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Silver Wheaton Corp. Message Board

  • When gold and silver was moving up people started noticing, the media was quite quiet about the move but on the corrections the media always jumps up and down how everyone should abandon ship.

    Correction isn't over yet, many weak hands are still holding on. The volume is drying up slowly but there wasn't any capitulation yet IMO. Time to accumulate is here but don't load the truck just yet.

    But long term I would love to see 800 to 900 gold and 17 or 20 silver by end of this year. Long term nothing has changed. USD is doomed, and they won't or should I say can't correct the fiscal disaster they have. Russia and Iran are moving away from USD.

    New comers who haven't gone through these wild roller coaster rides will panic and learn that the bull shakes off weak ones before charging ahead. There are still 3 months of summer and plenty of buying opportunities coming out way and today might be one of these, possible closer to end of the day. Right now indexes are in green so at this point I don't see major bleeding today.

 
SLW
24.90+0.06(+0.24%)Aug 22 4:02 PMEDT

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