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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

Comment by zentrarianNZon Dec 16, 2016 3:46pm
231 Views
Post# 25612178

RE:RE:RE:Ouchhhhh

RE:RE:RE:OuchhhhhConventional wisdom, and for good reason. But I'm not talking about trying to catch a falling knife, which IMO applies more as a trading strategy.

I'm talking about picking up a little more to top-up a longer term position, and buying because the stock has unexpectedly gone on sale - not rushing in to buy back in because the stock is plummeting and you are suffering from a severe case of FOMO.

Re your comment that "SLW  should be trading at the same price as it was in Feb.", surely you know that there are no SHOULDS in a manipulated, emotion-driven market. In any case, in Feb. the metals were at the very beginning of a medium-term bull market; now they are clearly in a (hopefully short term) bear market, two very different set-ups.

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