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Yamana Gold Inc.YRI.TODON'T BUYMar 18, 2013Stock price when the opinion was issued
As of Apr 03, 2023. Market Open.
They basically broke up the company to have the marginal Brazilian assets in Equinox. They sorted out their balance sheet.
We missed the secondary run last fall (Jul-Sep). Do you ever see reversals in non-seasonal times? Seasonality has fundamental reasons beneath it. Stay away from it right now. It could do something during the seasonally weak period but not something he would do. Gold is out of favour right here. We lost support at $1550. We tested it a number of times and now it looks like it will break. There is also a descending triangle right now.