[Entering Position in Yamana Gold (AUY)]
Dear Member:
With the markets, especially the Nasdaq, showing some weakness, the gold and silver stocks are on the move today. Yamana Gold (AUY) has bounced up off a trend and looks like it might provide a little upside opportunity. I like AUY on a limit order of $12.80 or better for the day. A break down below $12 would be reason for me to exit if it turned against me.
DISCLOSURE: At the time of publication, I have no position in AUY.
Sincerely,
Bill Kraft
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