Yamana Gold Share Discussion Threads

[mad jack mcmad] 13/2/2008 18:20

Goin' up in Toronto - should be better tomorrow.

[leedskier] 11/2/2008 15:52

The Yanks are selling it off this afternoon...they must be expecting the Fed to lend Barrick some...but when I last looked POG was still up on the day.

[ukgeorge] 11/2/2008 11:35

should be the daily bounce up at 2:30 today gold doing well. hoping that these take out their old highs soon and move on higher.

[leedskier] 08/2/2008 16:59

Yes a nice finish to what was looking like a sad week.

[mad jack mcmad] 08/2/2008 15:26

Thank you again, Canada! S'lut!

[mad jack mcmad] 08/2/2008 09:14

2.30 pm the Canadian markets open. Have been a little disappointed by the action recently, but it has given me a chance to dump all non-producers and load up with YAU!

[ukgeorge] 08/2/2008 09:11

these should rise today gold has done well over night , bounce up at 3;30 hopefully

[leedskier] 07/2/2008 14:32

Fed has just dropped the price of gold before the NYSE opened

[ukgeorge] 05/2/2008 16:48

ive added a few up bets in the last few days a bit early with the first but opened a couple just before close today and think they are near the bottom.

[ukgeorge] 05/2/2008 11:27

probably drop at 2:30 and offer a good price to get in . the up side potential is far greater than any down side risk IMHO.

[leedskier] 01/2/2008 21:59

Gold Sinks to Give Back All of the Week's 2.4% Gains as Fed Vows to Fix Banking Crisis, Dollar Bounces
Gold Prices sank $25 in thirty minutes at the US open on Friday as the Federal Reserve vowed to fix the world's on-going credit crisis with a series of $60 billion cash auctions every fortnight – precisely the sum that analysts at Goldman Sachs earlier warned US banks may lose in 2008 on bad commercial real estate and subprime residential mortgage investments.

After rising to new all-time highs above $936 per ounce, the Gold Market had already begun ticking lower as the opening bell drew near despite news that US employment pay-rolls shed 17,000 jobs in Jan.

Wall Street economists had expected a 55,000 increase.

The Gold Price then lost another 2.1% in the sharpest fall since May 2006 when the US Census Bureau said Construction Spending rose in Dec. The ISM Manufacturing index also showed a surprise increase for last month.

Back in Washington, the US Fed – which has now slashed Dollar lending rates by 225 basis points to 3.0% since the global banking crisis began last summer – put no time-limit on its new, extra-ordinary auctions of banking liquidity, promising to hold them every two weeks "for as long as necessary to address elevated pressures in short-term funding markets."

[mad jack mcmad] 01/2/2008 12:58

UKGeorge, I'm looking at catching RRS up at £25!

[ukgeorge] 01/2/2008 12:55

£9+ here we come. best gold share in the uk.

[mikkydhu] 01/2/2008 10:32

Mad Jack,

Just so! But seems weird. Producers over here with proven production records are now moving up smartly. This one will at about 2.30pm as you say.

[mad jack mcmad] 01/2/2008 10:29

Dunno, but it gives you the whole morning to buy before it takes off at 2.30 pm! I'm quite happy with that.

[mikkydhu] 01/2/2008 10:27

It's strange how little this stock is traded here when many millions are traded every day across the Atlantic. Why do they have a listing here?

[leedskier] 29/1/2008 17:39

a good day notwithstanding a drop in gold prices

[leedskier] 28/1/2008 19:59

This is up tonight in both New York and Toronto.

[leedskier] 28/1/2008 10:29

Hot off the smelter...

Metals - Gold up on S African supply outages as investors eye rate cuts UPDATE

(Updating with full report)
LONDON (Thomson Financial) - Gold was higher as the power shortage that
closed mines across major producer South Africa last week continued to crimp
output today, with buying interest boosted by expectations of further interest
rate cuts in the US and elsewhere.
Both gold and platinum remain within touching distance of the record highs
they hit on Friday, after South African utility Eskom told miners to cut power
use or face possible loss of supply.

[mad jack mcmad] 28/1/2008 10:02

Blackmont: Yamana Offers the Best Combination of Risk and Reward
posted on: January 27, 2008 | about stocks: AUY
Print Email

It looks like 2008 is going to be one busy year for Yamana Gold Inc. (AUY).

Last week, the gold miner provided updates on a slew of projects, ranging from its Chapada mine, where preliminary studies justified a feasibility study for extraction of an additional 320,000 ounces of gold and 94 million pounds of copper, to the El Penon mines where resources have been expanded by an additional 259,000 ounces on new resources.

[leedskier] 27/1/2008 20:47

posted on CEY:

""BlueLynx - 27 Jan'08 - 20:02 - 9466 of 9466


Quite interesting Videos about Gold surpression, one for the Gold Bugs.

Part 1:




Part 2:




Part 3:

""


But see:



Sunday, January 28 - 2007 at 10:05

IMF gold trading rule changes set to boost the gold price
The International Monetary Fund is in the process of revising the laws that govern the trading of gold by the world's central banks which will radically change the ability of central bankers to suppress the gold price, a major factor depressing the price of the yellow metal that has been an open secret for years.


This sort of systemic market reform will likely have a huge impact on the gold market. It is like the 'Big Bang' changes to world stock markets that started in the 1980s and led to an explosion in equity ownership and higher price-to-earnings ratios.

That gold prices have been artificially depressed for decades is not hard to establish. Consider the nominal peak oil price last year of $78-a-barrel, twice the previous nominal peak value reached in 1980. Gold by comparison hit $725 an ounce last year, yet is still below its nominal peak value in 1980.

What has been happening is that central bankers have been swapping and loaning gold in the gold market to keep the price down to produce another false indication that inflation is under control.

Some analysts allege that they have actually now lent considerably more gold than they have in their vaults, so the world's gold's reserves are smaller than reported; and the lack of gold audits from central banks just adds to this suspicion.


IMF review
The IMF has been reviewing all aspects of the gold trade by central banks for the fifth edition of its Balance of Payments Manual which includes the regulations governing gold swaps and loans. IMF officials told ResourceInvestor.com that a draft edition will be posted for worldwide comment within two months.

It remains to be seen whether the central banks now manage to sabotage this attempt to control their alleged gold market manipulation. But the very publication of the draft rules, which have clearly been endorsed internally by the IMF, throws down a major challenge to the banks.

For gold traders, and even the general public, the suppression of the gold market is pretty obvious. Market news that should move the gold price up is often anticipated by the central banks which appear to shuffle a few transactions between themselves to send the price in the opposite direction.


Gold cartel to fall?
But such is the growing size and interest in the gold market that participants are increasingly ganging up in protest at such blatant manipulation that would not be tolerated in any other financial market. It looks as though the IMF has decided that enough is enough and decided to call it a day.

The ending of any price suppression or cartel in a market is usually a bullish signal. What would the gold price be in a free market without the central banks swapping and loaning gold amongst themselves?

Well, it does not take much imagination to see that a rebalancing of gold's position relative to other assets and currencies would follow. That the IMF has now put the gold market out for open discussion is clearly the first step towards a new era for the yellow metal.

How long that era will take to arrive is still a matter of conjecture. But the idea of stocking up on gold while prices are still low has intrinsic appeal; or buy silver or other precious metals which would also rise alongside the gold price, perhaps even higher.

[leedskier] 25/1/2008 09:53

Metals - Gold, platinum hit records as dollar weakens, jitters linger UPDATE

(updates prices, adds details, adds platinum high)
LONDON (Thomson Financial) - Gold surged to a record above 920 usd per ounce
as the dollar weakened overnight, oil prices rose, financial jitters lingered
and as mine stoppages in key producer South Africa sparked supply concerns.
Higher stock markets in Asia and London after Wall Street made gains
yesterday also boosted sentiment, even though in the longer term major worries
over the global economy remain.

[ukgeorge] 25/1/2008 09:21

i think these will jump at 2.30 to the old highs that we had last week.
Gold is at $918 and has been as high as $923.
These i think are going to be the best performing gold share in the UK in the next couple of months.

[mad jack mcmad] 24/1/2008 16:29

CHICAGO (ResourceInvestor.com) -- For Yamana Gold [NYSE:AUY; TSX:YRI] investors who were concerned about the wisdom of last year's Meridian Gold acquisition, today's news should have been quite soothing.

Not only did the company provide a nice resource and production upgrade on its El Penon project (acquired from Meridian), but it also unveiled news on two of its in-house projects. While there was nothing eye-popping in the reports, they did the job of backing up CEO Peter Marrone's promises, and showing how Yamana has secured its future as a growth-oriented miner.