Randgold Resources Share Discussion Threads

[christh] 26/1/2018 13:09

Dollar falls, set for biggest monthly drop in nearly 2 years

London (Jan 26) The dollar fell more than half a percent against a basket of currencies on Friday as comments by senior U.S. officials this week backing a weak dollar reverberated through currency markets.

After U.S. President Donald Trump said on Thursday he ultimately wanted the dollar to be strong, the dollar pared some losses against major currencies, but it was on track for its biggest monthly drop since March 2016.

"The broader dollar decline story remains in place and, unless we see a substantial shift in expectations on future policy tightening in the U.S, the dollar will likely remain on the back foot," said Richard Falkenhall, a senior currency strategist at SEB in Stockholm.

Against a basket of six major currencies, the dollar last traded on Friday at 88.92 , after hitting a three-year low of roughly around 88.43.

Though comments on Thursday that he wanted a "strong dollar" contradicted earlier comments by Treasury Secretary Steven Mnuchin, investors suspect a protracted decline in the greenback may be likely. "While President Trump has since said that he expects the dollar to get 'stronger and stronger', it will be hard for Washington to put the 'weak dollar' genie back in the bottle," Viraj Patel, an FX strategist at ING in London said in a note.

In keeping with the rising theme of expecting more dollar weakness, UBS Wealth Management upgraded its six-month forecasts for the euro and sterling on Friday to $1.28, from $1.22, and $1.45 from $1.36 respectively. Some market participants are also concerned that Trump may encourage more protectionist policies at a speech in Davos around 1300 GMT and at his State of the Union speech next week, policies that may ultimately end up pushing the dollar lower.

Against the euro, the dollar's weakness was the most apparent, with the single currency up half a percent at $1.2493 and not far away from a December 2014 high of above $1.2538 hit on Thursday.

With European Central Bank President Mario Draghi declining to lean against the recent euro rally and instead signaling that economic data pointed to "solid and broad" growth, investors were encouraged to push the currency higher.

Draghi also said that the surge in the euro was a source of uncertainty and that the ECB might have to review strategy if U.S. comments on the benefits of a weak dollar lead to a change in monetary conditions. "Draghi's reluctance to offer any resistance to the euro means that euro/dollar is only set to rise more in the coming months," said Manuel Oliveri, an FX strategist at Credit Agricole in London.

Sterling briefly rose more than one percent to $1.4289 , but remained below its peak on Thursday of $1.4346, which was the pound's highest level since the Brexit vote in June 2016 as some investors turned bullish on the currency's outlook. Gross domestic product grew by 0.5 percent in the three months to end of December, faster than analyst expectations of 0.4 percent, official data showed.

[christh] 26/1/2018 13:07

Gold is now trading at $1350.9

[christh] 26/1/2018 13:05

expect to close at £72.30 or higher.

According to a big broker the signal is Bullish.

So I think we will see £73 next week.

[redbaron10] 26/1/2018 12:45

Trump speaking at Davos in a minute.Results Q4 Feb 5, so added at 7116.See what happens.

[christh] 26/1/2018 12:24

Commodities Summary.....Previous.........Change
Oil......................70.26...........+0.25
Gold....................1354.00..........+7.46
Silver....................17.44..........+0.14
LME copper 3MO $........7126.00.........-12.00

DATE...........UNDERLYING........TECHNICAL ANALYSIS
26 January 2018 FTSE 100........The consolidation can continue
26 January 2018 DAX 30..........The movement remains bullish
26 January 2018 WTI Crude OIL...Risk of correction under the resistances
26 January 2018 GOLD............The movement remains bullish
26 January 2018 EUR - USD.......The resistances are nearby

[redbaron10] 24/1/2018 15:08

With the USd and pog moves,you have to wonder what Trump is going to say at Davos on Friday.Treasury Secretary Mnuchin has already said a lower dollar is good for the US,if Trump is talking to his domestic audience back in the States and talks trade tariffs and trade wars etc then we could be sitting pretty here.

[christh] 22/1/2018 22:10

Gold Market Consolidates Near Important Levels As US Government Shuts Down
Stefan Gleason
January 22, 2018





We should see Randgold testing £75 sooner than we think

[christh] 22/1/2018 19:45

DATE UNDERLYING TECHNICAL ANALYSIS

22 January 2018 FTSE 100 The technical situation is largely uncertain

22 January 2018 DAX 30 The movement remains bullish

22 January 2018 WTI Crude OIL The movement remains bullish

22 January 2018 GOLD The bullish signals are intact

22 January 2018 EUR - USD The bullish signals are intact

[christh] 18/1/2018 13:05

bonio10000 4 Jan '18 - 19:53 - 450 of 452

sad person,useless,hopeless and stupid!

You should not be in this game if you can control your emotions.

[christh] 18/1/2018 13:03

Great opportunity to increase holding today.

[wisteria2] 11/1/2018 12:11

Another 10 dollars on the pog will push this to £75.GLA

[arja] 04/1/2018 17:01

just noticed RRS down today and gold price rocketing . Have not focused on gold stocks of late but does anyone know why RRS ignored the gold price today ?

[chinese investor] 02/1/2018 07:57

I'm now completely out !

[chinese investor] 29/12/2017 11:49

For The Record I've Been Quietly Accumulating !

[christh] 18/12/2017 10:22

remember Gold is safer than currency whether material or cryptocurrency.
Gold is forecasted to go beyond $1800 an ounce but also others say $2000 an ounce.

The certain is Randgold looking to hit £90 as some brokers insist like
Jefferies International and Numis while others say £80-£84

In 2-3 months will know if that materialises but at this price are dirt cheap to ignore it.

my target is £85 in 3 months time and maybe earlier.

[christh] 18/12/2017 09:49

Broker Forecast - Citigroup issues a broker note on Randgold Resources Ltd
05 December 2017 | 11:00 AM

Citigroup today upgrades its investment rating on Randgold Resources Ltd (LON:RRS) to buy (from ).

Story provided by StockMarketWire.com

[christh] 18/12/2017 09:04

LATEST UPGRADE
Date........Broker....Recommendation....New target price........Notes
15 Dec 17....Numis....Buy................£;90.00.................Retains

Well hopefully we'll see this in March or April 2018, about 3-4 months time.

[christh] 18/12/2017 08:40

Gold
Last updated: Dec 18, 2017 3:39 ET
Current price : 1257.25 1.69 (0.13%)

High: 1257.25

Low: 1255.37

Randgold edging higher to £70.20 as momentum is strong.
Buying opportunity for bigger gains in January.

I expect a rise of Gold price to $1300 not before long as it is in great demand
unlike bitcoin bubble.

[christh] 17/12/2017 21:01

Gold Is A "Buy"
Brian Bloom
December 17, 2017

It seems to me that the gold price is consolidating within a bull trend…and may be close to a bottom.


see here

[christh] 17/12/2017 20:58

Expect Much Higher Gold Prices In 2018

New York (Dec 17) Why a Skyrocketing Gold Price is Not Necessarily a Good Thing

Something very telling has happened over the last three days in the gold market.

"The last three days have reconfirmed by commitment for a much higher gold price in 2018. We are making higher lows for the year - the recent behavior made me nervous, but something very telling happened in the last three days," says longtime commodities trader Vince Lanci, founder of Echobay Partners.

Lanci noted he could see the metal hitting $1,700 an ounce or higher in 2018. If correct, his forecast would be an over $450 rally from the current level of $1,250 an ounce.


"On Tuesday we had a short covering rally. And Wednesday there was a 10,000 contract increase in December - that's very unusual, that is an over 2.3% increase in open interest," Lanci explained. The point Lanci stresses is that gold is now back in a "safe area" between $1,250-$1,275 an ounce. "The $1,700 call I believe in is going to come to fruition- [if gold gets] above $1,275 I will double down on a momentum bet."


Gold prices have dropped about 3% over the last month as investors bought more stocks in light of Trump's tax plan nearing completion. They hit a short-term bottom of $1,237 an ounce on Dec. 12.

[christh] 15/12/2017 13:51

More promising for Randgold
----------------------------------------------------
Dollar dips against yen on U.S. tax reform wrangling

London (Dec 15) The dollar slipped to a nine-day low against the yen on Friday, after wrangling in the United States Congress over a bill to change the tax code dented confidence that the reforms would be pushed through in their current state.

read it here

[christh] 15/12/2017 13:45

Wow Gold price is rising, it is now $1260.8 6.24 (0.49%)

High: 1261.88
Low: 1254.17

looks going up to $1280 by next week.

Randgold shareprice hitting £70.30 today and next week £74

[philanderer] 15/12/2017 11:07

Downgraded by JP Morgan from 'overweight' to 'neutral' ... tp 7100p cut from 8300p

[christh] 15/12/2017 09:06

Donald Trump's tax reform bill could struggle to pass in the Senate.

That means the US$ will fall substantially, so keep an eye on the movement of gold.
Randgold will rise to £78