Randgold has one of the strongest growth pipelines, is capable of delivering volume growth above current expectations, Morgan Stanley says in note.

Morgan Stanley: Randgold should post 15% volume compound annual growth rate through 2015 vs industry avg. 1.3% 2005-2011

Eoin Treacy's view Randgold Resources drew my attention yesterday as I clicked through the constituents of the FTSE-100, not least because it is one of the few resource shares to have pushed right up to test its peak. While somewhat overbought in the short-term, a sustained move below the 200-day MA would be required to question medium-term scope for additional upside. (Also see Comment of the Day on August 22nd).

Yamana Gold and New Gold are also noteworthy for the strength of their respective rallies and while also somewhat overbought in the short-term, they remain among the most likely contenders to hit new highs.

Hecla Mining broke its progression of lower rally highs in late August and rallied impressively. A sustained move below the 200-day MA would now be required to begin to question medium-term scope for additional upside.