Yamana (AUY), Ivanhoe (IVN), Goldcorp (GG) Up As Wary Investors Eye Safety

Shares of Yamana Gold (NYSE:AUY), Ivanhoe (NYSE:IVN) and Goldcorp (NYSE:GG) moved up Thursday as weary and wary investors are looking for safety on the enormous pressures from Japan, the Middle East, ignored sovereign debt crisis in Europe and inflation.

Conflicting strategies by the U.S. in regard to lose monetary policy, in contrast to India and China, which have been raising interest rates to combat inflation, weighs on the minds of investors as well.

The rise in the stock market is also irrelevant, as that is largely based on the printing of money to artificially prop it up and give the appearance of growth.

Inflation in the U.S. is continuing to soar, as far as it concerns hitting the average citizens pocketbook in food and fuel.

There is so much volatility, that is is almost a paradise for options traders, but not so for those looking for consistency. In other words, fear is rampant, and that produces a lot of opportunity, but also risk.

Gold is one of the few areas that can be counted on for consistency in the current conditions, and the price should resume its climb, although the various forces pushing and pulling on it make it more difficult than usual to know the right time to put more money into gold.

That means gold miners will also continue to be volatile, and that also offers opportunity for those looking for a decent entry point.

Goldcorp closed Thursday at $46.37, gaining $0.51, or 1.11 percent. Yamana closed at $12.04, rising $0.17, or 1.43 percent. Ivanhoe closed at $25.19, up $0.41, or 1.65 percent.