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Silver Wheaton Corp. Message Board

  • cmegladon cmegladon May 22, 2013 12:46 PM Flag

    TA guys-Look at 1 year chart

    Are we not seeing a perfect inverted cup and handle?
    Now, the question is we are looking for confirmation of a direction, Y or N?

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    • I forgot to mention that IF gold does breakdown this Vale deal will crush SLW...I am not sure if they can get out of it however SLW has spent their wad of cash on declining assets if this break occurs...They may be in the same situation as before when they were struggling at 3 a share to obtain financing.....Just a thought.......

    • GLD heading to 115-120...SLV heading to 17-18...SLW heading to 17-18....DXY broke 84...That break of 84 is a 20 year breakout of a downtrend...That is significant which could actually render gold down to 600 and silver back to 7 in the comming months....We shall see....I wouldnt be to ebulent here however....Way to many bulls calling a double bottom...........

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