Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) Message Board

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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM)

AEM 180.14

+3.2%

3:59 PM EST

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To: Yogizuna who wrote (617)	12/22/1999 4:56:00 PM
From: Michael July	Read Replies (1) of 1612

Yogi, does it concern you from a technical standpoint that from the buy point on AEM and other golds last week, that there has been little upward price movement while the stoichastics have been rapidly heading higher? It concerns me as it suggests a lack of buying conviction...especially when the volume has been light. In addition, I'm concerned about the overall health of the stock market, as shown by the advance/decline line. And as history has shown, if the stock market heads south in a quick fashion, gold stocks will be taken down as well. I want to own the golds but it is hard to "fight the tape/trend". As a result I sold my AEM today and await for a better day. P.S. I don't suggest anyone else follow me. If I had bought in when Robert was pounding the table on AEM from 5 down to 3 I may not have sold.

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