BUY To AGNICO EAGLE MINES LTPHey traders, AGNICO EAGLE MINES LTP is in a contraction zone, it is going to break from the bottom and come back up thanks to the buyers.
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AEM trade ideas
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.
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Agnico Eagle Mines - Key Level A strong breakout with high volumes, above the red resistance, would fuel up and resume the current rally.
AEM On WatchLong entry above box into targets or pull back long entry from lower targets.
Can be shorted below box into lower targets, but I am focusing long going into next week.
May need some time to digest the big move the last few weeks.
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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Here we go. Agnico Eagle is ready to fly.Hello people,
Agnico eagle developed a downward abc structure after a upward trend. It reached nearly the 61% Fibo. So the price can go up.
May the force be with you.
AEM - good low risk entry?NYSE:AEM is punished after earnigns release this morning. However good level to attempt low risk entry as price is at major support zone right now.
AEM.TO Showing life in the green zoneGold showing some life after falling back. I don't believe the rally in gold is over.
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
Agnico Eagle breaking out , major high 2031-2032 Oscillator projection for Martin Armstrong's major pi cycle date of 2032.95, which will be the time of the crash and burn for western society according to Armstrong's models.
AEM Ready to finally breakoutAEM testing key area. A push through the downward trend line could lead to a nice run. Note this will be a tough zone to break
so it could easily fail.
long over 45solid set up here in this miner. breaking out of multiyear downtrend/consolidation $GDX $GLD $AEM.CA
AEM Looking interestingWill be watching AEM. Its made a decent breakout here and looks like it want to go higher. Will watch action around trend line.
