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Agnico Eagle Mines Limited Message Board

  • beartooth777 beartooth777 Aug 8, 2008 3:29 PM Flag


    recent breakout @ 73.20 continues; it blew thru 75 today that I had targeted; 50 week is at 74.94 and it looks to close above that for the first time in months; its been on a tear so it may consolidate next week but it is not favorable to PMs; it could run to 76-77 over the next few weeks; i dont think that the dollar per se is strong, its the other currencies that need to face reality and weaken; unfortunately most commodities priced in dollars;
    only caveat is some geopolitical shock event - its that time of year

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    • dollar could tag 77ish near weekly trend resist;

      geo-politics could upset everything;

      gold better hold the 830ish are on monthly basis;

      monthly chart does not look good;
      possible descending triangle at 850ish

      may foreigners are buying the dollar for safety

26.91+0.86(+3.30%)Nov 20 4:08 PMEST

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