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Thursday
Jan112007
Agnico Eagle Mines Limited: A correction arrives.
Thursday, January 11, 2007 at 05:59AM
AEM is one of our favourite stocks currently undergoing a technical correction, which in our humble opinion presents with a fabulous buying opportunity.
As we can see from the chart some speculative profit taking has taken place bringing the price of this gold miner down to an attractive entry level. The chart also shows that the technical indicators are also hitting the floor so where do we go from here?
As an investment in gold mining we believe that Agnico will prove to be one of the best performers in this current Bull Run if it is not taken out first. So we will watch and wait a little longer in the hope that a really good bargain price will present itself and then we will invest once again thus increasing our current position considerably.
Be prepared to pounce!
11 January 2007
As we can see from the chart some speculative profit taking has taken place bringing the price of this gold miner down to an attractive entry level. The chart also shows that the technical indicators are also hitting the floor so where do we go from here?
As an investment in gold mining we believe that Agnico will prove to be one of the best performers in this current Bull Run if it is not taken out first. So we will watch and wait a little longer in the hope that a really good bargain price will present itself and then we will invest once again thus increasing our current position considerably.
Be prepared to pounce!
11 January 2007
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