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Silver Wheaton Corp. Message Board

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  • hapiwondrer hapiwondrer Dec 27, 2012 8:07 AM Flag

    Don't happy

    "...Hold onto your SLW shares."

    The gold silver ratio is increasing after bottoming and the 50 dma could soon cross over the 200 dma, indicating that the ratio could then reverse. But we are not there yet. Silver currently is really getting hit, but longs shouldn't cash out with the turn-a-round not too far off. It certainly looks like the silver market is being manipulated because it is smaller and therefore easier to attack as a means of supporting the USD.

    The USD, by the way, seems to be headed up today in Asia, but down in western markets. So there could be a turn-a-round, short term today, in PM markets since those in Asia are now closed.

27.54-0.28(-1.01%)Sep 26 4:02 PMEDT