African gold mining and exploration concern, Randgold Resources, listed on the London Stock Exchange in 1997. Its major shareholder is Randgold & Exploration, a company created in 1992 to take over the gold interests of South Africas oldest mining house, Rand Mines. Randgold Resources is an international gold mining and exploration business, incorporated in the Channel Islands in 1995. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the Ce dIvoire. The Company successfully developed the Morila deposit into one of the worlds largest and highest-margin gold mines. In February 2004 construction started on the new Loulo Gold Mine in Mali which is scheduled to come into production in third quarter of 2005, and a development study is underway on the underground operations. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, Ce dIvoire, Senegal, Burkina Faso, Ghana and Tanzania.

Upper graph  = 12 month share price with 6 month MA (green) + 25 day MA (red)
Shaded area = Bollinger bands

Lower graph  = RSI

more company data here

The price of gold is up by $40. since Friday.
A good few are looking at prices of $2,000. and more.Taking inflation into account over many years,we are well below historical highs even at these figures.

Consider that the price of gold was just below $700. in the early 80's.And I am sure that most people would agree that the present instability is more worrying than the Cold War situation that existed then.

It soared to $800 on invasion of Afganistan .

Have they struck more gold..?

Preparing my short trigger, probably when gold hits 960

New broker target of 3600p.

My target is 6000p in 12 months time .

Chart above sending me a strong message may be got a little more to go to get RSI above 70 and price to the top of the channel and I'm a shorting ideally at 3500 nice round number!

This is a buy in Shares mag out today.

Exactly!

lol..

Break-out today.

Moneyam charts are not working however sp up 150p.

3500p is it any good..?

Hoping for another 250p rise this pm.

My short got triggered so will see how this plays out. PE is fairly stratospheric, rsi not quite over 70 due to that retrace. Looks like a bubble stock ie ludicrously overvalued(mail on Sunday) but gold feeding frenzy could project it to the moon no doubt. If indices rally I think it will tank and gold has to break through a 1000 which will put up a fight

Looking good today we should get to 4000p in the next couple of days in fact the chart suggests 4500p.

Gold $1000 today.

I think today is the best day for RRS for a while.

Chartwise certainly time to close short though I'm not buying in as unsure about gold in a deflationary environment

Gold the only decent play in these markets Falconthou.