Agnico Eagle Mines Ltd (AEM)

[NYBob]

AEM big up-spike this morning, Correction over

AEM had a big vertical up-spike this morning, and was the strongest of all the big gold stocks at that point.

Time to buy AEM after this Wave 4 gold drop. Wave 5 up is expected to take gold to $2900. BUY

Gold Bounces Back After Six-Day Slump, Eyes Fed Comments

Gold prices rebounded on Monday after six consecutive sessions of losses, driven by a pause in the U.S. dollar’s rally.
The spot price is trading at $2,604.71 per ounce, up $41.46 and moving away from a two-month low hit on Thursday.
Silver is trading at $30.92, up 65 cents.
This rebound comes after gold experienced its biggest weekly decline in over three years due to expectations of
less aggressive interest rate cuts by the Federal Reserve.

Investors are now awaiting comments from Federal Reserve officials for clarity on the interest rate trajectory.
The recent U.S. economic data has reduced expectations for a December rate cut by the Fed, with at least
seven U.S. central bank officials scheduled to speak this week.
Analysts suggest that while the short to medium-term outlook for gold may be negatively impacted by a
strengthening U.S. dollar, the long-term inflationary effects of President Trump’s policies could benefit gold prices.