Yamana gold

A reader emailed me about AUY, asked me why not considering AUY.

1. I think AUY has the rich valuation among intermediate gold producers;
2. It's a new darling among wall street for gold stocks, which adds premiums to its price;
3. Its executives did great job selling the company to analysts and public;
4. Cramer recommended AUY, another sign not to buy AUY.

All things considered, I like IAG, AEM, KGC better than AUY, from valuation perspective. This doesn't mean AUY price won't rise.