Randgold Resources Share Discussion Threads

[hpcg] 13/12/2016 16:17

Professor Pettigrew you are Zero-Hedge and I claim my 5 Pounds. Would this be the China which since September 2015 has been gradually easing its currency down against the US dollar, and has an unheard of debt to GDP ratio? Is it the China where debt to GDP is blown away by the debt lurking in the shadow banking system? Or is it the China which uses capital controls whenever it likes, has an official fix based on the market but which can ignore the market when it feels like it and had to twist the IMF's arm to become a reserve currency?

Here's the reason you need to buy gold - because it is going up in price. Even the largest private investors can buy as much gold as they like at a moments notice without moving the price a cent. At the moment gold is going down in price, or perhaps just not going up in price. All the justifications you are coming up with to buy a gold and straw man, and similarly with RRS. The price is consolidating, and will resolve itself in one direction or another. The time to buy or sell is once that has happened, and not before. But you do what you like.

[bonio10000] 13/12/2016 15:00

i think the slow recovery of the £ is hurting RRS a bit as well.

For example, $1.20 to $1.27 is still 6% of the share price.

[professor pettigrew] 13/12/2016 14:52

Spot on bonio10000.

See my post 6591 re futures selling (all paper nonsense of course).

Also, I've heard from some people, a couple that I have high regard for where gold is concerned, that China is actually accumulating as much gold as they can, because eventually their plan is to kill the dollar as a reserve currency and link gold to the Yuan, thereby making it the only currency in the world actually linked to anything of value.

The rest of it is just toilet paper.

A bit like the Comex gold contracts.

[bonio10000] 13/12/2016 14:13

I assume the manipulators are burning paper to keep the price down.

one theory I read was keeping the price low whilst china accumulates as a hedge to US treasuries.

When you factor in them being part of the SDR now - there is clearly more collusion and coordination behind the scenes than we know.

[dstorey1] 13/12/2016 14:10

Re-run of yesterday.

[bonio10000] 13/12/2016 13:54

It is interesting that the collapse in gold and miners is off the back of assumed increases in rates - when none have materialised so far.

It wouldn't take a lot to alter that narrative to no or limited rate rises, in which all the negative spin is removed and prices should correct to previous levels.

[bonio10000] 13/12/2016 13:40

Nope - I said either is bullish.

Inflation is bullish and deflation in this instance is as well (as rates are zero and will remain so).

I think either works presently because of the unique circumstances. If anything, deflation might mean more printing.

All the time - they just can;t raise rates.

[dstorey1] 13/12/2016 13:38

You omitted that inflation itself is bullish for gold as it acts as a hedge.

[bonio10000] 13/12/2016 13:37

Less inflation - less reason to raise rates.

higher rate increases will kill the economy and create deflation.

They can't have that with the debt in place - so they are really stuck.

[bonio10000] 13/12/2016 13:36

dstorey - US inflation figures out.

Or should we say deflation figures.

Tuesday December 13 2016 Actual Previous Consensus Forecast

01:30 PM
US
Export Prices MoM NOV -0.1% 0.2% -0.2%
01:30 PM
US
Export Prices YoY NOV -0.3% -1.1%
01:30 PM
US
Import Prices MoM NOV -0.3% 0.4% -0.4%
01:30 PM
US
Import Prices YoY NOV -0.1% -0.2%

[dstorey1] 13/12/2016 13:33

Re-run of yesterday's move in gold pre US?

[bonio10000] 13/12/2016 13:32

So the strong USD has crushed import prices and inflation.

Who would have thought?

[hpcg] 13/12/2016 11:58

Nice little scalp of a couple of hundred points in a few days. I'll probably close out the GOLD equivalent once New York has got going just to avoid the Fed announcement. If anything dramatic happens to gold as a result then easy to jump back on RRS/GOLD shorts as it always lags moves down in the metal. SP500 is hugely overbought right now.

[dstorey1] 13/12/2016 11:20

Looks as though RRS could be a head of the gold price curve. Still strongly believe DOW/US is teetering on the cliff edge and a move to safe havens is imminent.

[professor pettigrew] 13/12/2016 11:13

If you could start saying £59 philanderer, we may get to £60!

[philanderer] 13/12/2016 10:55

Every time I say 5600p the fella goes up :-D

[blueball] 13/12/2016 10:51

I had a small top up @5695p.

[professor pettigrew] 13/12/2016 10:09

Picked up a further 79 at £56.65 a few minutes ago.

[philanderer] 13/12/2016 09:49

I`m having a small top up @ 5600p ;-)

[bonio10000] 13/12/2016 09:13

Can't see a big move until Wednesday.

Still finding it Epic that raising rates by 0.25% from nothing to nothing is seen as being very anti-gold.

Man alive.

What are fuel, rent and healthcare inflation in the US running at?

Quite.

[philanderer] 13/12/2016 09:09

$1160 starting to be a problerm.

Morning everyone