Randgold Resources Share Discussion Threads

[liberace pickles] 22/11/2016 17:16

When you respond Petty Mc Pettyface please be entertaining - on the lines of 5 years ago.
Ta muchly.

[bonio10000] 22/11/2016 16:13

Only on the back of pre-election US housing starts.

Let's see next month once the 1% increase in mortgage rates has gone through.

[wisteria2] 22/11/2016 15:38

Good call Terry!!!

[chinese investor] 22/11/2016 15:32

This comes as a disappointment I must say !

[terry barnett] 22/11/2016 15:30

Well what a surprise!

[terry barnett] 22/11/2016 13:23

US ready to open. Lets see Gold nosedive again!

[bedruthan] 21/11/2016 21:25

Interesting section on gold standard likely to increase demand for gold:-

hxxp://www.chamberofmerchants.com.au/gold-dollar-big-picture-weekend-report-19th-20th-november-2016/

[badtime] 21/11/2016 20:29

HP thanks for your post on 19/11...some sense to balance out the numpty

[professor pettigrew] 21/11/2016 17:29

Any serious investor here should sign up to get the GATA e-mails.

Completely blows the lid on gold market manipulation and corruption.

But, eventually it will come back to bite them on the backside.

Don't eventually rule out the possibility of gold being monitised as fiat currencies continue to be debased.

And £60 was pierced today.

[bonio10000] 21/11/2016 16:52

Read that Ron Paul book on the way over from London to NY.

FED manipulation would seem to be the answer.

Gold in India over $2000/oz and paper gold $1200.

Okay !

[terry barnett] 21/11/2016 16:45

Very strange how the price of Gold goes up in the Far East and London and then gets hammered down when the US opens!!

[professor pettigrew] 21/11/2016 01:32

Given the last RNS re Newcrest, at the very least RRS should be trading around the £65 level.

[professor pettigrew] 21/11/2016 01:10

The game is up.

Obama has shown himself to be one of the "Liberal Elite". The people have sussed him and his disastrous economic policies. They have voted him out.

Trump will prevail, at least for four years. The only way he can revive the economy is to prime the pumps massively. I personally think that Yellen is toast, and the Fed will lose their "independence".

We, back in the UK, are triggering Brexit. More turmoil for the EU.

Marine Le Pen has a more than 50/50 chance of taking the presidency. Could be the end game for the EU, and all that involves.

All of the above so good for gold as to be true.

As I've suggested earlier, even a hint from Trump of a gold standard to peg the dollar to (after all, the amount of testosterone that guy emits, he surely wants his currency to be hard as well), would send the gold price into orbit.

Seriously, look at the gearing. At $1,000 per oz, RRS break even. At the current $1200 the profit margin is eye-watering.

Imagine what $1300 upwards will do.

A world-class stock at depressed levels. £100 on the cards within the next six months in my view.

[professor pettigrew] 21/11/2016 01:03

Lauders, yes I bow to your comments here. RRS are at a 36 week low, not quite a year's one, as we hit £38.50 last year.

Massive potential here though, gold looking stupid at $1200 with Trump's massive inflationary policies to come.

Also, note what Hammond says on Wednesday. We too, are on an expansionary and inflationary trail in the UK.

And note that Marine Le Pen is leading in the polls over in France. Brexit, Trump and the National Front in France all point to continuing and increasing turmoil on the political front. All excellent for gold. Don't forget that RRS are in profit for every ounce over $1000. At $1200 the gearing is enormous. But $1200 is ridiculously low.

Imagine the potential at $1350 upwards.

[lauders] 21/11/2016 00:53

Interested in following RRS as good to watch the whole sector. While they are down I don't think they are quite at the 52-week low though PP? Need to go down to £40 level surely to reach the "milestone"? I wish you luck here but I am still focused on HOC where we have approx 50/50 gold/silver.

[professor pettigrew] 21/11/2016 00:44

I have to laugh how "investors" and "experts" rate the US$ as the "God" of world reserve currencies.

The Fed can print as many of them as they wish. After all, at the end of the day, it's just toilet paper, the same as any other fiat currency.

Hard assets, such as gold, will eventually win the day. If Trump even hints at a return to a gold standard, then gold will immediately revalue to around $3-5,000 per ounce.

Randgold's figures show a 20% net return at gold $1,000 per ounce, so even at the falsely suppressed level of $1200 the profit potential is immense.

And to think these are at a 52-week low.

[professor pettigrew] 21/11/2016 00:40

Gold now building nice and solid support around the $1200 level early this morning.

Taking no notice of the post above, RRS look set to test the £60 level sometime today.

Slowly does it. Continual accumulation of this stock going forward will reap massive rewards.

[blueball] 19/11/2016 13:32

Stay clear for the next couple of months it could get nasty out there.

[hpcg] 19/11/2016 11:37

reason for the spread is it is a good trading share. I think I am repeating myself on this thread but it tends to react slowly to drops in the gold price, because their ain't no bull like a gold bull. This means it hurtles down making up for lost time when it finally moves. Then there is always a period of value buying. Of course it moves up fast too. This makes for a lot of liquidity.

Agree 1180 is important for gold, but it looks like we'll have a series of US rate rises coming along soon - more or less what Janet told congress.

[amelia airhead] 18/11/2016 19:53

Please seek help dad.

[professor pettigrew] 18/11/2016 19:30

As long as spot gold stays above $1180 then the bull market is intact.

I believe it will, and see $1500 by next June.

If you extrapolate the gearing of RRS to the gold price, that would indicate a share price of around £100 within the next 8 months.