Randgold Resources Share Discussion Threads

[stevedaytrader] 09/2/2018 09:48

Hi Boni10000- not sure what you mean? Gold was took 6months to get back to where it was before the crash in 2008, 1900- took years. Anyway, I don't buy gold anymore, just the mining stocks. RRS was the the best to recover I agree, but FRES, CEY took ~6months, and the likes of HGM have never hit the pre-2008 high. Of course, there were other factors in play at the time, but I do not want a crash, I wouldn't have the stomach for it and my age and would probably have to get a day job after all my investments crashing.

[84stewart] 09/2/2018 09:38

this could go positive if MMs disappear

[bonio10000] 09/2/2018 09:14

??

The markets tanked in 2008 and what happened to gold?

It was about $1900

[stevedaytrader] 09/2/2018 09:06

Ooops replace "not tanking" with "tanking", to state the obvious.

[stevedaytrader] 09/2/2018 08:51

FED hike is hopefully priced in, although probability has been reduced, but only slightly. I have always shorted RRS, and well- got caught having bought in just before the results, but then Congo announcemen. Took a hit and sold some at 6,590 to go back to more balance. Didn't expect the tank, this was a perfect storm for RRS- biggest hic-up in ages on the markets + congo at the same time + gold not tanking as US dollar strengthened. I do not see falling much further on Congo news, which is now factored, especially with some sanity news on a small big of profit loss, but still great fundamentals. Gold doesn't know what to do at the mo, don't want the markets to tank, we'll get hit that way, need nuance change, less in bonds in US etc. Then momentum in gold, but gradual.

[bonio10000] 09/2/2018 08:23

They might get one more in - but if the market has a disorderly decline they will have to stop.

Once they signal that - gold will be above $1,400 within a few days and then more.

The US economy has $20trn in debt, is adding $1trn a year and has record personal, student and car loans.

It simply cannot cope with sustained rate rises.

From that QE 4 will follow, as the US will stuggle to find buyers for the bonds and the bonds the FED is intending to sell back into the market.

Simples.

[84stewart] 09/2/2018 08:20

Looks like fed Will hike interest rates sooner rather than later, but that has been factored in and $ will rise, cant see them hanging fire

[bonio10000] 09/2/2018 07:56

The USA problems are the reason gold will rise. Gold should be inversely correlated to the USA tanking in the long term.The USD will have to weaken, which is massively bullish for gold.

[professor pettigrew] 09/2/2018 07:55

Hey "Joy Division". Like to say that to me personally?

You'd look rather strange minus a head.

[bonio10000] 09/2/2018 07:53

Yep. Let's wait for the stock market to tank and the FED to cancel rate rises. Dollar will tank, gold will rise substantially. We should be in the last throws of that game with bond rates rising.

[izztre] 09/2/2018 07:38

Agreed the article said 10m top end of the 335m profit. Which we know is rising

[84stewart] 09/2/2018 07:15

10m looks alright I expected more ,just have to get past USA problems then short start to move higher ?

[bonio10000] 09/2/2018 06:55

Last year they made 300m.With the production increases, should be covered.

[bonio10000] 09/2/2018 06:23

https://www.moneyweb.co.za/news-fast-news/randgold-could-lose-10m-a-year-under-proposed-congo-mining-code/Small potatoes.

[fez77] 08/2/2018 22:13

Keep the faith everyone. This will come back. Just the wheel turning as it always does - over and over. A solid company with solid profits and no debt, offering a good meaty dividend. What's not to like in the long term.

[sabzahmed] 08/2/2018 21:24

RRS in US (GOLD) down just 0.5% v DJI down 4%.... compared to the market that's a strong finish so I expect a decent day tomorrow? Maybe the fall is over... fingers crossed

[stevedaytrader] 08/2/2018 13:44

I tend not to post here, but more on another gold stock forum I had- but just in case this is useful- my post: Carney speech and q&a now finished from
Carney- big gain on gbp to dollar and gold up from 1307 from before speech to 1314 now- good speech imho but all take from it what you will- worth a listen though if u get time. Of course it could be argued gold price had nothing to do here but not gbp gain on dollar which is clear.

[chinese investor] 08/2/2018 12:09

Imminent !

Chinese Investor (RRS) 6 Feb '18 - 07:04
Sub 60 Soon !

[stewart64] 08/2/2018 11:54

Seems to me that Congolese operations accounted for about a third of activity in 2016. Would seem to me that the actual proportion is the crux of the issue...unless the market is spooked by contagion to the other third world republics. Anybody got an exact percentage on the Congo?

[amelia airhead] 08/2/2018 11:21

Professor Pettigrew is a nutter.

[84stewart] 08/2/2018 10:53

I see someone forked out close on £6mln for these brave person/people at this times though crossed my mind a share buyback would be possible.

[chinese investor] 08/2/2018 10:15

So no 17% return in the last 12 months then ?

Professor Pettigrew (RRS) 5 Dec '16 - 01:34
I like to divide the Pettigrew family wealth, 50/50 between physical gold and stocks like RRS.
That isn't to say I don't have £100,000's of investments in other stocks, but gold comes first, just ahead of obvious bargains such as LEG.
The Pettigrew fortune is just over £2,445,954 at the time of writing, around a 17% return in the past 12 months.
Suck on that trolls.

[professor pettigrew] 08/2/2018 10:13

The Congolese problems could really knock these below £50 in the medium term.

All to play for there, but looking more like a binary bet.

I continue to keep my holding as the income comes in handy, but share price growth is completely off the agenda for now.

Christh - I suggest you go back to school and do your sums as well as your research.