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Agreed beetroot, I think 4555 is a good entry point and if it goes down to 3500 then that will be a fantastic entry point. I think the current sentiment is going to put a downward pressure on the SP, especially now that the USD is getting stronger and the FED is pencilling in further rate rises towards the end of the year.
GL all. Bloomin phone lol.
I agree. Excellent buy in price, will it fall further? Maybe but not by much. This is not a minnow. I would however take what motley say with a large pinch of salt. Next week they'll probably be saying sell sell sell, the company is going bust! They do like to contradict themselves! Gold will rise again, the current situation will calm down. Not saying we'll see £80 again soon but I reckon this is worth a stab at £50 . Personally gonna sit on my hands and wait for closer to £45 , I like a bargain. If I miss out,so be it , there's other bargain shares been flagged up today. Glad all.
Do not panic!
Turkey crisis is a bit of flu not the plague says Cramer on CNBC
Got £80K worth down from £100K but where else to invest
Motley Fool says RRS a terrific buy both with respect to dividend and growth prospects
Keep smiling, onwards and upwards in due course
I agree. Hold or top up!
The people dont like bullies Mr Trump. What goes around comes around.
Thanks , will be keeping an eye on gold and look to come back in, this will surely come back good at some point?
I'm happy for you Meta.
RRS shareholders are getting slaughtered.
And glad I am to have sold too.
Sold at 5300. Lets see how far down it goes.
I am not so sure. Based on today's buys, I don't think that it will fall much further...
Here comes the 5000 level and then should touch 4555 before it stabilises.
Or Quantitative Un-easing is happening in America now and will be for years to come, wonder why pog going down as well as gold stocks with interest rates going up.
Wow. What an absolute dog of a share.
https://www.investegate.co.uk/randgold-resources/rns/q2-results-and-updates/201808090700042341X/
TONGON WORKS TOWARDS FRESH START AFTER STOPPAGE
https://www.investegate.co.uk/randgold-resources/rns/tongon-works-towards-fresh-start-after-stoppage/201807301800012110W/
When everyone is down and out is the time gold will stage the nex leg of itst bull run - need a few more collapses first - perhaps $1150-$1180 - my guess is 6-9 months time
Lennie
Been a long-term holder of these and not made much! Struggle to see why they trade at close to 30x earnings. Over the last 5 years we've seen top line growth of 2.39% p/annum and bottom line growth of 0.57% p/annum not exactly the type of growth you'd expect to see from a company trading at such a high multiple. Have continued to hold them as a 'crisis hedge' but since the brexit vote in 2016, any rumblings of a catastrophe e.g. nuclear threats, geopolitical tensions in many regions/countries etc. and Gold has NOT moved higher. In fact nothing seems to push the gold price higher anymore, even significant weakening in the USD and no movement in gold. Cannot make sense of it whatsoever, been long Gold forever and optimistic all the way through this painful bear market but patience is wearing thin and it seems like nothing can be a catalyst for gold prices to move higher anymore. It's not even a 'flight to safety trade as it once was. So depressing
Looking at the chart, the next support level seems to be 4555. That's a drop of 18%, and not to mention the projected Federal reserve's rate rise earmarked for this year, which will take the shine out of gold for the forseable future.
I think that this share is a long-term keeper. Looking forward to it growing the same was as EZJ and VM. over the coming months...
Glad i dumped these last week. A complete and utter POS this share
The Feds rate hike is stifling the gold price and thereby pulling this share down. Anymore further rate hikes will pull this share down and I don’t like the ongoing unrest in some of the mines.
Dog of a share, pulled the trigger and got out today, several months of holding and this just goes nowhere
Changes to DRC mining code is the reason.
Ebola ...bang on ...20 cases ...