PennyStocks101

AUY: Another Channel Trading Gold Stock

NYSE:AUY   Yamana Gold Inc
Similar to a few gold stocks, AUY just keeps treading water. I'm looking for these gold names to start moving (in one direction or another at least). If they finally break down, I can stop watching. But something tells me with the slower growth in global economies, it might not be time to ignore gold right now. Obviously we'll see but for the time being, can AUY actually set a firm push above this channel in the near term?

QUOTE:
"Its Jacobina site posted record quarterly production of gold as well as all-time-highs for full-year production. The company will release its full financial results after the market close on February 13 followed by a conference call on February 14. Will this be enough of a carrot to dangle in front of gold-stock investors between now and then?"

QUOTE SOURCE: Are These Gold Stocks Ready To Breakout In January?