The Masters always keep an eye on Yamana Gold (NYSE:AUY) in reaction to gold prices, oil, the U.S. dollar, and everything else.  The five day move on AUY shares is at -12% and just 40 cents today above its 52-week low.  Place your bets for a bounce.

The price of gold is killing Yamana, but at some point the company has to hold some value.  The analyst action on Yamana since July, when gold prices have fallen from $950 to current values just above $800 still has AUY with a decent target price:

What gives?

We all know what gives – the dollar has been on a run, oil has fallen, and commodities have been selling like hotcakes. Also, gold prices has soared by nearly 30 percent over the past year and has almost doubled in the last three years.

Fellow Masters, at some point gold will look good to the Powers-that-Be, and Yamana and other gold stocks will look even better, and money will move into them — the question is when?

Speculation.  Its what makes investing profitable and it can kill your pocket book.  Keep AUY and other gold stocks on your radar, at some point, the analysts covering these stocks will issue Buy ratings, its just a matter of time.

The problems of the U.S. economy haven’t vanished, Gustav has just changed the focus for the moment.  When the dust settles, gold could be a good place to be, even if it looks horrible for the moment