By New Low Observer:
In light of our Gold Stock Indicator approaching the long term buy signal (found here), we have decided to go over the gold stocks that pay a dividend and are near their respective 52-week lows. In this review, we’re going to cover Agnico-Eagle Mines Ltd. (AEM) and Gold Fields Ltd. (GFI). When, and if, the Gold Stock Indicator actually reaches the long-term buy indication, it will be posted to our site. The stocks that we cover here are for you to do additional due diligence before taking any action.
Agnico-Eagle Mines Ltd. closed at $32.37 on Thursday April 5, 2012. Agnico-Eagle is currently operating at an annual loss of -$3.36 according to Yahoo!Finance. Contributing factors to Agnico-Eagle’s decline in price over the last year have been problems with the operation of their mines.
As described in many of our previous articles, Edson Gould’s Altimeter is based on the stock’s price