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Yamana Gold

Posted On : December 21st, 2011 | Updated On : December 21st, 2011

I have got plenty of requests for my opinion on Yamana Gold. I am certainly not a gold bug and I do not own any stock in this company and so you are going to get my neutral, independent viewpoint on it. Yamana Gold is in a very weak uptrend which has a 3 month low hit just last month in July. A very weak uptrend is nothing to get pumped up about. This could result in a boring sideways to a little up trading range until buyers all of a sudden begin to show up. You want to buy a stock which is in a strong uptrend, not a very weak uptrend. The question for you personally is that you truly are unable to imagine a better way to play the bullish gold market than to buy Yamana Gold? There are numerous gold junior mining stocks and also gold ETFs which are in strong uptrends. Why would you settle for a very weak uptrend with so many better looking gold associated stock charts out there? Exactly how I'm mastering the bull market in precious metals right now is to buy the Proshares Ultra Gold ETF (UGL). I prefer playing the uptrend in Gold in a more uncontaminated kind of way. A long time ago, in the event you wanted to play gold, gold mining stocks were the obvious way to do it. These days that is no longer true. There are now numerous financial vehicles readily available for playing gold and investors realize it. There has been plenty of conversations about the negative impact these gold ETFs have had on gold mining stocks as traders now have a wider array of ways for playing an uptrend in gold. With this video clip, I do stock chart analysis on Yamana Gold. Folks, this stock is really a perishing horse that really needs a bullet put in its head. This stock chart feels like garbage. I do think a very weak uptrend rating is being kind. A Burial Cross happened in this stock back in March of 2009. That was your very first signal to take your loss and get out. The 50 day has been underneath the 200 day moving average since that time. Even the stock itself is trading below the 50 day moving average. You have the 50 day below the 200 day moving average, and the stock below the 50 day moving average. How much more terrible can you get! This stock is garbage. I just don't understand why anyone with commonsense would elect to buy Yamana Gold when there are plenty of other better looking stock charts and strategies to play the current uptrend in gold.

Posted in : stock trading
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