Randgold Resources Share Discussion Threads

[dstorey1] 14/11/2016 14:55

The Feb being a private concern has it's share-holders who just happen to be major Wall Street/City of London players and thus a system exists that is engineered towards enriching the few at the expense of the many i.e. economy. Same applies to BoE.

Looking to add here plus purchasing physical gold investments. 2017 will be a very interesting year.

[careful] 14/11/2016 14:48

Yellen has been made obsolete.
All of that dithering for year because she is scared of the markets.
Trump comes in, lower taxes increased spending suggested.
The markets crashed then recovered.
who cares about a bit of inflation he says.
lets go for growth.

[dstorey1] 14/11/2016 14:38

Wall Street is heading for one hell of a correction.

[dstorey1] 14/11/2016 11:48

Yellen speaks this coming Thursday and as usual her speech will be scrutinised for any hints regards future rate direction. My call is no Dec rate hike with post US election uncertainties being the principle reasoning.

Edit. Watch US equities sink and PMs rise.

[careful] 14/11/2016 11:04

bght a few more this morning.
down from £98, someone must be suffering.

[noirua] 14/11/2016 08:50

Added more stock at £57.90. Gold price is tumbling with increased strength in the US$.
Impact is due to panic and short positions to cover. US$ up 0.74% today at time of posting.

[bonio10000] 12/11/2016 12:01

and when it falls and they can't deliver?

Gold will rocket.

[careful] 12/11/2016 11:57

Shares in RRS are ok, the business model is simple.
they own gold reserves, mine them,then sell them.

But ETF's I worry about.
They claim to track the price of gold and own the physical metal, or shares or oil or whatever.
But do they?
I do not trust them, wonder if there is a large Ponzi element to them.

So many trillions tied up in them.
See how billions was written of the price of gold by merely paper transactions on Friday.
There is no chance that huge lorries were shifting tons of the stuff from a to b.
Something fishy here...Bernie Madoff and all of that.

[goldenshare888] 12/11/2016 11:19

until they do! LOL

Pencil in DEC 16 / JAN 17 onwards.......

GOLD & SILVER to make new highs 2017 onwards.......

[careful] 12/11/2016 10:37

Inflation predicted to rise yet gold is crashing.
Possibility of World instability yet gold is crashing.

The old rules do not apply anymore.

[dstorey1] 11/11/2016 17:12

Given DT asserted during election campaign that Fed held rates for political reasons it would not surprise me if the anticipated increase next month did not materialise.

Edit: hxxp://uk.businessinsider.com/donald-trump-gold-2016-11

[bonio10000] 11/11/2016 16:31

Rising interest rates into a f'cked world economy and the destruction of emerging markets and the bond market?

Sounds bullish for stocks and negative for safe havens to me.

What could go wrong?

[careful] 11/11/2016 16:15

just bght in here.
could not resist.
trump is as mad as a box of frogs.
gold will return.

[dstorey1] 11/11/2016 16:02

When (if?) things turn nasty Gold will resume it's major rationale as the safe haven of choice. Present price movements are mere choreography, or manipulation as mentioned above. Interesting times a head.

[bonio10000] 11/11/2016 15:39

$10bn in gold dumped on the paper market led to the price drop.

Manipulation.

Remember - everything in the world economy is rosy.

What could go wrong?

[keylifeskills1] 11/11/2016 15:35

Trading the range on Randgold is certainly a roller-coaster ride with frequent white knuckle moments. That's what makes it a great niche yo yo share but even when volumes have been much higher, only a small percentage of private investors (usually less than 4%)trade Randgold shares directly. Essentially, it's a well run company with excellent growth potential that's adept at managing regional, governmental & political tensions with a diversification downside.
Watching share price closely for now because as we know, circumstances can & do impact upon the price direction of gold significantly. So for now, waiting for markets to digest recent events & feel short term or even day trading is too risky at the moment.

[bigboots] 11/11/2016 15:28

Agree dstorey1

think there is a real disconnect at the moment hoping on Trump to raise spending on infastructure, stoke inflation and rates rise

We know Trump is pro business and will not raise rates

Think we will see inflation which will be good for GOLD and $$ negative

[dstorey1] 11/11/2016 14:37

I have a feeling Dow is entering a serious disconnect with fundamentals and risks a major correction. Slightly off topic but would have a major impact on Gold going forward.

[noirua] 11/11/2016 13:36

Purchased quite a lot of Randgold at £60.09. Look to be at or near the bottom with gold hopefully also at floor level.

[shavian] 11/11/2016 12:16

Glad I held off on my top-up at 70p - what's the next support level? £55? There's now a gap down to be filled at £63-ish so get ready for the bounce. However I try never to succumb to buying temptation on a Friday!

[robrah] 11/11/2016 10:54

Wow This is more like an AIM stock 15% down in 2 days

[gilesgraves] 11/11/2016 10:32

Temmujn: did you keep to your short through the election? If so, huge congratulations as we near 6000. I am absolutely staggered to see Randgold this low.

[izztre] 11/11/2016 10:30

Thanks Both and agree re holding on and it will definitely go back up. You just need nerves of steel to hang in there

[dstorey1] 11/11/2016 10:26

A strengthening dollar post DT victory resulting in an outflow from price sensitive precious metals. As is usual Market reaction excessive. Going forward beyond Dec FOMC rate decision and a likely US inflationary environment coupled with squeezed supply gold could be attractive. Struggling to justify present US equity valuations and would not be surprised to see gold in demand near term as a safe haven play. Just my thoughts.
Holding with view to adding.