Yamana Gold Inc. AUY

Primary Symbol: T.YRI

Metals & Mining Industrial Metals & Minerals

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.

TSX:YRI - Post by User

Yamana Gold Inc.

Bullboard Posts

Comment by cmunnyon Jul 30, 2008 10:00am

381 Views

Post# 15342682

RE: Well I am done SSRI vs. AUY

Just to review what we've posted for 2 weeks on AUY as per our blog

https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=78371

1. back on 7/14 ... weakening relative strength ( was still 25 pct off highs on last rally in gold)

2. H / S top formed over this year's trading

3. the H/S was consolidating right over the bottom of multiyear support lines.

4. These topping patterns have been prevalent in the whole PM sector, and the majors are just getting there turn now.

Consider this chart of SSRI, which I ended on 3/24/08, which is the stage AUY is at about now on 7.30.08. No reason to the think that much the same scenario won't play out here as they just move the money merry-go-round somewhere else.

SSRI broke its channel lines out of a rolling top with the moving averages rolling over and went all the way to 24 in short order

See any similarities ? Same pattern, same high volume breakdown, free fall zone into the 8/07 area, going lower. Better places than majors to play with for the time being.