Randgold Resources Share Discussion Threads

[lovegod2] 24/8/2015 21:20

ha..am past caring now

[careful] 24/8/2015 20:46

rrs down 5.5% in USA right now.

[mike24] 24/8/2015 20:24

MW gold settles lower, metals slide
liquidation by some hedge funds on margin calls
but Chinese demand for metals remained robust in july

2/9 MW gold looks riskier than stocks

[lovegod2] 24/8/2015 10:34

It broke 1160 on friday

[hpcg] 24/8/2015 10:18

Doesn't gold have to break 1160 first? And then 1200? Then why not own a REIT or utility which pays a divi. I was almost tempted to short again here but there are safer opportunities elsewhere, though gold will retrace to 1140 and this will ht the share price as that happens.

[lovegod2] 24/8/2015 09:18

Bloomberg talkin head now saying if the Fed doesnt raise rates this year then no raise for another 2 years. That would see gold going towards $5000...Hmmm pure fantasy ? Not so sure anymore...

[mike24] 24/8/2015 08:33

re-tracing, cash is king as always
why hasn't G taken off, to-day of all days?

[milliecusto] 24/8/2015 08:04

Are we seeing the flight to gold again. .

[milliecusto] 21/8/2015 08:16

Nice buying today so far,i see someone chucked 28k at the bell,must be positive

[gucci] 20/8/2015 22:53

Are we heading for 5000p again?

[kirk2] 20/8/2015 14:50

exciting times ahead, gold about to go into orbit

[gucci] 20/8/2015 09:16

Back up

Heading towards 5000p

[abc125] 13/8/2015 23:41

Yep, I also skimmed a bit of abx on the short side today. This should fall hard when gold breaks. However, I expect we could see a little uptrend in miners. I took out a long spread bet on gdx at the close.

[hpcg] 13/8/2015 19:44

Skimmed a few off Barrick. With a bit of chart overlaying it looks possible to catch a turn on ABX before NEM before RRS. Anyway flat again as this looks like a normal retrace and not a short term trend change. However weak fundamental demand as outlined by the WGC tells us the mid term direction.

Unfortunately I only made pounds which I can spend on things in shops and not real money :(

[hpcg] 13/8/2015 14:18

Apart from people who bought during than handful of spikes below 4000 as seen in the chart on the header every single person who has bought and held shares to now has lost money. The derisory dividends do almost nothing to alter that.

You may not have noticed, but we aren't shorting when the price is going up. Difficult to lose money without a position.

[abc125] 13/8/2015 14:03

Who's lost money?????????

You?

I've been shorting PM's for several years. Have a look at the two year charts of fres,pog,hoc,abx,nem, poly...etc, go ahead, take your pick, and tell me who has been making money and who's been losing money.




If gold keeps spiking to the upside, good luck to the gold bugs, but i will have my stops in place.

[abc125] 13/8/2015 11:57

Barrick has been downgraded to one above junk by moody's. I'll be looking to get a big short on once the gold rally has fizzled out.

[abc125] 12/8/2015 21:51

Agreed hpcg, I'm looking to reload shorts by the end of the month. The commodity bear is far from done IMHO.

[hpcg] 12/8/2015 16:01

abc125 - I've been busy so should have said I closed my shorts both here and Barrick when Gold popped above 1100 on Monday. I took a bit of a hit on the final positions but overall a very good trade worked many times over.

Assuming gold is able to close above 1120 It looks me like it either goes on to test 1160, or does some sort of Fib retrace in that direction. To me this just looks like shorts closing. The short side became a very busy trade - the tell tale being the amount of coverage CNBC were giving to the downside potential. I don't think this any return to gold buying so it sets up a nice opportunity to short again once gold resumes its downtrend.

[careful] 12/8/2015 15:33

good to see at least one digger going well today.
last weeks report stating $684 /oz cost with no debt was reassuring.
one to hold in an unstable world.

[lovegod2] 11/8/2015 09:33

Not till end November when gold should be around 1300

[abc125] 11/8/2015 09:01

the short squeeze i feared. any one got some upside targets for re-shorting?

[mike24] 11/8/2015 08:50

spike might hold this time round,
currency depreciation is as costly as high inflation
pensions/savings take another hit, long term debt gets cheaper
can china avoid a hard landing?
or is china planning another devaluation?

whats happened to Germanys gold, are they ever
going to get it back ?
dyor

[cricklewood] 07/8/2015 06:38

Are they still paying a divi here ?