Eadwig
18 Jul 2017
Been watching over a year I've always watched the gold price for as long as I remember - even since before I was interested in markets.I've wanted in to Randgold (the only gold miner I would buy) for over a year, but wimped out when I was given the ideal entry point (under @6000p) late last year.Of course, it still wasn't close to 52 week lows at that point, so that weighed on my decision, as did the steep fall, which, of course, is when you should be taking your courage in both hands and buying, if you think the longer term still looks sound. Which I did. Having not held before, I was worried I was missing something though. Plus, I'm not convinced the overall downward trend in gold (measured from its peak) has bottomed yet. I was on the verge of buying gold when it was just a little above $1050 - how long ago that seems now! - even though I still thought it could go lower (I predicted as low as $750 when it first started falling).As markets around the world continue to hit record highs, I'm more than ever wanting an insurance policy in gold in my portfolio, not cash, because GBP inflation is making cash look silly whereas inflation, on a global level., is generally a good backdrop for the gold price, despite no dividends etc in holding bullion.Now negative interest rate scares are mostly a thing of the past (outside Switzerland and Germany) I'm as eager as ever to get into gold, having rode the big rise in the 2000s almost all the way to the peak with at least half of my original holding (Blackrock Gold & General precious metals) fund - or similar name.The above fund has an enormous entry price so far as I can see, and I'm not so keen, to re-enter it.Randgold is choice number 1, but it has to be nearer @6000p than @7000p for me to enter, so it might just be a pipe dream for me.With a single miner, there's always the chance of something going wrong that you avoid with a general gold fund. To some extent on an across the market correction, Randgold will be hit as well, for example. Holding bullion or coins is out for me, I wont be investing enough for long enough (probably) to make the security costs of storing it worth while. Same for the premium coins tend to attract - although I suppose you get that back on their sale, to some extent anyway. The storage problems still remain though.I'd be pleased to hear from any gold experts, or amateur expert investors, who have any thoughts on the matter.
II Editor
17 Jul 2017
NEW ARTICLE: Chart of the week: Targeting 20% upside for this share "Has Anglo American finally turned?Sentiment has turned bearish against the big miners in recent months. With South Africa announcing big changes in share ownership rules, shares in LSE:AAL:Anglo American moved lower. But have they completed a ..."[link]
II Editor
10 Jul 2017
NEW ARTICLE: Chart of the week: Be wrong and still make money "Randgold is on a knife-edgeWith gold in a strong downtrend, I thought I would update my coverage of LSE:RRS:Randgold which I last analysed three weeks ago on June 19. The recent severe gold weakness has naturally impacted on the company shares ..."[link]
suki the dog
21 Jun 2017
broker upgrade broker upgrade 21-Jun-17 Investec Securities Buy - 8,194.00 Reiteration
II Editor
19 Jun 2017
NEW ARTICLE: Chart of the week: Favourite trade keeps on giving "Randgold follows my script beautifullyThis has been one of my favourite trading markets since I started writing COTW. Long-term readers will know that I have managed to anticipate many of the major waves both up and down - and the most recent one ..."[link]
II Editor
08 May 2017
NEW ARTICLE: Chart of the week: When this bull run will resume "The outlook for Randgold remains bullishThe recent collapse in the gold price has reached front page news. On 17 April - a mere three weeks ago - gold was trading at the $1,295 (£1,000) level. Then, the severe collapse started and by Friday's ..."[link]
Rhigos
24 Apr 2017
RNS looks positive why big fall in SP? Today's RNS about extended life for Tongon's mine looks positive. Barclays Capital reaffirms overweight stance not negative. Why big fall in SP of around 4%.Goldman Sachs issued a neutral view today but that was same as previous view.Gold price down 1% today so I suppose that could explain it but CEY up today.
RedFlagFinder
22 Apr 2017
Buried Treasure Took position here Fri. Looks to increase through uncertainty around world and political developments. 8000-9000 soon. Good luckBT
tornadotony
16 Apr 2017
Gold price compared to 2011 April 2011 USD basket 73.11 with $1500 or so gold price.April 2017 USD basket 100.24 1ith 1288 or so gold price.100.24/73.11 x 1288 = 1766 comparative gold price. Gold is 17.6% more expensive than it was in April 2011. Goods and service have gone up 13% in that time which equates to 1695. So gold has outperformed inflation with a real return of 4.6% for those outside of USA.
Eadwig
28 Mar 2017
50% divi increase on way? Just missed buying here when its price was falling along with the gold price. I moved my limit target back several times. Obviously been regretting it ever since.Randgold Resources (NASDAQ:GOLD) says it will propose to raise its final dividend by 52% Y/Y to $1.00/share at its annual general meeting on May 2.Now that it has reached its $500M cash target, GOLD says it intends to continue paying a yearly dividend that takes profitability, cash flow and wider capital requirements into account, CFO Graham Shuttlesworth says.In its annual results, GOLD says it achieved record gold production in 2016 of 1.25M oz., at the low end of its 1.25M-1.3M oz. target range but up from 1.21M oz. in 2015.GOLD says attributable proven plus probable reserves at year-end 2016 were down 1% Y/Y due to the strong production, while total resources of 25.5M oz. were 8% lower, reflecting mining depletion and changes to the method of reporting underground resources at Kibali.
Rhigos
27 Mar 2017
Commodity shares fall I hear that commodity sell off at the start of this week is caused by uncertainty about support for Trump's policies following his defeat on scrapping Obama care. Fall in value of USD bad for oil and mining companies. It would also appear bad for banks that are down as well.On the positive side uncertainty good for price of gold as investors look for save havens. I am glad I have exposure to precious metals with my holdings in CEY, FRES, HOC and RRS that will help of offset my losses on BLT, GLEN and RIO as well as PMO, TLW and RDSB.I have been disappointed with SP performance of RRS which was 26% down at Friday's close from July high. In 12 months SP up 15% compared with CEY 107% in same period. Considering selling 1/2 my RRS and buying more CEY.
II Editor
20 Feb 2017
NEW ARTICLE: Chart of the week: Confident of further profits " Will Randgold reach £80 again soon?I last covered LSE:RRS:Randgold Resources on 5 September - and at an opportune time. The shares had been falling along with the gold price and had reached an important juncture.This was the chart I showed ..."[link]
WD in yorkshire
12 Feb 2017
GOLD [link]
WD in yorkshire
08 Feb 2017
Nov 2016 high I would v much like to see this break through the Nov 2016 high of 7625. This coincided with the GOLD peak at circa 1300.
WD in yorkshire
07 Feb 2017
Re: Sold out Also bullish on GOLD. Chart if interested:[link] holding RRS in ISA and via BlackRock Gold & General (from memory RRS is 10% of that fund) fund within a pension.
