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Silver Wheaton Corp. Message Board

  • we_are_borg we_are_borg Oct 15, 2013 9:43 PM Flag

    BUY!

    From Kitco's Jim Wyckoff's "AM-PM Report", 15-OCT:

    " ... at present the preferred path of the money flow is into world stock markets. But the direction of that money flow will not last indefinitely. And when these already very mature bull market runs in the equities run out of steam, money will then flow into other assets, likely including gold and other raw commodity markets."

    Read entire article, worth the time, IMO.

    Why quibble over one or two dollars on the downside, this is good buying territory, good time to dollar average into long term position. Federal Reserve & Treasury Dept. can't prop up the markets forever, PM's being held down artificially to force money into equities. When that ceases to work, the whole house-of-cards will collapse.

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    • Selling Silver ?? There were no reported changes in GLD yesterday, but an authorized participant withdrew another big chunk of silver from SLV. This time it was 1,734,441 troy ounces. About 7.5 million ounces of silver have been withdrawn from SLV since the beginning of October.

      The reason the U.S. Mint didn't have a sales report on Monday was because of the Columbus Day holiday, and they made amends for that yesterday. They sold 10,000 troy ounces of gold eagles; 5,000 one-ounce 24K gold buffaloes; and 749,500 silver eagles.

      The U.S. Mint has already sold 70% more ounce of gold eagles in October than they did in all of September, and gold buffalo sales in October are already equal to all of gold buffalo sales in September. Silver eagles sales continue to sail along at record high levels

 
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