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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?


To: Robert J Mullenbach who wrote (386)9/21/1999 9:18:00 PM
From: Roebear  Read Replies (1) | Respond to of 1612
 
Robert,
Not so bad if one has survived the two years thrashing of the golden lustre. Lessons of survival are worthwhile and applicable in other sectors, and other sectors is the place I have been except for a short term foray into AEM a few weeks back. I'm getting pretty good at timing these pullbacks, which leads me to second guess myself and figure that the days of pullbacks are now limited. Mr Market could not be that nice to me.
As for AEM, the fact that they seem to be doing everything right (lower costs higher future production) and their share price has maintained a higher base than might be expected, with all the pressure on the recent POG, leads me to believe that AEM might just obtain its chart target in the 20's some fine day.

Meanwhile its a "sort of" hedge against my oil stocks, seeing as the two are decoupled for now and gold is the beaten down one ggggg.

Feel free to keep me informed of any good looking options on this one, PM or on the thread.

PS, bugs me that I missed yesterdays bottom but I couldn't access the needed cash before first thing this AM. Let the POG drift or run up and the hesistancy in AEM's price witnessed early this AM will be but a memory. Much too soon to get excited, but like your URL noted, there is reason to suspect a turnaround for POG.

Best Regards,

Roebear