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

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.

Getting my short ready Mitzy, though dollar does seem to be collapsing!

Its getting closer to 4000p lol.

Wait.

Short again!

According to Moneyam info, PE is 100!That's Dot com material surely?

mitzy - 23 Mar 2009 12:36 - 51 of 54

Its getting closer to 4000p lol.

..Certainly is -):

Bubble,bubble,toil and trouble!