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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 sumeti_not_comon Apr 24, 2007 5:24pm
158 Views
Post# 12667354

sultan66......if greece is the best place

sultan66......if greece is the best placeto do a silver deal then the list must be getting small. I still have 1/3 of my position and if it was in a tax deferred account it would be gone to. Since I bought Chap in the $2 range my SLW position had become 33% of my portfolio ....way too big for safety. These two most recent deals may help in the long run but they certainly didn't show up in the stock price. There are too many games being played with the BIG name precious metals stocks and I think bigger profits can be made on junior silver plays. I already went through a PM rise and fall during the 90's and know what can happen and have the luxury of staying away from any geographical area that I got burned on in the past. Telfer has had some exceptional success over the past few years but his luck sure changed lately ....just look at GG's price. PS: There is no need for name calling here as this SLW board has been rather respectfull of others posting.
Bullboard Posts