1-The Dow is due for a correction and I'm afraid this might take Silver down with it hard. SLW could trade as low as 25.75. Great opportunity to get short now if that happens.
2-If Silver breaks support at 28.30, it will trade down to probably 24-25.
In the end, this will be probably be the last time silver will be this cheap but a correction still is imminent.
Not yet. Its either one more dollar down or 6 dollars. You need to follow the pos also, as its the only way to trade slw.
SLW will go to the moon. But not in a straight line. And in 2008 SLW went from 19 to 2.50. Go see your history. We all know that the monetary policy is to take down metals as long as they can until the game is over.
This will be a problem when silver hits 100.00/oz. I think for now people were really jumping ahead of ourselves. Don't forget that miners have gold to extract also!
Si is trading at 30.20 right now. Check usagold.com and click onto live charts to see silver trading live. It has a better real time tick than kitco. If si beats 30.25, slw will be at 40 soon. And I mean real soon.
One would have to their own dd. A good start would be to call the ir of Silver Wheaton and ask them to send you transcripts of their contracts since they are a publically traded compnay.
SLW is the clear cut winner here. No mining costs. Just contracts at 4.00 per ounce to sell silver. SLW gains more profits by far. PAAS is far better than ssri.
Not if its up again tomorrow. Gold and Silver are retesting their resistances. Tough call to make right now. I see SLW at 40 before 33.