Yamana gold is in a little soul searching after the earnings realease.  Price of Gold (POG) is up but AUY is down.  I exited half of my postion today on technical analysis.

I was looking for a reason to take profits, and if you look hard enough, one can always find one!  I plotted the 6 month chart and I am going to make a bold prediction:  Bull Flag.

I expect a little more weakness down to $13.50 and then a skyride north.  I still own a core position, but will get back in if price action confirms the formation.