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Randgold Resources Limited Message Board

  • terrysantos630 terrysantos630 Aug 17, 2013 2:49 PM Flag

    JP Morgan is Bullish on Gold.

    The World Gold Council reported today that physical gold demand remains strong, questioning the price weakness seen in paper markets. Additionally, gold supplies could be constrained in September if labor strikes are initiated in South Africa.

    There’s typically some positive seasonality to the gold price in August/September helped by India, which is still the largest single (28%) gold market ... Often this strength correlates with the Denver gold conference. The conference attracts many of the larger gold investors and given the other positives for the metal (and that the depressing effect of the Q2 results is past) we would not be surprised to see a stronger gold price in the run up to the show.

    We’d encourage shorter-term investors to consider getting long the gold space with a four to five week time horizon. This year the Denver Gold Forum will be from the 22nd to 25th

    Sentiment: Strong Buy

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