a bit further to go.

[abc125] 26/5/2016 20:46

Waiting is good. Let the market come to you. Easier said than done though. My advice would be look at the hourly chart as it forms throughout the day to get a sense of where the price may be heading. For instance, the bounce back from the 5650p low yesterday has been feeble. This tells me that the mood is shifting from bullish to bearish (however this could change on a dime).

If we have a full blown correction the HUI could drop 35% to 150 from its 236 highs. A 35% drop for RRS could take it into the 4500's. Food for thought.

[evianone] 26/5/2016 13:50

I'm waiting for gold to go to 1,200 if it hits that support, RRS at 53ish This will also depend on the dollar and interest rate. A reasonable trade can be done IMO with a tight stop loss, reward risk looks acceptable. Any views

[hpcg] 26/5/2016 07:58

I closed just after I wrote my last comment. Markets are all over the place, strong reversal candle.

[hpcg] 25/5/2016 16:05

Dollar has dropped so you might have it spot on. RRS buyers don't need much to tempt them back so any sign of gold holding 2020 may be enough.

[richie32] 25/5/2016 15:39

Hey, I never get the timing right. I don't mind riding the waves waiting for the big lift.

I notice the shorter term and lagging indicators in the U.S. are OK but the longer term purchasers indices are not so good, like Markit today