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Silver Wheaton Corp. Message Board

sandybeachdave 112 posts  |  Last Activity: Jul 12, 2016 5:32 AM Member since: Apr 18, 2011
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  • Reply to

    Why the sell-off today?

    by jdhenry4 May 16, 2016 4:24 PM
    sandybeachdave sandybeachdave May 16, 2016 7:54 PM Flag

    yep, I added more to the account today and will continue to do so as funds become available. I believe this stock will do very well w/o product price increases and much better with PM price increases.

  • sandybeachdave sandybeachdave May 14, 2016 4:45 PM Flag

    I could not agree more, well said.

  • sandybeachdave sandybeachdave May 14, 2016 11:28 AM Flag

    Right is one of those words that has been hijacked in meaning. One meaning of right is to be allowed an activity or possession either as morally acceptable or lawful and in most cases both. If someone is forced to pay for someone's right against his will even if by taxation, there has been theft from the provider which is illegal. If the provision has been by theft then that provided is not a right. A right is something to be pursued, not stolen or expected as a gift.
    I agree with okayrice1 below that healthcare should not be denied for anyone, but that is a lot different than forcing folks to provide healthcare against their will. Someone needing healthcare has a right to pursue healthcare, not the right to steal it from others.

  • Reply to

    Just saw a marketing piece on Bloomberg

    by statsmike May 13, 2016 11:12 AM
    sandybeachdave sandybeachdave May 13, 2016 12:23 PM Flag

    I saw the add as well, well done piece. I thought with a little bump in gold price and the add, we would have had a little pop today, but not so much.

  • sandybeachdave sandybeachdave May 13, 2016 10:12 AM Flag

    CDE will be a positive portfolio changing stock as long as management continues to make wise decisions and product pricing is favorable. I do not think $100 is unreasonable.

  • Reply to

    I have a Question?

    by classic258 May 10, 2016 4:38 PM
    sandybeachdave sandybeachdave May 12, 2016 9:04 PM Flag

    I looked on NASDAQ's site and see that Sprott has divested essentially all his AXU. If true, he is probably moving to a quicker potential return on his investment which would be a vote for a longer time frame. I was thinking it would be around 2 years if silver performed well. Do you have other information on Sprott's ownership?

  • sandybeachdave sandybeachdave May 12, 2016 5:51 PM Flag

    Here is another interesting development on the healthcare law: "federal judge ruled for House Republicans on Thursday in their suit against President Obama and declared his administration is unconstitutionally spending money to reimburse health insurers without obtaining an appropriation from Congress.

    The judge's ruling, though a setback for the administration, was put on hold immediately and stands a good chance of being overturned on appeal."

  • Reply to

    I have a Question?

    by classic258 May 10, 2016 4:38 PM
    sandybeachdave sandybeachdave May 12, 2016 3:29 PM Flag

    I have been dollar cost averaging into this stock for a couple months now and will probably quit buying somewhere between $1.50 and $2.00. I believe it has the potential to be a ten bagger over the next couple years assuming silver at about $30.

  • Reply to

    For Ole' Times Sake

    by chemaes44 May 11, 2016 5:16 PM
    sandybeachdave sandybeachdave May 12, 2016 11:30 AM Flag

    Good call, we are getting a sharp downturn now. I think $17 might hold as I believe the downturn has a nefarious smell to it. Not to quibble with $16.50, eyeballing horizontal support looks like something near $16.35 to $16.40. Good trading and welcome back chemeas44.

  • sandybeachdave sandybeachdave May 12, 2016 11:05 AM Flag

    I am not nearly as versed in this subject as you Okeypoke, but I remember the law was written to charge 'premiums' some 3 or 4 years in advance of actually having the system in place. CBO scores on ten years so there were several more years of income than costs compared. Second misrepresentation was that there would not be any new taxes. In order to pass SCOTUS muster, the Chief Justice changed the revenue stream to taxes with the justification that it was the duty of the SCOTUS to find ways to support the law writing of congress. Rewriting the text is more than interpretation, an over reach of SCOTUS power, and the rationalization of Justice Roberts makes a mockery of the checks and balances our framers believed as an absolute necessity for our republic to survive and prosper.
    I appreciate your defense of truth regarding this topic.

  • Reply to

    Do the math for 2nd quarter

    by kinks1981 May 4, 2016 9:41 PM
    sandybeachdave sandybeachdave May 12, 2016 9:50 AM Flag

    Very good call Kinks. I believe we will see average price for silver higher than $16.50 for Q2, as April was between $15.00 and $17.50, May has been consistently above $17.00 so far, and June could approach $20.00. The bifurcated paper physical silver market seems to be unraveling and should we get honest price discovery, then silver may be priced considerably higher. There is a lot of internet press suggesting this potential.

  • sandybeachdave sandybeachdave May 12, 2016 9:12 AM Flag

    Definition of fiat from Merriam Webster online: fiat -

    a command or act of will that creates something without or as if without further effort

    Believing we create wealth by printing money is a stretch in my mind, as the new money has no backing (without further effort from the definition) therefore, must obtain its value by taking from the value of existing dollars. This is an example of Frederick Bastiat's unseen. We do not see the effects of diminished purchasing power of the dollar. Spread over many millions, the effect on an individual is small relative to the total unseen impact. If printing worked, why has Japan been in a quagmire for 20 or more years?
    The second point that calls into question the validity of a fiat monetary system, is that none have survived the test of time, eventually all fail.
    The market correction may be considered a technical correction for now, but over time, it will likely morph into something much more serious.

  • Reply to

    Albert Edwards here is how it all ends....

    by kored35 May 8, 2016 10:35 PM
    sandybeachdave sandybeachdave May 11, 2016 11:35 AM Flag

    The chart of earnings, PE, and earnings expansion for US and Europe are quite instructive. Getting back to normal PE's will take several hundred points off the SnP. We are in for some rough times and it is going to be a wake up call for the entire country.

  • sandybeachdave sandybeachdave May 11, 2016 11:06 AM Flag

    I read all 59 pages and found it to be fascinating and disturbing at the same time. It is well researched and honestly identifies where there is interpretation of sketchy data. One takeaway for me is that time is running out on the folks fixing prices and running a bifurcated paper and physical market; physical will win. Another takeaway is the sleaze factor in what is supposed to be honest regulated markets.

  • Reply to

    Goldman calls dollar bottom.....

    by rjperg May 10, 2016 6:25 PM
    sandybeachdave sandybeachdave May 11, 2016 8:41 AM Flag

    GS flip flops to benefit its(self, not) customers.......

  • sandybeachdave sandybeachdave May 11, 2016 7:14 AM Flag

    An interesting situation is developing wrt markets providing information. There is now a record number of COMEX gold short contracts which in the recent past has preceded a significant drop in price. This iteration is either taking longer for the price decline to materialize or it is not going to materialize leaving the commercials with potentially huge losses. Either way, it takes a lot more effort on the part of the manipulators in the form of many more contracts and dollars at risk to get an effect on gold price indicating the big banks are losing control. Essentially the same story applies to COMEX silver. The times we live in are interesting!

  • Reply to

    Low-ball limit orders

    by moses_on_wall_street May 9, 2016 7:01 PM
    sandybeachdave sandybeachdave May 10, 2016 3:05 PM Flag

    My picks for accumulation have been similar MUX, DRDGF, CDE, BTG, SSRI, KLGIF, NGD, and LSG, now TAHO and a few others that do not readily come to mind. I also have a small position in AXU, while not having production as it was shut in due to low silver prices, they should be restarting operations at a profit in the near future. I am not recommending any of these stocks as they have had good runs and most important I am not an advisor or papered up in any way to be authorized to make recommendations.
    One other way I have been getting leads to research is by going to the NASDAQ web site and looking at the institutional owners. I get encouraged if ownership is low and on the increase or if a successful money manager is increasing a position in an issue.

  • Reply to

    Allow me to enlighten the ignorant...

    by agoodcamp May 7, 2016 9:11 PM
    sandybeachdave sandybeachdave May 10, 2016 2:51 PM Flag

    Agoodcamp, there is a very good document posted at TFMetalsReport as a guest post titled "The Death Of The Gold Market", or it can probably be found by googling the title. It is a long read at 59 pages, but full of documentation on the fraudulent paper gold market.

  • Reply to

    Allow me to enlighten the ignorant...

    by agoodcamp May 7, 2016 9:11 PM
    sandybeachdave sandybeachdave May 10, 2016 7:55 AM Flag

    Have a look at his latest comic strip caption saying "So you don't have evidence that JP Morgan's palms are being greased or that they have incendiary information on others." It is probably a conspiracy theory to suggest that he is saying JPM is being greased rather than greasing, although he has definitively written "JP Morgan's palms are being greased". With such little understanding of basics, it is understandable, but not excusable, why he cannot fathom reality. This is another example of the public sector education system failure. Oops, another conspiracy theory as I am assuming he is educated and by a public system. Critical, logical thinking are not strong suits of the public schools educational outcomes.

  • Reply to

    Low-ball limit orders

    by moses_on_wall_street May 9, 2016 7:01 PM
    sandybeachdave sandybeachdave May 10, 2016 6:29 AM Flag

    Over the past year plus, I have been writing well out of the money covered calls using the proceeds to purchase small profitable low to no debt PM miners with long mine life and good exploration acreage and potential. My thought is that PM's and miners have made a secular bottom and should have a long term uptrend albeit potentially very volatile. I am not good at picking bottoms, so the strategy allows me to dollar cost average into quality stocks. SLW is one stock I have been using for covered calls. Through the past year, the strategy was a little under water, but share count increased significantly. Since the first of this year it has been quite profitable.

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