Randgold Resources Share Discussion Threads

[hpcg] 05/12/2016 10:37

Now looking like gold will at a minimum retest the 1050 USD area. There is negligible support between here and there - possibly the 1105-1107 area? So this is heading back to 4000*, maybe worse as the operational news has been poor in the last 12 months. That is only circa 25% down from here so hardly an epic drop. I'm sure all of you easing money in will keep doing that - every seller has a buyer by definition.

Possibly some Elliot Wave followers would have gold to go lower. I don't really follow that discipline though I acknowledge the nature of the way markets operate in waves of enthusiasm and retracement. 200 monthly average is around and about 1000 USD, so that is a potential target.

*60 USD for the New York listing (ticker GOLD) is probably more reliable a target than the London listing price which also required Sterling to recover against the dollar. I have worse than no opinion on Sterling direction; I really have no idea what the future holds against yen, dollars or the euro. Italy and Greece dropping out of the Euro would make that a much stronger currency (Spain and Portugal would have to follow as a consequence) but whether that can happen either politically or economically is moot.

In summary RRS is a fairly solid short term short with tail winds from lower gold in Sterling terms, whilst they NYSE listing GOLD also looking good. The latter also has the benefit of ignoring Sterling binary situations, though on the flip side it has less far to fall.

[evianone] 05/12/2016 10:35

back in for a trade :-)

[giant haystacks] 05/12/2016 09:39

I profusely apologise for my hubby's behaviour.

[professor pettigrew] 05/12/2016 09:13

Only a complete idiot wouldn't have a decent proportion of their wealth in gold and gold miners.

Just a little patience is required, that's all. Scoop up as many as you can at £56 and then wait.

[chinese investor] 05/12/2016 09:11

Thank you for the continuing entertainment Professor The Full Omelette !

[juju44] 05/12/2016 09:04

to match the egg some have on theirs this morning

[professor pettigrew] 05/12/2016 09:03

When this hits £100 next summer, there will be some here with a very large amount of egg on their faces.

[blueball] 05/12/2016 08:57

Thanks dlewis its incredible the way its falling today as you say £48 may be the time to buy.

[juju44] 05/12/2016 08:57

Hahaha - Bring back Renzi. What a circus this all is

[dlewis1] 05/12/2016 08:55

Blueball it's got to stop falling sooner than later. It's been falling since September non stop. One day blue and 4 days red. I've been buying on the dips keep saying it wouldn't go lower. I'm keeping an eye on it and watching to see if £55 holds before I buy more. If it doesn't I'll watch for the £48

[blueball] 05/12/2016 08:47

£56 to buy now who would have believed it.

[professor pettigrew] 05/12/2016 08:45

No problems for me. I just keep accumulating RRS on every dip.

Another 100 tucked away this morning.

[chinese investor] 05/12/2016 08:42

I did the same as you evianone.

[evianone] 05/12/2016 08:40

That,s why I trade this stock and sold on Friday, didn't expect the pull back but expect the unexpected. Its obvious that the markets had expected the No vote, better to travel than arrive. Now will wait for the next trade, Futures looking very strong in America so we may have to wait a bit, its been a very good share to trade this month.

[chinese investor] 05/12/2016 08:34

Are you gonna top up using your infinite money supply ?

Professor Pettigrew (RRS) 5 Dec '16 - 01:04
What a bargain gold is at $1180 spot.
Just bought 200 ounces at $1188.

[dlewis1] 05/12/2016 08:30

Blueball I've been saying these were cheap since it was in the 70's. I'm not sure if wouldn't get cheaper but looking at the price of gold this morning I'm thinking it probably will but not for long. If RRS doesn't hold at £55 It may go to £48.

[blueball] 05/12/2016 08:25

At £57 these are now cheap.

[chinese investor] 05/12/2016 08:24

Professor Goldfinger,
Where is the "Physical Stuff" being delivered to ?
Kingswood Drive or Ilkley Moor !

[michaelsadvfn] 05/12/2016 08:17

Professor Pettigrew 5 Dec '16 - 01:04 - 6343 of 6349 0 1

What a bargain gold is at $1180 spot.

Just bought 200 ounces at $1188.



You're not very good at this game are you?

[chinese investor] 05/12/2016 08:06

I wouldn't put money on it !
Oh you did !

Professor Pettigrew (RRS) 4 Dec '16 - 23:07
Early indications show a £60.75 opening in London.

Professor Pettigrew RRS) 4 Dec '16 - 23:02
£60.45 opening price in London here already.

[chinese investor] 05/12/2016 08:01

Good Morning !

[blueball] 05/12/2016 07:55

bullish homing pigeon.

[84stewart] 05/12/2016 07:50

Do not get carried away RRS price MAY dip on opening gold price dropping quit fast and week-end results may be in the price already

[michaelsadvfn] 05/12/2016 07:14

Utter.......







NUTTER

[professor pettigrew] 05/12/2016 01:34

I like to divide the Pettigrew family wealth, 50/50 between physical gold and stocks like RRS.

That isn't to say I don't have £100,000's of investments in other stocks, but gold comes first, just ahead of obvious bargains such as LEG.

The Pettigrew fortune is just over £2,445,954 at the time of writing, around a 17% return in the past 12 months.

Suck on that trolls.