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

To: The Ox who wrote (1128)9/14/2000 12:27:28 AM
From: Roebear  Read Replies (1) | Respond to of 1612
 
Michael,
Good read on the chart. AEM is acting well the last week or so and especially as it is outdoing the XAU.

This current level, 6 1/16-1/8, has some old gap resistance, old support and a failed previous breakout attempt (late July). This ample resistance, along with your trend lines,
may slow AEM up enough for me to pick up a few more 50K blocks (couldn't hide my tracks, you got me Robert).

LOL, I wish!

This same area will provide a good support level when (not if) it is breached. Throw in even a modest 25 buck gold price increase, sometime this fall/winter and AEM has a shot at breaching 52wk highs in 1Q.

IMHO, of course.

Best Regards,

Roebear



To: The Ox who wrote (1128)9/14/2000 2:12:54 PM
From: Yogizuna  Respond to of 1612
 
The weekly and monthly charts do look pretty good here, with the monthly chart now nicely oversold and getting ready to support a sustained upward move in the share price once Bob hooks up his four cylinder engine <g> to the gold freight train and we get this baby going down the tracks and into some upward grades and curves! Old Yogizuna


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