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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 TheSiteOnGoldon Jan 23, 2014 1:46am
362 Views
Post# 22123715

RE:Can you See the Caution signal on Gold/Silver

RE:Can you See the Caution signal on Gold/Silver

Gold has closed in a very small range today DOWN.. near the trendline I marked up in my prior post chart link! BEWARE!!!! We are at a critcal turning point... This can blast off either way...including down by several hundred dollars if you look at the chart!!! This can happen as soon as tomorrow morning.. What would be best is that gold gaps down ovenight causing a mild panic and a few shorts to get trapped in the first hour down,then a quick snapback above the lower trendline I marked or if you want to get more technical Golds 50 day moving average..
Gold and Silver are entwined or are they!
Bullboard Posts