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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
Post by commodity16on Jul 23, 2013 2:03am
727 Views
Post# 21623698

Do we dare say a comeback is on the rising?

Do we dare say a comeback is on the rising?A little too soon to tell but things are definately looking up for the precious metals sector. Silver Wheaton, if the bull run has began, will be a huge beneifciary of a recovering gold and silver price. It wasnt long I held these shares at $40. Hopefully a recovery is underway. When the market and world realizes that QE is inevitable for the foreseeable future gold will regain its safehaven status. One also has to shake my head and wonder if everyone forgets about the underlying problem in the US....a failed balance sheet that only gets worse by the day. QE will be needed to keep interest rates low or the US will be bankupt trying to pay only the interest on their massive debt (although technically I think they already are bankrupt). Might be a good time to add at these levels if the recovery has started..
Bullboard Posts