Wed, Jul 23, 2014, 8:35 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

Silver Wheaton Corp. Message Board

jiminy539 3 posts  |  Last Activity: Jun 30, 2014 2:09 PM Member since: Sep 19, 2005
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    How deep is this retrace likely to be?

    by samiwhams Jun 30, 2014 10:13 AM
    jiminy539 jiminy539 Jun 30, 2014 2:09 PM Flag

    Hi Sandy,
    I read Maund and think some type of correction is very likely; though it may only work out to be a consolidation. I've been more wrong than right for the past 2 years. So with that track record in mind here's my latest bit of hopium.

    With regard to the COT, I've been watching and listening to analysis every week for the past 2 years. It seems almost every week as the PM market continued its sickening decline,---
    I would hear something to the effect that the commercials ("those closest to the action and pulling the strings") were net long (sometimes massively net long) which was considered quite bullish. However, week after week PM's would continue the decline despite the long position. When was the commercial long position going to turn this thing around???? IF their long position didn't change the cousre of the market what would?
    Well~
    The large specs were finally motivated to unwind and their short position, which had to go somewhere so I suspect that explains the massive increase in the commercial short position. As always, they will manage the prices and probably always end up with the bulk of the money in the long run.
    . I think the significant take away is that the large specs may have switched sides. The large specs seemed to have "driven" this market on the way up in 2011 and again on the way down after 2012.
    I'm hoping we've seen a fundamental change in the structure of the market participation. The large specs and funds are supposedly always wrong "in the end."
    I think the commercials will always give the speculators enough rope to hang themselves whether it be on the way up or on the way down. Hopefully that was the end of the big decline and they have started a longer running up-wave.

    --we'll see.
    GLTA

  • Reply to

    Short and long term of GDX

    by waynecdn Jun 26, 2014 1:07 PM
    jiminy539 jiminy539 Jun 26, 2014 4:17 PM Flag

    Seems miners have led the way both up and down over the longer term.
    When miners crash, metal seem to follow. Rather than visa vera

  • jiminy539 jiminy539 Jun 23, 2014 3:16 PM Flag

    True, he's easy to spot and already on ignore.
    (--- probably with everyone who regularly checks this board as well.)

    Sentiment: Hold

SLW
26.43-0.06(-0.23%)Jul 23 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.