Randgold Resources Share Discussion Threads

[professor pettigrew] 06/12/2016 10:23

Could you tell me the date of the second coming whilst you're at it?

Perhaps I can take a spread bet on it.

[hpcg] 06/12/2016 10:08

The next interesting move in gold will be when US rates go up later in the month. Language about the next move will be important. Gold went up last year when market action in the new year nixed the four increases to come. People holding gold are anticipating a repeat of 2016, those not or short aren't.

[chinese investor] 06/12/2016 09:13

Great ideas think alike !

[balbains324] 06/12/2016 09:02

Chinese you in here too!!! I'm beginning to think your following me

[blueball] 06/12/2016 08:07

Gold on the up today.

[chinese investor] 06/12/2016 08:07

Look at this beauty go !

[professor pettigrew] 06/12/2016 07:16

Good morning all.

11_percent - you are probably correct re the gold price, although my view is that we are near the bottom, give or take $30 or so.

My point is that as long as the current weakness continues it offers a superb opportunity to accumulate stock here in a world-class company.

I believe there is so much happening over the next two years that is slowly and quietly creating a perfect storm for gold. I'm betting on $1500 by next summer and a new all-time high of $3000 by the end of the decade.

[11_percent] 05/12/2016 23:14

Prof,

The bottom for gold is not in.

I agree that RRS will rise with the gold price, in 2 years time.

It is about timeing.

[amelia airhead] 05/12/2016 19:05

Dad told me Santa has committed suicide and me and my sister won't be getting any presents this year.

[michaelsadvfn] 05/12/2016 17:14

Good post hpcg.

Well reasoned, a relief from the rubbish from the nutter banging on, ad nauseam, about gold heading to $3000.

[hpcg] 05/12/2016 16:50

I can't see gold going to all time highs in the next two years. Gold's run up followed years of declining inflation and interest rates. Now more of the world is talking fiscal stimulus and higher rates. Gold looks poor in comparison with a US treasury auction offering 2,3,4,5% yield. Even if one has a long term deflationary view, with higher rates being a short term phenomenon, one can still purchase these with confidence knowing that if yields go lower again, or QE happens again, one can collect on the capital appreciation. It certainly looks poor in comparison with inflation protected treasuries.

IMO gold has made its top for a long time to come I think. We'll know the bottom is in when gold miners start forward selling years ahead!

[professor pettigrew] 05/12/2016 16:05

I can't see it going much above around 21,500 personally.

One thing is for sure though, gold is tremendously undervalued given what's in store.

[wisteria2] 05/12/2016 15:57

You will be saying that when the dow hits 30,000 points!

[professor pettigrew] 05/12/2016 15:47

There are many reasons why gold will make new all-time highs within the next couple of years.

One of them is staring us in the face now, the rampant exuberance displayed by the Dow Jones Index, which will surely push past 20,000 by xmas.

Eventually, the overvaluations will blow out in a severe correction.

Also, when Trump starts his expansionary programme inflation will then respond, but the Fed won't be jacking up interest rates as much as people think, because an overstrong dollar will wreak havoc with US companies and exporters.

A perfect storm is brewing for gold, despite the recent price falls. I would imagine the Chinese and Russians are scooping up as much of the stuff as they can at these levels.

[professor pettigrew] 05/12/2016 15:35

It's very simple here - and I'm not talking about the trolls - if you believe the gold story, if you believe gold will make all-time highs within the next two years, and adjusted for inflation that would be around $3,000 then just continue to accumulate RRS shares and put money into the physical.

If you don't believe that gold will make new all-time highs then seek your fortune elsewhere.

[chinese investor] 05/12/2016 15:13

I'm Out With A Modest Profit !

[evianone] 05/12/2016 14:59

Thats me out of the trade failed 56.50 for second time :-)

[michaelsadvfn] 05/12/2016 14:57

Professor Pettigrew (RRS) 5 Dec '16 - 01:04

What a bargain gold is at $1180 spot.

Just bought 200 ounces at $1188.

So, an imaginary $4600 loss in less than a day.... thank goodness for fairy stories.

[chinese investor] 05/12/2016 13:10

For The Record I've Been Accumulating This Morning !

[evianone] 05/12/2016 12:51

gold edging higher needs to break 11.70 and RRS needs to get above 56.50 good tussle going on between the bulls and bears, could be somebody wants some and a buy being worked?

[badtime] 05/12/2016 11:55

Thanks HP ..useful post

[professor pettigrew] 05/12/2016 11:53

You haven't factored in the start of Shariah-compliant physical gold trading from December 31st.

Aside from that, a most interesting post.