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Very interesting READ,i.e. Weakening Dollar/Hedging for Safety/Metals - is the Tide finally turning ? http://www.msn.com/en-us/money/markets/stocks-falter-on-commodity-currency-turmoil/ar-AAgdyV6?li=AA9ZWtY
Won't be today - unless you want to chase.
Virtually no resistance too $2.27 ;)
See How Yamana Gold Ranks Among Analysts' Top Metals Picks
By MetalsChannel.com Follow | 12/08/15 - 11:54 AM EST >>>>>>> A study of analyst recommendations at the major brokerages shows that Yamana Gold, Inc. (AUY) is the #28 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global Mining Titans Index is comprised of the top fifty global leaders from the metals and mining sector. The companies listed in the Metals Channel Global Mining Titans Index are not fixed, but instead variable — updating on a continuous basis to reflect the changing market environment with respect to commodity prices, government policy and market volatility. Theres more: http://www.thestreet.com/story/13390464/1/see-how-yamana-gold-ranks-among-analysts-top-metals-picks.html
Analyst ratings on AUY are actually Very Bullish on the trade - 18 Analysts have it as a BUY or Hold - average rating = OVERWEIGHT http://www.marketwatch.com/investing/stock/AUY/analystestimates
Last week, Goldman Sachs analysts noted that only 6% of the time during the last 40 years has the median stock traded at a p/e multiple higher than it is today. Worse, Goldman says that stock market multiples tend to fall 10% when the Federal Reserve begins increasing interest rates, which is is expected to do later this month. A Flight to beat down Gold commodity prices will feel upward pressure not as much for a safe haven but for a HEDGE with Huge Upside... "time to LOAD peeps.
Looming Fed Rate Hike Makes These Assets a Strong Buy ****** The last time the Fed raised rates, it kicked off a 66% gain in the gold price. I did the DD and went back and looked...Gold went up BIG when Gold was beat down when there were FED rate hikes - it (GOLD) went up big every time in that scenario...opposite was true when there was a Fed hike and Gold was performing well - in those instances - gold was affected NEGATIVELY !!! NOT the CASE NOW (SEE Fridays spike 12/04/15) when the STREET herd the NEWS of the outstanding JOBS report - thus pretty much confirming a FED HIKE this month as proof...No Gold didn't take a hit Friday - just the exact opposite
That's why this is one of the last great buying opportunities for gold and silver. If the Fed Not Raising Interest Rates Was Bearish for Gold, Can the Fed Raising Rates Also Be Bearish?
There has been a lot of talk about how the U.S. Federal Reserve raising interest rates is allegedly going to be bearish for gold. Since gold has been able to decline for more than four years without the Fed increasing rates even once, it is illogical to conclude that a Fed rate increase will be negative for gold. It isn't reasonable that the Fed not raising rates and the Fed raising rates are both bearish for the yellow metal. Historically, as long as the Fed has been behind the curve in raising rates more slowly than inflationary expectations have been rising, the price of gold has tended to perform well during periods of Fed rate increases. It is difficult to imagine the Yellen Fed being as proactive as Paul A. Volcker had been at the end of the 1970s and in the early 1980s. The Yellen Fed seems to like to preserve its power by keeping investors guessing, and the easiest way to do that is to only raise rates when there exists the possibility of an additional rate hike. One analyst described this phenomenon concisely in this essay with which I generally agree.
I SEE a Major rebound coming...It STARTED Friday 12/04/2015
Yamana Gold Inc. (NYSE:AUY) Receives $4.63 Consensus PT from Brokerages
December 2nd, 2015
RBC Capital reaffirmed their sector perform rating on shares of Yamana Gold Inc. (TSE:YRI) in a report issued on Tuesday, StockTargetPrices.com reports.
Yup
$2.20 EOD?
Could very well get into low 20s tomarrow.
Nice day > bullish close bid stacked UP nicely vs ask.
Usually Rallys Hard at EOD here....Saddle Up
Exactly...and mid December Fed = more MOMO.....PUTIN and his antics is a Wild Card...in betting Putin doesn't disapoint.
Yamana Gold Rating Increased to Buy at HSBC (AUY) - 11/26/2015 >>>>>> Yamana Gold (NYSE:AUY) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Analyst Ratings.Net reports. http://www.marketbeat.com/stocks/NYSE/AUY/
Go back over the last 30-40 year's and you will discover that EVERY time there was a FED CYCLE-rate hike in conjunction with an over sold commodity\GOLD market, Gold went up considerably during ALL this Fed cycles.....the OPPOSITE was true in. Fed cycle when gold was already performing well......ANY WAY YOU SLICE IT, GOLD WILL BENEFIT REGARDLES IF THE FED DOES OR DOESNT ACT.....SMART MONEY KNOWS...also, of the 30-50 Mining stocks that are held by ELITE Hedge Funds, AUY is well above the average on that list that is held in thier portfolios. Granted, some are out on sidelines on gold but indicators are showing this trend is starting to reverse. Along with AUY's market cap therein lies one of the best Mining stock trades for strong upside performance.
MARKET EDGE - ETRADE UP GRADE for AUY - WEEK ENDING 11-27-2015 : LONG - BUY >>>>>>>> The current technical condition for AUY is strong and the chart pattern suggests that upward momentum should continue.
The stock has outperformed the market over the last 50 trading days when compared to the S&P 500. MACD-LT, an intermediate-term trend
indicator, is bullish at this time. Chart formation indicates a strong rising trend. Upside momentum, as measured by the 9-day RSI indicator is very
strong. Over the last 50 trading sessions,
there has been more volume on up days than on down days indicating that AUY is under accumulation, which is a bullish condition. The 50-day
moving average is pointed up but the stock is below this important resistance area. A cross above the 50-day would be a confirmation of an uptrend
Nov 27th, 2015 Yamana Gold >>>> Three Brokerages have assigned a BUY recommendation to the company. The average price among brokers that have covered the stock is $5.50 (Canadian).
Looking like it might be a down day today but who knows.
Last five minutes the bid stacked nicely,,,wants to run it seems...this wool pop.
$40k back in at $2.05...uppp we go....PUTIN sending missil battery to Syria...
Lock your buys in. Between today and next Monday - I expect GOLD to be above where it is now.
Looks like it closes above $2....I was expecting a sell off at EOD...could come in am tomarrow as I don't see the catalyst? Gold isn't up so what gives? Made $2100 in her today though so no worries.
I wonder if Turky shooting down a Prussian jet has something to do with this? Things are obviously escalating in middle east, I knew they would...Gold should start reacting in a very posative way accordingly....maybe a squeeze today ?
News today i.e. Private Placement and Secondary offering....maybe we will be UP Tuesday ? thoughts anyone?
Short squeeze very possible....Retail Gold Up nicely post xmas sales.
Seems Gold keeps bouncing. Off $87ish...nice little pop up to where we are but short term if it doesn't break that high it may fall short term. Jmho
Sticks up very close to $2....just sayin ;)
Another head fake?
been watching spot gold price,its heading up it seems.
AUY gapped UP mid way in the day to closing, wonder what was the catalyst ? The whole sector did as well...maybe this is what sent AUY UP ? >>>> November 17, 2015 - Vancouver, BC: Riverside Resources Inc. ('Riverside' or the 'Company') (TSX-V: RRI), is pleased to announce that it has acquired two large recently released mining concessions through a lottery process. The combined concessions obtained by Riverside cover approximately 2,305 hectares (~23km²) and comprises an integral part of the historic La Silla district.
Riverside has acquired a portion of the La Silla District which was formerly owned by Meridian Gold (subsidiary of Yamana Gold).
The pop that got this to $2.59 was in responce to the Fed not raising the Rate wasn't it ? I mean that was a good pop what was the catalyst?
Markets are discounting Fed rate hike in December and see no triggers for market to rise in near term says Mahesh Patil, Birla Sun Life http://economictimes.indiatimes.com/et-now/experts/mkts-are-discounting-fed-rate-hike-in-december-birla-sun-life/videoshow/49830078.cms
Markets are discounting Fed rate hike in December and see no triggers for market to rise in near term says Mahesh Patil, Birla Sun Life http://economictimes.indiatimes.com/et-now/experts/mkts-are-discounting-fed-rate-hike-in-december-birla-sun-life/videoshow/49830078.cms
No worries at all - this wool surpass yesterday's high soon....need to knock out $1.99
FED December rate hike NOT going to happen ! There was SOME decent economic data out for the Qtr (jobs & increase in pay) albeit meager. But too many questions and many other factors holding economy down along with some Troubling data not to mention rampant speculation in the Chineese Stock Market...No way the FED is raising the rate in December. You heard it First from ME ! Wait - theres MORE: http://www.msn.com/en-us/money/markets/this-part-of-the-us-economy-is-clearly-in-recession/ar-BBn4HNQ?li=AA4Zjn Traders and wall street still thinking on a rate hike in December - LMAO.Soon this will change, very soon. And then expect another pop in Gold add to that recent tensions in middle east - NO BRAINER FOLKS !! ABX - AUY
FED December rate hike NOT going to happen ! There was SOME decent economic data out for the Qtr (jobs & increase in pay) albeit meager. But too many questions and many other factors holding economy down along with some Troubling data not to mention rampant speculation in the Chineese Stock Market...No way the FED is raising the rate in December. You heard it First from ME ! Wait - theres MORE: http://www.msn.com/en-us/money/markets/this-part-of-the-us-economy-is-clearly-in-recession/ar-BBn4HNQ?li=AA4Zjn Traders and wall street still thinking on a rate hike in December - LMAO.Soon this will change, very soon. And then expect another pop in Gold add to that recent tensions in middle east - NO BRAINER FOLKS !! Go GG/AUY