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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.

2 Comments:

Blogger pigpen01 said...

I like silver for 2006, but I think the ETF is already priced in at the moment and then some. I did an option day trade on PAAS today because of the technicals (25% return), but went long on gold (GLD). Once silver comes down to at least it's 30dma, I'll pull the trigger there as well. Hopefully the silver ETF will be here by then.

3/27/2006 3:28 PM  
Blogger Big Ben said...

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.

3/27/2006 9:29 PM  

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