Yamana Gold Inc (AUY)

With mines in Chile, Brazil and Argentina, Yamana's gold has a certain Latin spice to it. Gold is gold no matter where you get it.

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Biggsac posted some buzz about Yamana Gold Inc - 9 months ago

i really don't know about this investment i just invested and i am making money.

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Erica posted some buzz about Yamana Gold Inc - over 3 years ago

By: Erica Feldkamp, WeSeed Writer Everyone knows that when buying diamonds, you're likely to pay a pretty penny. And while most people know that diamonds are rare (read: expensive), few realize that it's because one of the world's largest diamond dealer is hoarding them all to drive up prices. Diamonds aren't the only commodity being peddled at premium prices. Copper is netting top dollar, making the copper-based penny worth almost twice its street value. In fact, copper is becoming so expensive that people are actually stealing copper from municipal telephone poles. Copper futures (cost of copper in the future) rose 26 percent in January. But this has less to do with supply and demand economics than one would think. Yes, China, the U.S. and now Dubai, are gobbling up copper in their frenzied infrastructure development. And yes, the amount of copper mined is deteriorating. But like diamonds, the biggest impact of copper prices is initiated by suspendered-hedge fund tycoons. R.K. Corp. which owns three metal-trading hedge funds that total over $1 billion also owns copper warehouses. Shamelessly price-fixing for the world to see, R.K. creates inflated copper prices by purchasing most of the world's raw copper, storing it in huge warehouses. Thus, the remaining buyable copper is tagged at artificially higher values. As the remainder of copper futures is bought up at higher prices, R.K.'s hedge funds bulge. R.K. has contracted with major miner Johnson Camp to purchase all copper mined from now until 2012 (25 million pounds per year). In prospectus to investors, the company was borrowing six times against itself to invest in metal purchases. This value - around $6 billion - could purchase four times the stockpile of the New York, Shanghai, and London exchanges combined. What does this abstract jargon mean to the average Joe? Well since residential construction accounts for almost 25 percent of all copper use, home buyers could be stuck with pricier principles. Other products that could impact the piggy bank are: copper based flatware, electronic circuitry, and copper floor lamps (which uses up half of all copper in copper-based household products). Look out, Home Depot (HD)! With all this cash flying around in the copper market, you might want to check out some of the companies that could make bank on this. Miners, for one, might have incentive to mine more since they are getting a better price for their raw product. Here are a couple companies to check out: Rio Tinto (RTP), the world's third largest metal miner, Freeport-McMoRan Copper & Gold Inc. (FCX) and Southern Copper Corp (PCU). Who knows? There could be a silver lining to all this copper talk.

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