Randgold Resources Share Discussion Threads

[mallorca 9] 17/8/2018 14:22

I'm now in.

[philanderer] 17/8/2018 14:03

Indeed F 😊

[fangorn2] 17/8/2018 13:49

Clucking bell springs to mind Phil :)

[philanderer] 17/8/2018 13:43

Down today even with gold flatlining :-S

[redtom1] 17/8/2018 11:01

Action, agreed that RRS operates in very sensitive and difficult countries. Obviously this could have an adverse impact on RRS irrespective of the price of gold. I was more referring to the share price impact of the fall in Gold assuming other factors are consistent.

[action] 17/8/2018 10:41

redtom1

RRS has got one more problem. Too much concentration in Congo. Heavily reliant on Congo.

[redtom1] 17/8/2018 10:38

In my humble opinion this is going nowhere near the £30s. We may not have quite seen the bottom yet, but I struggle to see gold and therefore RRS falling too much further.
I suspect that we may we £48, £47 or even £46 touched this year but not the extreme falls suggested here.
This is a brave buy for those with spare funds and you will be rewarded (eventually)!

[chinese investor] 17/8/2018 10:29

How many bars ?
A few too many I feel !

Professor Pettigrew (RRS) 01 Dec 2016 - 00:05:31 (around midnight)
Of course, anybody thinking of buying gold would buy at these levels, and buy and keep the physical, ie gold bars and coins.
Never has an opportunity to accumulate life-changing wealth been presented as of now.

[action] 17/8/2018 10:23

3990, 3600, and 3300 in worse case scenario. Fill your boot below 3900.

[philanderer] 17/8/2018 10:03

If we're lucky , 3990p looks to be the next chart support now. Hey ho , it's only money 😊🍻

[chinese investor] 17/8/2018 08:36

Surely we're not visiting fortyville ?

[philanderer] 17/8/2018 00:52

Yes, definitely possible to retrace to december 2015.

[philanderer] 16/8/2018 21:02

Down the toilet stateside ,closing at 4935p

[philanderer] 16/8/2018 00:14

'The case for buying gold miners as the group sinks to 20-month lows'

[philanderer] 15/8/2018 21:02

Just about holding on to 5000p in the US.

[philanderer] 15/8/2018 20:47

Thanks henry , fwiw the chart is also pointing to 4000p

[philanderer] 15/8/2018 19:14

Market report:

“Gold’s accelerating slide may seem all the more surprising," said Russ Mould, investment director at broker AJ Bell, "since it is seen by some as a haven in times of strife and could therefore be a possible beneficiary of wider concerns over Turkey’s woes and their possible impact upon emerging and financial markets more generally.

“However, one powerful force is working against gold and that is the dollar. Like most raw materials gold is priced in dollars, so if the greenback goes up then the precious metal becomes more expensive to buy in local-currency terms, potentially dampening demand."

[astute person] 15/8/2018 14:50

We need one of the Professor's futile posts.

He almost certainly has been quietly accumulating and he must have near 5,000 by now.

[philanderer] 15/8/2018 13:38

[ 15 Aug 2018 12:30 ]

WASHINGTON (Alliance News) - Gold prices fell to their lowest since January 2017 on Wednesday as continued uncertainty around Turkey's economy helped lift the US dollar to a 13-month high against major currencies.

A slew of factors such as strong US economic outlook, a financial crisis in Turkey and expectations of faster rate hikes have boosted demand for the greenback as a safe-haven asset.

The dollar is also benefiting from more weakness in euro amid increasing concerns over the European banks' exposure to Turkey.

Spot gold was down 0.80% at USD1,184.20 an ounce while US gold futures were down 0.74% at USD1,191.80 an ounce.

Gold has fallen about 9% this year, failing to capitalize on its role as a hedge against rising inflation and global uncertainty.

[philanderer] 15/8/2018 11:51

Check it out against the turkish lira 😊