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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 Sinbobon Apr 17, 2013 7:40pm
201 Views
Post# 21268097

Old long

Old long

Ive held SLW for a long time and have been waiting for a bottom but the criminals keep the pressure on. I think its a race for them to try to grab physical before the spot price goes really nuts. Refiners, mints, dealers and shops in the U.S. are all having trouble now. They will default the COMEX at some time soon according to some. They have their eyes on the gold bullion in the vaults of Italy, Spaiin, Portugal and others who they wish to bankrup..... over 2400 tons ... think of that leveraged 100 to 1. BUT the smart buyers are and have been stepping up to te plate na dare buying feverishly ... countires (China, India. Russia, ME Asia.) now Japanese people are buying as are wealthy individuals who have been for years, funds ... you name it. This is a race to the finish and the bad guys are out on a limb. Were are they ever going to get the physical? Spot and physical are seperating fast.  Go to GATA.org for all the info you will need.

 

Make sure to watch "The Doc Zone" on gold tomorrow night on CBC ... 8 eastern, 9 central I think ... Everyne in the world should see it.

Bullboard Posts