There is talk this morning (rumors) that Kinross KGC is looking strongly at Yamana Gold AUY. As soon as I heard this rumor the stock shot north .30.
Remember this article? Maybe it is coming true????
POG has also turned up so this may just be another step north! Remember rumors are rumors and that is it. Watch the price action.
I’ll dig more into this rumor.
OK seems as the rumors are just some more rehash of the KGC thought. They got going again this morning which could mean talks are heating up or they could mean nothing. Stay tuned and OWN GOLD!! The POG is heading UP and INFLATION is coming.
QUICK NOTE: I just got a call from a trading friend and he is starting to see nice options activity! He likes what he sees and is also very bullish on AUY. 8′s are imminent near term in my opinion. If tomorrow POG trades like it has the past couple Friday’s it will be tomorrow.
