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Silver Wheaton Corp. Message Board

  • gundi6810 gundi6810 Nov 4, 2013 6:28 PM Flag

    buy back

    maybe time for SLW to buy back some shares, thoughts anyone?

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    • Sounds like they will use them to buy 50% gold streaming stake

      Sentiment: Hold

    • Not at this level. May be close to 52 weeks low they can.

    • there is a chance you don't need that. That's what I see next 2 days. Dollar index goes up, silver down, SLW goes down but not much. EUR/USD has to retest 1.3451 +/-. Thursday ECB rate + ECB president speech, which has a higher % to move SLW up. If ECB president wants EUR/USD to 1.41 target, then SLW goes way up, so that's where you can get on the train and ride up. On Friday Non-Farm Employment Change. If the number sucks then it confirms 100% the way we go and it's up. I would not expect anything big till then + next Monday SLW 3rd Q report, so if you get on the train keep your stops very close. If the report sucks, which I don't expect, then price goes down. It would be very ideal to wait till Monday morning, then take a final direction.
      P.S. I bought last Friday SLW at 21.90. I have a stop loss on 21.96. Looks like the market will take my stop loss tomorrow. If it does I will wait till Thursday to do 1-2 day trades till Friday night.

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