Like gold? Here is one stock that just may work.

One stock I want to look at is Yamana Gold ( NYSE:AUY ), actually it’s the only stock I want to look at. A lot of analysts are picking gold, like you’ve got to be long gold. I’ve said before and I’ll say it again, I don’t think so. There’s nothing that tells me that this is going to be the magical bottom level when this was not. So far the trend is down, you can go ahead and buy this now at 121.00 and then sell it 123.00 and claim yourself to be an excellent market timer, and that was a heck of a trade.

The bottom line is, I don’t think that’s trading, I think that’s a waste of time. But you look at Yamana Gold ( NYSE:AUY ) and this is a little bit different. The stock broke out today at 2.5 percent over 2.5 percent, volume is pretty decent, the stocks at $9.35. I could see the stock going up a buck, maybe even up a little bit higher; but on something like this, with the stock showing a little bit more of a bottom here it’s looking a little bit like a ski jump. I would say this is a safer stock to buy, but frankly, really only for a trade. Take this stock for 10 or 15 percent; something like that, and then let it go.

The bottom line is, most of the gold stocks are not working at all, I’m not pounding the table on this one, but I am saying that if you’re inclined to buy gold stay away from the GLD ( NYSE:GLD ) and look at a stock like Yamana Gold ( NYSE:AUY ) because I think it’s going to work better for you.