Thursday, August 12, 2010

SOLD Yamana Gold (AUY) $9.85

This is Yamana Gold Inc (AUY) which I just sold for $9.85.  My concern here was two-fold.  One, it appeared that both the True Strength Index (TSI) and Money Flow Index (MFI) indicators where at peak levels and threatening to roll over and take a profitable trade and neutralize it.  And two, I am a bit skeptical that gold will be able to hold onto today's very impressive gain over the next couple days - putting added pressure on my mining positions.  
My TSI trading record has been updated to reflect this sale.
Click on the chart to ENLARGE

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