Randgold Resources Share Discussion Threads

[jaji2630] 09/6/2017 10:09

I meant it had been good for randgold not gold....

[gilesgraves] 09/6/2017 09:45

Yes, but it hasn't "pushed gold up". The gold price has fallen as the outcome of the British Election is not seen as a global risk. Gold price is hopefully bouncing off support at 1270. We shall see. Randgold is up because the pound is down and foreign investors pile into FTSE companies with global income when the pound goes down. Im 50/50 on the short term way forward for Randgold. I hope that the gold price is bottoming out and will rise through 1300 and onwards to 1400 in the next months. However, if it goes the other way I have a trend line for the gold price at about 1235 and below at 1225. That would in my opinion be an awesome buying opportunity. Alternatively we may just go up from here. Interesting times.

[chinese investor] 09/6/2017 09:19

Looking Good !

[jaji2630] 09/6/2017 09:18

Looking good...not the result in the election I was hoping for but it's pushed gold up so reasonably happy.

[chinese investor] 08/6/2017 23:24

I currently have no holding but I may start to accumulate tomorrow !

[gilesgraves] 08/6/2017 16:13

Buying in last thing just in case we get a political surprise. Hung parliament or Labour win will send the markets mental.

[jaji2630] 08/6/2017 15:32

I hope so...looks a bit dire at the moment...

[christh] 08/6/2017 13:45

politics come into place this afternoon.
possible US$ decline at the statement given by the sacked FBI prosecutor against
Trump.

So hopefully will be a turn upwards for Rangold.

[christh] 08/6/2017 09:47

Gold Price Breaks Out

Yesterday, gold broke a nearly six year-long downward sloping trend line that goes back to its all-time high of $1921 in August of 2011. Gold has not managed to cross above this trend line, currently at around $1280, since then, although it has come close a number of times including as recently as last April.

Today's breach of this trend line is likely significant; historically, breaking above a five year long downward sloping trend line has signalled major bull market moves in gold (30% or more) including 2001, 1993 and 1985.

One of the better indicators for gold is the ratio of the price of the U.S. 30 year Treasury bond to the U.S. Dollar Index. Gold rises and falls with this ratio because it encapsulates two important factors driving the gold price. When the dollar is falling while the bond is rising (and rates are falling), as we see currently, gold tends to rise. A strengthening dollar and rising yields—as we saw after the Trump election—generate a headwind for gold.

more here

[gilesgraves] 08/6/2017 08:28

Once we are past a gold price of 1295 I am happy only because of this idea that a head and shoulders pattern has formed on the daily chart. On to 1307 then 1400 and taking RRS with it. Unfortunately a conservative win I think is likely to bring the gold price down or at least keep it pretty much level (hopefully remaining above support at 1275). A labour win would instantly jettison us all into some kind of RRS hyperdrive warp speed to 11500! Either way the media will dramatise the Brexit negotiations so much that this should push the gold price up and up through the summer.

[k mon] 06/6/2017 21:36

Was going to criticise someone here in the last week or so .... as they thought there might be an inverse head & Shoulders forming.

(Usually found at the bottom of big Dips and taken as a reversal pattern)

Glad I didn't ... because oddly enough ... that is what it could be..
very rare to see in a rising trend ... and positive if so ....

Next stop £90. at least ...


To paraphrase CI ....... 'Go On Ya Beauty' ....


PS ... singsong ...
.... Gordon Brown was a Labour Chancellor wasn't he
.... Sold all the countries Gold off at less than £300 an ounce...

That's why your children will be paying for your Care Home...

All that Tax .... and nothing to show for it ..

So long as mine aren't

Muppet....

[chinese investor] 06/6/2017 18:34

£80 Soon !

Chinese Investor (RRS) 6 Jun '17 - 12:04
GO GO HORSEY !

[r1singson] 06/6/2017 14:04

Everybody vote labour.Get rid of greedy tories just in it for the billionaire owners that back them.Save our NHS otherwise it's your kids paying for everything we got free. Vote for the sake of the elderly and the less well off in our society.

[chinese investor] 06/6/2017 13:12

Mrs Pickles's SIPP needs it - it invested heavily in the doomed LEG !

[jaji2630] 06/6/2017 13:09

Let's hope all those £8 and £8.50 predictions are right....my pension pot will benefit as well as Mrs Pickles!!!

[chinese investor] 06/6/2017 12:04

GO GO HORSEY !

[christh] 06/6/2017 09:25

Date...............Broker.....Recommendation...........New target price.....Notes
05 Jun 17...JP Morgan Cazenove...Overweight................8300.00.........Retains

[chinese investor] 06/6/2017 08:32

Looking Good !
I've Been Quietly Accumulating The Physical Stuff !

[bonio10000] 06/6/2017 08:32

Gold stocks not following paper in Canada and USA

Makes me think it is not a true rally. We will see.

The US market is falling over slowly though and Trump's budget and tax reforms are receding.

[wisteria2] 06/6/2017 08:29

Gold looking strong!! will it be slapped down again this afternoon? GLA

[bonio10000] 06/6/2017 08:11

Potential breakout today

[chinese investor] 03/6/2017 07:24

Very Impressive !

Professor Pinocchio (RRS) 15 Feb 2017 - 21:53:54
A great month in the Caribbean, met a fellow ADVFN merchant who trades in and out.
Told him the virtues of RRS which I'd traded 8 times on board.
Put over £8.5K in Mrs Pickles's pension fund with it.

[liberace pickles] 03/6/2017 06:44

You hit them round the head violently with new fivers.
I see it all the time on Sutton High Street.