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
AEMD trade ideas
AEM - Breakout, backtest, same old, same oldAEM on monday broke above highs at 68.93, which were seen for the last time almost NINE years ago (Sept 2011). Yesterday came the backtest of that resistance, today we have more positive followthrough. If you like bullish breakouts inside rising channels buy this one. If you like gold\gold miners buy this one. ATH come into play at around 87 bucks...
Full disclosure: long AEM at 1% of total assets, as a part of a divesrified gold\silver miners portfolio allocation.
V Bottom Bull Flag?AEM is trying to break out
Stock on weekly and monthly long term is not in a solid up trend with a high in last 20 years at 88.2
I am not in this one and not recommending it. Like NEM, KL, Rgld, a lot has to do with gold and how it decides to move. Some say it will or is.
I prefer a gold etf but I do own NEM and I have owned KL/wish I did now..LOL AEM is riding the bottom rim of a rising wedge
You just never know
Earnings are 7-28
AEM Killing it!Hello,
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What is AEM?
Agnico Eagle Mines Limited is a Canadian-based gold producer with operations in Canada, Finland and Mexico and exploration and development activities extending to the United States. Agnico Eagle has full exposure to higher gold prices consistent with its policy of no-forward gold sales
MAY 17, 2020 10:00AM EDT
After learning that 3 million more Americans filed unemployment claims last week, investors raced to the gold market -- one of the most sought-after safe havens for investments. The latest indication of the devastation on the economy wrought by the COVID-19 outbreak led to the price of gold surpassing $1,740 per ounce -- a level not seen since November 2012.
With the commodity trading at a multi-year high, some investors may believe that it's too late to add gold stocks to their portfolios; however, there are plenty of prognosticators predicting that the yellow stuff will continue to rise, as the COVID-19 outbreak continues with no end in sight. Therefore, investors interested in the metal would be well-served to consider several compelling options right now: Agnico Eagle Mines (NYSE: AEM), Newmont Corporation (NYSE: NEM), and Royal Gold (NASDAQ: RGLD).
As seen on this chart currently I have a slight correction. This may or may not happen given the nature of why mining companies are soaring; a result of people hedging funds directly into gold, which is known to be a safe haven during times of crisis.
Good Luck
Cheers!
AEM, BULLISH/BEARISH SCENARIO/ POSSIBLE SCENARIOIf you like this idea please show support with a like. I do not advise taking any of my trades, because of the risk. I am not a financial advisor and i am not responsible for any of your losses / profits. This analysis is purely for entertainment purposes and represents an idea what could possibly happen with the direction of the stock.
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Potential Long 5th Wave on AEM, Daily Time FrameUsing our New Elliott Wave Indicator Suite , we are looking at a potential Long 5th Wave move on AEM. Entry will be through $60 and our Automated Target Zone is showing a Target price around $67.50. Risk to Reward is good and so looking to rejoin the overall and strong main Bullish trend
AEM breaks out to the upside up 3%AEM - Agnico Eagle Mines, one of my favourites. It has the same price pattern as WPM. Share prices broke through 60.40 in the previous session and flew like an eagle, breaching the uptrend price channel in today's session, and finished the trading session at 64.08 up 3.09%.
AEM share prices currently reached another resistance level at 63.85 and need to maintain trading activity above this point to continue to its next estimated target at 66.00, followed by 68.00. Share prices could retreat to around 61.60 and 60.40 support price level if it fails to push through 63.85