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Silver Wheaton Corp. Message Board

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  • mardermj mardermj Jan 9, 2011 1:45 PM Flag

    Look at this chart and tell me honestly

    $31.50 support, with lots of fund players, $30 the "gap" to fill amongst the tea leaf crowd, next hard stop $26 ish. $21 is silly. If the herd follows instinct instead of fundamentals, they contribute to the selloff.

    But you answered your own question: all of the inflationary fundamentals are gaining mo each and every day--and they haven't changed. They're WORSE. 4Trillion printed between August and December about to hit the fan, 650B in bond buying to keep irates low so Joesixpac can refi his hovel. Bernookie says recovery in five years this Friday, that means upticks in employment in two at worse, with unemployment numbers reflecting 10% at the start as the disenfranchised and disappointed come back to the job market place.

    Gas will hit $4 a gallon this year, oil $100, food is up 12% year over year.

    Nothing goes straight up. But $21? Nope.

12.00+0.47(+4.08%)Aug 27 4:02 PMEDT