More on Agnico-Eagle Mines

Since Agnico-Eagle Mines may not be well known in the US, I went looking for some analysis that might provide support for the TradeRadar BUY signal. The following is an excerpt from a Business Week article from June 7 titled "Canada's Resource Boom: Five Great Plays" where AEMLW is one of the five:

The weaker U.S. dollar, inflation concerns, and rising demand from the jewelry market out of India, China, and the Middle East with their growing economies have made gold a hot commodity lately. With mining production slipping from a peak in 2001 and more physical bullion being socked away in bank vaults as collateral for gold exchange-traded funds, the supply-demand imbalance has also favored higher prices.

Toronto-based Agnico-Eagle Mines Limited (AEMLW) has only one mine, in Quebec, currently producing gold. But it's poised to grow rapidly as it brings three additional mines in Quebec and projects in Mexico and Finland onstream in the next couple of years. The company has a "tremendous growth profile, and all the growth is coming in politically stable and mining-friendly jurisdictions," says Joe Foster, manager of the Van Eck International Investors Gold Fund. In his view, the stock is undervalued relative to its peers. In addition to trading in Toronto, the American Depositary Receipts trade on the New York Stock Exchange.

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Brazil - in a bubble or on a roll?

A couple of years ago, no one recognized the real estate bubble even though it was under everyone's nose. Now, analysts and bloggers are seeing bubbles everywhere they look. One of them, they say is in Brazil whose Bovespa stock market index has doubled in the last 12 months. Does the bubble accusation hold water? I don't think so and here are 7 reasons why Brazil is by no means a bubble economy: Exports have held up over the past year thanks to demand from China for Brazil's soya exports and iron ore. This was helped by the the Brazilian government's drive to improve trade links with Asia and Africa. Export diversification, spurred by a more active trade policy and increased focus on "south-south" trade under current president Lula, helped mitigate the decline in demand from OECD (Organization for Economic Co-operation and Development) countries A "sensible" economic framework has been in place since the 1990's. This has included inflation ...

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Some of our data sources changed again and it impacted our ability to load fundamental/financial data. In response, we are rolling out a new version of the software: 7.1.24 The data sourcing issues are fixed and some dead links in the Chart menu were removed. So whether you are a registered user or someone engaged in the free trial, head over to our update page and download the latest version. The update page is here: https://tradingstockalerts.com/software/downloadpatch Contact us if you have questions or identify any new issues.

Time to be conservative with your 401K

Most of the posts I and other financial bloggers write are typically focused on individual stocks or ETFs and managing active portfolios. For those folks who are more conservative investors, those whose main investment vehicle is a 401K, for example, the techniques for portfolio management might be a little different. The news of stock markets falling and pundits predicting recession is disconcerting to professional investors as well as to those of us who are watching our balances in an IRA or 401K sag. What approach should the average 401K investor take? Let's assume that the investor is contributing on a regular basis to one of these retirement accounts. There are two questions that the investor needs to ask: 1. Should I stop putting the regular contribution into stocks? My feeling is that investors making regular contributions are being handed a present by the markets. Every week the market goes down, these investors are lowering their average cost. When markets reco...

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