Yamana Gold (AUY)

Quote from AK100:

Just be patient everyone with those Gold/Mining stocks. One day somebody will let off an atom bomb under their prices and boom they'll never look back.

I admit, many have been waiting for that day for 5+ years but it is coming and could even be tomorrow :)
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K, so I take it if you think Gold's run isn't for the long run and its in the process of a blow off top that will come off then mining stocks profits are short term. But if I feel that these high gold prices are hanging around then these miners profits will continue and thus I am currently getting a discount buying a miner? Correct rationale?
 
YAMANA GOLD ANNOUNCES 50% INCREASE IN DIVIDEND

http://www.prnewswire.com/news-releases/yamana-gold-announces-50-increase-in-dividend-121590918.html

YAMANA GOLD INC. (TSX:YRI; NYSE: AUY; LSE:YAU)("Yamana" or "the Company") today announced its Board of Directors has approved an increase in the annual dividend to $0.18 per share or $0.045 per share per quarter beginning in the third quarter of 2011. This represents a 50 percent increase over the prior annual dividend of $0.12 per share, or $0.03 per share per quarter. Effective in the third quarter of 2011, shareholders of record on the established record date that will be determined on formal declaration of the dividend will receive $0.045 per share rather than the $0.03 per share that they would otherwise have been entitled to.


Oh yeah!

Good comes to those who wait!

:p
 
Quote from Debaser82:

I own it for a year now and It has done absolutely nothing.

What a complete and utter dog.

I'll probably double my position in it just to show the markets I will not get pushed out of my position.
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you have found the guaranteed way to be a loser in the market.
the specialists on the floor wants to thank you and certain for now unnamed ET posters for feeding their families.

congratulations.
 
Quote from zdreg:

you have found the guaranteed way to be a loser in the market.
the specialists on the floor wants to thank you and certain for now unnamed ET posters for feeding their families.

congratulations.
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No no no.

It's going to 20 soon.
 
The lack of performance continues, regardless that the rest of the sector is up. Is it just more prone to disconnect from the sector due to its higher day trading volume?
 
Quote from sledged:

The lack of performance continues, regardless that the rest of the sector is up. Is it just more prone to disconnect from the sector due to its higher day trading volume?
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The bigger the base, the higher in space.
 
Looks like we are getting some sort of breakout in the miners finally, lets hope not just another shorting opportunity for those long the metal outright.
 
Its been here so many times and always gets knocked back down by the bigger players, this time could be different but not holding my breadth.
 
Quote from falcon:

Its been here so many times and always gets knocked back down by the bigger players, this time could be different but not holding my breadth.
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Yea, seems like this channel trade is holding. Dont think we will close over $13.30 just yet.
 
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