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« High River Gold Update 04 Dec 09 | Main | Buy Gold, Be Smart, Diversify »

Agnico-Eagle Mines Limited Call Options Up 81.46%

AEM Chart 03 dec 09.JPG

On the 4th November 2009 we bought the Agnico-Eagle Mines Limited (AEM) Call Options, JAN 2010 series at a strike price of $60.00, symbol AEMAL for an average price of $5.10, today they ended the session at $9.30 for an increase of 81.46%

Agnico-Eagle closed at $67.69 putting on $2.23 for a gain of 3.41% on the stock price, with volume at a healthy 4.9 million shares traded.

We did mention earlier that we had placed sell orders at double the purchase price so its fingers crossed that the old Buzzard can hit $10.20 in the next day or two, which would give us a return of 100% in one month.

It would be nice to register a 'win' tomorrow following yesterdays success with Randgold Resources Limited when we closed our position with a 100% profit.

Sean Boyd, CEO, Agnico Eagle Mines appeared on BNN today and looked to be his usual confident self despite the monumental challenge of managing five new mines, worth a watch if you are an Eagle fan, just click here.

As always go gently as options trading is highly speculative and dangerous to our financial health, but for now enjoy the ride and keep smiling.

Any thoughts or comments on how we could do better are always welcome so please let us know.

Have a sparkling day.

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Reader Comments (6)

Another nice call. You guys are en fuego.

Nothing like a strongly trending market.


December 3, 2009 | Unregistered Commenterfallingman

I've been getting your gold prices and silver prices emails for some time now, and enjoy reading both, but I can't seem to figure out if there is somewhere on the site or another/different subscription where you share what options you are buying or selling closer to real time?
For example, I read here than that calls you bought on 11/04 are there a way of finding out when you actually are buying or selling options or stocks? Below:

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter..

Please let me know where I can find current info?

Thanks very much,

December 3, 2009 | Unregistered Commenterkaryn


We do try and trail what our intentions are to the best of our ability. We also post every trade we make, buy or sell, the good, the bad and the ugly. To receive our letter just enter your email address in the box on the right, towards the top of this page and you will be informed every time we make a trade or have something that we think is of interest to our readership.

Hope this helps, if not please fire back.

December 4, 2009 | Unregistered CommenterGold Prices

appreciate your response and I tried to email you back but got a failure notice for (?) on the you mean where it says "Gold Updates by Mail" Enter your email address: ?
Sorry for the bother with these questions..

December 4, 2009 | Unregistered Commenterkaryn

It tells me that my email address is already subscribed to the mailing list of 'The Gold Prices Newsletter', (which is how I get the email/letter you send) but can't find the posting of current trades there? no other box I can see..Is there something other than the email I receive? Thanks.

December 4, 2009 | Unregistered Commenterkaryn


We dont have the time to anwser all the emails that we get so the comment box is the best place to have your say and it benefits all of our readers to know the views of others.

We do have a portfolio, again at the top right of this page, if that is what you want to see, otherwise you are getting our emails the same as everyone else.

December 4, 2009 | Unregistered CommenterGold Prices

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