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Silver Wheaton Corp. Message Board

  • csco_brat csco_brat Nov 2, 2012 5:17 PM Flag

    SLW was $33's last time gold and silver these prices

    SLW will be hard pressed to say anything to make this stock go up much on Monday. That is my take anyway.

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    • LOL!! except that they made $$$$$$$$ on increase price of silver and business from China leaped higher and ECB were buying and industrial demand went higher and the banks well maybe and the mint demand for collectible coins....

      Sentiment: Strong Buy

    • Certainly, SLW has been outperforming by just about every metric (its own historic price per change in silver; against other miners, etc...). If the silver drop continues for more than two or more days, I think we are going to be hurting below $33. Think about this: if the last QE announcement couldn't even get our gem above the earlier highs this year, what will?

      Even without today's mega hit (by the way, how often do you see such hits without at least some continued downside?), SLW looks like it traded above normal expectations of a blowout quarter. Unfortunately, I think Monday will be a sell the news day. The previous five days of trading action were truly amazing relative to the muted action in silver and gold.

      The action in other miners is also quite frightening; for example, NEM looks like it is overshadowing a multi-month correction.

24.29+0.44(+1.84%)Oct 25 4:00 PMEDT