Yamana gold is well known by institutional investors and Jim Cramer. The company has a market cap around $6 Billion.
This chart looks good to me. The chart shows this stock continues to make higher highs, and higher lows. Always a good thing.
The only thing that would bother me right now is the seasonal pattern for gold. Gold tends to make its seasonal high in the February 15-March 15 period. From that point it tends to trend down into the summer. Gold tends to bottom in the August 15-October 15 period.
Gold almost almost always rises from October 15- February 15 no matter what. This is due to strong seasonal demand that comes in the form of physical buying for jewelry, and strong buying out of China and India. I intend to write about this soon.
This is not a recommendation to buy or sell. File this under food for thought. Now go do some homework.
This chart looks good to me. The chart shows this stock continues to make higher highs, and higher lows. Always a good thing.
The only thing that would bother me right now is the seasonal pattern for gold. Gold tends to make its seasonal high in the February 15-March 15 period. From that point it tends to trend down into the summer. Gold tends to bottom in the August 15-October 15 period.
Gold almost almost always rises from October 15- February 15 no matter what. This is due to strong seasonal demand that comes in the form of physical buying for jewelry, and strong buying out of China and India. I intend to write about this soon.
This is not a recommendation to buy or sell. File this under food for thought. Now go do some homework.
|
No comments:
Post a Comment