Yamana Gold Inc. (AUY)

All Comments on AUY

  • commenter
    Charlie
    Stromeyer Jr
    Jul 30 09:41 AM
    5 Best Ways to Get into Gold [view article]
    najdorf, you may be correct. In February 2003, one of the world's top hedge fund managers told me that the Iraq War would be a total disaster which is the main reason why I went long precious metals equities in March 2003.

    Please note that the two biggest drivers of gold prices are what the U.S. dollar is doing and also jewelry demand, and that we are about to enter the wedding season in India which is the biggest source of demand for gold jewelry.     Reply
  • commenter
    najdorf
    Jul 30 09:34 AM
    5 Best Ways to Get into Gold [view article]
    Hey guys, the problem with gold (and Mexico and Russia, but they're a different topic) isn't that it's impossible to make money investing in it; the problems are that future returns are almost completely unpredictable and that something you're pretending is a stable store of value is subject to huge crashes and long (like 30 years, or perhaps indefinite) periods of underperformance to stocks or even Treasuries. By living in the developed world in the lifestyle most people choose, you're sort of assuming that our governments and economic systems will continue to function. If you don't think that's the case, you probably should try to buy property in remote locations and items that allow you to be self-reliant like generators, rather than precious metals that you only own on paper. Barring a major collapse of our way of life, stocks and bonds will retain value. Gold is just not as good an investment as stocks and bonds, because it doesn't grow, have a stable value, or produce income. It's like investing in collectible dolls except it's shinier.

    Companies that mine gold are a little better, since they actually have cash profits - but current earnings are not sustainable. Think about it this way: if these companies, experts on gold, thought gold was going to increase in value and hold those increases, why would they be selling as much as they can pull out of the ground in exchange for "worthless" paper? Maybe they're selling it because they can't believe their luck and want to convert some assets to cash rather than metals?     Reply
  • commenter
    salp
    Jul 30 09:23 AM
    The International Gold Rush: Bulls May Soon Be Rewarded [view article]
    GSPG! GO GOLDSPRING. Reply
  • commenter
    Charlie
    Stromeyer Jr
    Jul 30 09:16 AM
    5 Best Ways to Get into Gold [view article]
    User 155010, that is a great quote from Jim Rogers. I always listen to Jim Rogers, but sometimes I successfully bet against him. For example, he said years ago to never invest in Russia nor Mexico, but I made a lot of money for my clients by going long both countries.

    Disclosure: long Russian, Mexican and precious metals equities since the start of the Iraq War.     Reply
  • commenter
    CLH
    Jul 30 08:54 AM
    The International Gold Rush: Bulls May Soon Be Rewarded [view article]
    Gold made a double top after an eight year run. Its down down. Reply
  • commenter
    bowman711
    Jul 30 08:37 AM
    The International Gold Rush: Bulls May Soon Be Rewarded [view article]
    If Congress passing (and the President saying he will sign) what some say is the biggest (deficit) spending package since the New Deal moves gold down, what on earth will it take to make it move up? A nuclear bomb over some U.S. city?

    I don't think you can blame such contra-economic behavior on gold's 'summer doldrums.'     Reply
  • commenter
    vaduz
    Jul 30 08:33 AM
    My Website
    The International Gold Rush: Bulls May Soon Be Rewarded [view article]
    kinross is another good bet and maybe newmont mining Reply
  • commenter
    bold4gold
    Jul 30 07:28 AM
    My Website
    The International Gold Rush: Bulls May Soon Be Rewarded [view article]
    I agree 100% with your "Opinion and Prediction" section. I think there will be a lot of money to be made between about mid August and the end of the year. Reply
  • commenter
    mark5004
    Jul 29 10:45 AM
    General Discussion on AUY
    Is the AUY price crash the Jim Cramer effect? Reply
  • commenter
    chux08
    Jul 27 01:11 PM
    If This Comes True, You'll Be Glad You Own Gold & Silver [view article]
    Bullish Bankers = Smart Bankers judging by what I just read...

    But aren't the words gold and bankers an oxymoron? Or does it just seem that way?? :-)

    GREAT article nonetheless!!     Reply
  • commenter
    Chuckhh
    Jul 27 10:51 AM
    Value Investing: Going for the Gold (and Silver) [view article]
    GLD profits are taxed as ordinary income (35%)?, regardless of how long you hold it; an investment in ABX can become a long term capital gain (15%).


    On Jul 27 12:20 AM secmaven wrote:

    > Now that the small investor can buy GLD and SLV why buy hope in a
    > hole mining stocks and run the political and cost of production inflation
    > risks that the hope will never be realized?     Reply
  • commenter
    secmaven
    Jul 27 12:20 AM
    Value Investing: Going for the Gold (and Silver) [view article]
    Now that the small investor can buy GLD and SLV why buy hope in a hole mining stocks and run the political and cost of production inflation risks that the hope will never be realized? Reply
  • commenter
    Rich in Bpt.
    Jul 26 11:37 PM
    Value Investing: Going for the Gold (and Silver) [view article]
    Andy you were gung ho on CDE. What happened to change your mind? Reply
  • commenter
    bobjou
    Jul 26 12:45 PM
    My Website
    Value Investing: Going for the Gold (and Silver) [view article]
    Those small mining companies can work their way into producing something, but in general, they don't make it. They live on stock sales. Look for real production before believing in a small mining company. And be careful of LMC...lots of hype. Reply
  • commenter
    crazy larry
    Jul 26 09:08 AM
    Value Investing: Going for the Gold (and Silver) [view article]
    Andy, where's the 'accountability'? A previous commenter says you just cut and pasted an old column "long ideas for an upcoming crash". I did like the opening line though, about wall street analysts. Reply
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