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Randgold Resources Limited: As Good as it Gets

Comments (4) Topic: Gold Mining Companies — August 31st, 2009
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Randgold Chart 12 jun 09.JPG

In mid June we showed this chart of Randgold Resources Limited (GOLD) and commented that the yawning gap between the stock price and the 200dma suggests that this aberration cannot remain as is and either the average has to move up or the stock price has to move down in order to return to the ‘norm’. A correction of around $10.00 was anticipated and so we purchased PUT Options on Randgold which is now history (read more…)


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Comments (0) Topic: Other — August 26th, 2009

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