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Agnico Eagle Mines Ltd (Ontario) T.AEM

Alternate Symbol(s):  AEM

Metals & Mining Gold
Agnico Eagle Mines Limited is a Canada-based gold mining company, which is engaged in producing precious metals from operations in Canada, Australia, Finland and Mexico. The Company has a pipeline of exploration and development projects in these countries as well as in the United States. Its operations include Canadian Malartic Complex, Detour Lake, Fosterville, Goldex, Kittila, La India, LaRonde Complex, Macassa, Meadowbank Complex, Meliadine and Pinos Altos. Its exploration site includes Anza, Barsele, Delta, Douay/Joutel, Kirkland Lake Regional, Kuotko, Monument Bay and others. The Canadian Malartic Complex is located over 25 kilometers (km) west of Val-d’Or in northwestern Quebec, Canada. The Detour Lake operation is located in northeastern Ontario, over 300 km northeast of Timmins and 185 km by road northeast of Cochrane, within the northernmost Abitibi Greenstone Belt. The Fosterville mine is a high-grade, low-cost underground gold mine, located 20 km from the city of Bendigo.


TSX:AEM - Post by User

Agnico Eagle Mines Ltd (Ontario) > Goodbye US Dollar
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Comment by Quintessential1on Apr 10, 2022 2:37pm
151 Views
Post# 34592019

RE:RE:RE:RE:RE:RE:RE:Goodbye US Dollar

RE:RE:RE:RE:RE:RE:RE:Goodbye US DollarOddly enough Venezaulens are using Gold to buy just about everything right now and a carryable currency that does not diminish in value makes sense.

https://www.bloomberg.com/news/articles/2021-10-20/venezuelans-break-off-flakes-of-gold-to-pay-for-meals-haircuts#:~:text=In%20parts%20of%20southeastern%20Venezuela,loaded%20with%20the%20precious%20metal.

Silver and copper are better electrical conductors than gold and copper is still much cheaper.

All that aside it looks like AEM just broke out of its trading pattern.  I would like to see this closer to $100 by X-mas than $80.  Can the Fed really try to slow inflation and keep gold prices down?  Pretty good magic trick in financials.

GLTA




JayBanks wrote:

Part 2... cause I pressed the post button while scrolling...
 

I'm not a big fan of crypto, but if that's the way we are going with financials, I don't see a connection to electronic finances and a material store of value in that world. Hypothetically, if power goes down you can't buy anything with electronic finances even if your a crypto millionaire and your not gonna use gold bullion to buy a Coke with your McDonalds.



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