AGNICO EAGLE: On the move!

After putting on a couple of bucks yesterday we expected the old bird to take a breather today, however she had other ideas and climbed out of negative territory to add a little more to the stock price.

AEM is a quality gold mining stock and forms a part of our core position in gold mining stocks.

What surprises us though is that she is still single when all around us consolidation in going into overdrive. They do have a diverse number of investors, which makes it a little harder to just walk in with one major investor on your side and push a takeover through.

A few analysts are tipping AEM to go as high as $54.00, don’t be fooled by them it is going to go a lot higher than that. This is a $100.00 stock if ever we saw one so hang on in there and don’t get panicked out of your positions even if another correction wrecks your evening meal.

As they said on the movie The Rouge Trader, “Balls of Steel” yep, that’s what we need all right.

Sleep tight.

24 January 2007