Beris

Gold Due to Correct: Sell Randgold Resources to $29?

So far, so good. Both oil and gold have been steadily sliding since pointed out that the mini bubble might soon be bursting (gold at that time was $840, and oil $98). I agree with you that gold will continue higher, but as I pointed out, correction was needed first to cool down the heat. At this time, trend is still down, and I don't expect them (oil and gold) to bounce for another longer-term rally until they reach key support elements. Just an opinion.

Gold Due to Correct: Sell Randgold Resources to $29?

Thank you for reading. I enjoyed reading your comments and insights. Market needs two sides of any trade, and I am glad that we are finding that even here. Thanks again to all

Gold Due to Correct: Sell Randgold Resources to $29?

Tex,

I could agree except that there is one variable to consider: nothing goes up in a straight line... nothing, and it never did. So, $1,000 gold? Yes, sure, but not without some sort of pullback, don't you think?

Gold Due to Correct: Sell Randgold Resources to $29?

Yes, yes, yes and yes. You are right, Pixelm. It's just that the time has come for this stock, and commodity/mining sector in general to take a breather. I am with you that down the road the gold is to continue rising, and Randgold's profits will rise accordingly. But not now, and not at this valuation/timing ratio. Just my 2 cents. Thank you for reading.