Agnico Eagle Mines Ltd (AEM)

[sharpei]

The bottom is not too far off, imo; $20.10, or a number very close to this should be it. Gold prices should stop dropping at about $962. I think the turn will be sudden and very volatile and will take people by surprise.

Although the BB indicator might appear convincing as a bottom..and, I admit it does; the MACD on AEM pointing straight down, turned down recently and must turn and cross above the 'red' before a 'buy' signal occurs. The rsi, although below 30 looks like it needs to show a more pronounced bottoming signal.



(The above should not be construed as advice as it is merely an opinion.)