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Yamana Gold Inc. AUY


Primary Symbol: T.YRI

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

Bullboard Posts
Post by RichyRich$on Apr 28, 2014 7:42pm
332 Views
Post# 22500268

Today Was Bottom. Q1 Report Tomorrow

Today Was Bottom. Q1 Report TomorrowToday was bottom guys. Sideways action after 6 weeks of dropping right before a quarter release report usually ignites a rally. They look for any excuse to rally it then. If wrong, add more shares on the dip after quarter release tomorrow at close. The same thing happened to SSO Silver Standard Resources last November. Everyone was freaking out, it kept dropping to $5.50 and some analysts calling for $3.00. It then rallied from $5.50 to $12.50 in 3 months and still above $10.00 right now. At least Yamana has a consensus buy rating and majority targets in double digits. Even if Spot Gold prices drop Yamana has a low ratio to make money even if gold hit $900. The new mine purchase is low cost production and they will win in the longrun when gold eventually goes up. Remember they didn't buy it to lose money. This is all just Wall Street and Bay Streey manipulation. They like to drive it down hard so they can rally it hard to make good money. Yamana is an "in the lime-light" high volume player. It always rallies again without fail.
Bullboard Posts