misterchan

Credit Suisse Analyst Downgrades Agnico-Eagle Mines on Valuation

I think AEM may split. That would take away some beta, but ultimately it would solidify the upward direction. I have been writing puts for a few years, but I would consider writing calls only during a correction in gold. I can also remember AEM when it was $12.00 and I thought it was a terrible stock. Too bad I wasn't smart enough to buy it then and just wait. However, I currently view another issue as having the same upward potential. That is IAG. I have , at different prices, collected 1000 shares and plan to keep them until I feel that I was wrong. Recently, Iamgold went down because of one disappointment, and while reading the article, I learned that they have a large number of mining properties in many countries. Also they pay an annual dividend of $6.00 and have been doing that for 7 years. I write covered calls in case I am wrong. The stock is about $7.50. By the way. when AEM was $12.00, I couldn't create a profit, no matter what I did. So I decided it was a terrible investment and forgot about it. Until it started moving up. So now my opinion is - AEM is a wonderful company and IAG , one of these days, is going to be wonderful, too.