The company is planning to increase gold production and exploration and fundamentally in a healthy status.
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Short and Long Term Gold Forecast
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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Shares of Agnico Eagle Mine Could Bounce Back
Written by seekinGold Tuesday, 25 January 2011 05:01Shares of Agnico Eagle Mines broke the uptrend line in the weekly chart and currently trending down. Weakness in gold, a likely forecast near term, could drag shares lower. But there are two key technical indicators that could help shares bounce back for the time being. Share price is touching the 200 day moving average and at the same time the 61.8% Fibonacci retracement.
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