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| AUY - Looking to go long Gold | ||
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From: yoel87 <yoelmisra...@gmail.com>
Date: Wed, 2 Sep 2009 16:02:58 -0700 (PDT)
Local: Wed, Sep 2 2009 7:02 pm
Subject: AUY - Looking to go long Gold
Gold rallied today along with all other gold stocks. Most gold stocks
today were around 10.00%. This further fuels the fact that we are in a correction. When the market goes down, people run to a safe haven (insurance), gold. Gold, today closed at $979, a level last seen in early June when it peaked and failed to go to $1000. I started looking through several gold stocks, to see if there were any opportunities going long. Most gold stocks broke through some key resistance, and tomorrow we will see if the prices manage to hold and create some support. What I noticed is that almost all gold stocks are near or at their 52 week high, which were last hit when gold had peaked in early June, when Gold was around the same price. All gold stocks but one, AUY (Yamana Gold) like other gold stocks rallied up 10.00%, closing at over $10.00, so 20.00% off its 52 week high which was hit back in early June. Therefore, I believe AUY (Yamana Gold) is lagging and therefore under priced and has the potential for the most upside among gold stocks. Other gold stocks may just hit new 52 week highs, and also go higher if gold continues its trend up, however AUY has the potential to outperform other gold stocks. Although it is true gold stocks do not reflect at 100% just the price action in gold, but this is nonetheless an interesting anomaly. That is why I'm going to try to take a long position with AUY, tomorrow, I'm hoping it pulls back a little bit tomorrow, or at least hopefully remaining around these levels. But there is a good chance it continues higher. In the following chart I have only compared 4 stocks, including AUY,
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From: none <mooglefi...@gmail.com>
Date: Wed, 2 Sep 2009 16:18:44 -0700 (PDT)
Local: Wed, Sep 2 2009 7:18 pm
Subject: Re: AUY - Looking to go long Gold
u gotta thank barrack too.
but anyhow. i think we all see gold push that line in the chart.
On Sep 2, 1:02 pm, yoel87 <yoelmisra...@gmail.com> wrote:
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From: Sal Monella <spoonf...@gmail.com>
Date: Thu, 3 Sep 2009 09:11:39 -0700 (PDT)
Local: Thurs, Sep 3 2009 12:11 pm
Subject: Re: AUY - Looking to go long Gold
Sorry if this is off topic, but in terms of the broad market
correction, was that it (Tues, Wed)? I was really expecting another day or two of selling across the board, and I keep reading about how September is always a bad month for stocks, etc. I stockpiled a little cash so I can do some shopping at corrected levels, but I don't want to blow my wad prematurely so to speak. : ) On Sep 2, 6:25 pm, Joe <joeshurgo...@gmail.com> wrote:
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From: BWL <blan...@verizon.net>
Date: Thu, 3 Sep 2009 09:59:47 -0700 (PDT)
Local: Thurs, Sep 3 2009 12:59 pm
Subject: Re: AUY - Looking to go long Gold
I would not assume that AUY is going to perform better than other gold
stocks because they still have not hit a new 52 week high. The reason they have not hit a new high is because they had a disappointing 2nd quarter which was due to some poor decisions concerning currency hedging. I still own this stock, but I think other gold miners have better mangement teams. On Sep 2, 4:02 pm, yoel87 <yoelmisra...@gmail.com> wrote:
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From: yoel87 <yoelmisra...@gmail.com>
Date: Thu, 3 Sep 2009 10:40:18 -0700 (PDT)
Local: Thurs, Sep 3 2009 1:40 pm
Subject: Re: AUY - Looking to go long Gold
Despite the market being slightly up today, it still trending down.
It's normal to see an up day after 4 straight down sessions. You won't see the bloodbaths we saw in 2007-2008 where the market would go down for like almost 2 straight weeks. What you can expect for now is see bigger and more down days than up. For example the DOW have lose a few hundred points over the past few days, and today it's up only about 30 points. Tomorrow you may see the DOW again fall 80 points, and the next day up 20. The fact is that the market has started to trend down. I think this is just an opportunity to get cheaper shares, but you should wait until the market resumes its bull run. Right now this is just a small correction, that may last anywhere from a few weeks to a a month or two. My personal belief is that we will see pullback to 8800, before continuint its bull run, which I'm willing to bet that the DOW will finish the year between 10000-11000. BWL your point about AUY is valid, but I think that as you see gold
follow my blog: http://yoel-stockpredictions.blogspot.com/
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From: "B.T." <b.t.hand...@gmail.com>
Date: Thu, 3 Sep 2009 11:15:34 -0700 (PDT)
Local: Thurs, Sep 3 2009 2:15 pm
Subject: Re: AUY - Looking to go long Gold
INSANE call activity on front month GLD today. Also January calls are
VERY heavy at $105, roughly $1,070 spot gold price. December calls covering over 2,000,000 GLD shares being traded today at the $105 strike. This is quite a lot of pressure on gold pricing today, and this week, and there is a MASSIVE amount fo open interest piled on by GS and others from 2 months ago that will need to be liquidated into this rise. The action is heavy and sudden, in the midst of some positive economic
We've talked about this endlessly on this board, but here we are, some
We have not spent enough time at gold $980/oz and we will return there
Until then, BX is set to go back under $12, and if it does, January
Gentlemen, on a somber note, I think most of us have turned at least
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From: "B.T." <b.t.hand...@gmail.com>
Date: Fri, 4 Sep 2009 05:32:08 -0700 (PDT)
Local: Fri, Sep 4 2009 8:32 am
Subject: Re: AUY - Looking to go long Gold
The data does not look so grim today, but, bottom line is unemployment
came in worse than expected, inching higher. It may not have too big an impact, as most people are waiting to cross the magic 10%, but still, this could be enough to push gold over $1,000 You must Sign in before you can post messages.
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From: "B.T." <b.t.hand...@gmail.com>
Date: Fri, 4 Sep 2009 05:47:00 -0700 (PDT)
Subject: Re: AUY - Looking to go long Gold
AUY is merciless in pre-market here. Gold moves down like $1.50 and
AUY falls $0.15, craziness! If employment data is going to be any kind of catalyst I think we'll have to wait for markets to open. You must Sign in before you can post messages.
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| Subject changed: 9/3 AUY - Looking to go long Gold |
From: Live the Dream 101 <chrisvall...@gmail.com>
Date: Fri, 4 Sep 2009 07:53:17 -0700 (PDT)
Local: Fri, Sep 4 2009 10:53 am
Subject: 9/3 AUY - Looking to go long Gold
Hey all, it's been awhile, still holding from $8.78. Question for BT/
Arturo or anyone else with TA/insight that's better than mine. What do you all think about the "4697381 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $10.622" (from google blog). I know we already hit 10.80 the other day, just curious what everyone is thinking going into the holiday weekend? On Sep 4, 8:47 am, "B.T." <b.t.hand...@gmail.com> wrote:
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From: "B.T." <b.t.hand...@gmail.com>
Date: Fri, 4 Sep 2009 09:14:25 -0700 (PDT)
Local: Fri, Sep 4 2009 12:14 pm
Subject: Re: 9/3 AUY - Looking to go long Gold
Interesting... last time this came up was in late May. We had a spike
in gold prices which finally helped to realize amazing 1st qtr earnings. Back then, I believe the "trigger" price was $8 and change as well as a larger number of shares. To see it elevated to $10.62 now is really quite significant, and since the market opened today AUY has been less influenced by spot gold, telling me that traders are taking their money or even getting short here. I have not looked at options trading today yet though. There was anticipation that jobs numbers were really going to be nasty and this has shown to not be the case. The problem is that I think these releases come out after-the-fact. I
Short interest of about 4.5 million shares is really not much to shake
Also AUY's 200 and 50 day sma are both uptrending now. The 50-day has
Art where are you man? It's not the same without the whole point/
On Sep 4, 10:53 am, Live the Dream 101 <chrisvall...@gmail.com> wrote:
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From: Patrick <patrickpbren...@gmail.com>
Date: Fri, 4 Sep 2009 11:27:55 -0700 (PDT)
Local: Fri, Sep 4 2009 2:27 pm
Subject: Re: 9/3 AUY - Looking to go long Gold
yea, right now we're looking at the 1,000 resistance level, and I
think it will take a news event to jump above that. I see us dropping back down next week after bouncing off the 1,000
On the other hand right now is a perfect time to take some profits.
On Sep 4, 12:14 pm, "B.T." <b.t.hand...@gmail.com> wrote:
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From: Live the Dream 101 <chrisvall...@gmail.com>
Date: Fri, 4 Sep 2009 13:24:45 -0700 (PDT)
Local: Fri, Sep 4 2009 4:24 pm
Subject: Re: 9/3 AUY - Looking to go long Gold
BT/Patrick - Pretty much what I was thinking, but it's always good to
hear it from someone like you two who always have solid posts. Like I said, still in at 8.78, maybe should have sold today and waited to bounce off of 1000 resistance/next dip to jump back in, but I'll take the chance and hold over the weekend. It Auy holds in the 10s on Tue, I'll probably dump and wait for another entry. Enjoy the holiday! On Sep 4, 2:27 pm, Patrick <patrickpbren...@gmail.com> wrote:
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From: "chris.gerets" <chris.ger...@telenet.be>
Date: Tue, 8 Sep 2009 07:31:10 -0700 (PDT)
Local: Tues, Sep 8 2009 10:31 am
Subject: Re: 9/3 AUY - Looking to go long Gold
Did you sell your shares 'Live the Dream'? I'm in same situation as
you, in at 8,77. On 4 sep, 22:24, Live the Dream 101 <chrisvall...@gmail.com> wrote:
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| Subject changed: 9/8 Yamana Gold Discussion |
From: Live the Dream 101 <chrisvall...@gmail.com>
Date: Tue, 8 Sep 2009 07:52:37 -0700 (PDT)
Local: Tues, Sep 8 2009 10:52 am
Subject: 9/8 Yamana Gold Discussion
Still holding, honestly, I was watching yesterday when gold hit 1000,
european and asian markets were in the green, and thought for sure gold would bounce back down under the 1000 resistance, but it seems to be holding thus far. Thinking about selling, but I think gold prices may have a little more room to run up this week before heading south. Any thoughts from anyone else? On Sep 8, 10:31 am, "chris.gerets" <chris.ger...@telenet.be> wrote:
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From: Sal Monella <spoonf...@gmail.com>
Date: Tue, 8 Sep 2009 13:34:03 -0700 (PDT)
Local: Tues, Sep 8 2009 4:34 pm
Subject: Re: 9/8 Yamana Gold Discussion
Dang, I wish I would have gotten my sell order in early. Any thoughts
on if AUY will push over $11 again this week? On Sep 8, 8:52 am, Live the Dream 101 <chrisvall...@gmail.com> wrote:
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From: Live the Dream 101 <chrisvall...@gmail.com>
Date: Wed, 9 Sep 2009 05:15:22 -0700 (PDT)
Local: Wed, Sep 9 2009 8:15 am
Subject: Re: 9/8 Yamana Gold Discussion
Yeah, I hate to see it drop as well, but I'm currently into a lot of
longer term investing, not making a whole lot of "trades" so to speak, if Yamana dips further I'm still holding on the long term inflation play, have to have some type of hedge in the portfolio. Strange though, as of 8 am gold is back up around 998 and Yamana is down in pre-market. Maybe a lot of sellers anticipating gold to continue its decline. If gold holds, maybe we'll have a re-bound. Thoughts? On Sep 8, 4:34 pm, Sal Monella <spoonf...@gmail.com> wrote:
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From: Sal Monella <spoonf...@gmail.com>
Date: Wed, 9 Sep 2009 06:50:13 -0700 (PDT)
Local: Wed, Sep 9 2009 9:50 am
Subject: Re: 9/8 Yamana Gold Discussion
I don't like seeing gold up and AUY flat, then gold down and AUY
down. Rinse, wash, repeat. I'm not in at a very good price (9.70), so while I'd like to hold out for $11/share, I'm thinking of taking Steve Miller's advice (take the money & run), then wait for a better entry price. On Sep 9, 6:15 am, Live the Dream 101 <chrisvall...@gmail.com> wrote:
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From: Patrick <patrickpbren...@gmail.com>
Date: Wed, 9 Sep 2009 07:32:55 -0700 (PDT)
Local: Wed, Sep 9 2009 10:32 am
Subject: Re: 9/8 Yamana Gold Discussion
AUY and the other miners are excellent long term holds. But are
popular on the boards b/c they also tend to be predictable and easily tradeable from a technical standpoint. I'm bummed that I got out around 9.70, but not too bummed as I'm sure
Right now gold looks great with one major risk factor. If the broad
As long as the broad market holds up, 1033 is the new target to
On Sep 9, 9:50 am, Sal Monella <spoonf...@gmail.com> wrote:
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From: BWL <blan...@verizon.net>
Date: Wed, 9 Sep 2009 09:27:06 -0700 (PDT)
Local: Wed, Sep 9 2009 12:27 pm
Subject: Re: 9/8 Yamana Gold Discussion
I'm out of this stock now. It is not behaving as well as other gold
miners and I no longer have confidence in the management. If and when I re-enter the gold market it will be with another company. On Sep 9, 7:32 am, Patrick <patrickpbren...@gmail.com> wrote:
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From: maverick <BIGCAT...@VERIZON.NET>
Date: Wed, 9 Sep 2009 09:59:13 -0700 (PDT)
Local: Wed, Sep 9 2009 12:59 pm
Subject: Re: 9/8 Yamana Gold Discussion
Ive reduced mostly all my exposure in the miners for now. If one
asks me....golds traded higher off technicals lately which is always dangerous to stay long. You cant hold the bag with gold, when you do, you get the "Zinger". I havnt been following it or charting it so I'll not reply about its future until I put some time in. Ive been playing biotech lately, and just went short the SnP. but GL to the longs..truly. On Sep 9, 12:27 pm, BWL <blan...@verizon.net> wrote:
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From: Sal Monella <spoonf...@gmail.com>
Date: Wed, 9 Sep 2009 11:30:21 -0700 (PDT)
Local: Wed, Sep 9 2009 2:30 pm
Subject: Re: 9/8 Yamana Gold Discussion
Out @ 10.27. I'll be kicking myself when AUY blows up to $15
tomorrow :) Or maybe I'll be relieved when it takes a nosedive to $8... time will tell. On Sep 9, 10:59 am, maverick <BIGCAT...@VERIZON.NET> wrote:
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From: Live the Dream 101 <chrisvall...@gmail.com>
Date: Wed, 9 Sep 2009 11:47:31 -0700 (PDT)
Local: Wed, Sep 9 2009 2:47 pm
Subject: Re: 9/8 Yamana Gold Discussion
My setiment exactly, in @ 878 out @ 1022, I got greedy on the last
pop, and held too long. Like I said, was planning on holding, but I don't like the way AUY is behaving. I'll wait for the next dip and rebuy. On Sep 9, 2:30 pm, Sal Monella <spoonf...@gmail.com> wrote:
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From: "B.T." <b.t.hand...@gmail.com>
Date: Wed, 9 Sep 2009 21:13:26 -0700 (PDT)
Local: Thurs, Sep 10 2009 12:13 am
Subject: Re: 9/8 Yamana Gold Discussion
Well, finally back working on the road. Back on the west coast for the
next few weeks... anyone paying attention may remember way back when I asked Ash about local "services" that may be available. Anyway, that was a lot of good and bad calls ago. Looks like the board sentiment, as well as my own, were right about the pullback, but I haven't been able to spend the proper time digesting the macro economic, geopolitical, and spot gold issues. I'll tell you what else... living on the west coast teaches you one lesson in a hurry: the earth functions on eastern standard time! mav- we talked about GE a few times on here, from being a "dirty girl"
On Sep 9, 11:47 am, Live the Dream 101 <chrisvall...@gmail.com> wrote:
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From: Live the Dream 101 <chrisvall...@gmail.com>
Date: Thu, 10 Sep 2009 07:09:05 -0700 (PDT)
Local: Thurs, Sep 10 2009 10:09 am
Subject: Re: 9/8 Yamana Gold Discussion
Hey BT, good to hear from you, stay in touch. That's funny about GE,
I've been watching as well, waiting for a dip. As for AUY, another day of erratic behavior, gold is down from yesterday, and AUY is up...glad to be out, I'm still ong on gold and inflation, but waiting for another entry point. -Live the Dream
On Sep 10, 12:13 am, "B.T." <b.t.hand...@gmail.com> wrote:
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From: maverick <BIGCAT...@VERIZON.NET>
Date: Thu, 10 Sep 2009 08:01:03 -0700 (PDT)
Local: Thurs, Sep 10 2009 11:01 am
Subject: Re: 9/8 Yamana Gold Discussion
Ive been out of GE since 14 or so. The only stock m holding at the
moment is CTIC. And a large sum of it. Ive been tracking it for awhile...Theres a lot of news thats been targeted for the next two weeks or so, so thats where Im parked. If anyone decides to chew on a little just make sure you set a stop of 1.4. By the time it gets to 1.35 that will trigger too many stops and your loss will great. GL.Mav On Sep 10, 10:09 am, Live the Dream 101 <chrisvall...@gmail.com>
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