Thursday, June 10, 2010

Randgold (NASDAQ:GOLD) Near 52-Week High

Several gold mining stocks are closing in on 52-week highs, including the increasingly popular Randgold Resources (NASDAQ:GOLD).

Randgold jumped to an early start today, climbing quickly by 2 percent, and it has pretty much held there all day.

The gold miner continues to flirt with the $89 mark, going back and forth just under or over it.

It seems the resistance is at about $91, and if the company breaks through there, it could rise up to about $97, or even higher.

of course it'll generally follow the path of the price of gold, and that closed today at $1,220.20, a decline of $12.90.

With that in mind, Randgold had some resilience in the midst of a minor correction over the last couple of days.

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