Fundamentally driven
I think that is the case for Yamana and for Gammon Lake (GRS, GAM.TO), which is the reason I am holding both of them.
GRS recently did a resource update and they own 25% of Mexgold, which reported positive operations update and drilling results this week.
I sold BGEIX, American Century Global Gold this past Monday, and Goldcorp on Tuesday - and did not buy them back - and don't intend to buy the fund back - that one goes back to 2002 when I was first learning about mining stocks.
I like being able to hold for at least a few months a lot more than I like trading - it is more consistent with my time demands for now. At the same time, I like making money and on Monday it gold was heading for the toilet. It may the case that AUY and GRS are just going to take longer to flush because of the fundamentals - but it may also be the case that they don't get flushed, to continue with the toilet metaphor :).