SLW and the miners are calling for a massive move higher in the price of silver and gold. It has been a few years since they were this confident, but the move they are predicting in the short term is one to take notice of as everyone is positioning for an event here.
I agree. I think that is what this whole move in gold has been about and thus the whole move in SLW. I think tensions ease over the weekend and SLW may get crushed come Monday morning. That is just speculation so I like shorting SLW and going long silver since SLW is pricing silver at $25 and I can buy it at 21.60. I'm just buying it and selling it forward through SLW
Agreed. SLW breaking above the month-long trading range high of 26.30, and GDX above 27, relatively. Would like to see a bit more volume though to confirm. SLW short term target around 30, should correspond with Silver around $25/oz. Likely within the next week.