Randgold Resources Share Discussion Threads

[blueball] 08/12/2016 16:06

Is gold heading for $10000 ..

[professor pettigrew] 08/12/2016 16:00

Very droll hpcg. You are learning though, I'll give you that.

[hpcg] 08/12/2016 15:56

ECB tapering in the spring. Cheeky short just added, only looking for a few percent, target a tad below 5700. I think I can safely say without boasting that this is by no means a certain trade - there is oh so rarely certainty in investing.

[michaelsadvfn] 08/12/2016 15:12

Narcissism, deluded mind, but still narcissism.

[professor pettigrew] 08/12/2016 15:03

Well, I think I could safely say without boasting, that my timing on an RRS price recovery was 100% spot on.

What we need now is gold over $1180 to get £60+

[careful] 08/12/2016 13:55

RRS has been the worst of the miners by a long way these last few months.
BLT,RIO,GLEN,KAZ have more than doubled whilst this has crashed by 35%.
A high lost opportunity cost, being in the wrong share at the wrong time.

[chinese investor] 08/12/2016 13:40

I've taken advantage of this weakness to top up my physical holding.

[professor pettigrew] 08/12/2016 13:30

RRS moving back up. We've seen the day's low point now.

[professor pettigrew] 08/12/2016 13:29

bonio1000 - when you add up what they have already done, and put that with what they are going to do, they will have printed (or created) one trillion euros.

The gold price at $1170 will eventually react very strongly to that.

Super Mario now speaking.

[professor pettigrew] 08/12/2016 13:25

Looks as though some buyers coming back in for gold, therefore RRS should start moving above it's current £5830/5835 level.

[k mon] 08/12/2016 13:24

perhaps all those economists and politicians have resorted to raiding the lumberjacks piggy banks - to buy all those bonds
- to support the economists theories and keep politicians in control.

Pure Genius.

- or is it desperation.

- or is the 'theory' just flawed.

this is nothing short of Economic suicide.

[bonio10000] 08/12/2016 13:21

Basically, they have no idea what they are doing or the exit strategy.

Bullish for bonds and stocks and housing then.

[bonio10000] 08/12/2016 13:20

I alluded to this the other day.

So the ECB is buying negative yielding bonds. The day they stop tapering, rates rise on bonds and prices fall.

So they are then insolvent due to the losses on valuing those purchased bonds at market rates.

How do they ever square that circle?

[dstorey1] 08/12/2016 13:08

I think ECB decision is highly confusing and personally negative for markets. All this QE is now very much a one trick pony. Debt becomes debt!!!

[bonio10000] 08/12/2016 13:05

So he extends QE for 12 months but at $60bn a month - so $720bn of printing?

And that is bad for gold?

Okay......

[professor pettigrew] 08/12/2016 13:01

No chance now blueball, with Draghi slightly tapering QE from April 17 gold has dropped a few dollars.

Still, not bothered, It's the longer term view that counts, and I've picked up another 200 in the last 15 minutes since the decision.

[k mon] 08/12/2016 12:10

Excellent post hpcg :

- pasted below for memory - as its been a while back.

----------------------------------------------------------------------

hpcg
6 Dec '16 - 16:27 - 6409 of 6468 1 1

Prof - that isn't how money works. Money is an exchange mechanism, it doesn't have value in its own right. If I grow a crop, or increase a herd of sheep, or cut a tree into planks I have created wealth. I expended my human brain or brawn to do that. I'd like to exchange it for something else. All I need is a mechanism which gives me the mutually fair equivalent of some alternative. Sensibly we can create some paper tokens for each of those people so that they can exchange with each other. As production increases we need to keep creating money, otherwise we get deflation - too many goods and not enough money. If we create too many paper tokens we get inflation as too much money and not enough goods. Productivity increases are naturally deflationary; build a water mill to grind corn and human sweat has declined whilst flour has increased. If money supply does not match the production of goods an services in either direction the economy is hampered. This is why the gold standard was doomed and will never be returned to - it rewards gold prospecting and hoarding and not real production. Shell based tokens have failed for the opposite reason. A controlled printing press where the token itself has no value is the most effective system.

One of the causes of the recent deflation has been the transfer of wealth from the many to the few. Billionaires just don't have enough needs to recirculate their spending.

-------------------------------------------------------------------------------

There's only one problem with this theory.

Although the 'medium of exchange can be anything' argument does stand for the conduction of commerce - as proven everyday - people and business exchange goods and services for little more than imaginary electronic numbers.

- The problem is ---- Within that system - There is no Store of Value.

- In other words - you may grow a crop - or do some lumberjack work - but if you don't 'OWN' the crop - or the wood - then you are effectively working for nothing.

- You're VALUE - hasn't increased one bit.

- so - what you are in effect promoting - is a system which masks slavery,
in order to promote the velocity of a currency and then report this back as 'growth - or profit.

A complete false economy.

-- It isn't - because no one benefits - other than the 'owner' of the land

- That's called Feudalism.

- that is how advanced current economic theory is.

- In order to turn 'currency' - into 'money' - ie - a 'store of value'
- then an undisputed - indefeasible vault or store has to be provided.

- that currently - does not exist.

- Governments - are Bust
- Banks - Are Bust
- Corporations - weighed down by 'corporate debt' and bonds - are Bust

Where then is the store of value?


- It's in the machines that produce the goods & services - because they are the only things that can - over time amortise their capitol cost.

In other words - there comes a time in a machines lifespan - where it has paid off it's capitol cost - so that every new product made - only costs the raw materials which go into it's construction.

- thus - we have a deflationary price spiral. - thus - negative interest rates - as very little new capitol is required in order to keep on producing.

By holding Gold - only two things are recognised by the Gold Holder.

1) there are no alternative, viable or trustworthy - stores of value available.

2) There is not much point in 'investing in new, more productive machinery
- as the ones already in existence can satisfy demand.

- so - where is a hard working farmer or lumberjack to store all the value of his labour.? - so he can then use it in old age or perhaps for enjoyment - or maybe even - buy his own farm. - and who is he to trust to enable him to do that?

- Politicians perhaps?

- how about economists?

- both of who's systems seem determined to re-introduce serfdom and Feudalism.

perhaps - what a Gold Holder is really doing - is taking the excess liquidity within the currency system [which is so biased against his existence in any case] - and thus initiating the very collapse of the system which seeks to enslave him?

There is more to Gold than first appears - every modern day economist would do well to consider it's values.

without a store of value - that can absorb future events and meet their needs, or be reinvested in better machinery or product design, when the time comes
- well - modern economics is just money laundering - and that's a crime.

So - where, in this bankrupt world - is that store of value?

- or - if it ever did exist - has it been pilfered totally


No wonder people buy Gold.

[adrian noble] 08/12/2016 12:10

Good luck dstorey1 - it makes sense.

[dstorey1] 08/12/2016 11:57

Adrian a very wise move. I have recently concluded two purchases of physical gold and silver in bar form. Next time I will diversify with silver coinage. Way things are heading might prove prudent:)

[adrian noble] 08/12/2016 11:34

I've just taken delivery of a modest amount of the "physical stuff".

[blueball] 08/12/2016 11:06

Yes it will be there.

[professor pettigrew] 08/12/2016 11:03

Almost there blueball.

[chinese investor] 08/12/2016 11:03

Slowly Does It !