Randgold Resources Share Discussion Threads

[philanderer] 06/1/2017 10:17

Morning everyone.

Waiting for those US non-farm payroll numbers at 1:30pm


edit:

Haven`t seen this for many years ... snow on the greek island of Naxos :-O

[poseidon adventure] 06/1/2017 09:49

Inspirational trading CI

[professor pettigrew] 06/1/2017 09:46

Of course you have. Your middle name is liar.

Scum like you do it for a living.

[professor pettigrew] 06/1/2017 09:11

Morning revell40 - haven't looked, but will do. Pretty tied up today, but I'll get back on that one.

Was just going to say, another possible big fly in the ointment today is the non-farm US payrolls at 1.30pm our time.

If they show more than 200,000 jobs created in December I think gold could fall another $8 or so as it could indicate another Fed hike sooner rather than later.

Bit of a dodgy day to be in the markets at least until 1.31pm - see how it goes.

[revell40] 06/1/2017 08:04

What's ur take on hgm pp

[professor pettigrew] 06/1/2017 07:54

Thank you stevenrevell. Do my best!

GL.

[professor pettigrew] 06/1/2017 07:52

Morning blueball. I hope you are right, but I think £64.50-£65 is more likely.

Correlation points don't add up, and gold has risen $50+ in a few weeks, so a fair bit of profit to come off the table.

Let's see, only ten mins to go.

GL.

[stevenrevell] 06/1/2017 07:51

You have been right most days pp

[blueball] 06/1/2017 07:42

Good day ahead I reckon £68.

[professor pettigrew] 06/1/2017 07:37

Good morning.

Just reading my correlation points viz a viz the price of gold v RRS. As I said yesterday evening, we are around £1-£1.50 ahead of the game in any case, and the $6 slippage in gold overnight points to a pull back to the £64.50-£65 area some time today.

[philanderer] 06/1/2017 00:06

'Gold Technically Oversold, Ready For Price Reversal'

[dongle features] 05/1/2017 21:40

You deserve your winnings Chinese Person.

[chinese investor] 05/1/2017 21:27

Not only am I making money but I'm taking the p*ss out of that amateur Dame David !

Chinese Investor (RRS) 1 Dec '16 - 22:09
I was able to pick up 3,000 today - £70 nailed on.

[professor pettigrew] 05/1/2017 20:21

Good find phil - many thanks.

[professor pettigrew] 05/1/2017 19:41

One word of warning, and one excellent article that cements the current gold price.

Firstly, if you do the correlation, and look back around six months, the share price of RRS is now ahead of the game viz a viz the gold price.

Currently as I type this, spot is $1182 up $16 and RRS is around £67.

The correlation with the gold price means RRS should be around £67.50 with a $1200 gold price.

So, we are around about £1.50 ahead of the game, so vulnerable to a short-term pullback.

Here, however is the good and excellent news. Fiat money now tops $15TRN in the US alone.

If that isn't a clarion call for gold to move higher, I don't know what is.

[the macallan] 05/1/2017 18:00

Nice seeing £67 having been adding at £55 while people were considering a retest of the sub £50 level.

[philanderer] 05/1/2017 17:14

That was a top day . Portfolio nearly +1% :-)

[wisteria2] 05/1/2017 15:57

PP sorry to here you sold out so early on!! unlucky!! you should have stuck to your guns quote £10.... GLA HOLDEERS

[bonio10000] 05/1/2017 15:55

Signs of stagflation.

So prices are rising, GDP isn't, and rates can't rise due to debt.

Check out the gold chart of the 70s to see what happens.

And throw in Brexit, EU, China, Trump and general systemic risk.

[philanderer] 05/1/2017 15:52

That now famous JP Morgan quote " At gold $1200 Randgold is a cash cow "