RE:LOading more from dumpersmouserman wrote: Not sure if the sellers are getting shaken out by short sellers, or they believe the precious metals bull rocket ride is done.
eithe way than for the cheap shares right ahead of the q report. I suspect we will we a special dividend on top of the regular one this q.
WPM making money like never before at current gold and silver prices, never mind the palladium stream which is likely the most profitable % wise even if it’s not a huge streaming deal. Still worth millions to them , as palladium still more precious than gold at current prices.
Appears i was overly optimistic about the precious metals prices here, and a pullback/correction was overdue, just on a technical basis. But i still do like WPM 's profitability even at the prices we are seeing today. IF silver averages 25$ an oz for this Q , that will be over 50% above the preceding Q to june 30th, and those numbers we will see tomorrow. Gold also up considerable from last Q , so numbers will be quite good for the next Q. Market is not really looking ahead tho, right now.
Traders see a big pullback today, but longs still see the bigger picture.