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Silver Wheaton Corp. Message Board

sandybeachdave 81 posts  |  Last Activity: Aug 29, 2015 8:34 PM Member since: Apr 18, 2011
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  • Reply to

    4x Cash Flow?

    by gnik4luap Aug 7, 2015 11:37 AM
    sandybeachdave sandybeachdave Aug 9, 2015 8:27 PM Flag

    The only way the fed can keep interest rates down is to continue to buy the federal governments bonds. If they do not, the supply of federal debt on the open market will increase and the price will go down or interest rates will rise. All that money getting into the economy and no economic growth will eventually lead to inflation as the dollar becomes more plentiful and worth less, maybe to the point of being worthless. In that environment, PM's will rise in dollar terms as manipulation will break down at some point. It will probably happen when the entire mine supply is bought by governments and speculators.

  • Reply to

    Any/all LSG optimists are dilussional.

    by kdetlefsen1954 Aug 5, 2015 8:46 PM
    sandybeachdave sandybeachdave Aug 6, 2015 10:35 AM Flag

    I guess I am delusional squared, I added another 10% to my holdings this morning. I like the fundamental story and believe the first of the recent acquisitions is a smart move and the latter in the yet to be proven category. I am sorry you have been "had", but if you have not sold, it is only a paper entry. Things should look better and soon for this company stock.

  • Reply to

    LSG TEMEX

    by jacksparrow777722 Jul 21, 2015 1:24 PM
    sandybeachdave sandybeachdave Aug 5, 2015 4:44 PM Flag

    Today has been fun, not! You mentioned $0.65 by the end of the week and by extrapolating today we have about have it. This is a joke, PM stocks take it on the chin big time for a minor move in their product. I hope you got out Kzaz, you had good foresight. As said before, I like the fundamentals for this company and I am holding for at least ten dollars.

  • Reply to

    Not buying this untl it hits $1.05

    by pmguy55 Aug 3, 2015 2:30 PM
    sandybeachdave sandybeachdave Aug 4, 2015 10:29 AM Flag

    You might not be buying any more with that criteria as we may look back to the week of July 20, 2015 as the generational low. Just a fleeting thought to ponder.

  • Reply to

    LSG TEMEX

    by jacksparrow777722 Jul 21, 2015 1:24 PM
    sandybeachdave sandybeachdave Aug 3, 2015 9:32 PM Flag

    Fed is not going to raise rates. For my take on it, click on my name and read about 3 or four messages down. I would repost again, but it is right up against the character limit.

  • Reply to

    LSG TEMEX

    by jacksparrow777722 Jul 21, 2015 1:24 PM
    sandybeachdave sandybeachdave Aug 3, 2015 6:37 PM Flag

    As I sit at my desk trying to make sense of it, I can only come to the same conclusion Kzaz1469. The other day I mentioned an ascending support line (incorrectly called the intersection at the then current time of $0.74, should have been $0.84) which is now at about $0.86. We are clearly below the line. The fundamentals are very good except for product price and the technical analysis is not so shiny with this recent dip. I think I will hold, the charade has to come to an end and soon in my opinion. Last month it was Greece, China, and Iran: this month it is Puerto Rico, China and Iran plus you can throw in Obama's carbon dioxide rules. Economic news is manipulated. Throughout the recovery since 2008, diesel consumption is down by 13%, employment to population ratio is at near all time highs, safety net payments are at all time highs and the list goes on but the financial news is all rosy. What a joke, how long will we keep tolerating this garbage?

  • Reply to

    Fed RAISE RATES SEP OR DEC?? Yeah, but, what year?

    by mardermj Jul 27, 2015 11:16 AM
    sandybeachdave sandybeachdave Aug 2, 2015 8:26 PM Flag

    re-post:

    Rates are not going up, there will be a lot of talk and they might move a quarter point, but they are not going up.
    1) The federal, state and local governments have borrowed and spent themselves into a corner they cannot finance with a market price discovered interest rate.
    2) Government needs to control the population and what better way than keep them from a reasonable income from their savings. Remember, savings were saved incremental wealth that people stored as US dollars. Those dollars are our money which by one point in the definition is to be a store of wealth that requires a diligent federal reserve to maintain the value of the dollar. Savers using US dollar denominated instruments are not only not getting paid allowing the custodian to use their stored wealth, savers are loosing purchasing power, therefore the fed policies are stealing from savers.
    3) The Federal Reserve once said in the 80's under Volker, their policies were not meant or intended to support the markets. This Fed is scared to death what may happen in the markets if they raise rates and have openly referenced the markets in their statements meaning without doubt they are watching market reaction.
    4) The Fed has some $4 trillion in liabilities, or debt instruments. The fed is a private institution owned by large banks/bankers that are unknown. Their first loyalty is to themselves and rising interest rates will be reflected in lower prices for debt instrument. They are not going to stand for a loss.
    5) Raising interest rates will tank the economy and the tax structure exacerbating the ability of governments at all levels to pay debts.
    6) A trashed economy means more folks on unemployment and other social safety nets meaning even less potential ability to pay back the liabilities mentioned in #4.
    7) An economy unraveling provides fuel for politicians to do something about the fed and that will mean loss of power and increased transparency. They wont let that genie out of the bottle.

  • Reply to

    LSG TEMEX

    by jacksparrow777722 Jul 21, 2015 1:24 PM
    sandybeachdave sandybeachdave Jul 31, 2015 3:22 PM Flag

    It seems to only require a affirming vote by shareholders at this point, so like you say probably a done deal. It is surprising to me that LSG is taking another hit, seems like the one on the day of the announcement would have been sufficient. I view the deal as very positive for both companies and see this as a buying opportunity. TMXRF bounce right to the arbitrated price of $0.09 at the current LSG trading price, suggesting those shareholders see it as a done deal as well.

  • Reply to

    Timber

    by recker222000 Jul 20, 2015 10:09 AM
    sandybeachdave sandybeachdave Jul 27, 2015 12:42 PM Flag

    Rates are not going up, there will be a lot of talk and they might move a quarter point, but they are not going up.
    1) The federal, state and local governments have borrowed and spent themselves into a corner they cannot finance with a market price discovered interest rate.
    2) Government needs to control the population and what better way than keep them from a reasonable income from their savings. Remember, savings were saved incremental wealth that people stored as US dollars. Those dollars are our money which by one point in the definition is to be a store of wealth that requires a diligent federal reserve to maintain the value of the dollar. Savers using US dollar denominated instruments are not only not getting paid allowing the custodian to use their stored wealth, savers are loosing purchasing power, therefore the fed policies are stealing from savers.
    3) The Federal Reserve once said in the 80's under Volker, their policies were not meant or intended to support the markets. This Fed is scared to death what may happen in the markets if they raise rates and have openly referenced the markets in their statements meaning without doubt they are watching market reaction.
    4) The Fed has some $4 trillion in liabilities, or debt instruments. The fed is a private institution owned by large banks/bankers that are unknown. Their first loyalty is to themselves and rising interest rates will be reflected in lower prices for debt instrument. They are not going to stand for a loss.
    5) Raising interest rates will tank the economy and the tax structure exacerbating the ability of governments at all levels to pay debts.
    6) A trashed economy means more folks on unemployment and other social safety nets meaning even less potential ability to pay back the liabilities mentioned in #4.
    7) An unraveling of the economy provides fuel for politicians to do something about the fed and that will mean loss of power and increased transparency. They wont let that genie out of the bottle.

  • Reply to

    On knees, hands clasped, lookin' skyward,

    by kdetlefsen1954 Jul 24, 2015 3:20 PM
    sandybeachdave sandybeachdave Jul 27, 2015 9:14 AM Flag

    thanks

  • Reply to

    SSRi by far the best performing miner...

    by trade.real Jul 24, 2015 11:56 AM
    sandybeachdave sandybeachdave Jul 26, 2015 9:15 PM Flag

    Have a squint at LSG. It too, has just started production and has good cost structure and potential for expansion. The 6 month charts look somewhat comparable. I hold both SSRI and LSG and they are my best mining performers. PAAS is one of my worst performers.

    Only a sugestion to have a look, I am not pumping.

  • Reply to

    On knees, hands clasped, lookin' skyward,

    by kdetlefsen1954 Jul 24, 2015 3:20 PM
    sandybeachdave sandybeachdave Jul 26, 2015 8:38 PM Flag

    My reply to you in the other thread was tongue in cheek humor as I do not know if I am correct or not, but we have all noted the fantastic fundamentals for LSG. Also, the company comparisons and chart data are very good as well. Many PM miners are trading at or near all time lows. For a summary comparison have a look at GDX and GDXJ charts compared to LSG and see how much better LSG has performed during the recent PM blood bath. Even recently, LSG has outperformed the S&P by some 30% year to date.

    Construct a longer term up trending support line by drawing an extending line through the low of $0.28 on June 16, 2013, and the low of $0.60 on December 22, 2014. The line is currently at about $0.74 and it has been tested and not breached once on March 17, of this year. That is a solid suggestion LSG could have a little more downside but the trend is certainly positive for the longer term as long as the support line holds. Granted, most of the traditional technical indicators are very bear oriented, but again not so bad as many competitors. Take for example RSI on a daily basis. Most miners got below 20 and some approached 10 on the recent take down, while LSG stayed at 30 and above. I see this as quite positive.

    Jack Sparrow is sticking by his prediction for a double in short order. I believe he could be under estimating, but I am quite confident we see $2.00 or more by the end of the year My take is to keep the rum handy, I believe the party is at hand!

  • Reply to

    Divvy remains intact for Q2

    by doesthishurtyou Jul 23, 2015 4:14 PM
    sandybeachdave sandybeachdave Jul 25, 2015 2:32 PM Flag

    Your points make more sense than mine. even at that, I do not see this outfit in danger of going under. I am pretty sure they will maintain the dividend so I am reinvesting at the low prices.

  • Reply to

    Divvy remains intact for Q2

    by doesthishurtyou Jul 23, 2015 4:14 PM
    sandybeachdave sandybeachdave Jul 24, 2015 6:37 PM Flag

    Other MLP's did pretty well today and OKE/OKS are down big time. I think shareholders are concerned that the dividend was not raised by at least a token amount.

  • sandybeachdave sandybeachdave Jul 24, 2015 3:03 PM Flag

    I agree the company is doing quite well and added a bit to my holdings s this morning.

  • sandybeachdave sandybeachdave Jul 24, 2015 2:58 PM Flag

    Congratulations, you have been proven correct today, and now for the upswing for a double or more by the end of the year.

  • Reply to

    Look at the volume to this last pop !!

    by ronaldweisenheimer Jul 24, 2015 2:37 PM
    sandybeachdave sandybeachdave Jul 24, 2015 2:55 PM Flag

    It was not much of a pop, but the volume did spike quite a bit. With 14 million shares short last report (June 30 and 1.7 days to cover per NASDAQ) the pop right before the weekend may have been some folks covering those shorts as they may not see much profit holding longer and the potential for a 50 cent move up is probably greater than down. It is still down over 2% for the day as I type.

  • Reply to

    Finally broke down below 2

    by tradebrave Jul 24, 2015 9:40 AM
    sandybeachdave sandybeachdave Jul 24, 2015 10:50 AM Flag

    Lowest I can find is $1.65 on June 16, 2004 and it closed at 1.78 that day, what date did you find $0.02? Pointing out the current ratio is a good point on their staying power. Seems like a gold miner, or anyone else for that matter could be making money hand over in the future via purchasing these essentially bankrupt PM mining companies for fire sale prices.

  • Reply to

    Finally broke down below 2

    by tradebrave Jul 24, 2015 9:40 AM
    sandybeachdave sandybeachdave Jul 24, 2015 9:46 AM Flag

    I believe $1.98 was the all time low for this stock about 15 years ago. It is either a screaming buy or going bankrupt, I do not know which. I am, however, thinking AUY and many if not nearly all PM stocks are screaming buys, just do not know the timing or how much lower they might go.

  • sandybeachdave sandybeachdave Jul 21, 2015 6:26 PM Flag

    Implied, but not stated in the previous post, similar steep decline rates for shale natural gas reservoirs and will adversely impact natural gas supply and ngl's

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