Randgold Resources Share Discussion Threads

[professor pettigrew] 18/11/2016 08:51

Gold always holds its own in the long-term. Central bankers have blown paper currencies to bits, and will continue to do so.

Draghi has just stated that the ECB will continue with very accommodative policies until inflation is "embedded above 2% for a sustained period".

They always go over the top as we all know. The Chinese will be mopping up as much physical gold as they can at these levels, so a superb opportunity to buy one of the truly magnificent gold stocks.

Today's bullish RNS completely overshadowed by the unwarranted drop in bullion in any case.

Just wait until Trump starts the ball rolling. Gold will soar over $3000 in the next few years.

[bonio10000] 18/11/2016 08:44

Oh - and throw in the Dec 3 Italian vote.

This madness will pass.

[evianone] 18/11/2016 08:43

Was annoyed with yesterdays rise as I had sold out day before, glad by today I have traded this for months and it looks like support at £50 for my next toe in with more at £40 if that goes. Gold under pressure need some world bad news for it to go up :(

[bonio10000] 18/11/2016 08:43

Okay then.

So we have a 15 year USD index high.

So that crushes US exports and the increasing bond yields will do for the housing market, ability to fund fiscal stimulus etc.

Looks bullish for the USD in the medium term.

Buy gold.

[christh] 18/11/2016 08:39

BlackRock have increased their stake to 15% from 10%

Total holding for BlackRock Investment Management Inc.(UK) crossed or reached: (vi,
vii) Limited has gone above 10%
Total holding for BlackRock, remains above 15%

see here

[dlewis1] 18/11/2016 08:36

Who knows where this is going to drop to? I didn't even think it was going to drop to 6,000 now look at where it is. Only time will tell where this ends up.

[foxy22] 18/11/2016 08:35

I hope not

[gordo58] 18/11/2016 08:32

This isn't going to drop to 4000 again is it ??

[perch3] 18/11/2016 08:31

Positive RNS this morning just overshadowed by gold price

[christh] 18/11/2016 08:31

dlewis1 18 Nov '16 - 08:11 - 5999 of 6000
Evianone your feeling was correct. Loss is more than yesterday's gain. Let's see if it recovers.

It was not a feeling!
Its simple analogy, the US$ is up then Gold is down.
If the $ is down then Gold is up!

Last night the US$ was strong so it was expected for gold stocks to fall.
Look at Fresnillo id down too this morning.
The whole sector is down.

Same goes for oil.
If oil prices are up the US$ is down and so with the commodities.

Also is a constant war between currencies mostly Euro and the US$

A very good opportunity to Buy gold stocks for the long term, much safer than
currencies and inflation beater, more versatile and always in demand.

[foxy22] 18/11/2016 08:28

What a drop.....do you think this is a sustained period of dollar strength and gold weakness...how low do you think this could go

[blueball] 18/11/2016 08:13

Next stop £55.

[dlewis1] 18/11/2016 08:11

Evianone your feeling was correct. Loss is more than yesterday's gain. Let's see if it recovers.

[evianone] 17/11/2016 19:03

me too but have a feeling this will be down heavily in the morning :-(

[dlewis1] 17/11/2016 15:48

Seems like the tide is turning here. Hoping it continues in the coming days

[dstorey1] 15/11/2016 13:24

Simple hedge based on gold/$ dynamics.

[evianone] 15/11/2016 12:56

thanks for clearing that up!

[dstorey1] 15/11/2016 12:33

Looks as though they have sold a small proportion of their actual holding but with an option to acquire more if certain conditions/circumstances prevail.

[librag] 15/11/2016 12:25

evianone; not sure. Number of shares have reduced but qualifying financial instrument has increased. The total of voting rights has increased, to >5%.
Can some clever person explain what's happened, please?

[goldenshare888] 15/11/2016 12:21

They have reduced their holding.

[evianone] 15/11/2016 08:38

Good start to the morning, RNS saying Fidelity has increased its holding if I'm reading it correctly. It was due a bounce.

[noirua] 14/11/2016 15:16

The US$ has risen 0.99% today. Equivalent to a fall in the gold price of $12.20 - Gold down $15.70 at 15.15hrs.