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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: G who wrote (1192)	4/17/1998 11:50:00 AM
From: Greg W. Taylor	Read Replies (1) \| Respond to of 2346

G: It's only speculation but my read is that there are four factors which have hit our price over the past few days: 1) Recent softening in the silver price, especially the day before yesterday; 2) Profit taking following a strong couple of weeks of price growth which has been followed by the first signs of softening; 3) A recognition that we may not produce any new results for a few more weeks; and, 4) Looking at the others in the sector, a pause or softening in what feels like a general rally amongst the second tier producers and the very earliest trickle of support for third tier, like ourselves. Having said this, my interpretation is that we'll see some strengthening today. (That's according to my unreliable, internal market mood-meter.) I hope this helps. Greg