Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Agnico-Eagle: Trying To Soar While Facing Strong Headwinds

Agnico Eagle Mines (NYSE:AEM) has been known for its more aggressive way of doing business, although within a disciplined spending approach. It has been trying to rally since June 26, 2013, but it has met some resistance after climbing from around $25 a share (a 52-week low) to over $29.00 a share on July 11.

It appears investors believed the miner may have found a bottom and pushed the share price up as gold prices have recently been incrementally climbing. Unsurprisingly it's pulling back again, as gold continues to fluctuate and uncertainty continues as to whether or not it can break through $1,300 an ounce mark.

I believe if gold does find support around $1,300 it's going to...

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