Agnico Eagle Mines Ltd (AEM)

[NYBob]

RE:BNN interview was very interesting ...the more I hear Tony

Everyone is looking at the TA or earnings and are forgetting that sometimes
if you are a fund manager you have to own certain stocks.
One of the reasons FANG stocks went up, was that if you were a fund,
you had to own these stocks.
If the FANGS had gone down and everyone owned them, you wouldn't be
fired, however if they went up, and you were the one who didn't own them,
you could lose your job.
If the same thing happens in Gold and KL is one of the go to gold stocks,
then the funds will pile into KL, because no one would want to be the one
who didn't own KL, and get fired.
I am not saying that is happening now, but it could happen.
Eric Sprott himself said that KL will be the largest gold stock on the TSX
when Goldcorp stops trading, and will probably go on the TSX 60 index.
A lot of fund buying will happen in Canada when that happens.
Same thing in the U.S if KL is added to different idices there.
IMHO by bob

https://www.bnnbloomberg.ca/video/kirkland-lake-nears-record-highs-as-investors-await-fosterville-updates~1604939
God Bless