Randgold Resources Share Discussion Threads

[professor pettigrew] 18/11/2016 18:41

Many thanks the macallan. That's my plan here, I've purchased around 900 shares this week from £59.75 down to £56.65 this morning.

Every time gold (and RRS) pulls back, I'll just buy a few more. Even picking up 10 or so shares every time for £500 or so will add to the pot.

Good luck to all holders.

[the macallan] 18/11/2016 18:23

I like your style Pettigrew. And I agree.

[professor pettigrew] 18/11/2016 18:06

Put it this way.

If you believe the gold story (and if you don't, what are you doing here?), then it really doesn't matter if RRS slip to £50, £45 or £40.

You can accumulate a quality world class stock every time it dips, knowing full well that one day in the not too distant future, the gold price will soar given what's going on in the world, both fiscally and politically.

When these are trading well in excess of £100 per share, you'll be glad you did.

Patience and continual accumulation are the key.

[blueball] 18/11/2016 16:43

According to Zac Mir gold has another $100 further to fall back to £50 then.

[dstorey1] 18/11/2016 15:09

Fair size gap opening up between market sell/buys. Wonder if they will drop price towards close in order to fill the difference?

5600 needs to hold.

[dstorey1] 18/11/2016 15:01

Looks as though we could be in for a price drop towards close regardless of DX/gold.

[bonio10000] 18/11/2016 13:08

ECB bullish on Inflation then - lol.

"Despite the uplift to prices provided by the gradual closing of the output gap, a sustained adjustment in the path of inflation still relies on the continuation of the current, unprecedented financing conditions," he said.

One benefit of Brexit is that they are importing a load of deflation from cheaper UK product.

Get printing Mario.

[dlewis1] 18/11/2016 13:03

Recovery appears to be on the horizon once again. Could actually end blue.

[dstorey1] 18/11/2016 12:02

Didn't JFK sign an Executive Order that would have undermined the Feb not long before coming down with a severe head cold…

DX Index has a Shooting Star formed on daily chart, maybe a top for now?

[bonio10000] 18/11/2016 11:58

A copy of "End the Fed" by Ron Paul has just arrived.

[dstorey1] 18/11/2016 11:57

Fed independence!? The irony.

[professor pettigrew] 18/11/2016 11:41

My forecast is that Trump will unleash a massive spending spree, resulting in money printing galore. Also Yellen will get the boot, and the Fed will lose it's independence.

This will send shockwaves through the financial system and hard assets such as gold will soar in value.

£57 here will seem a distant memory by 2020.

[bonio10000] 18/11/2016 10:38

6024 of 6025

none of those scenarios are under the debt burdens today.

$21trn for the USA.

[foxy22] 18/11/2016 10:23

Prof pettigrew we wont be around in 6018!!!!

[noirua] 18/11/2016 10:20

We will all remember how the US$ was in decline for many years and it was not long ago that it reversed the trend. These trends tend to last many years and no doubt it will continue on and on: Even when everyone is shouting it's gone too high. Then it will still continue on up until a reversal suddenly arrives.

Every so often the dollar will dip and then recover again as everyone thinks the reversal has arrived.

The Euro was also in a bullish trend for many years and came close to par with £ sterling. We will remember Northern Ireland offering par with the Euro once.

Interest rates remain low. I remember Bank Rate at 17% once. Only for a few hours. My mortgage rate was 15.25% at its peak.
Interest rates should have been about 2.5% to 4% for the last 5 years and not 0.5%. So a move to 5% looks a possibility in the next two years.

[dstorey1] 18/11/2016 10:12

If gold miners remain under pressure we should not discount the possibility of possible takeovers given China's affinity for African mineral acquisitions.

[blueball] 18/11/2016 09:53

I am waiting a bit longer before buying.

[professor pettigrew] 18/11/2016 09:43

Couldn't agree more with post 6018.

[dstorey1] 18/11/2016 09:07

Don't confuse potential market correction with The Walking Dead:) Looking to hold a quantity of the yellow stuff as a counter-balance.

[christh] 18/11/2016 09:05

Trump will be printing more Dollars for payments in all commercial/military activities, maybe the Mexican wall and briberies to ensure that he is elected on 2nd term unless there is a major scandal and he ends up in prison.

There will be massive devaluation of the US$ and gold will be at $4000 per ounce.

This is my projection in macroeconomics future of the US economy.

[bonio10000] 18/11/2016 09:03

The only issue I have with physical over miners is that if things are that bad that you are paying in silver and gold.

I'm not sure physical is going to save you (unless you in the US in the middle of nowhere with a farm and guns).

[dstorey1] 18/11/2016 09:00

Market reaction as per OTT, will add. In process of converting proportion of my cash into physical gold. Interesting times a head!!

[bonio10000] 18/11/2016 08:56

To be fair - if the printing presses go to turbo it is still probably good for stocks.

but for gold as well.

As I see it, the US and the rest of the west is in a massive corner.

They will need to print to inflate out of it at some point.

The US could have 4% on the 30 year by 31 December.

5% mortgage rates and the payments on that $21trn will leave them no option but to print/QE.

[evianone] 18/11/2016 08:52

Don't think Italy will be a surprise by now!! nobody interested in safety by the looks of it, its a mad mad world