We objectively analyze gold market and try to answer the following questions: Where are the gold prices heading? What are the top gold stocks to invest in?
In addition you will find currency market news and analysis that affect precious metal prices, discussions whether gold is a good investment, and how to invest in this market. Please review site Terms Of Use and Disclaimer regarding investing. To share is to gain; all contents are complimentary.
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We’ve talked about the impressive performance of Agnico Eagle (AEM) in our previous posts. The weekly chart looks very bullish with the positive and rising MACD. RSI shows it can get overbought in a few weeks time frame as it has been trending up for long time without a pull back.
The company management is very careful in hiring great employees. The mine operators are highly involved in increasing the process efficiencies. In fact the gold production has increased more than 300% in past three years with addition of five new mines. It is targeting 1.0 million oz by the end of the year and remains a potential candidate for acquisitions.
Include Agnico Eagle in your portfolio to benefit from the gold market rally.
