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Silver Wheaton Corp. Message Board

  • melodias23 melodias23 Oct 7, 2013 3:57 PM Flag

    SLW NOT responding to silver prices


    This dog should have been well over 25"s by now , me went short today !

    Sentiment: Strong Sell

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    • melodufus,
      weren't you short at 26 a little over a year ago about the time SLW rallied to 40?
      and buying AAPL at $700 ?

    • I agree this should have been closer to $25 today with low volume volitility but all other miners were in the same boat. Markets seem too cautious. Expecting to catch up with trend of silver prices like it normally does...tight stops are in place for my trade. Silver and Gold holding after hours so far. Waiting on market direction. Even IF the shutdown is over the spending will continue so I am expecting a win win in any case. SLW has little to NO debt and little risk sine it's a streaming company in silver and gold. Good trading!

      • 1 Reply to ufgtor
      • It almost seems like the market does not believe gold and silver have broken out of the recent downtrend and they may want another day to confirm. It is time for the naked short sellers to get very nervous, because we have read that serious capital (a.o.Sprott setting up an ofshore mining fund with the Chinese Zijin Mining Group) is about to enter the sector.

20.45-0.30(-1.45%)Dec 19 4:10 PMEST

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