RE: A GREAT buy !!"The suggestion here that YRI needs the POG to increase to go up is simply ludicrous." I agree with you that YRI is a great buy. However the Price of Gold has to effect gold stocks that's just common sence.
I'm not suggesting that people shouldn't be engaging in short-term trading, but there are times where trying to get 'cute' by trying to swing-trade, and scoop up a little more profit is simply foolish. And those waiting to buy because they think they MIGHT get shares for 2-3% less are even MORE foolish
I learned my lesson I have lost of stocks doing that. I don't want to loose this one. I was afraid when I sold it for 9.50 I wasn't going to get back in again. I didn't want to start chasing it up. I tried to find a Gold stock at a lesser price to replace it and decided that YRI was the best buy.