Randgold Resources Share Discussion Threads

[chinese investor] 24/7/2017 08:44

Good RNS !

[christh] 24/7/2017 08:37

Announcement of Q2 2017 Results - 3 August 2017

RELEASE
The Q2 results will be released electronically on Thursday 3 August 2016 at 07:00 BST (UK). The full results will also be published on our website at www.randgoldresources.com. The PowerPoint presentation will be available on the site from 11:30 BST (UK).

[christh] 24/7/2017 08:27

Commodities Summary Previous Change
Oil.....................48.06...........+0.24
Gold..................1254.95...........+0.14
Silver..................16.51...........+0.01
LME copper 3MO.......$6012.00...........+8.00

[christh] 24/7/2017 08:23

Back up now to $1254.11 and rising

[christh] 24/7/2017 08:15

I am sure it will recover.

The gold went up from $1244 to $1255 and is now at $1253.

It should be around £73 not this stupid price.
Demand for gold is great as currencies, political uncertainty, economies unclear.

Gold is stability, growth,opportunity and hope.

[chinese investor] 24/7/2017 08:09

Should recover !

[christh] 24/7/2017 08:07

A great opportunity to buy.
Results are next week and looking at production to 285,000 ounces in its Tongon gold mine alone, the revenue and profits will rocket the share price.
The dividend will be raised significantly too as the directors said.

The share price on 7 June was £77.35.
It is now oversold and at £69 is a huge discount, a great opportunity


Broker views
14 Jul 17...Barclays Capital......Overweight....8000.00.....Reiterates
05 Jun 17...JP Morgan Cazenove....Overweight....8300.00.....Retains

Barclays says target price £80 and JP Morgan says £83.00

So take your pick and your chance.

Buy now for the £80 target price.

[christh] 23/7/2017 05:54

Gold sector is now on major buy signal since early 2016.

Last updated: Jul 23, 2017 17:59 ET

Price $1255.03 0 +(0.00%)
High: 1255.03
Low: 1255.03

[christh] 23/7/2017 05:43

Evening Markets Report
22 July 2017 01:37

Summary
The Dow Future has eased 59 points to 21522.
The US Dollar Index softened 0.294 points to 93.949.
Gold is up 9.055 dollars to 1254.555.
Silver is higher 0.1620 dollars to 16.5045.
The Dow Industrials trended lower by 31.71 points, at 21580.07, while the S&P 500 trended lower by 0.91 points, last seen at 2472.54.
The Nasdaq Composite slipped 3.71 points to 6386.29.
Streaming charts of these markets are available 24/7 at MarketClub

[christh] 21/7/2017 16:28

Dont count your chickens yet...its rising to 1251 and maybe 1252
It is now up US$6.51


Rangold share price now is a must BUY.
Very good price

It would have been good for £80 run starting today

[stewart64] 21/7/2017 16:13

Well $1250 looks like it might hold to FTSE close in which case surely a rally at the death...currently 6960.

[christh] 21/7/2017 14:43

US Dollar Extends Declines Amid Report Trump Exploring Pardoning Powers in Russia Probe

London (July 21) The U.S. dollar extended declines past a one-year low on foreign exchange markets after reports indicated that Donald Trump's legal team may look at ways to allow the President to pardon himself amid ongoing probes into Russia's election meddling.


see here

[christh] 21/7/2017 14:32

Close To New Gold Standard As Australia Exports Record Amount Of Gold To China
SRSrocco
July 20, 2017

Are the Chinese getting close to announcing a new gold-backed currency?
Well, if the record amount of Australian gold exports into China is an indicator, it may be close at hand. While the Chinese have been importing a lot of gold from Australia, it reached a new record high in 2017.

According to the recently released data by the Australian Government June 2017 Resources and Energy Quarterly, Australia exported more gold to Hong Kong and China during the first quarter of 2017 than any other quarter in history.

Australian gold exports to Hong Kong and China were 54% higher Q1 2017 versus the same quarter last year:

see here

[christh] 21/7/2017 14:22

it is now broken away to 1251.43 aiming higher.
Not a fair share price, it should be above £73.

waiting for the price to rise to £71-£72 today

Pehaps waiting for the US markets at 2:30 pm, to push the price upwards

[stewart64] 21/7/2017 13:51

On the previous two breakouts above $1250 in March and May Rand was trading at £73. It has felt like harder work to convince the Market third time around.

[christh] 21/7/2017 13:21

Gold is now up $1250.2 +5.12 (0.41%)

Share price has to move to reflect that at least £70.80- £71

Rangold underevalued

[christh] 21/7/2017 13:14

Gold is now up $1249.84 +4.75 (0.38%)
Share price has to move to reflect that at least £70.80- £71

Rangold underevalued

[christh] 21/7/2017 11:24

Gold is now $1248.09 +3 (0.24%)

moving up, people.Its up +0.24% now.
Keep an eye likely for a break out to $1250 today that is £71.50 likely today.

[chinese investor] 21/7/2017 11:14

I sense £75 !

[christh] 21/7/2017 10:37

The share price on 7 June was £77.35.
It is now £70.25 which is a huge discount, a great opportunity

14 Jul 17...Barclays Capital......Overweight....8000.00.....Reiterates
05 Jun 17...JP Morgan Cazenove....Overweight....8300.00.....Retains

Barclays says target price £80 and JP Morgan says £83.00

So take your pick and your chance.

[christh] 21/7/2017 09:57

it should start a momentum to run to £73.
I think the have not got stock or they are waiting for someting.

It should test £70.80 today in my opinion.

This is the latest price
$1247.33 +2.24 (0.18%)

It should test $1250 and then head upwards.

The US$ is falling dramatically and this will boost gold.
Likely to see Rangold around £77-£80 sooner or later.

[stewart64] 21/7/2017 08:56

Seems to me the Market is getting more demanding and wants things perfect before it will boost Rand. Gold on an uplift, knocking on the door of $1250 and the share is struggling to hold £70. Six months ago that would have been £75.