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Trump single handedly ruining world markets and economies
There are strikes over bonuses at two of Randgold's mines in Mali - source kitco.com
5000 low estimat 8000 high. Average 6500 . That will do for starters
Hi ... hold here only as a portfolio balancer. Good luck.
Randgold down 2%. Uh.
So on the 11 April 2018 gold hits its 1 year high, but on the same day RRS is virtually at its 1 year low! Strange.
Since when did this share become a total dog? One up day in 6 months and it cannot even hold that. Perfect environment for gold with the volatility right now yet this just drops each and every day
regarding Sarin gas in Syria has todays gold on the ascendancy and with lunatic Trump and our own Boris Haigh at the helm, gold could continue to hit new heights. Mind you, I probably wont really care after WW3 breaks out anytime now.
The US decisions on planned and further import duties will, if contra action is taken, result in a low priced dollar. Until that low price has the inevitable effect on US export prices there would be a Dollar surfeit. That's great news for gold and its suppliers but only until the cheaper Dollar results in increased exports. The key to this will be serious contra levies by overseas importers of US goods and services. Probably not just yet but Trump may take his promises to the brink. Then gold will take off.
Gold up. Goingredients ex divi tomorrow. Can't believe the price. Even Buffett wouldn't make money here.
This is about to take off.Boom.
Sit on sidelines...
Like dominos they're following DRC threatening unilateral mining code introduction. Best sit inside lines.
Hi TigerByTheTail, thanks for the response I’m going to hold long term after your advice no debt and when back in fashion it should move up, much appreciated!
Hi Looser! I don't think Jim Cramer gave out the best advice there, and he encouraged you to buy on a peak rather than a dip. But, that said, both Centamin and Randgold are excellent, well-run, debt-free companies, and I'm confident that both will come back. (FWIW, all gold miners are trading at very low valuations at the moment, especially given that the actual gold price remains reasonable. The sector is simply out of fashion. That should change - but exactly when, I can't tell you.)
Hi all, I bought 93 shares @£73 after listening to Jim Cramer on CNBC he was extolling the virtues of RRS no debt etc...£1200 down any hope of a come back? The same thing happened to me with Centamin @ £1.65...
Sorry team, RRS dividend paid in May. Goes ex dividend next week so share price should fall as new investors will not get dividend
Dividend week. Talks with Congo govt. Gold to rise. Can't wait for next week.
Two dollar dividend next week.
Good facts, strength is in numbers more likely to get a good outcome something for both sides, so they have to pay a little more look at the future potential. who else is set up to keep the mines running.
Risky play. RRS and other major mining companies located in the country look to have come together and are hitting back, resigning from the FEC. Negotiations to go ahead. The message to the government is clear in the update, these companies have invested billions and created tens of thousands of jobs and are prepared to play hardball unless negotiations are fair. But I wouldn't expect a quick resolution and when it comes these companies will take a hit to their margins in the form of taxes / royalties.
This proposed grab (not only gold of course) may lead to some companies if not whole industries in the Congo either packing up or simply lying down and accepting a smaller share of income. The latter is fine in the short term but highly problematic with the inevitable disruptions such as labour issues, engineering stoppages, corruption and of course social disturbance/terrorism. Not sure that the costs and profits of individual mines are in the public domain so only time will tell if the DR has got it wrong in each and every instance. I suspect that high on every Congolese mine operators agenda is not so much the Congo today or tomorrow but the knock on effect with other African jam-today autocracies. An enhanced race to establish or co-operate in mines in more stable regions of the world might ensue and as these are seen to be less problematical and stable, that will be the death knoll of some Africa operations though not all by any stretch. Of course such abandoned mines could then be "nationalised" and be licensed at attractive prices to entrepreneurs from the far east and elsewhere though I suspect a new "less corrupt" regime might ask leavers to return on more favourable terms. This Congo thing is surely a mere whisper in the wind and will merely serve to ensure that the priviliged Congolese few can retire sooner to their villas in the South of France or Caribean before their regimes implode.
is very likely to be ousted very soon for being corrupt
President Samey Badibanga http://congo-rdc.niooz.fr/aucun-entretien-entre-donald-trump-et-samy-badibanga-14942359.shtml is a favourite to be next prime minister. He resigned due to not agreeing with the corruption He has the vote of the people and will likely win again. The Congo is the single largest gold producer and is likely to introduce a gold backed crypto currency as it will track every oz of gold from mine to refiner eliminating �blood� gold, the crooked foreign brokers,( that only pay around $600 per oz to the poor miners). The introduction of this new crypto currency will enable the Govt. to collect taxes to build infrastructure and improve the quality of life for the Congolese people
President of DRC to meet with mining companies tomorrow, Wednesday 7th. to discuss proposed changes in mining royalties. Put back from today. Found on IG platform ," news" on Spot gold.. ATB