Randgold Resources Share Discussion Threads

[bonio10000] 07/12/2016 14:29

But the US is racing away, UK is still strong and the Eurozone is strengthening...

Isn't it?

[dstorey1] 07/12/2016 14:21

Bullion dealer I use for physical purchases no longer accepting online orders at present:)

[chinese investor] 07/12/2016 14:20

Looking Good !

[bonio10000] 07/12/2016 13:08

No raise this month and gold will soar.

[dstorey1] 07/12/2016 12:31

The recent appreciation in the dollar may have already done the Fed's job for them. Not 100% certain Fed will go in December as a consequence. As many have commented given the zero to negative interest rates and quantity of additional liquidity since 2008 the "recovery" in the US economy has been slightly better than anaemic and it must be doubtful whether it is strong enough to see rates rise.

[professor pettigrew] 07/12/2016 12:22

I keep saying, the FED will only raise rates at the moment twice next year, and next week's isn't a nail-on yet.

[bonio10000] 07/12/2016 12:01

Wednesday December 07 2016 Actual Previous Consensus Forecast
12:00 PM
US
MBA Mortgage Applications 2/DEC -0.7% -9.4% 2.44%
12:00 PM
US
MBA 30-Year Mortgage Rate 2/DEC 4.27% 4.23% 4.25%

[chinese investor] 07/12/2016 11:54

For The Record I Bought A Modest Number On The Drop !

[blueball] 07/12/2016 11:50

Lets get to £58.

[professor pettigrew] 07/12/2016 11:50

So, the link between the gold price and the price of RRS is intact as it will always be.

$1500 and £100 within 7 months.

[bonio10000] 07/12/2016 11:24

Did they really take "delivery"?

Or was the post it note in a vault moved from one section to another?

USD 1bn is nothing btw.

[chinese investor] 07/12/2016 11:22

Another example of "Occam's Razor" is "The Professor is a simpleton".
Pretty obvious now init !

[hpcg] 07/12/2016 11:17

All too soon forgotten?

Gold was at 1556 USD then. Paper gold did not collapse, the delivery was made, all the things the gold bugs said would happen didn't happen. Ockham's Razor; physical backed gold products are what they say. Paper backed derivatives similarly, but then by definition those do not move the price of gold at all, they simply follow the price.

[dstorey1] 07/12/2016 10:11

Just added to physical holdings.

[professor pettigrew] 07/12/2016 09:41

Decent recovery from the morning low so far.

You can't keep a lid on quality.

[dstorey1] 07/12/2016 09:33

Gold looking at daily break to the up side, though as last few days have demonstrated that could change before US opens. Debating on whether to conclude physical gold/silver purchase today.

[bonio10000] 07/12/2016 09:20

I would imagine there is a fair bit of unwinding of positions that is disconnected from real Gold demand. Especially after Brexit, Italy and the US election.

Take some prat like Odey trying to unwind his bets.

[dstorey1] 07/12/2016 09:15

Seems as though there is a disconnect at the moment between share price here and gold.
Are we in front or behind the curve?

[chinese investor] 07/12/2016 09:11

I sense a correlation between the RRS Share Price and the Price Of Gold !
LOL !!

[professor pettigrew] 07/12/2016 09:05

Well, if that's right giles, yet another opportunity to top up here before RRS gets out of the traps.

But there's no way gold will fall to $1000 or $1100 in my view.

I see the absolute bottom at $1150 and £55 for these.