GREY:CDKNF - Post by User
Comment by
goldpolkaon Sep 22, 2014 10:58am
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Post# 22958067
RE:AEM support level?
RE:AEM support level?On July 29, AEM hit a high of $45.92. Since then the stock chart is absolutely horrible, falling 28% in just 8 weeks. This is not a good trend. Gold closed at 1299 on July 29. Around 1213 now, which is a 6.6% decline. Given the latest news of slowing growth in China, I really fear for a gold price moving more toward 1,100 than a quick recovery to 1,300 (at least in the time to complete the CYD transaction). AEM looks to have minor support at $32 and $31 ... but I guess we'll have to see. GLTA