Randgold Resources Share Discussion Threads

[blueball] 15/12/2016 17:08

Its about 36 last time I looked RRS is oversold.

[professor pettigrew] 15/12/2016 17:07

What is it now blueball?

[blueball] 15/12/2016 17:01

When the RSI falls to 30 that will be the low it works everytime.

[professor pettigrew] 15/12/2016 16:54

Six dollars to go on the downside to the critical $1117 level.

I think gold will begin to strengthen if we get that low.

[bonio10000] 15/12/2016 15:06

Decent housing news in the US.

It seems Trump was so unpopular when he won everyone bought a house to get over it.

Mental scenario given the pre-election gloom.

[philanderer] 15/12/2016 15:02

Seven goes @ $1130 and the bu££er won`t hold :-)

[blueball] 15/12/2016 14:09

Lets hope it returns to £60 p p.

[professor pettigrew] 15/12/2016 14:02

blueball - I picked up 822 shares at £55.90 this morning, so at the moment I'm around £920 down.

I'm not even batting an eyelid. Lots of positives for gold, we'll be back at £60 here in no time at all.

[blueball] 15/12/2016 14:00

Added a few @5475p just now.

[professor pettigrew] 15/12/2016 13:58

Looking spot on for my forecast 10,000 trades and 1m+ volume today.


A lot of paper short positions in gold due to be unwound and covered very soon.

[philanderer] 15/12/2016 13:57

Now if we could just break back above $1132 ...

[professor pettigrew] 15/12/2016 13:55

blueball - £54 should hold comfortably.

Don't forget the gearing effect. Gold has been walloped in the past few days. All paper shorting in my view.

Watch us get closer to £60 when gold goes back over $1160.

[blueball] 15/12/2016 13:18

£5 off this is ridiculous hope £54 holds.

[bonio10000] 15/12/2016 12:50

hxxp://didthesystemcollapse.com/

There is already a disconnect between PM markets - let alone between paper and physical.

[perch3] 15/12/2016 12:14

You do wonder that if the USD keeps rising and kills commodities how the 85% of the world economy that is not the US is going to survive.

as it is, all oil countries need USD 80 plus a barrel to survive and are running down reserves. Brazil - screwed, never ending recession etc.

good point bonio - there will reach a point where other markets will have had enough - why should everyone else suffer because of one guys blinkered, protectionist, non trading mentality ? there's always another way ..............

[dlewis1] 15/12/2016 12:03

Be careful on trying to catch a falling knife. A couple weeks ago I said if £55 doesn't hold we could be looking at £48 as the next stop. Good to top up but don't top up with money you need in the short term. Look for the bargains and tuck them away for about 6 months or so.

[careful] 15/12/2016 11:40

It is not real economics, just traders trying to make a crust.
Often computer driven high frequency trading.
These prices are driven up and down by traders nothing more.

[bonio10000] 15/12/2016 11:36

Getting silly now - in a land of already irrational bubbles.

[professor pettigrew] 15/12/2016 11:35

From whence gold will rebound.

[philanderer] 15/12/2016 11:32

Next chart support looks like january`s $1117

[bonio10000] 15/12/2016 11:31

You do wonder that if the USD keeps rising and kills commodities how the 85% of the world economy that is not the US is going to survive.

as it is, all oil countries need USD 80 plus a barrel to survive and are running down reserves. Brazil - screwed, never ending recession etc.

[dstorey1] 15/12/2016 11:29

Happy to hold here. Have concluded three paper to physical transactions since US election and have fourth on radar. The old adage that "cash is king" will need re-working in not to distant future.

[bonio10000] 15/12/2016 11:25

This will kill emerging markets as well.