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 198.70

+0.7%

Feb 4 3:59 PM EST

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To: Gary H who wrote (1546)	7/15/2002 7:50:25 PM
From: Yogizuna	Read Replies (1) of 1612

Lots of times when the market is down big like it has been recently, gold stocks do not do all that well, even when it seems to go against logic.... Having said that, AEM keeps turning back down from declining trend line resistance on the daily chart, where there is also some support just under the 14 level.... On the weekly chart, the shares are trying to hold on to rising trend line support here, and on the monthly chart, AEM is still extremely over bought. If the weekly trend line support can hold along with the daily support area under 14, and the hourly chart becomes sufficiently over sold fairly soon, we could get another rally. Hope this helps some.

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