Gold Stock AEM Could Reach Record Highs Despite Previous Failure

Gold mining stock Agnico Eagle Mines Ltd (NYSE:AEM) is up 1.3% amid a stronger U.S. dollar, supported by a 50.3% year-to-date lead. Despite failing to surpass its record high in June, another attempt is possible, backed by a bullish signal.

AEM is near its 80-day moving average, with historical data showing an average gain of 4.7% one month after similar signals. Options offer an affordable way to capitalize on potential movements, with low volatility expectations reflected in AEM’s Schaeffer’s Volatility Index (SVI) at 34%.

Read more at Yahoo Finance: Gold Stock May Have Antoher Shot at Record Highs