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« Gold: dangerous times! | Main | Chinese gold consumption to rise considerably »
Monday
Dec042006

Agnico Eagle Mines Ltd: A high Flyer!

eagle1
As you know we are big fans of AEM, which features, prominently in our portfolio of gold mining stocks. We are currently sitting on a good profit but we will not be sellers of this stock.

However there will be chartists who will take one look at this chart and head for the hills!

Normally we would tend to agree with them, but then again we are not normal.

eagle2

We see a massive rise in the HUI just on the horizon and it’s heading straight for us so we will hold and accumulate when we can.

From the chart we can see that this stock is trading well above its 200 day Moving Average and the RSI is above 70, the Stockastics are above 80, and the macd is climbing the walls. There is enough there to scare the daylights out of most chartists and they may well be proved right. If you feel that a short-term trade is on the cards then go ahead, we wish you luck, but don’t stay on the sidelines too long. The speed of the next up leg is gathering pace and you could be left at the station.

We are holding and will buy the dip if Agnico should go through a short-term correction.

Soar Eagle soar!

04 December 2006

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Reader Comments (11)

For the most part, I'm sure you are right, but looking at the chart, it would seem that the company has some pretty big price swings. It never seems to get lower than what it was before, but you could see drops down to $35 if the trend continues.

December 5, 2006 | Unregistered CommenterGold Investing

Stock seems to be close to oversold, so one might consider stepping out for a short while. But definitely a stock worth having in your portfolio. It also shows that it is not always necessary to invest in pennystocks to make big gains.

For info: I have some mining posts on my website as well, should you be interested to read. Will try to increase my coverage, but it is a time consuming job, as you will know.
Anyways, keep up the good work. I will include a link to your gold & silver page as well.
Cheers

December 5, 2006 | Unregistered CommenterJoey

Joey, We have added a link to your website from our silver site and our uranium site, this site has given us a technical difficulty which we will resolve soon and then add your link.

Agnico Eagle could come back a little but we are not sellers, maybe we like it too much?

Yes time is real ball breaker when you are doing research, a lot of it leads us nowhere so we put it to one side, the watch list just grows and grows....

December 6, 2006 | Unregistered CommenterBob

We agree with your article on DROOY, the investing public seemed to take a very negative view of is relationship with Emperor Mines. We would not put a penny into this stock, one to be avoided in our humble opinion.

December 7, 2006 | Unregistered CommenterBob

The investment world sometimes works in mysterious ways. I always considered General Motors a stock to stay out of and then suddenly it turned around from the point where all bad news had already been included in the share price. This is the reason why it's on my watchlist now. I do agree that the link with Emperor Mines needs to be cut off because its South African mines are not doing too badly at all.

PS: Many thanks, I am looking for a .com domain name but of course I will inform you once I've found it.

December 7, 2006 | Unregistered CommenterJoey

Bob, kindly change the link to my website into www.theinsightful.com which is the new URL. Many thanks, good that we can support eachother this way!
Best regards

December 11, 2006 | Unregistered CommenterJoey

Joey,

Unfortunately due to recent changes in the algorithms of some search engines, we cannot offer you a link in the related information section of this site or any of our other sites.#

This is because the search engines view these links as a sort of network of back links and therefore will not list any site that does this.

Hence why all of our sites have gone from no.1 positions on msn to not being found at all, de-listed from the search results. So, if you search for us on msn you wont find us. It is a real pain the way these things keep changing. As fast as we think we understand it, bang we become invisible. This is what our host manager is telling us.

However, as you have commented on our sites you will have a back link to your site which adds points and improves your listing position with them.

Hope this makes sense to you - we only found out today.

cheers,

Bob

December 11, 2006 | Unregistered CommenterBob

Very unfortunate that you lost your top listing, but I must admit that I have the same issues. I've been submitting my URL like crazy to search engines, but without the desired result so far. I get most of my visitors now through financial forums & through other financial sites, where I post or to which I provide columns.
Thanks

December 14, 2006 | Unregistered CommenterJoey

One's first step in wisdom is to question everything - and one's last is to come to terms with everything.

August 21, 2007 | Unregistered CommenterAlexa Phalon

I thought Insider holdings in AEM was 000 !!. Or am i wrong?

January 4, 2010 | Unregistered Commentermarc

actually i mean't management's investments are 0.

January 4, 2010 | Unregistered Commentermarc

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