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Yamana Gold, Inc. Message Board

  • thoughtfulman thoughtfulman Jun 27, 2014 12:04 PM Flag

    Is there more pain?

    Goldmanpillage and others, thought we were ready to move on up. Do we have to go through more pain before seeing light at the end of the tunnel? Please pitch in.

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    • Perhaps you can answer your own question:

      1. Central banks are operated by the Earth’s wealthiest people who don’t want, and never will, people to be in control of their destinies, which a system of honest money would allow.
      2. National currencies are under the control of banks, worldwide. PMs are the honest alternative to fiat money. Those who control the money will NEVER voluntarily relinquish that power. Otherwise manipulation of the PM sector will continue downward.
      3. Government regulators will NEVER oppose lawbreaking in the form of moving markets in directions beneficial to them. Beware those who suggest the current advance is definitely the beginning of a return to a PM bull market. Overhead resistance on charts still has not broken through. Only then is there a reasonable chance that we can say PMs have begun their long awaited uptrend.
      4. Pay attention to what the charts are saying. They are the combined wisdom of the participants, even the criminal manipulators. For many months, even years, if you watch the PM spot market you will see a definite pattern that proves manipulation is going on in all world metals exchanges. It usually goes like this: down NYMEX at open, large increase from there into mid session. Downward from there gradually into London. Then back to the upward spike at the NYMEX open again.

    • This stock is up over 10% from my entry point (with the exception of a few recent shares). Hardly what I'd call pain...

      A little backing and filling is just fine with me. I have a longer investment horizon than most here who are in it for quick bucks.

      Sentiment: Strong Buy

    • "Is there more pain?"

      Right now there are more investors worried about losing money in AUY than there are worried about making money. Unlike the prior couple of weeks when the opposite was true.

      I think most would agree, the stock below $10 is very cheap. However, with management MIA the share price is subject to the whims of technical traders, shorts and HFT's.

      We are close to 50 DMA and a 62% Fibonacci retracement. Technicians among us can give more insight.

      The gold price is of course a wild card. I'm constructive and think it can trade 20% above the cost of production.

    • Lot's of pain. Even if Gold rallies like today, AUY will plummet. Shorting more.

4.33-0.06(-1.39%)Jan 27 4:00 PMEST

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