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Silver Wheaton Corp. Message Board

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  • reticiiz reticiiz Jul 24, 2006 7:13 PM Flag

    Looks like commercials are still

    Indexes had a big rally that's why the PM stocks moved up nicely. IMO PM will hit lows in next couple weeks before moving higher. If the markets weren't in a rally mode today PM would have been down and that's why we ended in green today. I don't expect 1000 POG be years end but above 700 maybe even mid 700s.

    This correction isn't over by any means yet, gold had a great run on Middle East and now it crashed back to low 600s and if there is any news on ceasefire POG might see 580s, I wish POG would drop little bit more today so I could have bought bullion but I guess I will have to wait for another day.

    Trade paper and accumulate physical!

 
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