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

To: TATRADER who wrote (465)	10/12/1999 8:46:00 AM
From: Roebear	Read Replies (1) \| Respond to of 1612

TATRADER, Looking at AEM's chart daily and weekly, I have a hard time seeing AEM break its support at 8/~8 3/4 unless gold tanks below 300 (gee, gold tanks below 300, have I got acclimated or what VBG). While AEM was "weak" all day, it did a nice job of bouncing off of gap support. I appreciate your trading viewpoint, that mostly describes me also, though I'm trying to reform ggg. I was expecting a "breather" for XAU and AEM and yesterday may have been it. I know what Robert is saying and I don't think I can put it in words any better. Something is not quite right with the Macro picture, I just cannot quantify it at this time, but it makes me think that after a bit of time to gather its breath, gold will move up again. More in a tape read than chart read, though I think the charts are supportive. Best Regards and welcome to the AEM thread, Roebear