AEM, the power supplier for the city of Milan, took over Edison, the second-biggest Italian energy firm.

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Tickers of interest include SLW, AEM, NEM, ABX, GG, SSRI, CDE, AG, HL, GDX, GDXJ, ZSL, SLV, and GLD.

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That is 60 per cent above the current level which suggests AEM is a buy for patient investors who can tolerate risk.

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High beta names like Aurizon Mines (AZK), Kinross Gold (KGC) and Agnico-Eagle Mines (AEM) will squeeze metal shorts and run fast and furious.

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The GOP candidate has held positions in major gold miners such as Goldcorp (NYSE: GG), Agnico Eagle Mines (NYSE: AEM), and Barrick Gold (NYSE: ABX) since 1994.

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The companies he personally represents include Xstrata plc (LSE: XTA), Goldcorp (TSX:G)(NYSE: GG), IAMGOLD Corp. (TSX: IMG)(NYSE: IAG), Agnico-Eagles Mines Ltd. (TSX, NYSE: AEM), Strateco Resources Inc. (TSX: RSC) among others.

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Despite the loss of Goldex, RBC Capital Markets expects AEM to increase year-over-year production in 2011 as well as in 2012 and 2013 thanks to higher contributions from the remaining properties.

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Instead, Scaglia has chosen to collaborate with AEM, the recently privatized Milanese electrical utility, to build a home- base network alongside of AEM cables in and around Italy's richest city, Milan, which accounts for 30% of the country's telecom spending.

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Biscom and two thirds by AEM.

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