Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Is it down to the RNS Randgold to engage with DRC on new mining code
Well I don't understand why this is valued so highly. EPS of $ 2.96 or �2.09. Which gives a p/e of 33. Better value miners out there in my opinion.
Yes, the market should like these results, Eventually :-)
Look good on first reading. 100% dividend increase. Surely the market will like that?
Hi, see results are out on 5th February.. atb
Results due early next month. Might inject a little interest here. I find it surprising this is lagging the gold price given the healthy margins and the development of Kibali, which is going to ensure the future cash build especially with gold at $1350. FRES jumped 5% on results, expecting something similar here, a slow burner but should perform well this year
Hi Tibbs, we're missing you over on CEY
Regarding Bitcoin, Jesus & Gold Today 00:16 (Blip from an interesting article regarding bitcoin ) I've seen a few people try to provide a formula or ratio to try to value Bitcoin and the like, which is utterly ridiculous. This is the basic formula for cryptocurrencies: a new and exciting technology + a group of true believers + a sexy narrative + an insane price rise = crypto market value There�s no way to gauge this kind of thing through traditional metrics as there are no fundamentals. But that won�t stop people from trying. This thing could already be a huge bubble that could pop at any moment for any number of reasons. Bitcoin has already had three separate instances where it fell 85% or more in the past. While market crashes make for an interesting case study I�m more interested in what could take this bubble to the next level. I love trying to understand the psychology behind massive market bubbles. I�m not saying it will happen but human nature being what it is, you can never rule it out. One of the arguments for a sustained rise is the idea of scarcity since the supply of Bitcoins is capped at a certain number of units. Supposedly the total amount of gold ever mined could be melted down and it would only fit into an Olympic-sized swimming pool. Yet the price for an ounce of gold is basically constant for the last 2,000 years. The example I once read is an ounce of gold bought a nice men�s suit in the time of Jesus and does the same today. There are plenty of scarce resources that don�t go up in value simply because of their scarcity... http://awealthofcommonsense.com/2017/10/what-could-send-bitcoin-into-the-stratosphere/
https://www.bullionvault.com/gold-news/gold-price-120520173 Gold Price Slips Near 'Significant Support' as World Warns Trump on Israel Embassy, Brexit Talks Stall Tuesday, 12/05/2017 13:53 GOLD PRICES slipped near 1-month lows against a rising US Dollar in London trade on Tuesday, drifting back to $1273 per ounce as world stock markets followed Wall Street lower after Monday's drop. Commodities fell as major government bond prices edged longer-term interest rates higher. "Gold should encounter significant support at $1269/67 and a rebound should follow once these levels are met," says the latest technical analysis from French investment bank Societe Generale, pointing to the 200-day moving average of Dollar gold prices.
Every day last week from 13.00 Comex gold and silver has been hit with a wave of at market short sales. Today was the same. And yet, all is not what it seems. The shenanigans being pulled to keep gold and silver tethered are getting more and more extreme. In the attached article from Harvey Organ's daily Comex update he includes two letters he recently wrote to the US CFTC for which he has yet to receive a reply. The key passage : "the bankers continue to supply massive amounts of paper gold/silver with 100% certainty that there is not any physical to supply." He details the now habitual daily practice of EFP private contracts on Comex where longs standing for delivery are given a cash premium to take their delivery at the LBMA. And therefore Comex avoids defaulting. Simple. Reckon they can continue this until Trump upsets either China or Russia. When they have enough cheap physical a major sovereign standing for Comex or LBMA will break this game of pass the parcel it's just a matter of the right moment. https://www.silverdoctors.com/gold/gold-news/harvey-organ-there-is-no-gold-at-the-comex-they-cannot-supply-any-metal/
Deutsche Bank receives subpoena from Mueller Dec. 5, 2017 5:02 AM ET|About: Deutsche Bank AG (DB)|By: Yoel Minkoff, SA News Editor Deutsche Bank (NYSE:DB) has received a subpoena from special prosecutor Robert Mueller over its real estate dealings with President Trump, who owed about $300M to the bank before moving into the White House. Those loans will likely be inspected to see if they "were guaranteed by the Russian government, or were in any way connected to Russia."
http://www.zerohedge.com/news/2017-12-02/russia-china-india-unveil-new-gold-trading-network �We (the Central Bank of the Russian Federation and the People�s Bank of China) discussed gold trading. The BRICS countries (Brazil, Russia, India, China and South Africa) are major economies with large reserves of gold and an impressive volume of production and consumption of the precious metal. In China, gold is traded in Shanghai, and in Russia in Moscow. Our idea is to create a link between these cities so as to intensify gold trading between our markets.�
About £600 loss but could gave been worse. Gold price outlook seems to have turned very bearish; RRS is very high correlated. Will get back in when gold has stabilised.
Hi qzqz Hopefully we start the recovery tomorrow , we were on a good constant upswing of late , downgrade overcooked imo and fundamentals are in a good place with increased revenues reflecting continued growth x I bought this to balance risk in my portfolio and will continue to hold for the long term gains
Buys/sells almost equal , strange day , MMs downgraded a day after NKorea launches another test missile , I assumed gold as a safe haven , was it dongraded due to Brexit alleged agreement , anyone have a rational reason for drop ?
https://www.moneymetals.com/news/2017/10/31/china-gold-mine-supply-plummets-001189 China are investing in precious metal exploration and resources on the African continent. Major producers like Randgold will be prime targets when the gold price jumps another 10-15%
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Africa eh ! This rather sad RNS reads like a eulogy. Not uncommon for greed and avarice in some African countries to trump common sense. Jam today and bugger the future - the South of France calls.
Gold should show clear movement as several economic indicators and appointments from the US and China are announced.
Good to see the dollar get spanked, hopefully the penny is starting drop that most people are skint as we see credit lines tightening. Should also see some good Q3 data on the back of this recent rally and surely punch back through to the low 80s.
Possible fed interest rate hike coukd mean people bung money into dollars rather than gold.
Both idiots in North Korea and USA have it. Both idiots are name calling, which neither will like. Both have very powerful toys. I reckon the North Korean will hydrogen bomb Pacific ocean, soon. Then watch the POG
WTF is going on here everywhere else goldie le is going up and this one is sinking through the floor
Why this amzing £10 drop in price within about a week?