Randgold Resources Share Discussion Threads

[christh] 21/7/2017 08:25

Gold Price Hits 3-Wk High, Lifted By Dovish Draghi, Depreciating Dollar

New York (July 20) Gold prices were ending the U.S. day session moderately higher and scored a three-week high Thursday.
The yellow metal was supported by surprisingly dovish comments on European Central Bank monetary policy by ECB President Mario Draghi, which in turn helped push the U.S. dollar index to a new 10-month low.
August Comex gold was last up $3.70 an ounce at $1,245.70.
September Comex silver was last up $0.058 at $16.355 an ounce.

Featured in the marketplace Thursday was the European Central Bank meeting that left its monetary policy unchanged. However, ECB President Mario Draghi at his press conference after the meeting sounded a surprisingly dovish tone on money policy, suggesting the ECB has made no plans yet, regarding rolling back any monetary policy stimulus measures. Draghi said the ECB will continue to examine EU economic data for guidance. Draghi had recently hinted he was ready to roll back some of the ECB’s easy-money policies. His comments today dashed those notions.

In overnight news, the Bank of Japan at its latest monetary policy meeting Thursday scaled back its inflation expectations to suggest its easy-money policies can remain in place longer.

Recent world economic data has suggested price inflation remains relatively subdued, after it perked up a bit a few months ago. Such hints that the world’s central banks, including the U.S. Federal Reserve, can take a very slow approach to rolling back their stimulatory monetary policies. Recent comments from Fed Chair Janet Yellen to the U.S. Congress were also deemed as favoring the dovish side of U.S. monetary policy.

The other important “outside market” on Thursday saw Nymex crude oil futures slightly lower and trading just below $47.00 a barrel. Still, recent upside price action suggests a market bottom is in place for oil. However, my bias is that crude oil prices will remain trapped in a choppy and sideways trading range between $40 and $50 a barrel in the coming months.

Technically, August gold futures prices closed nearer the session high today. Prices also scored a bullish “outside day” up on the daily bar chart today. While the gold bears still have the slight overall near-term technical advantage there are chart clues that a near-term bottom is in place.
Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,260.00. Bears' next near-term downside price breakout objective is pushing prices below solid technical support at $1,200.00. First resistance is seen at today’s high of $1,247.20 and then at $1,250.00.

KitcoNews

[christh] 21/7/2017 08:06

Summary -Last night Closing report
---------------------------------------
The Dow Future is down 17 points to 21579. The US Dollar Index moved lower 0.530 points to 94.266.
Gold has climbed 4.595 dollars to 1243.500.
Silver is trending higher 0.0590 dollars to 16.3025.
The Dow Industrials edged lower 28.97 points, at 21611.78, while the S&P 500 fell 0.38 points, last seen at 2473.45.
The Nasdaq Composite gained 3.84 points to 6388.88. Streaming charts of these markets are available 24/7 at MarketClub

[redbaron10] 20/7/2017 21:01

Dollar on the slide again.Amelia Airhead,your dad shouldn't be in bed with you,and i suggest you may be on the wrong discussion thread!! If you're discussing the prospects of Randgold's share price,that's ok though.

[christh] 20/7/2017 09:29

Next Event
Next interim announcement 03/08/2017

[christh] 20/7/2017 08:40

Last night report
------------------------------
Oil prices held steady, hanging on to gains made the previous session when falling U.S. crude inventories lifted the market

Gold finished a few cents higher, extending their streak of gains to a fourth session by a hair.

[amelia airhead] 20/7/2017 07:29

My dad is decent...he told in bed last night.

[chinese investor] 20/7/2017 05:08

I urge people to completely ignore Professor Pettigrew - he has a track record of attempting to destroy DECENT threads created for DECENT people - please don't help him achieve this.

[professor pettigrew] 19/7/2017 22:36

"Randgold Resources. A thread hosted by a troll for those stupid enough to follow him".

[chinese investor] 19/7/2017 13:02

Thanks christh !

Come On You Beauty !

[redbaron10] 19/7/2017 13:01

christh,good posts.cheers

[christh] 19/7/2017 10:13

The Gold Market Review
Florian Grummes
July 18, 2017

Market Update

It´s been a couple of tough days when silver experienced a flash crash and gold moved below its 200MA at 1,235 USD. But the incredible pessimism among basically all precious metals investors and analysts was a great contrarian signal.

Now gold and silver already do look better and I believe we might be right at the beginning of a multi-month bull run that could take gold towards 1,500 USD and silver towards 26,00 USD.

While the precious metals sector gets me excited these days the cryptocurrencies are to be handled with great care and skepticism. Obviously the wash out over the last couple of weeks is not over yet although some interesting opportunities do appear already. This recent bull run has been so massive that we have to expect a long and frustrating consolidation for the rest of 2017. But the crypto bull market is not over - it´s just taking a breather and some rest

[christh] 19/7/2017 09:18

Gold shining brighter

Gold advanced near 1’245 on Tuesday, then paused due to lower sovereign yields and better appetite in stocks.
The short-term bias in gold remains positive above $1’230 (200-day moving average).
The July rebound from the $1'200 support could extend to $1’247 (100-day moving average) and $1’250 (50% level on June – July decline).

[christh] 19/7/2017 08:57

News Report last night
Gold held steady, not far from the over two-week highs hit in the previous session, as the dollar crept up from multi-month lows even as fading prospects of a U.S. monetary tightening continued to pressure the greenback.

[redbaron10] 18/7/2017 19:57

US 10 year T-bond yields down nearly 2%,dollar index off 0.5%.Gold on the move up.Thankfully Fed speakers off on holiday soon, like everybody else, so should be quiet on that front until September.US health care bill in a mess,can't remember last reference i heard regarding the border adjustment tax so all quiet on the tax reform front too.The Donald wants a lower dollar exchange rate to stimulate manufacturing and more export demand to help his 'rust-belt' constituents,and he appears to be getting his wish! Meanwhile the pog should rise under these combined circumstances.That's the theory anyway.Should N.Korea want to keep testing out the viability of their ICBMs as they seem to want to do most weekends lately,then it all helps our cause here.With N.Korea's stance,and Mr Trump's uncertainties over US foreign policy,you have to have some gold insurance imho.

[chinese investor] 18/7/2017 13:42

Gold On A Charge !

[adejuk] 18/7/2017 09:57

yippee - we found gold! :-)

[chinese investor] 18/7/2017 09:50

£70 At Last !

[christh] 18/7/2017 07:27

The Biggest Opportunity Since 2015…And The Last Chance At These Gold And Silver Prices

[christh] 18/7/2017 07:27

Gold climbed and was likely to see further gains after the dollar slumped to multi-month lows on the back of data that pointed to weak U.S. inflation and dampened prospects for rate hikes.



Gold is trending higher 3.445 dollars to 1235.085.

[adejuk] 17/7/2017 14:08

you know she wants to.

[chinese investor] 17/7/2017 13:01

Looking Good !

[christh] 17/7/2017 08:41

TODAY
Gold rose as the dollar fell to multi-month lows following weak economic data from the United States that has diminished the outlook for aggressive rate hikes from the U.S. Federal Reserve.

Perhaps we could see a run to £80 and higher.
Safe haven for the dooldrums of the US$.

[redbaron10] 14/7/2017 22:32

Back in here 6810p.Dollar heading lower,political paralysis in Washington with Trump's administration in real difficulty.Even though a good US jobs number last week,economic data out today has removed the likelihood of any September Fed rate hike.Even a possible December rate hike won't happen unless US economic data improves.Still weak GDP figures coming out,low inflation because there's no wage inflation,poor productivity numbers(which seems a real issue in Western economies now).Despite the US stock markets at all time highs (still the result of QE and the asset bubbles it created) the US is still only a 2% growth economy nearly 10 years into the recovery from the global financial crisis.With ultra-low interest rates and only 2% annual GDP growth,that tells you everything is not healthy.Trump's minimum 3% growth target is a pipe-dream without tax reform.With the US fiscal deficit a real concern to some Republicans,i think these lazy,hazy days of Summer will see a little more appreciation for our yellow metal friend.

[astute person] 14/7/2017 14:11

Thank you USA.

[bonio10000] 14/7/2017 13:51

USA Retail sales falling over again.

The patient starting to be rewarded.