The precious metals have come under some decent selling pressure, as GOLD
is trading around $1275/oz. Following suit are the gold
miners and Agnico Eagle Mines Ltd
(USA)(NYSE:AEM) is no exception, as it is down nearly 4.5%. This weakness has peaked my interest as a pro trader and will be looking for a good entry point, for a long side trade. On the chart below Agnico Eagle Mines Ltd
(USA)(NYSE:AEM) is currently holding an up sloping trendline
. Should this trendline
fail as support then this stock is headed straight for $35.30 and then the very attractive buy level of $33.25. Keep this stock on your radar and use those two levels I have given you to make easy money!
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