Q: AEM busted through your suggested support level of $240. What is your view of the situation now? Thanks.
5i Research Answer:
All gold names will have some level of a 'leash' attached to the price of god in the short term. Nothing has changed here really aside from a quick drop in the price of gold. If gold continues to go lower, the miners will follow in the short term but as long as prices stay in tehse elevated ranges (even if lower than current levels), the miners should be able to generate healthy profits with these prices.