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

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.

Excellent move today chart wise.

I'll get my short ready for about 3750!

lol dont blame you..

Presumably that's when gold will be nudging the $1000 oz level then?

Gold is not a reflection of inflation but fear, a bit like the Vix! It's also an ETF bubble like oil last Summer! I can understand Gold going to $2000 when the dollar finally collapses but there is little sign of that at the moment with all this risk aversion

Gold is heading for $1500.

It hasn't crossed the $1000/oz yet!

Almost there Harry just thinking ahead..!

Could it touch 4000p in a late afternoon spike.