Randgold Resources Share Discussion Threads

[stewart64] 17/7/2018 08:28

Don't know how savvy the Tongon miners are but they have only three years reserves left. Makes sense that they push for the max now because this will be the only decent job most of them will ever get.

[chinese investor] 17/7/2018 08:10

I sense £50 soon !

[stewart64] 17/7/2018 07:29

Striking mine was 22% of Company output in 2017. But no panic yet.

[philanderer] 16/7/2018 22:32

Randgold: Workers Go On Strike At Tongon Mine
Monday July 16, 2018 09:20

Randgold Resources (Nasdaq: GOLD; LSE: RRS) reports that workers at the Tongon mine in the Ivory Coast have gone strike after government-led negotiations failed to bring about an agreement. “Management continues to engage with the authorities and the unions to resolve the situation,” the company says. The Tongon mine produced 288,680 ounces of gold in 2017, with 290,000 projected for 2018, according to Randgold’s website.

By Allen Sykora of Kitco News; [e-mail]

Telegraph market report...

Gold miner Randgold Resources admitted that talks with workers to resolve a labour dispute at its Tongon mine in the Ivory Coast had broken down but its shares held at just a 10p loss, at £54.70.

[philanderer] 13/7/2018 22:16

5450p close in the USA

[chinese investor] 13/7/2018 13:37

Davey,
Are you taking advantage of the amazing weakness now ?

Once-A-Weak Professor (RRS) 30 Mar 2018 - 13:09:08
During the past two weeks, I have been taking advantage of the relative weakness in price here and have accumulated a further 450 shares, between £57.25 and £60.25.

[action] 13/7/2018 10:46

5000 should be near botton i.e 4800p

[philanderer] 13/7/2018 10:22

At this rate 5000p is on the radar ;-)

[action] 13/7/2018 10:19

5400p on the radar?

[philanderer] 13/7/2018 09:56

Gold still sliding away today .. $1240 not looking like support at the moment.

[christh] 13/7/2018 09:11

£57 next week.
Troubles with Trump imposing tarrifs to Europe, China and the rest of the World will create uncertainty in the economy and cause the US$ to tumble.

Randgold is at bargain prices.

[christh] 13/7/2018 09:07

Gold Prices Edge Higher Amid Trade Concerns, Mixed Economic Data

New York (July 12) Gold prices edged higher nearing midday trade on Thursday, snapping a two-day losing streak, amid continuing concerns over trade and mixed economic data.

At 11:31 AM ET (15:31GMT), gold futures for August delivery on the Comex division of the New York Mercantile Exchange gained $3.40, or 0.3%, to $1,247.80 a troy ounce.

Traders commented that gold was getting a lift from some of the trade tensions as market participants looked for a safe-haven investment.

On Wednesday, the U.S. threatened to impose tariffs on an additional $200 billion worth of Chinese goods. China said on Thursday that the two countries have not been in touch about restarting talks and while it does not want a trade war, it would fight if necessary.

On the economic front, the consumer price index ticked higher in June, according to data released on Thursday, with core inflation also continuing its upward trend.

While supporting the Federal Reserve’s current plan to gradually increase interest rates, the data did not tilt towards the idea that the central bank would have to pick up the pace.

Higher interest rates tend to weigh on demand for gold, which doesn’t bear interest, in favor of yield-bearing investments.

Weekly jobless claims served to confirm the current strength of the U.S. labor market, with the 214,000 reading at its lowest level since early May.

Meanwhile, the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed with no impact on the dollar-denominated precious metal.

Still ahead, Philadelphia Fed President Patrick Harker and Minneapolis Fed chief Neel Kashkari have separate appearances that investors will keep an eye on for any perspective over the economy and monetary policy.

In other metals trading, silver futures rose 1.1% at $16.000 a troy ounce by 11:38 AM ET (15:38GMT).

Palladium futures advanced 0.8% to $944.80 an ounce, while sister metal platinum traded up 1.5% at $847.10.

In base metals, copper gained 1.4% to $2.783 a pound.

Investing.com

[christh] 13/7/2018 09:04

August gold closed higher on Thursday.
The high-range close sets the stage for a steady to higher opening when Friday's night session begins trading.
Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term.
If August renews the decline off April's high, the 75% retracement level of the 2016-2018 rally crossing at 1213.00 is the next downside target.
Closes above the 20-day moving average crossing at 1262.80 are needed to confirm that a short-term low has been posted.
First resistance is the 20-day moving average crossing at 1262.80. Second resistance is the reaction high crossing at 1274.40.
First support is the 62% retracement level of the 2016-2018 rally crossing at 1242.20.
Second support is the 75% retracement level of the 2016-2018 rally crossing at 1213.00.

[chinese investor] 12/7/2018 08:12

When is this going to end ?

[citytrader66] 11/7/2018 17:47

gold may be heading for c.$1215 if 1236 breaks. more pain ahead for holders here. thoughts on direction of gold price? getting hit today by the rising USD me thinks.. same with price of oil.

[wrestlingmad] 11/7/2018 15:49

What are your thoughts Professor?

[philanderer] 11/7/2018 12:15

Dog of my portfolio today :-S

[citytrader66] 11/7/2018 10:20

i get a feeling this won't bounce today but go much lower.

could be a buy once price of gold hits $1236 (Dec '17 low).

[philanderer] 11/7/2018 08:48

11th july RBC Capital underperform tp 4900p

reiterates

[chinese investor] 11/7/2018 08:14

David's full of fiscal acumen !

Professor Forecast (RRS) 01 Mar 2018 - 18:58:26
Gold is heading below $1300.
RRS is heading to £54 and below.
And don't forget I hold 3,000+ of these.

[philanderer] 10/7/2018 12:00

Below $1250 again , very weird :-S

[chinese investor] 10/7/2018 09:54

This should not be happening !

[philanderer] 09/7/2018 14:46

At least the gold price is moving in the right direction today :-)

[christh] 09/7/2018 05:31

Back to £60~£65 as China and the rest of the world fight Trumps tarrif charges
It will put so much pressure on the US$ that all will be running for gold safety.
So Buy gold

[philanderer] 06/7/2018 21:24

5725p US close