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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 gwplanton Sep 18, 2012 7:14pm
186 Views
Post# 20382340

RE: RE: Where is everyone?

RE: RE: Where is everyone?

The trend is your friend...like I said in a previous post Franco Nevada is hitting new highs every day, SLW I feel is playing catch up as silver has been appreciating better than gold, like I said it looks like it wants to play catch up.  Not much resistance up until now in the high 38's to the $40 area, if that gets broken it will keep running.  27% in a month, I am quite happy with the SP appreciation, I have a tight 10% from highs stop loss in and may look to add in the $35 range, if not I might just let it run Scotia has a $47 price target so use some of those numbers to decide if you are getting nervous, otherwise just enjoy the ride.  Trend is your friend.

Bullboard Posts