Caution: Agnico-Eagle Mines (AEM)
Posted on September 13th, 2007 in Stock Market |
[[AEM]] has touched it’s upper trend line so I would be cautious here and tighten stops or take some profits. Like I wrote earlier I believe that gold has reached it’s top any day now and when the Fed’s announce the rate decision on Sept 18 the stock market will sell everything include all the good stocks like AEM. Agnico Eagle is the strongest gold stock in the industry. It may pull back down between 43 to 45, if so I would load up. Gold will hit $800 before the end of the year and all the miners will benefit from the high prices.




One Response
Be careful about that re-entry in the low 40s. Could also see high 20’s.