Randgold Resources Share Discussion Threads

[demo trader] 29/8/2018 09:15

UBS has upgraded Randgold Resources to Buy, 6000p target.

[redtom1] 29/8/2018 07:11

Seriously? Why is it likely to rise 150p today alone? I hope you are right but that is ambitious unless Gold spikes up. Gold is down since yesterday so not a great start albeit the share price up a little. Good luck and fingers crossed!

[christh] 29/8/2018 07:04

closing at £52.80 today , in my opinion.
Gold in high demand...

[philanderer] 28/8/2018 20:05

Closing below London in USA @ 5090p .. gold struggling to hold $1200

[redtom1] 28/8/2018 10:43

And the closing prices on 9 Aug were $1213 and 5598p. Ummm..... food for thought

[redtom1] 28/8/2018 10:41

Got that slightly wrong. 10 Aug Gold was $1210 and share price was 5400p. So recovery looks even worse.

[redtom1] 28/8/2018 10:38

I wouldn't describe it as 'Great' but it is starting to move in the right direction. Ironically the gold price has recovered to where it was on 10 Aug but the share price has not recovered anywhere near the same amount(5300p).

This implies that sentiment is still quite negative. I would like to see Gold at 1250-1300 and the share price closer to 5500p. Not sure if that is going to happening in near future. Weak dollar would help.

[chinese investor] 28/8/2018 08:16

Looking Great !

[christh] 28/8/2018 08:15

Gold Prices drifted down from a two-week high,as the dollar firmed against yuan, making the precious metal expensive for buyers in the world’s biggest consumer China.
So we should see Gold climbing back up to US$1300

RRS will run back up to £55-£56 in the short term in my opinion.

[chinese investor] 28/8/2018 07:04

GO GO HORSEY !

[philanderer] 27/8/2018 19:53

5150p just before the US close ....... gold $1210

[philanderer] 26/8/2018 12:26

Is unloved gold a buy? Price tumbles below $1,200 as strong dollar deters its usual fans, despite market upsets like Turkey

[juju44] 25/8/2018 11:05

another one of these manipulating gurus that lose the lumpen their hard earned

[henryxx] 25/8/2018 09:54

Hi Guys - do take time to listen to Tim Wood's podcast(23/8/2018) on Howestreet.com.
Following informative comments with regard to Gold:-
Gold is tracing out a 9 yr cycle - commencement date Dec 2015 low. Top of the cycle already in - late June 2016 $1360- therefore over the next 5/6 yrs gold wil1 continue to go down in trending terms. Along the way there will be short term/intermediate counter trend rallies some of which will be convincing(ie people will think gold has entered a bull market). The implication of this is that if you hold for the long term you will lose serious money.
Now he does not have a crystal ball but he is worth paying attention to.

All the best.

[philanderer] 24/8/2018 20:18

5110p US close.


'US Fed chair Jerome Powell backs cautious path on rates'

[philanderer] 24/8/2018 16:33

Gold busting up through $1200 👍

[philanderer] 24/8/2018 12:00

Donald Trump rails at rate hikes, but his trade war will curb Fed action

[philanderer] 23/8/2018 16:06

Interesting RNS...

Kinshasa, DRC, 23 August 2018 - Mining companies accounting for 80% of copper and cobalt production and 90% of gold production in the Democratic Republic of Congo have established a new body, the Mining Promotion Initiative (MPI), to engage with the government on industry concerns about the country's new mining code and any other material issue concerning the mining industry in the DRC.

[fangorn2] 23/8/2018 15:25

Gold must surely catch a serious bid soon if this article is anything to go by.


Credit bust approacheth I suspect.

Myrmikan Research
August 16, 2018

An interesting read.



"Bailing out the investment class transfers wealth from the prudent
and conservative to the profligate and reckless, encouraging them to do it again on a larger scale"

Precisely what has happened since QE

"How, then, will Turkey pay the $429
billion it owes to foreigners ($224 billion of which is held by international banks)?"


Holy moley, didnt realise it was this bad.

[redtom1] 23/8/2018 14:41

Maybe I should revise my comment to short lived dip. Now recovered all of the earlier losses and showing a modest gain. This stock is so damn volatile!!

[redtom1] 23/8/2018 07:08

Short lived rally. Back under £50 again and Gold under pressure this morning.
Thought we had bottomed out but the speed of the drop indicates how fickle and nervous RRS investors are.

[philanderer] 22/8/2018 17:06

Gold miners Fresnillo and Randgold Resources closed up 1.8% and 1.0% respectively, tracking spot gold prices higher.

Gold was higher quoted at USD1,195.95 an ounce at the London equities close against USD1,189.10 late Tuesday. The precious metal touched an intraday high of USD1,201.41 in afternoon trade, its highest level in a week as the dollar weakened.

[fangorn2] 22/8/2018 14:20

@Phil.

Spot on.
There's ample evidence of freeloading right there.
We should have our guys patrolling Northern Scotland - not Eastern Europe imo

[philanderer] 22/8/2018 13:14

I just checked how strong Germany was 😊


'Germany’s Typhoon problem: Only four fighters can be made combat ready'

Video: Most of Germany's fighter jets (and tanks and ships and helicopters) are broken.