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Silver Wheaton Corp. Message Board

cgreens72 5969 posts  |  Last Activity: Oct 9, 2014 6:27 PM Member since: Feb 16, 2009
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  • Reply to

    The problem with IAG and....

    by stephanjk59 Oct 9, 2014 2:16 PM
    cgreens72 cgreens72 Oct 9, 2014 6:27 PM Flag

    I am not complaining about the recent cost cutting measures or the sale of the niobium. It was the right thing to do in anticipation of rising price of gold. Wait and see approach is in effect and let us not forget this is NOT A JUNIOR. This is sitting at a Junior price though.

    Sentiment: Strong Buy

  • Reply to

    Bought more

    by leebagain Oct 8, 2014 10:25 AM
    cgreens72 cgreens72 Oct 8, 2014 12:33 PM Flag

    Previous years I have posted a loss here. I haven't booked a loss here this year, but was considering taking at least some. At this level, just doesn't feel logical to sell. Just the owners destroying everything and getting the better of the universe it seems. They have slapped me around for a couple years now. An article comes out on Ebola and includes IAG in it. What IAG is that? There are bots and MM's all over the place. Once they feed and get the pennies on the dollar prices we get more bubbles. I am stocking up for the next one, same as the previous one in this sector until things really change. No way around it now with these vampires.

    This company has been doing the right things lately in my opinion. Do we believe in gold? This is a pure gold play now. Go for the gold!

    Sentiment: Strong Buy

  • Reply to

    What a Pathetic Abortion SVM Turned Out to Be

    by seasonedspecc Sep 19, 2014 10:13 AM
    cgreens72 cgreens72 Sep 19, 2014 4:00 PM Flag

    This stock was just 1.80 a minute ago. Monday will be quite a day. September supposedly good for metals. Not so yet. This stock will follow the metals. GLTA

  • Reply to

    Trying to buy back half my shares here....

    by lobsterpot1989 Jul 23, 2014 12:59 PM
    cgreens72 cgreens72 Sep 13, 2014 1:44 AM Flag

    After the last run where HUI showed false strength, they continue to hammer the metals down. The shorts are too much right now. So hungry to continue their meal ticket. Not letting go. Things can change in a hurry! SVM needs to hold the area.

    Sentiment: Strong Buy

  • Reply to

    Almost time to load up... Again!

    by lobsterpot1989 Sep 4, 2014 4:41 PM
    cgreens72 cgreens72 Sep 4, 2014 6:02 PM Flag

    I am surprised about the plummet. When there is fear in the air...time to buy

    Sentiment: Strong Buy

  • Reply to

    Brutal day today

    by crusaderdog358 Sep 2, 2014 7:10 PM
    cgreens72 cgreens72 Sep 4, 2014 6:01 PM Flag

    Time for me to add more shares here. This stock and another larger holding I have always seem to be the red-headed stepchildren. They can move up just as fast though.

    Happy trading

    Sentiment: Strong Buy

  • Reply to

    SVM stock volume ???/

    by alicesmoney Aug 28, 2014 6:18 PM
    cgreens72 cgreens72 Sep 1, 2014 12:51 PM Flag

    Un-ignore you now. I like what you said there, asianvest. If what I said doesn't happen, than I will invest elsewhere. I don't like the ETF
    s for plenty of reasons though. I feel the company improving here after a rough patch and we shall see. Good luck

    Sentiment: Strong Buy

  • Reply to

    SVM stock volume ???/

    by alicesmoney Aug 28, 2014 6:18 PM
    cgreens72 cgreens72 Aug 29, 2014 5:40 PM Flag

    I saw your reply before I signed in, which allows me to see you post even if on ignore. You obviously didn't read my post. Let's see what next month brings. You act as if shorts have been making money here and they haven't...because it isn't moving one way or the other. Flipping pennies short or day trade. Mid to longs are just collecting a small divy waiting for launch. The price of silver in September will make my decision. ARE YOU READY?

    Sentiment: Strong Buy

  • Reply to

    Stock headed for $8-$10 eventually!

    by whoskold Aug 27, 2014 1:31 PM
    cgreens72 cgreens72 Aug 28, 2014 11:58 PM Flag

    Sure why not? Eventually is a long time. Could happen next month! That would be saying something. Maybe I just did?

    Sentiment: Strong Buy

  • Reply to

    SVM stock volume ???/

    by alicesmoney Aug 28, 2014 6:18 PM
    cgreens72 cgreens72 Aug 28, 2014 11:56 PM Flag

    Precious metals haven't had any real volume either lately...Next month is historically the best month for precious metals. Facing rising silver prices, If this stock cannot move well past $2 next month on good volume, I am going to write it off completely. I feel confident!

    Sentiment: Strong Buy

  • Reply to

    what is the answer? If you please.....

    by johnhayden110 Aug 22, 2014 9:49 AM
    cgreens72 cgreens72 Aug 25, 2014 3:58 PM Flag

    The answer is miners have been outperforming the actual metals for some time now because it is apparent that gold and silver have bottomed close to this area. There are a few stocks in the sector that have behaved badly compared to their peers, but if the goods are there, they will catch up. EXK is making plans for the future. Sounds fine. We need a higher silver price of course and I am ready to purchase another group of lots if we fall from here, today. In other words, the metals sector has OUTPERFORMED the market for 2014 thus far...Next question?

  • Reply to

    Hold on to your shares!

    by jklemming Aug 21, 2014 9:30 AM
    cgreens72 cgreens72 Aug 21, 2014 9:45 AM Flag

    Looking to add soon. Today may present an opportunity. I am too busy right now to delve into the numbers. I will post when I buy more. GLTA

  • Reply to

    Way oversold!

    by jklemming Aug 14, 2014 4:36 PM
    cgreens72 cgreens72 Aug 14, 2014 10:57 PM Flag

    While I cannot time everything and wish I would take profits more often on some stocks, It's hilarious how you get to see the shorts throwing messages up while they sweat their positions holding overnight! They could lose all their profits on the open if the metals indicate strength pre-market tomorrow...Dangerous game they are playing (not to mention this hit VERY strong support today.)

    Good for you to add. Me- This go-round I have shares at this level already. (these are the ones I wish I sold)

    GLTU

    Sentiment: Buy

  • Reply to

    Why all the fuss about earnings?

    by cgreens72 Aug 13, 2014 6:24 PM
    cgreens72 cgreens72 Aug 14, 2014 1:53 AM Flag

    FT reports:

    “Indeed, there are already rumours in the market place that some big silver producers and consumers are preparing to pepper the market with orders.”

    This creates the possibility of the short squeeze that many market participants and silver analysts have been expecting for some time.

    The FT says that the uncertainty is “only to be expected” and the list of participants may simply be released Friday...

    All that is clear is that the 117 year old silver fix is being replaced by a new “London Silver Price” with the handy acronym LSP.

    The LSP is due to be administered on behalf of the LBMA by the CME Group and Thomson Reuters.

    There is uncertainty as to whether the new price will be made publicly available through data providers, brokers etc.

    Here is what the Bullion Desk had to say about the confusing situation:

    The terms of the agreement state that the LSP should be equally available live for participating vendors With two days to go, it is far from clear that we – or other vendors – will be able to source the LSP and distribute it to our subscribers and data feed customers.

    What we do know is that the LSP will be discovered through an electronic auction process. There will be no chairman; instead, the system algorithm will move the auction price up and down until buy and sell orders are matched to within a reasonable tolerance of 300,000 ounces.

    There will be a wider number of participants than the old fix, although we do not who they will be."

    In addition to the actual LSP price, it will theoretically be possible to follow the live auction process, observing net supply and demand at the various trial prices. Access to the LSP will initially be free but after

    Sentiment: Buy

  • cgreens72 by cgreens72 Aug 14, 2014 1:51 AM Flag

    By next week:

    FT:

    “Indeed, there are already rumours in the market place that some big silver producers and consumers are preparing to pepper the market with orders.”

    This creates the possibility of the short squeeze that many market participants and silver analysts have been expecting for some time.

    The FT says that the uncertainty is “only to be expected” and the list of participants may simply be released Friday.

    However, the uncertainty is creating concern in the silver market amongst many participants who rely on the fix. There is a huge lack of transparency and little information about the pricing mechanism has been provided.

    All that is clear is that the 117 year old silver fix is being replaced by a new “London Silver Price” with the handy acronym LSP.

    The LSP is due to be administered on behalf of the LBMA by the CME Group and Thomson Reuters.

    There is uncertainty as to whether the new price will be made publicly available through data providers, brokers etc.

    Here is what the Bullion Desk had to say about the confusing situation:

    The terms of the agreement state that the LSP should be equally available live for participating vendors With two days to go, it is far from clear that we – or other vendors – will be able to source the LSP and distribute it to our subscribers and data feed customers.

    What we do know is that the LSP will be discovered through an electronic auction process. There will be no chairman; instead, the system algorithm will move the auction price up and down until buy and sell orders are matched to within a reasonable tolerance of 300,000 ounces.

    There will be a wider number of participants than the old fix, although we do not who they will be.

    In addition to the actual LSP price, it will theoretically be possible to follow the live auction process, observing net supply and demand at the various trial prices. "

    Sentiment: Strong Buy

  • Reply to

    Something doesn't smell right

    by asaatjian Aug 6, 2014 10:54 AM
    cgreens72 cgreens72 Aug 13, 2014 6:32 PM Flag

    This stock has shown PLENTY of strength in my opinion. Not sure what tape you are watching.

  • It isn't like they are shutting down the place. If they want to decrease the dividend to make up for the price in silver drop, I am ok with that. Notes from the earnings:

    Average realized sale price per silver equivalent ounce sold in Q2 2014 of $19.83 ( $19.81 per ounce of silver and $1,295 per ounce of gold), representing a decrease of 14% as compared to Q2 2013. - Yes, the price of silver was lower (this means cash will be lower also)

    Cash operating margin1 in Q2 2014 of $15.11 per silver equivalent ounce compared with $18.28 in Q2 2013 & Average cash costs in Q2 2014 were $4.15 and $393 per ounce of silver and gold, respectively. On a silver equivalent basis, average cash costs decreased to $4.72 compared with $4.77 in Q2 2013.- Costs are reduced (that is good)

    Bottom line: If you think the price of silver is going down? Don't invest here.

    Sentiment: Buy

  • Reply to

    Trying to buy back half my shares here....

    by lobsterpot1989 Jul 23, 2014 12:59 PM
    cgreens72 cgreens72 Aug 6, 2014 7:44 PM Flag

    Hey there traderv03,
    They were the good old days because we were all raking and the wheels didn't fall off the sucker during the secular bull that started in probably 2002. Should got 19 years perhaps? I got in the game pretty much in 2006 fortunately, but that same secular bull still exists as we went through the cyclical bear from Oct 2012 to Dec 2013 as the secular bull looks to continue with another strong base forming during the next cycle. Good luck to you!

  • cgreens72 cgreens72 Jul 28, 2014 2:10 PM Flag

    I made a million dollars on you posting this when I asked a million people for a dollar to show them something a liar and fool would say.

  • Reply to

    Trying to buy back half my shares here....

    by lobsterpot1989 Jul 23, 2014 12:59 PM
    cgreens72 cgreens72 Jul 24, 2014 6:02 PM Flag

    lobster, my average is higher than yours as I have shares I purchased at higher prices. You wanting this to go to $20 won't be helped by you selling large chunks on the way up causing resistance for yourself..."Don"t worry and be patient" - Are you taking your own advice? $10-12 stock imo, not $20 and that is with silver @$50 Good luck!

    Sentiment: Strong Buy

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