Yamana Gold Share Discussion Threads

[mad jack mcmad] 27/6/2008 16:03

Gold miners eg homestake did well in the 20's -30's!

Chart courtesy of Jesse:

[yf23_1] 27/6/2008 16:00

Yes, but I don't think you can have a new high in non-oil resource stocks as any further gain in commodity prices will just mean a setback in demand.
Thus, when the market figures this out resource stocks will drop but consumer/manufacturing stocks won't recover as the inflation is already in the system and even commodity prices will still be at a level thats reducing demand.

[d s patterson] 27/6/2008 15:46

There was I complaining about the spread, my 800p level seems to have been bypassed.

[d s patterson] 27/6/2008 08:30

wide spread come on mm's close it up a bit.

[d s patterson] 26/6/2008 21:49

Good luck with the holdings jack and may the tattoo bring you some extra luck on top!

yf - interesting point, reduced demand effects with oil at a new high? there isn't reduced demand then?. The way I see it is 2 bln indians and chinese aren't going to stop this massive industrialisation process we in the west are in for a few hard years after a few credit based good years.

This present sell off will merely sort the wheat from the chaff as indeed these processes are designed to do, we been eher before as they say.

I don't believe this is a genuine all-out bear market look at BP and a few other stocks they are pretty near their 200 day ma's still, I'm of the view BLT will bottom and we'll see some very rapid up days at some point. I've some powder dry.

[mad jack mcmad] 26/6/2008 21:46

Personally, I reckon demand from China and India is enough to hold the big miners afloat at least for a few years. I may well be wrong, though! I don't mind if BLT drops as I bought around £9 and it pays a decent divvy. I think the gold miners are a different kettle of fish and should soar, if the mixed metaphors work.

Thanks for hosting this thread, by the way., yf.

[yf23_1] 26/6/2008 21:39

Mad Jack
Do you not think the 2nd leg of the bear market is now happeneing in that he big miners are now also succumbing to reduced demand effects. The miners have held the indices up, where in fact the rest of the market is dire.
Now, if the miners drop, there will be nowhere to hide and fear will feed on itself.

[mad jack mcmad] 26/6/2008 21:10

No, not bullionvault - have bought through Chard. My main holdings are 1, physical, 2 YAU, 3 OIL, 4 RRS, 5 BLT and then NUS, GMA and EPO as speculative, along with some Canadians, BMK.V and AUG.V. In retrospect, if I'd just put the money I've spent on juniors straight into RRS and YAU and not tried to be clever, I'd be a lot better off!

Best of luck and congratulations on joining the 1% of the population who have any gold investments! As the bloke who did my tattoo (40th b'day present to myself) said - "that's one more of us, and one less of them!"

[d s patterson] 26/6/2008 20:59

Certainly no probs jack, you would be surprised how little people know about these shares and how few are actually invested and partly for this reason I believe the buying hasn't even started yet in ernest.

I'm a little behind in investment in the speculative aspect but it's definately on my radar, I'm a long term Bp investor/glutton for punsihment.

the problem was after buying the coins was understanding what a producer actually is - I have a decent idea now after alot of midnight reading. I spent a long time looking at bullion vault and the other similar operations and etf's etc without comming to a satisfactory conclusion.

have you much experience of bullion vault?

[mad jack mcmad] 26/6/2008 20:40

Excellent, and thank you DSP! Much the same as me - bought some Krugers at $380 as my first significant gold investment, got more coins, then started buying producers - currently holding Randgold and Yamana, with GMA as a more speculative play that should do well in the longer term, although having difficulties at the moment.

[d s patterson] 26/6/2008 20:31

Although it's a bit early to be breaking open the champagne I would just like to thank mad jack mcmad for your help in earlier posts.

I bought physical gold (krugerrands) at £300 per ounce years ago and always felt that some gold shares would seal the position nicely and yau seems to fit the bill perfectly.

[mad jack mcmad] 26/6/2008 20:16

Nicely up over the pond!

[d s patterson] 26/6/2008 17:52

great stuff again today dipped my toe in a few days ago looking to add nearer 800p should we get there.

[d s patterson] 24/6/2008 19:05

In the time I've been dithering it's up 8% allready

[yf23_1] 20/6/2008 02:06

I wish AVDFN would sort out the erroneous 900p every day on the candlesticks.
Probably due to an MM opening early with a wide spread like 1100/700.

[mad jack mcmad] 19/6/2008 12:58

I won't post the whole RNS

[mad jack mcmad] 19/6/2008 12:28

Nice drill results should stir up some interest.

[ukgeorge] 18/6/2008 22:22

gold, silver, yamana, hoshschild mining and peter hambro all making one big triangle i sure hope they all break to the upside. eum also which i have just been screwed over by, dam spread bets. role on $1200+ gold.

[mad jack mcmad] 18/6/2008 11:32

DSP - if you look at RRS and YAU over last five years, they seem to be pretty much level-pegging.

[mad jack mcmad] 16/6/2008 13:44

A crafty long before lunch might work!

[mad jack mcmad] 16/6/2008 12:02

Randgold, RRS, seems to track the POG more closely. One thing about YAU is that it tends not to do anything before the US and Canadian markets open - 2.30 pm uk time.

[d s patterson] 13/6/2008 21:35

Thanks - I am researching further. What would be perceived as the downsides?

other than someone finding a way to make real gold at £2 an ounce by smelting a few different metals and something secret together in a crucible and posting the video on youtube?

[mad jack mcmad] 13/6/2008 20:10

I think it's better than a proxy as it's expanding! Personally in it long term.

[d s patterson] 13/6/2008 19:47

Do you folks think yau is a decent proxy for actual gold movement? my own limited research say it is - the 50 and 200 day ma's look very similar.


How are people investing in this? long or short term