Make Money On Gold Miners

Discussion in 'Stock Market Forum' started by ParmMannTrader, Aug 21, 2014.

  1. ParmMannTrader

    ParmMannTrader Active Member

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    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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    Parm Mann
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    Last edited by a moderator: Jul 8, 2016
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I am mid to longterm bullish on gold. I used to dabble in the miners, but I've found them to be actually less rewarding and more risky in general than the actual commodity.
     
  3. tradingpulsealpha

    tradingpulsealpha Active Member

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    With the strengh of the dollar (everyone in Europe and Japan want its currency weaker) and the momentum of the economy and barring a a real war I do not see Gold promising at all. There is some important thresholds to watch.



    Income Trading specialist
     
  4. vinnybigwoodevi

    vinnybigwoodevi Guest

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    Now exchange E-currency with western union. Easy and Fast exchange just visit
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  5. cameronpalte

    cameronpalte Well-Known Member

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    If the price of gold does rise noticeably then maybe these god miners stocks will go up a lot but I think it will take a while for the gold price to get to such a high point especially with how high the stock market is now. Maybe if the stock market drops significantly for a major correction than the price of precious metals will rise again but until that happens I don't think these companies are a good investment.
     
  6. ParmMannTrader

    ParmMannTrader Active Member

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    This is not so much of an investment but rather a trade. I am looking to capture about 5%-10% on an oversold bounce. Gold has fallen a fair bit recently as have the gold miners, nothing goes down in a straight line. There will be a bounce and quick profits can be taken.
     

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