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Indeed - it will be interesting to see how things play out. I wouldn't be surprised if there was a dip in gold and RRS as some will say "crisis averted, business as usual."

Indeed... the markets seem to be a guessing game at the moment.

A big day today indeed. Good results and gold price going nuts. Given how RRS has continued to climb are we going to see an adjustment soon? I've set a stop loss at 5,850 which I'm hoping isn't too fine.

Will be interesting - gold seems have spiked up a bit.

Looking at the sharecast article on the LSE front page it looks like it was a bit overcooked: "(ShareCast News) - Fresnillo said operations at its Saucito mine in Mexico will not be suspended after a pipeline burst over the weekend. The silver and gold miner said the incident occurred due to the rupture of a pipeline while non-toxic solution was being pumped from the beneficiation plant to the tailings dam. Fresnillo does not expect any material financial impact or loss of production as a result of the incident and said an investigation into the cause is underway. "Following the incident, Fresnillo immediately informed the authorities, who have concluded in their initial review that the situation is of limited scale, and as a result operations have not been and will not be suspended," the company said. It added that 85% of the affected area has already been remediated and said it expects to conclude all the remediation activities by Friday. At 1542 GMT, shares were flat at 668.50p following heavy losses earlier in the session"

Particularly when compared to BHP's Billton so far understated catastrophe - 60 million cubic metres of waste! From Moneyweek email letter today: "On 2 November, 2015, a tailings dam from an iron ore mine part-owned by BHP Billiton and part-owned by Vale, burst. The entire subdistrict of Bento Rodrigues was flooded with toxic waste. 13 people have died so far. The knock-on effects are catastrophic. 60 million cubic metres of iron ore waste soon reached the Rio Doce, which has a drainage area of, according to Wikipedia, 86,715 square kilometres, with 230 municipalities relying on it for subsistence. Flowing down the Doce, 17 days later the poisonous mudflow reached the Atlantic Ocean. Now it is spreading up and down the Espírito Santo coast. The consequences to the river and its wildlife, not to mention the livelihoods of all those depending on it in some way, are still unknown. One biologist, Andrew Ruschi, has put a timeframe of 100 years for the waste to dilute. It remains to be seen how negligent BHP and Vale have been. Both companies already have preliminary fines. The figure of $5bn is being bandied about for further down the road."

Has the share price reaction been a bit overblown? 85% cleaned up and no loss of production? https://uk.finance.yahoo.com/news/buzz-fresnillo-burst-pipeline-saucito-094401116.html ** Silver (Shenzhen: 300221.SZ - news) miner Fresnillo (Other OTC: FNLPF - news) 's shares down 8 pct, second-largest loser on the FTSE 100, after a pipeline burst at its Saucito mine spilt about 450 tons of tailings ** Mexico's environmental agency PROFEPA says spill affected about 8000 square metres of industrial land, adds 85 pct of recovery work completed (http://bit.ly/1R9pC9E) ** Fresnillo says it has not and will not suspend operations at mine ** Stock down nearly 13 pct YTD, far outperforming the FTSE 350 Mining Index which has lost half its value * Co second-largest loser on Stoxx 600 Basic Resources Index (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net) .. . .

Thanks for that - was also wondering what was going on. Carnage in commodities at the moment, nevermind industrial accidents! AAL is grim at the moment.

Been rising for a week or so - will there be a turn or does this have some legs?

...today isn't going to be a good day!

I hope that you're right - I'm a long term holder and the passed while has been pretty dire! I notice that copper seems to be a bit greener (touch wood) today.

"Im just constantly adding more to what seems like a falling razor sharp knife." I feel your pain! How low can it go?

What's driving it? Is it contagion from LONMIN or just the general forecast regarding USD strengthening?

Seems to be perking up. Let's hope that it is a double bottom!

Thanks for the reply. With what you say and an already shrinking economy you would think a rate rise is quite unlikely. The Reuters report of 27 October states that demand for physical gold is up 7% in Q3 yet forecast average gold to be $1,100 in Q4. It will certainly be interesting to see how this all plays out.

...is going to suck... Will the Fed raise rates in December? Really?

According to the chartists gold is at a crucial level. If it cracks 1,177 that could be the start of a major rally. Will be interesting to see how it develops!

Bearing in mind RRS has risen 30% since mid-December how much longer will the rise go on for? Surely there will be some profit taking soon or has that already happened? Are falling interest rates and other factors going to keep prodding the gold price up?

Given how the gold and silver prices jumped on the shoddy US data I expect it may be another busy for FRES tomorrow.

Been a big day for RRS... +5%. If the gold price holds at its current $1,220 overnight could we expect another big day?