016. PIGGISH PLAY - Long Agnico Eagle Mines (AEM)Gold mining stocks are set to pop sometime this week or next. AEM is, in my not-so-humble opinion, the best of the bunch when you compare top and bottom lines.
However, the only bottom line that matters is that this stock is in the middle of its cubed-third wave on the daily timeframe, and in the middle of its quartic-third wave on the weekly timeframe.
Basically, AEM's current price trend is the solution to the movie Inception, which is why I am going to long it either tomorrow afternoon or Thursday morning, depending on how the market shapes its weekly close.
Add to this very-transparent-third-wave-trend a mighty tailwind known as the FED minutes, and we have ourselves a winning trade.
- Perma_Eagle
NYSE:AEM
TVC:GOLD
FX_IDC:XAUUSD
