Agnico Eagle Mines Limited (AEM)

Agnico said its operations performed well.

"Despite ongoing challenges related to the COVID-19 pandemic, Agnico Eagle's operations had strong performance in the third quarter of 2020. Many of our operations set monthly or quarterly production records, which is a testament to the hard work of our employees and the continued support of our local communities in these difficult times", said Sean Boyd, Agnico Eagle's Chief Executive Officer. "This solid operational performance, coupled with a record realized gold price, resulted in strong quarterly free cash flow generation."

The company has increased its increased its quarterly dividend by 75%.

$AEM next win is $EGO

$EGO ELDORADO GOLD trading at $11.xx has over 31K Open Interest in options on 3.1 million shares at $14 strike expiring next Friday Oct 16 on imminent positive production and expansion news.
Try to find another miner with even 2K open interest in Oct 16 options at any strike.

$NEM $AUY $IAG $KL $KGC $AEM $GFI $GDX $NUGT $GLD $SLV $SIL $AG $HL

****What will happen to Inflation someone asked ?****
**Hyper Inflation** will occur as too much Money chases too few goods. It has NOT Happened for the past 12 years since the financial crisis because the FED had directed all the money into the stock and bond and indirectly real estate markets inflating those assets primarily for the top 5% wage earners causing massive income inequality while the lower class inflated their DEBT. Now the Fed and treasury is directing money to the middle and lower classes due to the pandemic to make sure that spending does not collapse. They are NOT doing so to HELP the Lower or Middle Class ! This is ONLY being done so that the Lower and middle class can continue to PAY the BANKS (which the FED LOVES) for LOANS, MORTGAGES, and CREDIT CARD debt as well as protecting the Super Inflated Stock markets by providing money for iPhones, Nike Sneakers Mcdonalds etc ! The economic principles are clear that EVERYONE can't be RICH but the fed and treasury has been printing money and expanding Credit and Debt for many years and now this money is QUICKY coming down to the common man and this is going to cause the prices of everything to SKYROCKET very soon. The fed knows this is going to cause massive inflation and would normally force them to raise interest rates and to tighten credit (which would crash markets), This is why LAST WEEK the FED even says it will allow INFLATION to run much higher for many years !) This is being done so that the massive debtor companies, individuals and governments can make their minimum payments without high interest costs which would normally bankrupt them.
Make no mistake, inflation is already here in food and soon will be seen in products you buy made in China and US etc... This is because the flood of new money, Trillions of it in the hands of the common man who will spend it DILUTES the dollars and makes them worth less... It's coming thats why Gold is rising steadily now. GOLD does not "make" money per se over time but it MAINTAINS Wealth as currencies DEPRECIATE. Gold is now at RECORD LEVELS in EVERY CURRENCY Including the US DOLLAR earlier this month and will continue to make new records here too... I bet 99% of the people who read this do not own ANY gold outside of Jewelry and rightly so until now because the stock market was rising faster than gold for 12 year. But that is almost of not already over now imo..
Even with all this printing, corporate revenues and earnings are going to decline big (for most companies) after stimulus is cut off and make the stock market ridiculously expensive.
Regarding gold, the people in VENEZUELA, ARGENTINA, GREECE, ZIMBABWE etc all of these preserved their wealth with gold as their countries mismanaged and debased their currencies (as the FED and Treasury is doing in the US dollar today) and this is why GOLD Is going to MAINTAIN your wealth and those that stay in dollars will lose over time. And as I said, the fact no one is in Gold hardly at all is how bull markets are made, I posted a comment on the Berkshire board about Gold and got 90% thumbs down proving my point that few are invested in Gold and it will surely rise much more than many believe because it's FINITE in quantity and when everyone wants in to protect their wealth, it will rise even more.. Gold is the ONLY REAL MONEY produced by the sweat of men and has NO COUNTER PARTY RISK because its VALUE IS SELF CONTAINED. THE FED has tried to STOP COUNTER PARTY RISK by BUYING the other side of the trade on stocks, bonds etc but soon they will not politically be able to do so (and they can't buy everything without bankrupting the country.) Its funny how most people think the US is CAPITALISM as the FED BUYS ALL failed debt and props markets and as people see what is going on, they will force this WEALTH TRANSFER from the PEOPLE WHO WORK and MAKE THINGS to the RICH (who do nothing but watch their financial assets inflate) to STOP and that is when the markets will CRASH and GOLD WILL EXPLODE. Buy Gold EAGLES or in trading accounts PHYS who has audited gold, stored at the ROYAL CANADIAN MINT in CANADA and will deliver it to you if you have enough shares. Or for additional Leverage, Gold and Silver miners (GDX Gold Miners Large ETF) or (GDXJ Gold Miners Junior ETF).
DO NOT BUY BANK OWNED GLD WHO is NOT AUDITED and Servers to TEMPER demand for GOLD by taking in money and possibly not buying the physical GOLD IMO and will eventually cause losses for Investors imo...
GLTA !!!!
We are going to need it soon as the FED totally destroys this country to enrich and protect Wall st banks and the wealthy using Taxpayer dollars ! I will make another post soon to further explain my point about Gold vs Cash. read this, understand it and learn from it to protect your wealth from the Fed and treasury actions !

"Gold turns higher for the week as investors parse Fed’s historic policy shift"

$SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL $BRK-A $AMD $GDXJ

US debt set to exceed size of its economy - first time since WWII

The expected budget deficit of $3.3 trillion would be more than triple the shortfall recorded in 2019.
Is this not the best time to acquire physical gold and silver ?

$SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL $GDXJ

To answer your questions (W) about yesterdays selloff.. I offer these theories:
Whenever the fed or treasury moves toward Easier more dovish money 💰 policies, or money printing, debt creation gold and silver are obvious beneficiaries. But the large institutiions and wall st banks that run this casino, have trillions invested in the bubble stock market and want to stop any move by retail and other investors out of the bubble stock market and into the relatively tiny gold and silver market. Therefore they sell dome of their massive gold mining ⛏ stocks along with gld slv paper gold contracts etc. this has the benefit of causing weak hands, those on margin and others who bought gold silved miners gld slv phys pslv etc to get scared about the drop and sell. Then they rally the overall market to condition these weak handed investors that they need or should stay in the bubble markets and stay out of the previous metals markets.. meanwhile near the end of the day, these same sellers of miners etfs etc reverse their selling and begin to buy back the miners and etfs etc they sold at much lower prices.. this results in killing 2 birds 🦅 with 1 stone. Now today they are buyng more gold and silver contracts and miners and most new investors, followers of buffet who are large holders of bubble market stocks have been burned by gold and are unlikely to look back or invest in this market preserving investment in the traditional non gold silver bubble stock market.
This also backs up the fact that most investors lose and only few gain because the market is made to move by professional traders in (non logical ) ways or OPPOSITE to what most traders expect. And again this MINIMIZES how POSITIVE the feds action yesterday for gold and silver really are giving these large investors more time to increase their positions at the lowest prices. But make no mistake, yesterdays pullback provided an excellent opportunity for the astute investor to buy that dip and to continue to plow money 💰 into miners and silver and gold eagles or for trading accounts, to sell overpriced tech amd other stocks and buy gold amd silver miners and phys, pslv, slv, ounz etc (but not gld slv) because the actions taken by fed pulling out all stops regarding inflation without lowering interest rates could not be more positive for gold and silver miners as well as the physical metals themselves providing the fuel ⛽️ for new highs for gold and silver in very short timeframes..
$SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL

US trade deficit largest since 2008 !
Plus
First time claims HIGHER this week than last !
See bloomberg main page...
Both of these dollar negative
New massive stimulus coming
Buy physical and miners on this dip..
Thats what pros are doing...
You saw it in the action yesterday..
$SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL

Gold will not be down by end of day. In fact its up 5.10 due to dollar drop and selling by banks etc like the other day to enable them to buy miners imo at lower prices..
Then by end of the day you will see gold reverse..
This is Goldman JP Morgan..
Everyone needs gold Buy with confidence..
Upside is huge downside risk almost nil...
remember we are dealing in US DOLLARS getting trashed with FAR MORE to come when the 2 TRILLION STIMULUS comes..
$SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL $BRK-A $GDXJ

Who told you GOLD would RISE and MARKET would Tanks this AM ?
I did !
I told you that the first time claim number was faked and MORE people lost their jobs this week than last !
I told you Market was topped !
I told you Miners were being accumulated prior to the next stage up to new highs for Gold and Silver !
Now once again YOU SEE I KNOW WHAT I am talking ABOUT !
I told you to buy the dip on Physical and the miners !
And I also wrote a note earlier today but forgot to add GLD to the list...
If you are interested in reading it SEE UAL BOARD about half way down the page you will see my post
entitled:
**BE CAREFUL AS THIS IS MIRRORING 1929**
Where I outline my reasons for why this market correction was coming and why the market has a long way to fall from here....
GLTA

$SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL $GDXJ

Donald will have to walk a “fine” line with the 100% manufactured job report tomorrow. Even hitting under 10% unemployment impossible imo implying that app 5 million people were hired/rehired PLUS 1.35 Million MORE or 6.35 Milllion Hires which is Nonsense to me but if the report says this, then the URGENCY for more stimulus is much LOWER and market will not like it thus its likely to be a little weaker and very good for gold silver and miners Imo.. "Jobs report preview: US economy expected to show 1.35 million payrolls added in August as unemployment rate dips below 10%"

$SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL $GDXJ

Headline yahoo main page from Marketwatch:
“The Fed might never hike rates again. Here are growth stocks for the long run, according to one strategist”
Of course none of the stocks they suggest are miners but you have to think that Gold Silver physical and miners can must and will rise to record highs in coming months.. waren buffet who always hated gold buying it he knows..
$SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL

The dept of labor (the head of whom under the person who wants to be reelected) changed the way first time claims are reported ! More people layed off this week than last week but the reported number looks like less were layed off Are you surprised ? Buy gold and silver and miners !
Gold will go green ! Read it this is the definition of fake news...
“ Jobless claims: Another 881,000 Americans filed new unemployment claims last week, as new counting method takes effect”

SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL $GDXJ

Massive inflation in the pipeline as the Consumer Price Index comes in at .6% DOUBLE the forecasted .3% rate and matching last months .6% rate as massive money 💰 printing filters its way into consumer prices ! Gold and Silver are the best way for the common man to protect their wealth if not part of the 1%, wall st banks, or owners of toxic debt backed by the fed.
“Gold price above $1,940 as inflation beats expectations in July”
Today Is going to be a fabulous day for GOLD & SILVER MINERS !
$SLV $GOLD $HL $GDX $SIL $PAAS $CDE $GDXJ $AEM $KL $AUY $KGC

Market topped with massive money 💰 printing stimulus, guaranteed negative real interest rates, and soaring produced prices. I bought more hecla today.
The corrction is healthy and while this was a decent drop many tech stocks today like amd fell almost as much as gold.. the pullback is required and necessary to alllow new buyers to get in and reach new highs..
Looks to me the stock market is topped as it ismat levels higher than it was before covid when everything was booming... my brother was right about the size of the pullback, i thought we would stop around 1950. But he bought back in today into the miners so i feel very good about that..
Here is a good read on the situation..
“Here's how gold price lost over $100 in one day and why this is your 2nd chance to get in before new highs“
GLTU
$SLV $GOLD $HL $GDX $SIL $PAAS $CDE $GDXJ $AEM $KL $AUY $KGC

Not to get into politics, but Dems getting elected would be great for gold and especially Silver due to their Green policies ie solar power vs trumps oil friends.
And Kamala Harris delivered a scathing speech on how much he has mishandled covid. So persuasive was this speech everyone should listen that gold immediately spiked higher ah during the speech. In,addition to the green policies which would be great for silver i see 2 other reasons gold and silver would rise faster with Biden Harris than Trump.
1. While republicans pretend to be budget conscious, they spend just as much if not more than dems except they secretly earmark the money to the wealthy vs democrats who spend far more on the common man who will spend all of it vs ultra rich republican recipients who invest and bank most of the free money as they have everything they want already..
2. Wall st banks are going to follow regulations that trump eliminated..
therefore look for a big jump in gold and especially Silver as Biden Harris ticket looks to have an excellent chance of winning this fall.. make sure to listen to her acceptance speech, i voted for trump but not after his handling of this pandemic.. sorry I’m tired of hiding in my home due to his policies...

$SLV $GOLD $HL $GDX $SIL $PAAS $CDE $GDXJ $AEM $KL $AUY $KGC

Producer prices gained much more than expected !
This is good for gold its called INFLATION !
How is INFLATION bad for gold ?
WHAT DEFLATION BAD FOR GOLD AND INFLATION BAD TOO ?
NONSENSE when GOLD hit 2800 inflation adjusted in 1980 note inflation adjusted We had big inflation Jimmy Carter
So this is a fake selloff by big money...
Great buying opportunity they want in and scaring speculators and weak hands.. this is setting the stage for the move to 2200 and beyond.
Another way to look at it PRODUCER PRICES UP HUGE are not GOOD for MINERS PRODUCING LEAD COPPER ZINC SILVER etc and GOLD Is the metal to own when inflation is rising. BANKS write articles to fool people but INFLATED PRICES ARE THE PURPOSE TO OWN GOLD AND SILVER,
Buy th dips or hold your positions do not let pros 🎱 snooker you out.
$SLV $GOLD $HL $GDX $SIL $PAAS $CDE $GDXJ $AEM $KL $AUY $KGC