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Silver Wheaton Corp. Message Board

quailrunrd 14 posts  |  Last Activity: Jul 10, 2014 2:00 PM Member since: Mar 30, 2008
  • The huge moves upward in price both yesterday and today are done on huge volume. Today we will see 3 times average volume. Looks like lots of EXK buyers like the price they see today. Obviously a good sign for EXK.

    If silver price keeps pushing higher, EXK should be able to digest it's recent stellar gains without any moves lower. And many respected PM analysts are now forecasting a breakout in PM prices. But then again....haven't we all ridden that horse before? Time will tell.

    I won't make any rosy predictions other than I'm very optimistic! GLTA

  • It's always interesting how this manipulated statistic impacts PM prices. However, with ADP's better than expected number announced today, one might assume that any "better than expected" number in tomorrow's BLS report has already been discounted. Current consensus estimates call for 215,000 new jobs. ADP announced today that 281,000 new jobs were added.

    And here's my estimate on tomorrow's BLS number: Anything less than 250,000 new jobs will send precious metal prices higher. And EXK should benefit.

    Plus we have a long weekend ahead of us with geopolitical tensions continuing to mount. When does the "flight to safety" commence in earnest? (as in fleeing to silver and gold) GLTA

  • Reply to

    Headed for $7 before long!

    by jklemming Jun 30, 2014 8:12 AM
    quailrunrd quailrunrd Jul 1, 2014 4:04 PM Flag

    Silver up 4 cents at this time. EXK down 20 cents. Sounds about par for the course.

    It really amazes me how volatile EXK has been during the recent time frame (couple of weeks) where silver prices keep inching up. Obviously it doesn't make sense. But, then again, what do I know?

    Regardless, my sense is that silver prices have suffered their long consolidation period along with gold and are about to start another leg up. EXK will do just fine.

  • quailrunrd by quailrunrd Jun 24, 2014 10:05 PM Flag

    Silver has been slowly moving higher for the last several trading sessions. But EXK has a mind of it's own. It bounces up and down even with rising silver prices, New rich drill results were announced today. So EXK moves lower. What's up with that?

    So what's the botttom line? It all hangs on the price of silver. If silver continues to rise, then the volatile EXK stock price will trend upwards....and hopefully with some gusto!

  • Reply to

    The financial tension in the air is palpable

    by quailrunrd Jun 19, 2014 2:43 PM
    quailrunrd quailrunrd Jun 19, 2014 9:35 PM Flag

    Pullbacks, especially after the rise we've seen in EXK during the last 2 weeks, would be normal and healthy. I don't want to sound like a cheerleader exclaiming that EXK's direction is only going to be up for the next few trading sessions. But then we have James Turk who envisions another aspect to rising silver prices and that happens to be the number of shorts in the PM's who have placed wrong way bets on the direction of the metals. Here's what Turk suggests after viewing this morning's action in the metals:

    " The key now is whether we are going to get some follow through tomorrow. Based on what I see as a short squeeze developing, if I’m right you could have another 4 percent or 5 percent up-day tomorrow in silver....

    “If silver goes above $22, the sky is the limit on silver because that’s really been the big resistance point. And the interesting thing, Eric, is we have the options going off next week.

    Month after month we’ve been talking about how the central planners managed to force the price down into option expiry so their bullion bank agents can have as many of the calls that they have sold expire out of the money. But the market is so imbalanced, which is what I was alluding to on Monday, I wouldn’t be surprised to see the market rally right through option expiry.

    This would be an indication that this thing is finally ready to begin a new move upward. You know my longer term forecast is I’ve been looking for something over $2,000 on gold this year, and probably approaching $50 and maybe even exceeding $50 (on silver) in the not too distant future. That would put the gold silver ratio down at around 25/1." From KWN website

    Turk, like many analysts, tell us shorts could get "burned this time" and he may be right. Tomorrow could be an interesting day. But I continue to watch all those black swans circling the financial skies. I suggest those black swans should take us much higher if they don't fly away very soon!

  • U.S. is dissing the current Iraqi government (Maliki) as that country is sinks into chaos. Argentina announces it will probably default on their sovereign debt due to U.S. Supreme Court ruling which protects those U.S. hedge funds who purchased defaulted Argentian debt at huge discounts (and they demand full repayment) during last currency collapse. Russia is openly encouraging the rest of the world to dump their dollar transactions (and some claim Russia pushing the sale of U.S. treasuries). The Federal Reserve floating warnings they may allow banks to charge "gate fees" for holders of bonds and money market funds which, if imposed, will start a run on those instruments just before any gate fee is imposed. U.S. remains quiet about ongoing Ukraine crisis revealing America's super power status is showing signs of cracking.

    So what's my point? So many black swans circling U.S. reserve currency status. And signs of inflation are heating up.

    Gold and silver are now on the rise. If they continue to climb due to all the tensions in the financial world, then the miners should enjoy a massive breakout. Most long term investors of EXK realize this company is well managed, continues to grow reserves, and usually beats expectations on production. Once silver prices start rising, EXK will likewise show vast improvements in earnings as well as stock price.

    So are the tensions just palpable? Are they temporary blips on the radar screen? Or are we now set for another bull run in the precious metals arena? I don't know but most indicators I read are pointing up! GLTA

  • Reply to

    You have hope

    by bladerobo May 20, 2014 11:07 AM
    quailrunrd quailrunrd May 22, 2014 1:51 AM Flag

    I hear you Blade. But remember. It is always darkest just before dawn. GLTU

  • Reply to

    Q 1 Earnings Per Share

    by tthemainman38 Apr 27, 2014 11:55 PM
    quailrunrd quailrunrd May 14, 2014 3:22 PM Flag

    I saw those November calls when they hit .35 and I wanted to nab a few. But by the time I funded my Scottrade account things had changed so I jumped in at .50. They have traded at .45 since I bought.....oh well.....sigh.

    I expect a lot of movement in metals prices by Nov. Time will tell.

  • Reply to

    Q 1 Earnings Per Share

    by tthemainman38 Apr 27, 2014 11:55 PM
    quailrunrd quailrunrd May 14, 2014 12:32 AM Flag

    Hey Mainman! I just picked up a few 11/22 call options, strike price $5. So much time for silver to enjoy a ride to new highs taking EXK with it. The last time I bought EXK call options they expired worthless as I got greedy after they more than doubled in price...but I wanted MORE and it did not happen. So, I'm not the greatest investor. GLTU

    By the by, the cheerleaders at King World News (KWN) keep telling us that silver and gold are about to explode upwards. And I keep asking myself, why do I listen to those cheerleaders? But....they keep making excellent points! So I keep listening...ha ha.

  • Not exactly what I expected. EXK beats on expected revenues, silver holding steady today, and stock is now down 3.21%. EXK has a habit of exhibiting surprising stock moves both up and down which are oftentimes not correlated to anything in particular. Is today one of those days or was something negative revealed in a conference call? I dunno.

  • Not bad for a day when silver prices languished. Just imagine what will happen when silver prices catch fire! GLTA....it won't be long.

  • quailrunrd quailrunrd Apr 22, 2014 9:13 PM Flag

    Hey Main! I missed the boat today looking for forty and never filled. Tempting to chase it but will probably just hold off.

  • Because tomorrow I will buy some November EXK call options with a $5 strike price. Then I will be at peace with the world because silver, gold and EXK should enjoy rides to higher levels during the next 7 months. GLTA

  • Yeah, what happens next? If rancher Bundy can get away with ignoring the Fed's
    BLM orders and subsequent enforcement effort regarding his cattle grazing on
    Federal lands, then will millions of healthy young Americans tell the IRS to go
    to hell when it comes to paying a "penalty" for not being bullied into buying
    overpriced health care? They don't want to be forced to "graze" on Obamacare.
    Perhaps Bundy has set a precedent!

    Yep! The government could start to unravel! Who wants to listen to an
    overbearing, out-of-control, Federal government? Everyone who has read our
    Constitution clearly realizes government employees, including the U.S. president, are
    supposed to serve us (as in be our servants). They most definitely are not
    "entitled" to be our masters.

    P.S. With the Federal government continuing to abuse our currency (with the help and guidance of the Federal Reserve), then our U.S. fiat "notes" will eventually self destruct and silver and gold will shine. Staying long with EXK!

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