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

mitzy still a long way to reach 4000p.

Right to the bottom of the channel,will all depend on gold.I expect a lot of shorts will close around here though and see if 3000 holds

Reading the CFD news, that particular analyst is short both gold & silver (short & long term). Target for gold is $600 ! I have no idea if he is correct & the article comes with lots of 'ifs' & 'buts'. I am wondering if the precious metals bubble is coming to an end though.

Everyones short of gold/silver for some reason I cant believe $600 thats too low it could go either way at the moment.

Hope you took profit at 38 ish, Mitzy & didn't try to squeeze 40? Sp went down pretty quickly.

Thanks Harry I got out just in time waiting for gold to rise which wont be long now..cheers .

Thanks Harry I got out just in time waiting for gold to rise which wont be long now..cheers .

Watching carefully.

200 DMA is down at 2600p, so don't jump in too quickly.

Up 9% today against a falling market.

Sell off's mean buy gold and gold miners, usd and yen, sell everything else!Did you buy in today?

Piece on Randgold.... http://www.tradinghelpdesk.com

No I missed it F..!

MITZY really!!!!

lol.

Holders should enjoy this new article and analysis!

Click HERE to access the article

Slightly off topic, but in direct competition to RRS, a floatation of AFRICAN BARRICK GOLD in march (estimated 2.4 bn market value) due to take place & it is suggested may be more attractive to investors, given the high price of RRS shares.
The deal, arranged by J.P. Morgan (JPM.N) and Morgan Stanley (MS.N), will run a bookbuilding between March 5 and March 18.

not a pretty sight with 200 dma now breached

A few miners down today, especially the precious one's like RRS and FRES.

Approaching good support level? They're a bit bl**dy expensive though! One for the s/betters.