Randgold Resources Share Discussion Threads

[redbaron10] 13/10/2017 06:47

The real scary part is that because of QE and markets pretty much dictating to Yellen and the Fed the direction of monetary policy (after the taper tantrum,it so unnerved the Fed due to the market reaction that they now tell markets what they're going to do in advance) the market big money men hold complete control on market direction.We don't have a properly functioning free market anymore.Ok,there have always been vested interests influencing and directing markets,but not like this current situation.Every asset class and investment is being manipulated to the advantage of big money.It will all change soon.The Chinese and Russians are already turning away from dollar denominated assets and using their own currencies in oil trading for example.The time of the dollar being the global currency in which all commodities are priced has a self life now.The point about unfunded pension liabilities going forward is the crucial one for investment decisions.The West is,as you say,becoming moribund like Japan.China and India are becoming the economic powerhouses now.The US still has the advantage in tech and the internet of things but they will be caught up in time.

[bonio10000] 13/10/2017 05:48

Of course tax cuts mean bigger deficits too. They are not cutting spending and bigger deficits mean a weaker dollar. For example, Ivanka wants paid parental leave and they want to waste 1trn on infrastructure projects not needed. They think economic growth will cut the debt to GDP ratio, but debatable. It's all a risk.But ultimately we all know the West is screwed from socialist policies. USA owes 20trn....but we ignore the 200trn in unfunded liabilities. Pensions etc. Slowly states are going bust one by one.At some point interest rates will rise to reflect the risk in holding the dollar and/or they will need to inflate away the currency/debt. Both collapse the economy and bullish gold.I'll throw in a gold backed yuan/rouble currency as a chaser. That changes the game.The narrative is the same as it ever was. They can't raise rates and the west is now Japan. As always, timing is the issue as to when it all kicks off.Would I want to be stuck in overpriced stocks, overpriced cryptos, over priced bonds? Nope.

[redbaron10] 13/10/2017 04:55

bonio10000....i agree,the tax reforms are debatable now after what Trump has done to Obamacare.Even if there is repatriation of money by companies from overseas,a cut in corporation tax and some personal tax reforms,they are going to be watered down from initial proposals.To get these tax reforms there needs to be an agreed vote on extension to the US budget deficit in December and some Republicans have vowed that they will not let the debt ceiling expand any higher.These tax reforms have to be paid for from somewhere,the money saved from Obamacare goes some way to off setting the proposed tax cuts,but not enough.Need to see pog over the psychological $1300 barrier.Important CPI and retail sales data out of the US today.As long as 10-year US treasury yields stay around 2.3% and not climb much higher into the proposed December Fed rate hike,that would be a bonus.Still uncertainty about that.Who's going to be next Fed chairperson,when Janet Yellen's tenure ends Feb 2018? Unwinding of the trillions of dollars of assets over time from the Fed's balance sheet.....N.Korea or now Iran providing geopolitical uncertainty.The explosion in cryptocurrencies like Bitcoin.....now there's a bubble growing.All now depends on the dollar and its relevant strength.Higher or lower?

[bonio10000] 13/10/2017 04:27

Economic data falling over and chance tax reforms won't pass.

[redbaron10] 12/10/2017 12:25

Well well well.What is going on with the mighty US dollar? Everyone expecting a Fed rate hike in December,and yet we see relative weakness in the dollar.The euro/dollar trade appears to have more long euro positions now.

[redbaron10] 11/10/2017 11:40

India has reported catching 11 smugglers with gold secreted up their rectums.I don't know where to begin regarding any thoughts on this story.Firstly i hope we're not talking bullion bars here.If not bars,then one has to assume they were coins.Gives a whole new meaning to putting coins in the slot!

[bonio10000] 10/10/2017 10:12

US NFIB Sep Small Business Index 103.0 Vs 105.3 In Aug

[boraki] 09/10/2017 14:48

We need the Dow to tank

[bonio10000] 09/10/2017 10:50

USA and Turkey kicking off.

NATO implications I would assume - although why you would want Turkey anywhere near your defence I have no idea.

[redbaron10] 09/10/2017 10:04

Looks like there are some Chinese gold buyers back.The US 10-year yield has popped in September,with a stronger dollar in anticipation of a Fed rate hike in December.There is over a 90% Fed funds futures probability now priced into the market of a rise in December.Now that we know what to expect,it should help in predicting a little bit the USd index,pog and the 10-year US yield.Any negative economic data,or further uncertainties in markets will help us here now.

[bonio10000] 06/10/2017 07:02

All in GBP doing wonders for USD/CAD denominated miners.

[redbaron10] 06/10/2017 06:56

US job numbers today.Because of the recent hurricanes the numbers are expected to be a little distorted.The key data will be hourly earnings and any wage inflation signs.Fed funds futures are at a 80% probability of a Fed rate hike in December.I have my doubts because of the debt ceiling vote by Congress that month,plus the uncertainty around who will be the next Fed chair.Today is quite important for setting the pog trend going forward to the end of year.Monday will also see the end of the China holiday and a return of the Chinese buyers hopefully to the gold market.

[boraki] 05/10/2017 11:17

All quiet on the western front

[return_of_the_apeman] 02/10/2017 06:56

H&s on chart and gold broken down through 1280 next stop 1260 dyor

[redbaron10] 01/10/2017 15:04

Trump tells Rex Tillerson not to waste his time on talks with N.Korea.Trump says he knows what needs to be done.....There's no sign of deescalating this nuclear weapon issue.

[adejuk] 29/9/2017 15:02

i don't care about the daily fluctuations, though i trade them.
long term at this share price it's a no brainer

[boraki] 29/9/2017 08:46

Yep, all in @ 7360

[evianone] 28/9/2017 20:05

agree bought some today hope your right action :-)

[action] 28/9/2017 15:56

This onr must be a hold at least for one month of October as a insurance policy against stock market volatility and not to forget geopolitical tension

[foxy22] 27/9/2017 14:04

Well hoping for rally because i have had enough....fools gold

[arja] 27/9/2017 14:02

yes , off about $6 in last 2 hours and chart support is about $1260 but mightb be a mini rally before it gets that low .

[foxy22] 27/9/2017 13:26

Collapsing...gone south