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Silver Wheaton Corp. Message Board

  • kazansky_98 kazansky_98 Nov 26, 2013 3:36 PM Flag

    Not a bad day

    Silver shorts took care of the weakness in SLW. SLW actually feels bid and has all day. SLW is a component of mining ETF's where it actually does not belong. These ETF's drag down SLW when their actually profitability remains intact vs. mines that run huge operating expenses, etc. This is why SLW will catch bid before the rest of the sector and then get supercharged when mines shut down and silver prices move higher to meet demand. As the market catches wind of a sticky increase it will look to invest in mines before they reopen. This money flowing into ETF's will then create buy orders for SLW that otherwise would not exist, much the same as sell orders when silver is falling and people are predicting mines to lose money as prices fall below their ability to profitably mine. Their are a lot of factors in the current commodity price as everyone knows. Past prices are no longer a harbinger of future prices as cost of fuel and labor and land increase, so does the supply.

 
SLW
12.64-0.28(-2.17%)Jul 27 4:03 PMEDT