AEM at $34.40.Surely it was not a good move to short(at least for the short term).I must admit that in two years it is likely that zinc and copper should be lower .I am aware that new projects like Laronde II ,Goldex,Lapa,Suurikuusikko,Pinos Altos will need capital.I would not be surprised to see Agnico management to issue new shares and warrants soon.During the last five years AEM traded most of the time between $10 and $15.Nobody knows the future with certitude.That is why Agnico is an interesting stock to trade.Regards
Truthfully, I would not enjoy seeing any of us "little guys" get smacked. You are playing with shorts at a time when indices show a huge rally at hand. In fact, if you go to the Newmont board and research my post prior to the market opening I warned CT to Phone home and cover his shorts. HE did and I am sure his technicals were similar to mine. The golds look like a strong rally for a while.
However, it is your trading and money so do as you may. I think you will need some serious luck with pms in a short position at this juncture.