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Gold Is Breaking Out. AUY Is Loving It

|Includes: Yamana Gold Inc. (AUY)

Days don't get any better for a stock than today has been so far for AUY (Thursday 10-8-09). AUY received 6 target upgrades and 4 ratings upgrades already today, and the day is still young.

Target Upgrades:
Raised to $13.50 from $13 by R. James
Raised to $14 from $11.50 by TD
Raised to $13 from $12 by RBC
Raised to $12.50 from $11 by Natl Bk
Raised to $14.50 from $11.50 by BMO
Raised to $13 from $11 by UBS

Ratings Upgrades:
Raised to Buy from Hold by TD
Raised to Outperform from Sector Perform by Scotia
Raised to Outperform from Mkt Perform by BMO
Raised to Buy from Hold by Paradigm

The bottom would have to fall out of the market today for this stock not to move up on this news. Gold is already up $10+ today to $1055. This should help AUY move up also.