Randgold Resources Share Discussion Threads

[professor pettigrew] 14/12/2016 10:44

It is not beyond Trump's remit to replace Yellen.

Remember, Trump wants low rates because of his massive expansionary programme.

bonio again hits the nail on the head. What's the interest on $20 trn even now?

All of it is completely unsustainable - printing money, more debt, expansion, rising inflation, etc.

It will all come crashing down with a bang.

The state of everything is so parlous, even "investors" in head lice treatments are deeply under water.

The only thing left will be gold.

[bonio10000] 14/12/2016 10:15

The rise in yields means that about 3 raises are priced in.

Let's see the impact of that on interest payments (personal, corporate and national), housing etc. and see if more than one or two happen.

What is the interest on $20 trn at 5% p.a.?

[gilesgraves] 14/12/2016 10:03

"As for the FED decision its already priced in so why wait for it" - excellent point. Its priced in, we hope today, but it wasn't priced in a month ago or two months ago. Surely the price of gold will dip just a little even now when they announce the decision. Even though its pretty much priced in.

[professor pettigrew] 14/12/2016 09:58

Exactly - the chances of something going wrong are high.

giles - these so-called "experts" have an appalling track record.

Gold will not only always keep it's value over the longer term, but will always surprise.

And as for the Fed decision - it's already priced in, so what's the point of waiting for it. 25 basis points are priced in. Can you really see the Fed hiking by 50?

As bonio points out - averaging on a stock like RRS makes far more sense. Every time it dips I top up.

But, if you want to get in here, you have to believe the gold story. It's very simple - gold is either going to rise sharply eventually or it's not.

I believe it will. Far too much going on in the world for it not to.

[careful] 14/12/2016 09:54

Lots of predictions about upcoming disaster.
Soros an 80% fall in the markets next year is one.
We all know that he has an agenda, but it is a scary prediction.
He must be worried about Trumps unstable ego,
How would he react to a geophysical set back?
We all saw how aggressively he counter attacks when confronted.
he is provoking the Chinese on trade and military.

The chances of something going wrong are high.
He will soon have a nuclear option.

[bonio10000] 14/12/2016 09:44

RRS has gone from £90 to £55

I'm not smart enough to choose the top or the bottom - so long term buying and averaging is easier.

Otherwise you might well be buying at £90 on the basis of a trend.

[gilesgraves] 14/12/2016 09:26

OK that makes sense. Im pretty new to this. I just was finding it hard to understand why...bearing in mind we knew this FED decision was on its way and bearing in mind these analysts and forecasters who do this kind of stuff day in day out, all saying the price of gold is going down. Im excited about trading RRS into 2017. and maybe even investing in it. Id love it to get to 11500 as Goldman Sachs predicted!

[bonio10000] 14/12/2016 09:13

If you believe in an asset better to purchase over time - otherwise you are at the whim of timing the market.

Unless you are a short term trader - that is largely irrelevant.

Some people trade and some invest.

[gilesgraves] 14/12/2016 09:12

Yes, fine....whatever. Still my question stands.

[professor pettigrew] 14/12/2016 09:03

Some reasons I think gold will reach $1500 by next July are:-

The Fed will only raise rates twice. The markets are pricing in 3-4 rises.

Despite his best intentions, Trump could prove to be a complete disaster.

Inflation is on the rise worldwide, and it's REAL interest rates that count, not nominal ones. Inflation will always be above interest rates in the developed world.

Physcial gold trading is now Shariah compliant and the Shanghai gold exchange is based on the physical not the fake paper of Comex.

Trump's Russian links could cause geopolitical problems.

Odds on that Russia may invade Syria.

Bullion and gold shares way oversold.

[gilesgraves] 14/12/2016 09:02

Its true...but I just don't understand why you have been so bullishly buying them as the price has been going down. Isn't it better just to wait for the FED decision and see how things go from there? All the professional analysts talk of the gold chart being in a down trend - I just don't understand why you would be bullish in spite of all that free advice out there, from professionals.

[michaelsadvfn] 14/12/2016 09:02

The whole world will be following....

Professor Dave Bernanke 14 Dec '16 - 08:44 - 6604 of 6605 0 0

I'm pencilling in only two rises next year...

...our Dave will be walking the walk.

[professor pettigrew] 14/12/2016 08:55

Analyst on CNBC just talking about gold, says gold shares after the pullback offer "good value".

[professor pettigrew] 14/12/2016 08:44

Morning all.

Yup, I agree 100% phil. Yellen talks the talk, but doesn't really walk the walk.

I'm pencilling in only two rises next year, hardly bad for bullion.

Plenty of other things going on in the world that are creating the perfect storm. All of a sudden the gold price will start surging upwards when nobody expects it.

Sticking to my $1500 target and RRS E100 by next July.

G:

[philanderer] 13/12/2016 23:34

Agree PP , that $1160 seems to be the key.

Could all come down to the wording with tomorrow`s rate rise . Dovish stance should be good for gold.

[philanderer] 13/12/2016 21:01

closing 5835p in the US

[blueball] 13/12/2016 19:46

Treading water.

[philanderer] 13/12/2016 17:12

Break and hold above that $1160 and we should be away.

Good day for the portfolio though ... 19 blue / 1 red

[bonio10000] 13/12/2016 16:40

hcpg

Gold is being sold at a massive premium to spot in India.

You are confusing paper gold price with real price.

The reason paper is where it is, is because there is no chance of delivery.

You try and buy a material amount of the real stuff and you are not paying spot rate.

[professor pettigrew] 13/12/2016 16:35

hpcg - very nice of you. I do do what I like, but I also act upon what I know.

I happen to know that there is an excellent chance that eventually China will set a gold standard for the Yuan. They want world domination - not a $20 TRN debt, based on sheets of Kleenex.

Also, many years experience tells me that in a stock such as RRS, which is a heavyweight both in price terms and gold output, that if you are prepared to ride the waves and ups and downs in gold, because it is so highly geared to the gold price, that continual accumulation (along with some nimble trading on the way up and down) eventually yields the best returns.

But you do what you like.

[professor pettigrew] 13/12/2016 16:31

Decent finish and over £1 above the day's low.

Watch this sparkle once gold gets out of the traps.

Remember, on past form, it will only take a gold price of $1200 - $40 up from the current level for us to reach around £63.50. An excellent percentage return when linked to a minimal gold price movement.