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Silver Wheaton Corp. Message Board

  • lospepos_jr Aug 29, 2013 4:14 PM Flag

    silver falling and SLW rising

    The economic news that came out today where supporting the views of some members of the fed that tapering can start on September, also Mr softy AKA Obama failed to initiate a strike to siria today as expected, all this issues hit right in the chin silver prices, nevertheless, SLW soared on this environment, this makes me wonder what is actually going on as there's usually a positive correlation between silver and silver stocks? I looked on the Web for news of Slw and there is nothing out there, what are we missing? Please share your views?

    Sentiment: Hold

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    • Just time lospepos, we need the time for 5 waves down before a retrace. the rise this morning was blocked by both wave 1 and 4 from further upward movement. We started wave 5 about 1 o'clock, it should finish tomorrow , 25.20 ish, then start a 3 wave series up to 26.80 / 27.00 area. Stock is not going to follow silver, it will overshoot above and below as we move upward. For one thing perhaps a 50% rise in silver will make a miner 100% more profitable because expenses will not increases as fast as metal prices. 100% profit increase might double or triple a miners stock price. A good reason to play the miners instead of slv.

19.05-0.34(-1.78%)May 23 4:02 PMEDT