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

Seems to be rather cheap at the moment - especially with gold at such a high price and the Asian 'buying season' about to begin.

It shouldn't be forgotten that, when buying this share, there is no stamp duty to pay. Quite a big plus point if trading regularly.

Is this going to be one to watch this year, considering the forecast of POG. Currently in a breakout next resistance 2500p?
Will there renew interest of gold miners. Does anyone know other gold miners that's worth watching?

How about you lot taking some profits (all at once ideally) so someone else can get In on the dip? -):

Stan,
Your wish has been granted. Is a 2 dip enough?

See what you mean FB, but was rather hoping for more than 1 on the day..still It's a start -):

To be serious though I can only see Gold going higher In general.

New article, click HERE

1462p... crumbs they were around 2000p when I last looked!

It seems that the gold companies have significantly underperformed the price of gold.Any views out there on the general outlook for future performance here?

I bought a few for the first time last week .




nice chart.

If the prediction of high inflation & a weakening dollar are correct, then gold is tipped to be a popular safe haven for investors in 2009, with RRS being at the top of the list. It just depends on whether it's inflation or deflation which hits the U.S. economy. (POG was also tipped, but that was before the possible ORE tie up.)

Not only that,but the outlook for the banking sector is looking increasingly frightening.
The question that is being asked is "why are the banks not lending?" However,to my way of thinking,the appropriate question ought to be,"Why are people not qualifying for loans?" The answer to that obviously lies in the lack of creditworthyness out there.Must be good for Gold,

Banks are bust time for gold.

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!