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Agnico Eagle Mines Limited Message Board

  • goldmantall78 goldmantall78 Oct 10, 2010 11:06 AM Flag


    The stock has made its way all the way back to an all-time high.

    If it breaks through the high on heavier volume, it's will explode to the upside.

    Be aware that it can drop back to the all-time high on lower volume, and if it holds, their is no doubt in my mind that this stock is going to 100, or more.

    I have been successful at buying all-time highs, and I just might know what I'm talking about.

    Just like when a stock is making all-time low and people think it's a bargain, it goes lower.
    When a stock is making all-time highs, people think it's too expensive, and it goes higher.

    Does it work 100% of the time? Of course not, but the odds are heavily in favor of a true break-out.

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    • I took tons of abuse years ago when I kept buying XTO. The stock kept making all-time highs, splitting, more all-time highs, and on and on. Buying a quality stock at a high for the right reasons is never the wrong thing.

      What so many who are new to the gold story (amazing that there are still folks like that....) need to understand is just how stocks like AEM are leveraged to the price, how they perform like call options on gold, and what massive earnings and increased shareholder rewards in terms of both dividend increases and stock appreciation lie ahead.

      For AEM, now that its massive new-mine building (5 of them) program is behind them, what happens here on the upside could be breathtaking.

    • AEM tacks gold. If gold gets to 1500 by Dec, AEM will clear 100.

49.05-0.12(-0.24%)Oct 21 4:02 PMEDT