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« Silver-Prices.Net Portfolio Update 14 January 2010 | Main | What Likely Lurks Around the Corner »
Sunday
Jan102010

Silver Wheaton Corporation Up 26% in a Week

SLW Chart 11 Jan 2010.JPG

Silver Wheaton Corporation (SLW) has gained $2.00 in this the first week of a new decade. Having traded around $15.00 at the close of 2008 its pleasing to see this stock start the year in such a positive manner, especially for us as SLW is now our largest single holding.

The reason behind this move is the good start that both gold and silver enjoyed over the week. Gold is still inversely correlated with the buck which had been enjoying a rally until recently.

What surprised us about the dollar rally was the number of commentators who got behind it with predictions of even higher prices for the dollar. Other than the occasional bounce in a downward trend we just cannot see any justification for the dollar to go higher this year and therefore we anticipate another good year for gold, silver and their associated stocks.

Silver Wheaton Corporation trades on the New York Stock Exchange and the Toronto Stock Exchange under the symbol of SLW and is currently trading at $17.20. The Company has a market capitalization of $5.87 billion, with 341.28 million shares outstanding.

All the best.

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Reader Comments (5)

your insight on Cour D`elene would be interesting as I keep receiving emails saying this is the next big thing

January 11, 2010 | Unregistered Commentersilver bug

Problem with CDE is they're loaded with derivatives
(bad hedges or financial guarantees). As long as they're
on the books, the stock will go nowhere.

January 11, 2010 | Unregistered CommenterInsilver

Team,

We did own CDE at one time but dropped it due to poor performance and the political problems in Bolivia, if my memory serves me well.

If you enter CDE into the search box at the bottom of the page it will bring up all of articles on that particular stock.

The derivative situation is also a worry so its till not for us at the moment.

January 12, 2010 | Unregistered CommenterSilver Prices

Ditto for me with CDE. I hung in for a long time based on forecasts which never materialized, and because they had a strong cash position and little debt. Maybe now is the time to jump aboard again. I'll put it on my watch list.
By the way, why do you prefer to be heavy in SLW, instead of PAAS, or SSRI? I like SLW, and maybe I will lighten up on PAAS and use the cash to buy a higher number of shares in SLW.
I would like to hear your comments.
John

January 12, 2010 | Unregistered CommenterJohn Ell

John,

Thats a hard one, at the moment we are happy to have SLW as our biggest holding and we have been tempted to reduce our positions in other stocks in order to buy more SLW. However, its dangerous to fall in love with a any one stock, if it fails then the damage is huge. The question of rebalancing the portfolio is always a tricky one, especially for us as we have looked at so many of the 'newer' silver companies with the intention of spreading our resources a little further.

The SLW model of having a supply of silver at a fixed price without the risks of mining is a superb innovation, in our humble opinion. When silver does finally hit the straps, then the bottom line should be dazzling.

Lets know what you decide to do, its all good stuff for our readers.

January 12, 2010 | Unregistered CommenterSilver Prices

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