Fund discloses a 71.54% short position in Randgold The daily shorts file has a crazy entry today. Some fund is now 71.54% short in Randgold!
SP exactly on 10 year trend SP at yesterdays close was exactly on 120 month trend line which has a gradient of 14% pa. I am quite happy with that sort of return. The SP is well below the 16 year trend line which is currently around £130 a share. Editors articles suggest RRS over valued but in these uncertain times I think there is plenty of room for gold price to rise and SP of RRS above £100 before the end of the year.Whatever happened to share splits? At one time when a FTSE 100 share got above £10 or so they would do a split so you had more new shares but worth less. A 10 new for 1 old RRS share split would seem like a good idea.
NEW ARTICLE: Chart of the week: Randgold set for short-term shine "Has Randgold made its high for 2016?This was the headline in my 25 July Chart of the week as gold and its major miners reached for the stars - as the bulls were hoping. Since then, LSE:RRS:Randgold has moved off its £98 high to last week's low of ..."[link]
NEW ARTICLE: How long can the hunt for yield continue? "Resigned to the fact we live in the era of low interest rates, equity markets have surged as income investors hunt for yield. But is the latest rally really a consequence of the most recent cut in borrowing costs, or is global economic momentum ..."[link]
NEW ARTICLE: Randgold loses its shine "Viewed as a safe haven in recent times of macro volatility, LSE:RRS:Randgold Resources is trading close to all-time highs after its share price more-than-doubled this year, outperforming the market. Investors have been happy to pay the premium ..."[link]
Re: TonGonWrong had impressive post-brexit gains tbf, so not a huge loss to investors
TonGonWrong Disappointing Q2 results, hopefully H2 will be better. management say it's on track to meet FY forecasts
Re: worth a look [link]
worth a look [link]
Returning to long term trend From Jan 2000 to now trend line for SP is 26.3% pa, 4,500% in total. The longest time period since 2000 of under performance was between Oct 2012 to Sep 2016. The year trend line is 14.7% pa and SP is now above the 10 year trend.Their costs have come down in dollar terms due to weakness in Rand. Weakness of pound will inflate SP. In these uncertain times gold is regarded as a safe haven. IMO gold will continue to rise making RRS a strong buy.
The Petition is gaining support Apologies for board hopping; but !The petition is going quite well; ~5600 signatures so far. Although it needs a boost.[link] petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016.The FCA have finally replied, saying its nothing to do with them as they only deal with market abuse & insider dealing, now is your chance to have your say.If you hate seeing buys reported as sells etc!!!!!!Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.My local MP supported this petition by writing to the petitions committee to help un-stall it.Theres 650 MPs in Westminster, So have you written to your MP? 649 to go!If this petition doesnt reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. ONLY 8 weeks to go !!!So If you havent yet signed or indeed have but havent passed it on to others, then nows the time to do so.
"In light of the UK voting for a Brexit, we expect gold to provide a haven for investors. Coupled with sterling weakness, we see upgrades likely for all gold producers in the near term. We appreciate Randgold retains an almost sacrosanct place in many portfolios and given the outperformance to date, we do not expect that to change in the near term, given the lack of viable liquid alternatives. In light of the anticipated strength in the gold price and inevitable weakness in Sterling..." Panmure published a note this morning from research tree
NEW ARTICLE: Share of the week: Love this gold digger "After an extremely tight European referendum campaign, Britain's decision to leave Europe came as a major shock. Sterling crashed, the Prime Minister resigned and investors dumped risk assets. In typical fashion, the unease sent investors rushing ..."[link]
NEW ARTICLE: Best and worst FTSE 100 shares in Q1 "The @GB:UKX:FTSE 100's performance really was a tale of two sectors in the first quarter of 2016, with the previously unloved miners storming ahead, while the banks sunk. We have profiled some of the best and worst performers on London's ..."[link]
Re: Broken resistance! 8th May 2012 .betbuck .... 2nd ???