Wednesday, May 24, 2006

Yamana Gold Inc. TSE:YRI , AMEX:AUY

Yamana had a terrific run of almost 1000% from its bear market bottom of 1.25$ to 13.70$ (Canadian Dollar). Yamana Gold Inc. is also trading as AMEX: AUY.
I have annotated the chart with Elliott wave count and two sets of Fibonacci lines, one set from "THE" bottom to [c] top and the other one from the latest [b] bottom to the [c] top. This is a weekly chart and the RSI and PPO are both in a down trend. For Elliott Wave Free yet excellent tutorial see EWI (might need registration).

If you want to suggest your favorite gold , silver metal stock for review - let me know.

You can click on the chart below to enlarge:

Yamana Gold Inc. TSE:YRI weekly chart

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