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

support at 54.00, or at least that's my uneducated guess ..... hilary and gausie with their slide rules and inside-out t-cups and other exotica may tell us different

Gold sp headed south a bit today, after touching 14+ yesterday, could rand be telling us something.....

anyone know of reason for big drop today?

70,

More bad news from the Ivory Coast I expect, Cluff had problems yesterday.

I closed my short in RRS yesterday! "$^&**>?@*!"

Yes, that seems to be the case. Tongon mine in Ce D'Ivoire and new President elect is threatening to nationalise certain industries.
Apparently Tongon mine represents about 20% of RRS NPV.

SP down nearly 1/3 from its highs, yet gold hovering close to all time high prices.Most mining stocks are down today, though

Market update: Randgold continues slide on Ivorian concerns

http://www.whatinvestment.co.uk/trading/markets/market-updates/1608798/market-update-pm-randgold-continues-slide-on-ivorian-concerns.thtml

Bouncing up over 3% so far on today's news release.

http://moneyam.uk-wire.com/cgi-bin/articles/201103091231506262C.html

lol today...................
http://www.youtube.com/watch?v=7KNxcByCEkM&feature=related
http://www.youtube.com/watch?v=UoxHwOl2gN0&feature=related

http://www.youtube.com/watch?v=FKDZsCcvG1k&feature=list_related&playnext=1&list=MLGxdCwVVULXdCqxbcbZlcHnq8S04acxLv

rrl up after whoops dip

Wonder how long the squatter can remain? http://www.bbc.co.uk/news/world/africa/

I wonder what's behind the rise this morning?

See post 89.

Up 9% so far.

http://www.moneyam.com/action/news/showArticle?id=4197674&epic=

Good trading update today and SP up again tomorrow I expect as being in gold is one of the best places to be at the moment.

London, 28 November 2011 - Randgold Resources ('Randgold') today reported a series of setbacks at its Tongon mine in Ce d'Ivoire which will have a negative impact on its production for the fourth quarter of this year.

Could be a down day for this one today then.

Finals out today.

Down 14%???? No immediate reason why.

Have you not heard of the coup in Mali?