Randgold Resources Share Discussion Threads

[bonio10000] 12/12/2016 13:24

Well - something just pumped Gold $5.

I assume it is the bond market pricing in inflation.

Inflation more than a poxy 0.25% rate rise.

[blueball] 12/12/2016 12:45

Coming back now.

[bonio10000] 12/12/2016 10:35

Oil prices up - so inflation up.

Gold down.

Okay !

[dstorey1] 12/12/2016 09:02

Wonder what would happen to the "paper markets" if producers decided to cut production?

[gilesgraves] 12/12/2016 08:43

We could have a gold price lift before the FED news. Then once the FED is out of the way I think we will see gold rise and rise into 2017. The problem is, just after the news and maybe for a week or so, gold will go down. I am thinking maybe even down to $1000 per oz. Randgold could go to 5000 or 4800

[michaelsadvfn] 12/12/2016 08:24

Professor Pettigrew - 05 Dec 2016 - 01:04:40 - 6343 of 6506

Randgold Resources - Charts & News - RRS

What a bargain gold is at $1180 spot.

Just bought 200 ounces at $1188.

My Christ - RRS at £60?

Will look stupid come next April.

Large order for 1182 in at the opening ten minutes tomorrow.

So you're down almost 7 grand in a week, excluding your losses on your 'large order at 1182'.

10 grand minimum then?

[philanderer] 11/12/2016 23:53

PP , wow that`s a lot :-)

I`m not quite in that league , I hold just under 250 but it is part of a hopefully balanced / defensive portfolio of equities.

I`d be surprised if it went below $1150 and if I can buy some RRS below 5600p I will.

[professor pettigrew] 11/12/2016 23:34

philanderer - I hold just over 3,000 RRS at the moment, but looking at the renewed gold price weakness, I wouldn't be surprised if we dip below £58 on the way to sub £57 sometime tomorrow.

If gold dips below $1150 overnight we could go sub £54 this week, before a recovery.

What is your take on it?

PP

[philanderer] 11/12/2016 23:14

Spot down to around $1157 in far east.

But if you've got a balanced portfolio you should be more than fine as FTSE futures showing +110 pts at the moment :-)

I`d probably be looking to add to my RRS position early tomorrow on the expected drop

[professor pettigrew] 11/12/2016 22:03

philanderer - I agree.

Reckon we are going to see a downwards movements in the gold price tomorrow and possibly Tuesday am.

The prime time to buy RRS is probably around noon on Tuesday. £57?

[philanderer] 11/12/2016 17:40

PP ,I reckon the 0.25% increase is now more or less priced in. The key will be how long the market percieves the next one is going to be. A dovish tone should be good for gold imo.


edit:

As Bristow said five weeks ago..

"If the gold price stays above $1 250 per ounce, and we deliver on our forecasts, we should get close to a $500 million net cash position at the year end."

We`re not a million miles away :-)

[professor pettigrew] 11/12/2016 17:20

Very interesting post philanderer.

Looks like we could see a fall here tomorrow and/or Tuesday, then maybe buying midday Tuesday for a gold recovery would be a wise and prudent move.

Let's see how the first 3 hours pans out tomorrow.

[philanderer] 11/12/2016 16:52

'Bold Enough To Be Contrarian? Here Is Why We Think Gold Will Jump Next Week'

[philanderer] 11/12/2016 16:51

The hope from here for the producers is that once the rate rise is confirmed, and the US dollar pulls up, there will be a relief rally in the price of the yellow metal. Having said that, there is not much to complain about with gold where it is.

Despite the 9 per cent retreat in the last 30-days of $US118 an ounce, gold is still some $US88 an ounce or 8 per cent higher than its starting point for the (calendar) year. And with the help of the cost-cutting that occurred in 2014 and 2015, margins for the industry remain relatively healthy.

On Macquarie figures, the global gold majors have average all-in sustaining costs of about $US850 an ounce. For the mid-tiers it is about $US860 an ounce, and for the juniors it is about $US885 an ounce.

[professor pettigrew] 11/12/2016 15:20

Topicel - valid points, but I was fully aware of the date of the article.

It was (re)posted to give a flavour of just exactly what China is involved in as regards the gold market.

Were you aware that there are rumours that one day China may link the Yuan to gold?

It's relevant even if it's a few months old. Maybe some newbies here have read it and caught on to just what is going to happen to the gold price going forward.

[topicel] 11/12/2016 10:57

Why would you post an old item PP?

Clearly you are not reading what the content is rather just headline grabbing to support your current bets.

That's fair enough, we all do it, but keep them up-to-date. Gold is certainly not at 1342 bucks, if only...

Topicel

[blueball] 09/12/2016 19:54

stay long.

[philanderer] 09/12/2016 16:21

Oh well, not to be today... $1170 proved too much.

Gold hitting 10 month lows again.

Good weekend everyone.

edit:

Citigroup Inc. has upgraded Randgold Resources Ltd. (ADR) (NASDAQ:GOLD) to Neutral in a statement released on 12/9/2016

[blueball] 09/12/2016 13:25

Look at the chart £60 finish today.

[dstorey1] 09/12/2016 10:38

65177; Of the artificial variety:)

Re PP just filter and move on, works wonders.