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Yamana Gold, Inc. Message Board

goldmanpillageandsack 514 posts  |  Last Activity: 8 hours ago Member since: Apr 27, 2010
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  • goldmanpillageandsack by goldmanpillageandsack 8 hours ago Flag

    When Yamana hedged 60% of their 2015 production at $3.00 they really helped the bottom line. With cost of production running at less than $1.35, profits will be maintained in a deflationary environment.

    I hope they hedged their silver production at $18.00 because silver is taking a beating today...

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack 8 hours ago Flag

    So much for holding $1,300.

    We have retraced part of the recent gains now and if the uptrend resumes, look for a test of $1,360…

    IMO, this is tradable.

    Sentiment: Strong Buy

  • Reply to

    $1,300 broken:

    by goldmanpillageandsack Jan 22, 2015 11:00 AM
    goldmanpillageandsack goldmanpillageandsack Jan 28, 2015 12:48 AM Flag

    OK… Gold futures options contracts were settled yesterday (the 27th) and now we get to see a clearer view of price discovery on the price of gold now that the slam down from $1,300 is complete.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 24, 2015 5:29 AM Flag

    It is often said that the first casualty of war is the truth. We are in a full blown Currency War and history is repeating itself.

    First there is a Curency War.
    Then a Trade War.
    Then a Hot War.

    The Fed has been stating that it would raise interest rates (lying) for several years to jawbone bond and dollar buying (to strengthen the value of the dollars it printed and handed to it's Banking Cartel during QE.)

    The EU said and its treaty stipulates that it would not have a bond buying program, it was all a lie and now we have 60 billion Euros being printed each month and handed to the banks to buy bad assets and transfer them on to the taxpayers. The lies #$%$ and on and the truth is the casualty...

    The Currency War is now in full swing and moving toward becoming a Trade War. Nation after nation is devaluing their currency in the wake of the Fed's massive QE program of 2008-9 and we are now importing deflation as their products cost less to produce and transport.

    The collapse of oil prices magnifies the deflationary forces within our economy and prevents the Fed from raising interest rates.

    The first tariff discussions are being held and those discussions will create the Trade War.

    And so it goes...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 24, 2015 3:42 AM Flag

    TAG has managed to stay above the $1.00 share price. I did not think it could, so I'm trying to figure out why?

    I am thinking that it comes down to the fact that TAG is not in debt and is not paying interest on previous development and infrastructure. They paid as they went and are not caught out like other drillers servicing debt in an environment of falling prices.

    Of course we have to watch out for possible share dilution as TAG has used share sales to replace borrowing as a means to access capital.

    So for now it is pump and sell what oil has been developed and grow capital until the price rises again.

    Prices will likely rise again in late 2015 when the over-leveraged drillers shut down drilling programs as access to capital dries up (pay attention to rig counts).

    I can finally make a case for this company to be worth some additional investment for anticipated returns starting in 2016.

    Before adding to my position, I'll analyze this quarters production and revenue achievements carefully as the new reality of lower prices will be clarified in forward cash-flow projections. If they produce according to projections for a change, that will help.

    Sentiment: Hold

  • Reply to

    Real reason for Euro Bond Buying...

    by goldmanpillageandsack Jan 22, 2015 12:10 PM
    goldmanpillageandsack goldmanpillageandsack Jan 23, 2015 8:58 AM Flag

    Yes. At least mitigate the effects of grexit.

    Time will tell...

    Sentiment: Strong Buy

  • Reply to

    Real reason for Euro Bond Buying...

    by goldmanpillageandsack Jan 22, 2015 12:10 PM
    goldmanpillageandsack goldmanpillageandsack Jan 23, 2015 4:33 AM Flag

    Answers in order:

    1. None of the bond buying is of Greek bonds, so no.
    2 They have made their decision to default. BUT massive pressure will be applied to force them to continue austerity.
    3. Bond buying can not benefit Greeks.
    4. It is inevitable that Greece will leave the union.

    It is also inevitable that the EU will fail and disband because you can not have a fiscal union without a political union.

    Sentiment: Strong Buy

  • Reply to

    All miners in the red

    by tikas2709 Jan 22, 2015 5:08 PM
    goldmanpillageandsack goldmanpillageandsack Jan 22, 2015 6:08 PM Flag

    Corruption in the financial markets? Surely you jest…

    One trend I have been observing to be about 80% true is that if the mining companies do not confirm the uptrend in the price of the metal, gold goes down… If gold keeps bucking the trend, we could be at the beginning of a breakout.

    Sentiment: Strong Buy

  • Reply to

    $1,300 broken:

    by goldmanpillageandsack Jan 22, 2015 11:00 AM
    goldmanpillageandsack goldmanpillageandsack Jan 22, 2015 12:34 PM Flag

    You bet I am! (BTW, I gave you a thumbs up) critical thinking is important!

    A couple of things come to mind:

    The fact that the "Bonanza" zone at Canadian Malartic had a claim on it by a former Goldcorp executive was missed is a biggie.

    The lawsuit in Argentina is another sticky wicket that could have been better negotiated and settled well before the politically motivated valuation was imposed.

    Regarding the issuance of new shares, It is now certain that the offering will fill the over-allocation as well. So that means $290 million…

    I'm out of time for posting… Enjoy!

    Sentiment: Strong Buy

  • Reply to

    $1,300 broken:

    by goldmanpillageandsack Jan 22, 2015 11:00 AM
    goldmanpillageandsack goldmanpillageandsack Jan 22, 2015 12:25 PM Flag

    All true statements. Add the fact that plans to develop new mines or expand production were shelved and large scale mines put on hold, we have a potential production gap developing for gold in the short term, silver in the mid-term and copper in two years.

    Sentiment: Strong Buy

  • Reply to

    Goldman Sachs COO+President Gary Cohn at Davos

    by evilwallstreet Jan 22, 2015 10:47 AM
    goldmanpillageandsack goldmanpillageandsack Jan 22, 2015 12:19 PM Flag

    Morrone has built this company from scratch and he has a huge vested interest in it's success. That said, he has made a bunch of enemies and has failed in his due-dilligence several times in buying assets that were overvalued. hence he gets a lot of bad press!

    Then again, he has bought many GREAT assets and actually produces over 1.2 million ounces of gold and another 200 thousand ounces in equivalent production of other metals.

    You are correct in that he will use the money to build production. Cerro Morro is moving forward and expansions at El Pinon and Chapada are in the works since large additional deposits have been discovered…

    Marrone's move to hedge 60% of copper production at $3.00 for 2015 was simply brilliant!

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 22, 2015 12:10 PM Flag

    The real reason for Europe's 60 billion per month buying program is the fact that the Greek elections on Jan 25th are shaping up to be a disaster for the Banking Cartel. At this time it appears that there will be an outright victory for the anti-austerity party and that Greece will re-negotiate their debt or simply default.

    The result of the Greek default will be shocking as the other EU nations have all pledged to back the Greek bailout with funds that do not exist. In short, the Greeks are in perfect position to "call the bluff" on the ECB and IMF's bailout scam.

    So, This bond buying program is a preemptive positioning to create liquidity when the Greeks drop the bomb on the EU. It reminds me of the "Little Mouse That Roared" story…

    Bottom line is that the EU will need QE of THREE TRILLION EUROS to paper over the freeze up of liquidity as counter-parties refuse to honor their side of agreements since they can-not collect on their derivative protections. When things go bad for the banks… Gross exposure becomes Net exposure when the counter-parties can not, or will not pay up…

    Code Brown time for the Banking Cartel!

    At least they can print their own toilet paper ;-)

    Sentiment: Strong Buy

  • Reply to

    Goldman Sachs COO+President Gary Cohn at Davos

    by evilwallstreet Jan 22, 2015 10:47 AM
    goldmanpillageandsack goldmanpillageandsack Jan 22, 2015 11:49 AM Flag

    Spot on! This Currency War has been brewing for many years now and although most ignore it, Many are getting the idea.

    In other news:

    1. The Danish Kroner is about to be forced to abandon it's peg to the Euro as its interest rates are now negative in an attempt to maintain it.

    2. The Greek elections are only four days from now. EXPECT FIREWORKS! This is because the Greeks will now threaten to or outright default on the 250 billion bailout package which is only backed by thin air promises!

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 22, 2015 11:00 AM Flag

    OK, first hurdle has been accomplished. Now it is time to see if gold can hold (or better yet) break through decisively.

    With so many countries printing themselves into oblivion, the pressure to buy gold is increasing. Imagine holding Euros, Yen, Rubles, Rupee's, Canadian, Australian or New Zealand dollars right now and watching the price of gold soar relative to your currency. Demand on a worldwide basis for gold is undergoing a surge of pressure because of the "free to print at will" mentality that accompanies he deflationary forces of falling oil prices.

    Falling prices have a deceptive relationship to the price of gold. Because Central Banks print so much paper during deflationary bouts, currencies are diluted and gold trends upward. Price inflation inevitably catches up and real interest rates go negative and that is the inflection point where gold moves strongly higher.

    We are in a "sweet spot" for trading over the next few months as "buy the rumor, sell the news" plays against futures and option expirations in a high physical demand environment. The "Paper traders" of gold are not going to go down without a fight!

    Timing is everything!

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jan 21, 2015 8:10 PM Flag

    No, I do not. We have been at $20 twice before. But it sure would be tradable.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jan 21, 2015 12:50 PM Flag

    I think that Bollinger is making sensible trades and the odds are in his favor.

    Marrone is getting up there in years and will no doubt be thinking about getting out within the next 5 years… Oh to be a fly on the wall when his wife or mistress states that she wants him to retire and spend the rest of their lives on the yacht…

    Timing is everything...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 21, 2015 11:28 AM Flag

    Just a month ago Goldman Sachs mouthpieces were spouting off that gold would fall to $1,050 this year and then possibly into the $800 range the year after. Of course they were simply mis-directing people so they could take their positions at a nice discount.

    Goldman also pounded the table on "Peak Oil" and told their clients that $200.00 per barrel was imminent and oil would never fall below $200 once it happened. The Gullibility of the financial press and the fools that follow GS's recommendations are laughable.

    This is the first of several challenges of the $1,300 level for gold, but a breach seems inevitable with the EU about to unleash Bazooka style QE… Fighting deflation with unlimited gifting of money to the Banking Cartel can only devalue the Euro and all other currencies as they print themselves into oblivion.

    Buying the producers of gold (like Yamana) is a simple act of capital preservation in an unbalanced world where the bombs and rockets of Currency Wars rain down upon those who fail to see history repeating itself.

    Unrestrained printing of paper currencies does not matter… Until it does...

    Sentiment: Strong Buy

  • Reply to

    Earnings

    by thoughtfulman Jan 16, 2015 1:31 AM
    goldmanpillageandsack goldmanpillageandsack Jan 16, 2015 11:36 AM Flag

    It will be an interesting quarter for sure as they have the opportunity to throw all bad news into the quarter to get it behind them… But keep in mind that they have pre-announced that they have made production expectations of 1.4 million GEO's and stated that production costs were around $825. With this cost structure, It will be hard for them to miss their numbers.

    I give you a thumbs up for thinking about it.

    BTW, do not be surprised if they make an acquisition soon. This company has grown through buying undervalued assets and bringing them into production efficiently.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jan 16, 2015 11:27 AM Flag

    Yamana's management got this one right when they hedged 75 million pounds of copper at $3.00. Copper has crashed to sub $2.50 level and the hedge represents 60% of production.

    Annual production of gold, silver and copper were in-line with expectations and costs have come in with execrations for 2014 at 1.4 million GEO's.

    Gold appears to be breaking out again…

    Sentiment: Strong Buy

  • Reply to

    Considerations for 2015

    by goldmanpillageandsack Jan 5, 2015 3:52 PM
    goldmanpillageandsack goldmanpillageandsack Jan 16, 2015 11:23 AM Flag

    A "SMALL" spec on the Bitcoin is probably warranted. You never know what currency will survive.

    Sentiment: Strong Buy

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