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Agnico Eagle Mines LimitedAgnico Eagle Mines LimitedAgnico Eagle Mines Limited

Agnico Eagle Mines Limited

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AEM trade ideas

AEM Killing it!Hello, Be sure to comment, follow, like, and check out my profile for more trade ideas! 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!
NYSE:AEMLong
by keifer
5
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. If you have any kind of questions please ask, i would love to answer you all. If you want to learn more message me.
NYSE:AEM
by UnknownUnicorn7025460
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
NYSE:AEMLong
by Rotuma