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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 Lazaardon Jun 13, 2014 4:14am
421 Views
Post# 22656455

'Historic breakout in the silver chart?'

'Historic breakout in the silver chart?'

Yesterday silver broke above the falling resistance line from the top in 2011 which does indicate that the current 3 year long bear market in silver is over and that a new bullish phase may be beginning:

silverbreakout2

It’s important to have in mind that this potential breakout is from the most oversold levels in silver ever, this is a potentially explosive situation. Last time silver turned from such oversold levels it rallied 320% i just 8 months, a move like that takes silver to about $65/oz shortly….

Bullboard Posts