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Monday, March 27, 2006
Silver Wheaton Corp. (SLW)
I used some of the weakness this morning to pick up some shares of Silver Wheaton Corp. (SLW). The stock is up a lot but I believe it will go higher. I closed my position in Motorola (MOT) for a small profit. I believe Silver Wheaton can offer 10-20% returns for the next couple of years.
Caught a nice downgrade in SLW today. I believe silver will be over $11.50 and gold over $600 by the end of 2006. The hedge funds need a place for returns and the US stock market is stuck in a trading range. So they will look to gold and silver for above average returns.
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Caught a nice downgrade in SLW today. I believe silver will be over $11.50 and gold over $600 by the end of 2006. The hedge funds need a place for returns and the US stock market is stuck in a trading range. So they will look to gold and silver for above average returns.
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