Yamana Gold Inc. (AUY) IS WAY OVERSOLD

DO THE MATH

At this point I really don’t give a crap, but if you do the math when
this share price was low of 10.27 last August Gold futures was around
675. Do the math at today’s price of 880. 675/10.27=880/x x=
13.38.

At today’s gold price. You would have to go back to 04-05 to find
prices this cheap, if you can find them at all?

To add to that the production cost is still the same per ounce. That
should put the price even higher, but keep it conservative. The
price
difference is all profit between 675-880. The Canadian dollar
weakness adds even more profit to the company.

THE NEW HIGH OF AUY

Many analysts said that the new high of gold price may happen at Oct.
but I see it will happen a month eariler, BECAUSE of TODAY’S dollar unreasonable turnaround, the whole economy is still not change anything, still getting worse, obviously many shorts taking the advantage of recently oil decline to bet on gold stocks, especially days before AUY’s earnings,,6th AH, we will see AUY turning green today and after earnnings, AUY’s cost deduction plan should be able to help alot on earnings. AUY dropped the most compare to its peers, we will looking forward to see the most gains after earnings as shorts retreat.

Euro Rises on Speculation ECB’s Trichet to Flag Inflation Risk

By Stanley White and Kosuke Goto

Aug. 6 (Bloomberg) — The euro rose, rebounding from a seven-week low against the dollar, on speculation European Central Bank President Jean-Claude Trichet will signal higher interest rates may be needed to combat inflation.

http://www.bloomberg.com/apps/news?pid=20601101&sid=aHkGzNueXHN4&refer=japan

CURRENTLY LONG AUY

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