Randgold Resources Share Discussion Threads

[juju44] 23/2/2018 14:16

its double bottom now or run for the hills

[bonio10000] 22/2/2018 12:58

Yep - I like Trump

But he is no fiscal hawk.

Add in the $1.5trn for infrastructure and the FED releasing $10bn (rising to $30bn) per month in bonds back into the market and they are going to need a hell of a lot of buyers.

That will be tough when a small move in bond rates will destroy a lot of capital. As it is, the recent rate rises will have lost a lot of people a lot of money.

Oh - and multiply that by the ECB, the BOE etc.

It's all rosey.

[action] 22/2/2018 12:36

Ps Trump likes debt like no tomorrow. Lol.

[bonio10000] 22/2/2018 12:16

There is a horizon for sure.

We saw it in Europe, Argentina etc.

The US is already up to 100% debt to GDP and increasing by $1trn p.a.

Who is going to keep buying US 30 year treasuries for 3% p.a. with the inherent risk of exchange rate losses?

At some point rates on that will rise, the FED will end its rate rises and monetary tightening and gold is to the moon whilst the USD devalues.

[action] 22/2/2018 11:50

US Debt problem were high lighted in 1992 if I can remember correctly. Now no one talks about it. Hence more chance for it to happen. also Gold normal cost to dig out is appx 1100 to 1200 USD

[bonio10000] 22/2/2018 11:46

I don;t hold gold to make a quick buck.

But....it will happen.

If not in my lifetime, I won;t have lost out anyway.

[action] 22/2/2018 11:33

Don't they Say "when you least expect it will happen" - Black swan event.

[juju44] 22/2/2018 09:00

Come back in 10 years

[bonio10000] 22/2/2018 08:45

The very act of the FED hiking rates will create the run on the dollar (the interest on the debt will explode) and the recession than will necessitate a drop in rates, a suspension of the planned quantitative tightening and probably QE 4.

They are going to need to sell massive amounts of debt plus all the debt on the FED balance sheet that they want to release back into the market.

Rates will rocket to accommodate this and screw the US economy and the USD.

Mind you - I hold gold stocks and not just RRS. So it is irrelevant to my long term view what Congo does or the price does here or there.

Once the USD index hits 70, Gold will be about $2000.

[bonio10000] 21/2/2018 13:45

I wouldn't worry - the US deficits are getting to the point where gold rises will more than compensate for any additional payments.

[84stewart] 21/2/2018 13:33

according to glencore they will take DRC government to court if they don't drop proposed change ,would love to see how that plays out.

[84stewart] 21/2/2018 08:13

Just saw glencore results v v good, but not good as a bargaining tool with DRC government IMO.

[84stewart] 21/2/2018 08:00

As of 22:00 gold down $6.75

[professor pettigrew] 20/2/2018 22:03

You'll see £54 here before £74.

And I say that as a holder of over 3,000.

[professor pettigrew] 20/2/2018 22:02

With gold down a further $25 this evening, I'd like to know what happened to the "nailed on" £74 here then Christh?

[chinese investor] 20/2/2018 16:35

"Michaels",
Do you come from a long line of Congo dancers ?

[michaelsadvfn] 20/2/2018 16:30

I foresee RRS @ £100 and gold @ $1500 by summer 2017

I am never wrong.






...but the question is who am I?

[boraki] 20/2/2018 16:17

I agree, we need guidance here

[84stewart] 20/2/2018 10:53

Yes should give investors some guidance as to the state of play with regards DRC it should have been settled one way or the other, looked on glencore web site nothing, markets are expecting miracles, 25% seems to be nothing for a rise in profits.

[boraki] 20/2/2018 10:19

This is absolute torture,,,,,,,,,,,

[juju44] 20/2/2018 09:45

Its double bottom or smash now

[christh] 20/2/2018 07:21

GCc1 - 100 OZ GOLD C2
Last Trade......Price Change
$1,321.20.........+8.100

Bid/Ask.....................High..............Low
$1,321.30/$1,321.90.....$1,323.800.........$1,321.200

[christh] 19/2/2018 16:51

DATE UNDERLYING TECHNICAL ANALYSIS
19 February 2018 FTSE 100 The bearish trend can resume
19 February 2018 DAX 30 The bearish trend can resume
19 February 2018 WTI Crude OIL The bearish trend can resume
19 February 2018 GOLD The movement remains bullish
19 February 2018 EUR - USD Indecision reigns