Randgold Resources Share Discussion Threads

[bonio10000] 15/12/2016 11:24

And the day traders day trade.

looks like no support for gold - what happened to 0.25% being 100% sure and priced in?

Still - let's me accumulate more over the long term.

[dstorey1] 15/12/2016 11:19

China playing the long game whereas our "side" are acute myopic.

[bonio10000] 15/12/2016 11:13

Yep - a 0.25% raise means all is good in the chicken coop.

[dstorey1] 15/12/2016 11:11

Speculation is that China has multiples of it's "officially" reported holdings. The price movements in paper gold and their associated mining stocks are meaningless and have zero bearing on future realities.

[bonio10000] 15/12/2016 11:07

I believe Russia actually buys its own production.

I think I said the other day, there has been speculation China is looking to accumulate about 8,000 tons, like the US, to hedge against dollar losses on its bonds and the price action might be part of the fix to let them do that (in return for not dumping their treasuries).

Once they are in line with US holdings, they will stop.

I also see Russia has 25% to 30% debt to GDP. Say what you like about Putin, but that is cool.

[dstorey1] 15/12/2016 11:04

Interesting that China does not export it's gold production and Russia's is limited, to the point that Russia is a net accumulator.

[philanderer] 15/12/2016 11:03

Back from the dentist, all ok and all cleaned up and polished :-)

Hovering on the RRS 'buy' button now ;-)

[christy41] 15/12/2016 11:03

Interesting interview with Andrew Maguire.

[professor pettigrew] 15/12/2016 10:54

Don't worry about that bonio - they will do what they have always done.

Print some more.

[professor pettigrew] 15/12/2016 10:53

hpcg - I beg to differ.

There is a very strong case for owning RRS, especially at £55.

And an excellent case for owning physical gold.

I'm afraid the gold price will leap up and bite the shorters on the backside sooner than many think.

[bonio10000] 15/12/2016 10:48

I see the US 10 year is over 2.6% now.

Still historically low, but given the US has debt skewed towards the short end, that 0.5% rise in rates is already adding $100bn to the interest bill p.a.

[careful] 15/12/2016 10:43

RRS can ride this storm out.
They have a low cost per oz. which will be even lower with the stronger dollar.
Almost no debt at all.

[essentialinvestor] 15/12/2016 10:38

Thought RRS may be worth a look sub £50, have them on a watchlist for now.

[bonio10000] 15/12/2016 10:26

hpcg - depends if you are a trader or investor.

[essentialinvestor] 15/12/2016 10:23

With each cycle the peak in rates appears to be lower than the last.

The risk may be helicopter money, CB's may appear to be all in but they
can still dream up plenty of new ways to supposedly promote growth.

[hpcg] 15/12/2016 10:22

The current interest rate trajectory is worst case for gold as the negative carry will increase without the deflationary or inflationary threat. As has been mentioned on this thread already gold will only rebound if the Fed is once again unable to raise. UK investors have a second consideration - what happens to Sterling, especially around March. There isn't a case to own RRS for the next couple of months, indeed the price is very likely to drift.

[bonio10000] 15/12/2016 10:20

Well, that would murder any chances of rate rises.

Unless they go negative, there is only QE.

[essentialinvestor] 15/12/2016 10:18

Post WW11 the US experiences a recession once every 8 years approx,
it would be unusual if this cycle does not roll over within the next 18 months
or so.

[bonio10000] 15/12/2016 10:02

A good strategy.

Safe to say, when it hits the fan rates are not going up, they will be down and negative.

[dstorey1] 15/12/2016 09:59

My focus is on converting paper into physical gold and silver, and holding in my possession.

[bonio10000] 15/12/2016 09:56

Most metrics higher than 2008 but with double the national debt and all CB's maxed out.

Plus we are in the 3rd longest period in history without a recession.

Bullish.

I'm still slowly accumulating monthly.

[essentialinvestor] 15/12/2016 09:42

US inflation will not be rife in 2017.

As bono has referenced there was a significant difference between expectations
and reality in US rates through 2016, again the market looks to be pricing
exceptions on the high side imv.