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Silver Wheaton Corp. Message Board

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  • chemaes44 chemaes44 Jan 31, 2008 10:58 AM Flag

    Speculation should focus on Macquarie

    Thank you Ballhead, Mr G..S, All4real for your kind words.

    Although I may not post frequently, I do read posts here often and I also value yours and many others on the board for your insight. I may rant on occasion so forgive me, it usually happens when there is a full

    I'm an engineer, so anal by keep a lot of data rather than pay all these sites for the assortment of information they offer. I do keep track of buys and sells (in canada called Depth instead of LII) to try and interpret what money is doing rather than relying on money flow indicators etc.

    To keep track of insider trading allows you to type in canadian companies and see what the insiders have sold or bought. Knowing that Telfer has 4.5 million shares is a function of keeping track of his shares since SLW's first yearof trading through insider. He was initially granted 5 million and caused a stir when he sold half a million a year or two ago.

    Macquarie looks to have shorted 200,000 shares again yesterday but RBC looks to have been buying up large amounts 500,000-800,000 plus. Was RBC covering or creating a new long, I'm not sure. They have been very active lately so its hard to interpret.

    GATA's Ad comes out in the WSJ today and silver looks primed for an explosion. Someone here said its not sound reasoning to hinge our thoughts on where SLW will go based on the silver price, I respectfully disagree. It's consolidated for almost 2 years and just broken out of its consolidation. That indicates over 67% chance of much higher prices.

    Good trading

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    • For what it's worth, I kept my IRA SLW shares but did pare back my trading account SLW yesterday and am looking to add PAAS on weakness (today looks good). I see SLW on the bottom trendline today, not a few days ago. Therefore, I look to see what type of action she provides for the next 3-5 trading days. I don't doubt that SLW will be a powerhouse - hence why I kept it in my IRA account. HOwever, short term is too unsure so I backed off a bit.

      Still long but is it just me or are the shares not representing the increase in the metal itself?

27.65-0.19(-0.68%)Sep 29 4:02 PMEDT