Agnico Eagle Mines Limited (AEM)

A little bit of ratio analysis (which points to a very positive future for Yamana shareholders):

If we take today’s closing stock price divided by estimated 2020 earnings, we end up w/ P/E ratios as follows:

NEM p/e = 66.70 / 2.28 = 29.25
AUY p/e =5.70 / 0.19 = 30

Hmm, surprising, actually NEM is narrowly cheaper using the P/E ratio.

The other ratio I like is market cap per GEO produced:

AUY $5.4b / 915k = $5,900 of mkt cap per GEO of production

NEM $53.6b / 6m = $8,933 of mkt cap per GEO of production

By this metric, #NEM gets a 50% higher mor cap per GEO produced.

If Yamana achieved a ratio of $8,933 of mkt cap per GEO produced, it would need trade at mkt cap of $8.2b or $8.77 per share.

If this was true, then AUY would also need to achieve earnings of $0.30 per share per year or $0.075 per share per quarter in order to sustain a P/E of 30.

If a group of investors from the Yahoo group were to write a letter to management, we should insist on optimizing the company to achieve $0.075-0.085 per share per quarter, which would put us into blue chip gold producer territory (ie Better than #NEM)!

Q3 was on track w/ $0.06 per share reported earnings plus the additional $0.02 for the gold production that was held back and not sold, ie, $0.08 / quarter.

With consistent Yamana earnings of $0.075 / quarter for a year or two (Wall St likes stability!), based on NEM’s current pricing it’s perfectly realistic that we can achieve $8.50 per share.

And that is at the current gold price! If the gold price rises above $1900, AUY rises even more!

#GOLD #AEM #WPM

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

****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

**SPECIAL ALERT***
The banks are writing a lot of articles on Yahoo and Kitco Oh Gold is going to drop its gone up too far too fast ! Yes Nasdaq can go up 400% but Gold up 38% thats PARABOLIC right ?
Now here is the situation.. The BIG BIG Money wants IN and they have engineered a bunch of sharp corrections in the past and my brother got snookered already calling for a correction 100 dollars ago..
Now again he says GOLD Is going to drop big and I said SINCE You and everyone like you in this space had been expecting and calling for this big correction it probably won't happen.
What is going on today likely is a big money on the WRONG side of the trade wants to scare weak hands speculators mo mo traders then they will scoop up the mining shares and then BOOM back it goes up.
Now are we due for a correction or consolidation sure but this is a VERY POWERFUL MOVE where the BIG 2000 was taken out.. and This draws in MORE buying. So we will see if this is a SNOOKER today and GOLD REBOUNDS or if my BROTHER IS RIGHT this time....
Again those not using LEVERAGE can use these little pullbacks to add to positions..
Me I AM ANXIOUSLY Awaiting HECLA earnings which I have a big stake in.
Reporting Tomorrow AM expect a big UPGRADE to the FORECAST !!!
Hoping to see 7.50 tomorrow !!
Lets see What happens today if people got snookered out of this bull market......
I think it will rebound but if not it will certainly make new highs soon...
GLTA
$SLV $HL $NEM $GDX $GOLD $CDE $AEM $SIL $GDX $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

No other asset is as well positioned to gain in this environment as fold and silver. This article outlines many of those reasons but the main theme is the US money 💰 printing that will never stop, super overvalued interest rates, sputtering economy and zero interest rates..
“Stunned by gold's record rise? There's more to come, analysts say”
See my comments on GLD board for more info. Meanwhile silver rally just getting underway stunning the naysayers and shorters who have been bashing for 9 ling years. Trrmendous short positions by commercial banks and hedge funds will need to be closed by buying more silver causing higher prices as i told you months ago the day would come soon for silver to gain over 1.00 per day as it has been shorted and held down for so long, and it is a tiny market that can explode higher once investors realize how undervalued it is compared to stocks, real estate gold etc.. a pure troy ounce even today is still only a little more than the price of pizza 🍕 or 5lbs of hamburg or 1 bottle of wine 🍷 in a restaurant or 2 weeks of phone service etc. buy and hold silver eagles 🦅 as many as you can with silvers returns will amaze in the months to come imo..
$NEM $GOLD $GDX $AEM $KL $SIL $PAAS $WPM $IAG $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

I don't worry about any pullbacks either as I AM NOT LEVERAGED with PHYS ! 1.2% up for GOLD when STOCKS GO UP 10% and 15% and 38% gain in 1 year for Gold with what is going on here NO WAY WILL I SELL NOW....
EVERYONE WHO SOLD In the PAST IS today UNDER WATER and when a NEW HIGH is REACHED more buying comes in and everyone is ahead and making money...
Encourage everyone to AVOID leverage and buy physical or PHYS CEF PSLV or miners GDX GDXJ etc
any PULLBACKS are a GIFT as you are getting something you want for LOWER PRICES and its still especially SILVER DIRT CHEAP ! Silver was 48.50 in 2011 for REFERENCE.... They say they can't get enough supply of it now and SILVER is a TINY MARKET and has been held down by Large Commercial SHORTERS
The great late Richard Russell said:
"Theres NO FEVER LIKE GOLD FEVER"
and
"Whenever something has been held back for many years, when it rebounds it will greatly exceed what people expect"
$PHYS $HL $GDX $GDXJ $NEM $GOLD $AEM $KL $CDE $PAAS

The crooked commercial banks were not able to work their magic and tank gold as they usually do !
They must be scared out of their minds !
Silver especially is going to bankrupt some hedge funds, retail investors and even maybe commercial banks !
I have been waiting for 9 long years for this !
$SIL $SLV $HL $GOLD $CDE $NEM $AEM

$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

***SPECIAL ALERT***
Many people bashed my posts about gold and silver now you can see i was right sadly and the treasury and fed are in the process of destroying the dollar 💵 with near infinite money 💰 printing to prop up bubble markets and to protect wall st banks, hedge funds, owners of toxic junk bonds and municipal bonds and corprorate bonds of walking dead 💀 companies like cruise 🚢 ship companies and any company in jay powell, steve mnuchins trust funds, oil companies and big republican donors etc etc in fact they have created about 9 billions in new debt with an astounding 8 trillion if this going to the top 5% wealthy including mitch mconnels wife who got free money for her shipping company lol transportation secretarty his wife lol 😂 drain the swamp lol 😆 and less than 1 trillion was ditected to 350 million americans and 30 million small busineses who actually work and pay taxes while these people driving around in Bentleys and lamborginis do nothing but watch their assets of stocks and bonds rise higher and higher on taxpayer money While the common man gets 0% interest in banks and pays hidden unreported inflation for food and other necessities. I told you that for the common man gold and silver which are created in FINITE. Amounts and havd no COUNTER PARTY risk would be the best way for the common man to protect what little wealth they have from the destruction and mismangement of the us dollar. In addition the us has completely mismanaged the virus and china and many other countries are recovering while we flounder, too lazy and spoiled to do the right things, and our so called freedoms have worked against us. In addition the US economy is based on massive ENTERTAINMENT like sports, concerts, restaurants, casinos, cruises, services like gyms and hair salons, yoga studios, resorts, bars, taverns, bowling alleys, tatoo parlors etc and this virus is the worst thing for the us economy....
Gold had already risen to all time highs in every currency except the us dollar and now due to the actions of the fed and treasury, gold today has breached the highest level it has ever been as smart large investors acquire as much as they can to protect their wealth from a falling dollar. Steven Roach says the dollar will fall at least 35% from here and gold and silver will certainly rise that much and more and peter shiff who so many bash but who called the housing financial crisis, has correctly predicted what is occurring today..
Many think gold and silver will pull back big, i disagree because gold and silver are veey tiny and underowned with only about 1% of investors have any and can rise much more than people think. In addition many banks and hedge funds have made billions shorting gold and silver for 9 years and are caught today on the wrong side of the trade. Many hedge funds and even some banks likely to be bankrupted by what is occurung in the silver and gild markets today and in the next few months.. If bitcoin can rise 20 or 30 times gold can certainly rise 3 or 4 times or up to 4000 and silver 80 to 100 dollats per oz.. this bull market is just getting starting with trillions exiting the stock, bond, and real estate markets and buying gold and silver to diversify and protect their portfolios..
Silver and gold eagles are best imo because they are us currency and easily recognized but all bulion have hefty premiums as the so called spot price is set much lower than what owners will sell the real thing for, however these coins are still excdllent buys today. Do not but etfs gld slv as these are not audited and may prove fraudulent in the future, for trading retirement accounts i recommend PHYS PSLV CEF sprott funds audited monthly, held at the royal canadian mint and will deliver physical to you on demand if you have enough shares see their data sheet. In any event these are sad days imo for Americans who will pay a very hefty price for the 12 years of fed induced credit debt funancial asset explosion and todays treasury actions. The US today is like The end of Rome where they destroyed their currency needlesly to benefit the wealthy...
GLTU you will need it...
PS: see my post earlier on GLD board that i posted over 6 months ago initially where i predicted exactly what is occurring today.. my brother calling for pullback today, i doubt it there are many more investors getting into this space and there is no fever like Gold fever once it get started... many hedge funds, individual investors who made money for years shorting gold and silver are today on the WRONG SIDE of the trade and will learn the lessons of their lives and cause short squeezes as they are forced to buy to close their short posititions..
$SLV $HL $GOLD $GLD $GDX $AEM $AMD $GDXJ $SIL $PAAS $CDE

People you must understand what makes earnings better in the mining industry before you purchase shares... The higher the price of gold/sliver... The more money the companies will earn.... The lower the price of oil... The less expense the companies have... These equal great earnings... I foresee a ton of miners hitting the motherlode this season. Or now will be the time they announce their discovery in massive pockets in attempt to wait for being prices... BUY THE MINING INDUSTRY NOW!!!

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #RGLD # #IAG #GSC #RGLD #NUGT #JNUG #AEM #^DJI #^IXIC #^GSP #AEM #GDX #SLV #AUY #H #AG #GORO

Think about it??? What do you think Trump means when he says
“Make America Great Again.”? It doesn’t take a genius to figure it out... Trump is referring to the days when it was Gold Standards. Trump agenda is to return to Gold Standards... It’s so obvious... I can guarantee that if he wins another term. Gold Standards will return.... What do you think that means for the mining industry? I’m telling you BUY now.....

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #IAG #GSC #RGLD #NUGT #JNUG #AEM #RIO #DJI>

Housing market has collapsed....

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #RGLD # #IAG #GSC #RGLD #NUGT #JNUG #AEM #^DJI #^IXIC #^GSP #AEM #GDX #SLV #AUY

Chicago real estate prices falter, trailing even Hong Kong

https://www.foxbusiness.com/money/chicago-real-estate-prices-plummet-trailing-even-hong-kong

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

I’m sure this will make the TradeWar go a lot smoother???

#GOLD #NEM #CDE #PAAS #AU #FCX #EGO #KGC #RGLD # #IAG #GSC #RGLD #NUGT #JNUG #AEM #^DJI #^IXIC #^GSP #AEM #GDX #SLV #AUY

Senate passes bill to support human rights in Hong Kong

https://www.foxbusiness.com/markets/senate-unanimously-passes-hong-kong-rights-bill