Why Agnico Eagle Mines Stock Dropped Today
Agnico Eagle Mines (NYSE: AEM) stock tumbled 5.7% through 11:30 a.m. ET Monday on a big reversal of the precious metals trade.
As CNBC reports, silver hit an all-time high price north of $80 an ounce last night, but dropped dramatically this morning as traders took profits, falling as low as $70.25 per ounce. At last report, silver prices were still down approximately 7.9% at $71.12 per ounce, and gold prices were down 4.5% at $4,349.30.
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Source Fool.com
