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Silver Wheaton Corp. Message Board

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  • sandybeachdave sandybeachdave Jan 18, 2013 12:04 PM Flag

    The forces that be will not allow SLW to go over 50dma

    Several of my PM holdings have been flat or down YTD, but I have been making a little cash to pay the bills by writing short term covered calls mostly with SLW. I am getting nervous with this strategy as sooner or maybe later, I believe the PM stocks are going to move up significantly and possibly in a very short time period. I am doubtful that politicians will do anything meaningful to address the deficit let alone debt and on CNBC a few minutes ago former fed official Poole just admitted monitizing the deficits and debt. It seems that the dollar should fall and tangibles should increase in dollar terms.

18.20-0.64(-3.40%)May 27 4:02 PMEDT