Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Silver Prices
Silver Price
[Most Recent Quotes from] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« SILVER: News Flash | Main | SILVER PORTFOLIO UPDATE: 13 October 2006 »

SILVER WHEATON: A quick review

Third quarter results to be announced 02 November 2006 and they should be good. We are holders of this pure silver play and intend to hold for some time to come.

As we have written here before Silver Wheaton is a new innovation in that it is a silver only company and does not own or operate any mines. For more detailed information about SLW please back track through our website as we have covered it a couple of times.

Today we want to take a quick look at the charts. As you can see SLW is holding above its own 200 DMA and putting in a strong recovery from the recent sell-off. The other technical indicators are starting to look a little overbought which could send the stock sideways for awhile but we don’t think that this anything too really lose sleep over. The current buying level is a great opportunity to make an entry or to accumulate more of this stock now. We doubt that once it rises above the $10.0 level we wont see that again in this bull market.


The silver chart itself is also showing considerable strength, which gives us much comfort when buying silver stocks. We are looking for $15.0 to be hit in the near term.


17 October 2006

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>