why I own gold stocks...Yet another pile of reasons why I choose to overweight gold and silver to pretty much everything else.
https://www.321gold.com/editorials/denninger/denninger030210.html
I agree with some of the other posters that I would like to see Yamana making larger gains and am disappointed by its performance thus far. I believe that it is fundamentally undervalued for its present and potential future operations. My opinion: the market will eventually recognize this value, just give it time.
BTW, I wonder if the current softness in SP has anything to do with all of the warrants that were exercised a couple of weeks ago, and the corresponding increase in shares that went immediately to market after they were issued? Just an idea. Here's hoping that the earnings announcement is decent (I long ago gave up on YRI mgmt knocking our socks off with Earth shattering earnings reports).
GLTA,
mas75