joe-gamma wrote:Al_Dente wrote:TraderJoe wrote:Al_Dente wrote:joe-gamma wrote:TraderGirl,
I read that most if not all people are calling a top in Gold & Silver for the short term.
If you do not mind and you have time, would you please do your magic chart on Silver (SLV). I read that they think it will drop to around $26 before it starts back up.
I would sure like to see if you and your MAGIC charts agree
Thanks AGAIN!!!
Can u post one of those on SLW
thanks

Here is part of one article;
"Gold should soon start wave {e} down, falling toward 1,525ish. Then a decline back toward 26 should complete wave {e} down."
I have read several of these articles and they all mostly say the same thing. They are saying silver down to around $26 and Gold down about $200.
V, W, VW?
VHAT DA HECK IS DA DIFFERENCE?!!
fOR gRANDPA aL, IT WOULD BE QUITE AN HONOR

and here is 3 box of 25 cents (shorter term) Did you own some?
Thanks very much joe joe
SLW sometimes not always has more traction than SLV
Here’s some blabla on SLW, sorry I forgot to link my source
Silver Wheaton (SLW) business model : It more-or-less invented the “streaming” business. Like a royalty company, SLW buys future silver production from other companies. In return for an upfront payment and an ongoing payment, SLW receive all or part of the future silver production.
These streaming arrangements are usually made with base metals producers for whom the silver is simply a by-product, and also sometimes with silver companies that need the capital….Like a royalty, the beauty is a (reasonably) fixed payment once the purchase is made.
So the company is exposed to upside in the silver price without additional payments. It is relatively insulated from the cost pressures that plague mining companies…However, it is not immune to other mining hazards…
With almost one billion in cash, and strong cash flow, the company is in an excellent position not only to survive but to make additional acquisitions or boost its dividend.
[caveat: silver is NOT a buy right now]