Randgold Resources Share Discussion Threads

[wrestlingmad] 24/11/2016 08:44

I've just bought a modest few thousand of these beauties.

[professor pettigrew] 24/11/2016 08:19

diewis1 - am doing exactly the same, and couldn't have put that better myself.

[professor pettigrew] 24/11/2016 08:18

arja - you could have said that about Anglo American last year. It fell to a low of 212p - now 1250p.

markth126 - Comex is manipulated and rigged, and the gold price is suppressed. Were you not aware? How can you have daily volume of 30-40 times the amount of gold there is in the world and call it a real market? Paper ones are just that, and as worthy as paper currencies. It's toilet paper at the end of the day.

When the physical markets kick in in China and the Middle East next month you will see a strong recovery in the gold price.

In any case, RRS have a base of $1,000 per oz and a falling extraction cost.

They are the most geared of the largest miners to the gold price which is why they are so volatile. Just watch the recovery here when gold starts to move up.

[dlewis1] 24/11/2016 08:17

I'm starting to get the feeling that the share price may fall back to 4,800. The fall is overdone but one thing I know is they can't drive it down forever. I will continue to accumulate. While others are selling I will be buying and when they are buying I will be selling. This share is on sale and I love a good sale.

[markth126] 24/11/2016 08:09

Why would you say gold is rigged down?

[chinese investor] 24/11/2016 08:08

Good Morning

[professor pettigrew] 24/11/2016 08:06

Unless it's one of the biggest gold miners in the world, and the gold price is rigged to the downside.

[arja] 24/11/2016 07:38

not usually smart to catch a falling knife .

[amelia airhead] 23/11/2016 19:53

I can see the price of gold dropping.

[professor pettigrew] 23/11/2016 16:19

Randgold is the most geared stock to the gold price, so if you believe gold will hit $1500 by next summer, then the target price here is £100.

[lauders] 23/11/2016 15:37

Not a holder but this should be of interest here:

Perhaps the most surprising price movement since the US election has been that of gold. Following a spike to $1,321 per ounce on election night, the precious metal has fallen back to around $1,220 per ounce.

That’s surprising because Donald Trump’s election win brings a high degree of uncertainty. He plans to implement major economic, social and political change which could cause investors to become increasingly uncertain over the medium term. Further, Trump’s policies are likely to push inflation higher in the coming months and years. His low tax/high spend model may boost US GDP, but a rapidly increasing price level may be a consequence.

Due to the potential for higher inflation and greater uncertainty in 2017, I believe that the gold price will rise significantly. One stock which could directly benefit from this upward move is Randgold Resources (LON:RRS).

[chinese investor] 23/11/2016 15:10

perch3,
I recently heard from a well respected stockbroker with over 50 years experience in the city that $1,300 was the floor...
...I'm beginning to think I was misinformed !

[chinese investor] 23/11/2016 14:50

This comes as a bit of a surprise !
Have you seen the price of gold ?

[dstorey1] 23/11/2016 14:20

A very simplistic rule of thumb is gold up, gold miners up. Prices being driven via paper trades but eventually gold will revert to supply/demand dynamics of the physical entity. I'm not a "prepper" but holding gold and related investment as a fall-back strategy.

[markth126] 23/11/2016 14:11

What do people see as a fair price for this. It is just purely a gold play, gold up , rrs up. I hold this as a hedge against other stocks in the market but it moves wildly. Just hoping it will one day get back to around 7500 but that must be when gold goes back to 1300 not any time soon

[dstorey1] 23/11/2016 14:02

Happy to hold, happy to add and happy to invest in physical gold. All round happy because when things turn and they will happy will be a major understatement:)

[terry barnett] 23/11/2016 13:58

well,well,well. Here we go again. You cannot tell me that there is no manipulation going on here!

[dlewis1] 23/11/2016 13:37

The daily nose dive in the share price after lunch continues

[christy41] 23/11/2016 12:18

From Mad Money..

[liberace pickles] 23/11/2016 08:12

Good post PP.