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SILVER WHEATON CORP. T.SLW

"Silver Wheaton is a pure, unhedged paper proxy on silver prices with a unique business model. The company purchases silver for sale through long-term purchase contracts from counterparties. Currently, the company has long-term silver purchase contracts with more than a dozen mines. Silver Wheaton purchased and sold roughly 28 million silver-equivalent ounces in 2012 through its purchase sales contracts."


TSX:SLW - Post by User

Bullboard Posts
Comment by clydeon Oct 12, 2009 4:59pm
709 Views
Post# 16382388

RE: RE: RE: Great selling opp today

RE: RE: RE: Great selling opp today

Yes, there are certainly chances of a pullback. I remember buying SLW at $3..00, selling at $18.00, buying more at $6 and $9. Now I won't sell anymore, because the upside mid to long term is surely vey bullish. Trading in and out is very dangerous, never mind the commissions but the price can get away from you.

I am very comfortable staying where I am, rather than daytrading or short term trading. Either way, SLW will be much higher than today for long term traders.

Good Luck.

Clyde

Bullboard Posts