Friday, October 29, 2010

AEM Reaching All Time Highs

AEM has just reported record earnings, production, and cashflows.  An additional benefit is the currency tailwinds being a Canadian company. AEM is also a low cost producer, which is now optimizing new mines going into production.

My expectation for AEM is to consolidate around these all time highs, and then once it breaks out, a measured move to the $120-$140 area.  AEM is my largest Gold miner position.

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