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.
Stock Market Commentary by full-time trader and best selling author Bob Kudla AKA "BobLovesHawaii"
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.
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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