Sufiy.: Yamana Gold AUY: new buying opportunity.

Sunday, July 13, 2008

Yamana Gold AUY: new buying opportunity.

Yamana Gold was brutally punished for lower production in the last Q. It provided a nice buying opportunity for establishing new call positions. I do not mind small production problems which are providing good entry points into the bull market. Upside in Gold and metal prices will rectify small slip backs on technical side. The company in my opinion is one of the primary target for acquisition by struggling majors.

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