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Yamana Gold, Inc. Message Board

goldmanpillageandsack 195 posts  |  Last Activity: 1 hour 9 minutes ago Member since: Apr 27, 2010
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  • goldmanpillageandsack by goldmanpillageandsack Jul 10, 2014 6:33 AM Flag

    Now it is time for a run at $1,450! We could see Yamana at $12.00 (or more) by earnings on July 30th. Put on your seat belts, cause it's gonna be a wild ride!

    Sentiment: Strong Buy

  • Reply to

    We will be at 12 by end of summer

    by trink_23 Jul 9, 2014 3:56 PM
    goldmanpillageandsack goldmanpillageandsack Jul 9, 2014 5:37 PM Flag

    I agree, Earnings are in three weeks and expectations are low (.04). Mine production was up 16% for the 2nd quarter and expenses were reduced (with the exception of the Osisko deal). All signs are that we will retake the low teens and head for the low 20's by mid 2015.

    Sentiment: Strong Buy

  • Reply to

    Perfect Storm

    by goldmanpillageandsack Jun 29, 2014 9:33 AM
    goldmanpillageandsack goldmanpillageandsack Jul 9, 2014 2:34 PM Flag

    This is almost surreal to see both gold and Yamana holding up on high volume after FED Minutes are released… Definitely breaking the trend…
    A run to $1,450 on gold and $12.50 for Yamana is possible at this point!

    Sentiment: Strong Buy

  • Reply to

    Perfect Storm

    by goldmanpillageandsack Jun 29, 2014 9:33 AM
    goldmanpillageandsack goldmanpillageandsack Jul 9, 2014 1:48 PM Flag

    If the Saudi's start trading oil outside the dollar, it would truly be "game over" for the petrodollar and we would see massive shifts in our world. China is now the largest customer of Saudi Arabia and it would not surprise me if they did trade oil for Yuan or even gold.

    Energy independence key be having some "Unintended consequences" for the dollar!

    It's weird to see gold trading up into a Fed Minutes release. If it holds above $1,320 we are in for a ride up! 10 out of last 12 Fed Minutes releases have led to a stronger dollar and a lower gold price. I'm tempted to buy the dip if we get one today after the minutes with India's buying coming back in a few days.

    Sentiment: Strong Buy

  • Reply to

    Perfect Storm

    by goldmanpillageandsack Jun 29, 2014 9:33 AM
    goldmanpillageandsack goldmanpillageandsack Jul 9, 2014 12:16 PM Flag

    Since writing this, France has made statements indicating it wants to move away from the dollar and now Germany's feathers are getting ruffled (again). South Korea has started cross-currency trading with China along with a host of other countries. It is hard to keep up with the troubles that are heading directly at our dollar.

    It is noteworthy that India is reducing it's tariff on gold from 10% to 6% on Thursday.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jul 9, 2014 12:09 PM Flag

    This Thursday the Indian government is probably going to reduce the import tariff on gold from 10% to 6% with possibly greater moves in the near future. This should put some more upward pressure on gold given the pent up demand.

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jul 9, 2014 10:23 AM Flag

    This is turning out to be a huge battle point for gold here at $1,320. Once it breaks out there is only moderate resistance all the way to $1,450… Very, Very Bullish - When we get the breakout...

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jul 8, 2014 10:18 PM Flag

    It is ironic that India does not have much political power in the world, yet it has such a large consumer base… The Rupee has been getting slammed and the people of India are darn glad that have been hoarding gold. Imagine what it would be like to see the dollar crashing and our population without any means to maintain buying power...

    Sentiment: Strong Buy

  • Reply to

    The Currency War...

    by goldmanpillageandsack Jun 26, 2014 10:56 PM
    goldmanpillageandsack goldmanpillageandsack Jul 8, 2014 6:17 PM Flag

    Add France now and soon Germany to that list...

    Sentiment: Strong Sell

  • goldmanpillageandsack goldmanpillageandsack Jul 8, 2014 4:07 PM Flag

    Agree, multiple settlement options would be ideal. If any market was out of line, traders would be able to arbitrage the differentials and force accurate price discovery.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jul 8, 2014 7:06 AM Flag

    It does not appear that meaningful reform is happening here, in fact, the likely outcome is that the FIX will simply have new manipulation parameters that are even less transparent built into it. The real physical delivery market is in Shanghai at this point and Dubai is starting a physical delivery market as well.

    The 34 delegate are being led by the same clown that helped Gordon Brown save the banks by dumping Great Britain's gold reserves at market lows… As insane as it sounds, John Nugee is heading up the committee that is tasked with Fixing the FIX…

    The fraudulent London FIX is simply being re-constructed. Trade gold in other markets and abandon London...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jul 7, 2014 9:02 PM Flag

    It's happened before… Yamana has hit $20.00 twice, and it will again before it ever hits $4. Earnings are going to be quite strong this quarter and expectations are ridiculously low… only .04! HA!
    The analysts better raise their numbers mighty quick!

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jul 7, 2014 12:11 PM Flag

    Correct. Buy when the price is down… Silver inventories have fallen from 1,143 metric tons to only 200 metric tons on the Shanghai Futures Exchange. Shanghai has become the worlds leader in metals delivery with the COMEX now simply a paper trading (price fixing) entity. 29 metric tons were withdrawn last Thursday (12% of total inventory) and 51 metric tons since June 25th. A physical shortage is likely to present itself within the next month or two at this rate.

    Most traders in Yamana do not realize that the company produces over 9 million ounces of silver per year and it's Cerro Morro mine (opening in 2016) has an average silver content of over 125 grams of silver per ton as well as 2.5 grams per ton of gold. The first 1.8 million tons of ore being mined have an average silver content of over 200 grams of silver per ton. Look for Cerro Morro to add over 4 million ounces of annual silver production to Yamana's output starting in the first half of 2016.

    Sentiment: Strong Buy

  • Reply to

    Ladies, George Soros Just Bought AUY

    by bigart1993_2000 Jul 6, 2014 12:57 PM
    goldmanpillageandsack goldmanpillageandsack Jul 7, 2014 10:56 AM Flag

    Not just Soros, Frank Brosnens, Mark Broach, Ken Griffin, David Dreman and Curtis Macnguyen increased their positions last month. Every one of them is a billionaire and they are considered the world's smartest hedge fund managers. Yamana is their top pick...

    With earnings coming on July 30th we should see the results of the cost cutting and increased production hitting the bottom line.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jul 5, 2014 10:53 PM Flag

    With the growing consensus that the dollar needs to be replaced as the world reserve currency, there will be massive investment into gold, silver and the mining complex. "It's not IF, it's WHEN?"

    Sentiment: Strong Buy

  • Reply to

    Is this a good consolidation point?

    by apayne1998 Jun 30, 2014 2:55 PM
    goldmanpillageandsack goldmanpillageandsack Jul 1, 2014 3:01 PM Flag

    I do think it is a good consolidation point. We pushed out of the upper Bollinger Band a bit and have now bounced back into the middle of the range.

    It is interesting to see gold holding slightly above the major resistance of $1,320 and have the majority of the gold stocks trading lower. Gold usually follows the mining index in price so this will be interesting to watch play out over the holiday week.

    Sentiment: Strong Buy

  • Reply to

    Earnings for Q2?

    by split16th Jun 25, 2014 1:28 PM
    goldmanpillageandsack goldmanpillageandsack Jun 29, 2014 2:59 PM Flag

    2013's Q2 was a loss of ($7.9 million) or (.01) per share. Adjusted income was $55.3 million or .07.
    2014's Q1 was a loss of ($29.6 million) or (.04) per share. Adjusted income was $14.8 million or .02.

    Pretty soft comps here, and with production (excluding the Osisko/Malartic acquisition) of 315,500 GEO's at an average sale price of $1,295.00 we should see $408 million of revenue. All in cash costs are approximately $850. With one month of Osisko production included, we could jump to 340,000 ounces and $440 million in revenue.

    It is pretty hard to predict the other tangibles like currency adjustments and the effects of of the Osisko deal. We do know that Osisko's Malartic mine did set a new all time production record of 51,000 ozs in May so attributable to Yamana is roughly 25,000 ozs per month or another 300,000 ounces to annual production.

    We are a whole month away from earnings, but buying in advance of a trend changing good quarter can be profitable...

    Sentiment: Strong Buy

  • Reply to

    The Currency War...

    by goldmanpillageandsack Jun 26, 2014 10:56 PM
    goldmanpillageandsack goldmanpillageandsack Jun 29, 2014 10:32 AM Flag

    Have to agree with you on that score. Our policy of economic domination is yielding serious challenges to our credibility and seems to be directly related to nations banding together to protect their interests. China begged to be accepted by our banking system. Now they are simply building their own alternative system with a growing alliance of nations that our government, banks or corporations have estranged.

    Sentiment: Strong Buy

  • goldmanpillageandsack goldmanpillageandsack Jun 29, 2014 9:42 AM Flag

    Correct you are and hard assets tend to appreciate during times of uncertainty, war and inflation.

    Todays low volatility is the result of market management and last quarters actual negative 2.9% GDP miss from January's growth projection of plus 2.6% should have dislodged the Dow, S&P and the Russell indexes.

    The Black Swan lurks...

    Sentiment: Strong Buy

  • goldmanpillageandsack by goldmanpillageandsack Jun 29, 2014 9:33 AM Flag

    In my opinion, the Currency War is creating a Perfect Storm for the Dollar and the Euro. We have a Western Banking System that is in debt up to its eyeballs ($17.5 trillion) with another $220 trillion in the U.S's unfunded liabilities coming due over the next 20 years (I do not know the extent of Europe's unfunded liabilities).

    In direct opposition to the Western Banking System is the Eastern Banking System which is rapidly usurping the Western Banking Systems total control of the trading of oil and energy around the planet. The Eastern Banking System has its own problems with debt, and inflation but it has accumulated huge currency and gold reserves.

    Last weeks announcement that the largest energy deal in the history of the earth (between Russia and China) will bypass the dollar and be settled in Yuan and Rubles sets the stage for a rapid erosion of the Dollar's role as world reserve currency. Saudia Arabia's largest customer is now China and there is discussion of direct trade for oil bypassing the dollar there as well.

    The USD's Global Reserve status has never been more precarious and the shift is occurring more rapidly than I had previously thought possible.

    The Eastern Banking System values gold for backing its currency and the flow from West to East is well documented. It is nor "If" but "When" a crisis in the delivery of physical gold occurs and a global reset of it's value happens. All of this is great for today's buyers of the shares of quality gold producers at highly discounted prices.

    Strategy can be simple here: Buy, hold and collect your 2% dividend while awaiting rapid price appreciation of the shares when the real scramble for physical assets hits.

    Sentiment: Strong Buy

AUY
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