% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • yourdeadmeat69 yourdeadmeat69 Apr 30, 2011 8:51 PM Flag

    New Deals at These Levels?Randy Said No

    Sorry, but I respectfully disagree--everything has flipflopped--the Fed is transparent and the CEO's are speaking in tongues.

    I have been all over the technicals, and all point to a plateau once we reach $73 as the next target after fifty bucks, in the POS, but we have to get there and fifty is a nominal resistance point, even if it is only $22 in 1980 dollars, when silver last hit $50 and took a dive in some months thereafter.

    Over the weekend, silver has lost a little more than a dollar on profit taking in Mumbai India, where silver has been the poor man's gold amongst that gold loving community. Gold has resurged it's dominance, and that may spin the Indians back onto the silver warpath, but not Monday IMHO.

    Not exactly a bloodbath, but not exactly a positive spin either.

    Silver fair market value in this 2011 time frame is closer to $128 peak.

    But Rand-a-la is not going to make a deal that isn't beneficial to the company, and May may be that month.

    Again, if he waits to test the bottom line at about $43 to make a mine an offer they cannot refuse, we face a 10% retraction in share price followed by 10% dilution.

    Traders will scream, holders will yawn, and wait for the next degradation of the dollar. It won't be QE3, which to some is another headwind against the price of silver, but through real inflation that Bernookie won't be able to stop because he's tied to printing as a solution.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
20.24+0.200(+0.99%)May 2 4:01 PMEDT