We kick off with a quick look at the chart where we can see that Agnico-Eagle Mines Limited (AEM) has made good progress after a long period of mine construction and development. The technical indicators suggest that Agnico is overbought and could be due for a breather. However, gold prices are going gang busters and should they pop up over the $1300/oz level then this stock will be sky bound and the indicators will have to continue with some sideways consolidation, albeit at a high level.

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Price Of Gold