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BUZZ-Gold miners fall as traders question recent rally

Mon, 15th Feb 2016 09:36

** Risk-on rally across European equities hits gold miningstocks on Monday, with Randgold and Fresnillo down 3-4 pct and top fallers on Stoxx 600

** Both stocks have been major beneficiaries of growingconcern over the health of the global economy, rising c. 40 pctin the last month

** Traders seen looking to short the stocks, citingstill-overbought RSIs and share prices well above consensus.Chart: http://reut.rs/2143ro1

** Randgold RSI 71.6 (high of 89.9 in Feb), Fresnillo 67.9

** Gap between share prices and analysts' mean price targetsamong the highest in Europe - Randgold still 18 pct aboveconsensus, Fresnillo 12 pct above

** Small caps Centamin, Hochschild andAcacia all 3-6 pct lower on Monday

(RM: alasdair.pal.thomsonreuters.com@reuters.net)

Fresnillo

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