The_dumpster_diver
Long

at resistance, the fed is your friend

NYSE:WPM   WHEATON PRECIOUS METALS CORP
although at resistance keep in mind the effects of a rate cut will dampen the usd sending commodities higher

Comments

Getting a overweight rating from Barclay and target of 28$ from 23$ also helps! :)
+1 Reply
@chrissyboy, haha. trust me theyre gonna be worth way more than that. gold to silver is normalizing finally. the average normal range is 50's so should be a multiplier on profitability
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chrissyboy The_dumpster_diver
@The_dumpster_diver, What would you think WPM is worth in the most bullish situation?
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@chrissyboy, my post taking advantage of dumb money. I estimated around 41. If the debt ceiling isn't raised due to defense spending (my thoughts where most disagreement will arise) there may be a possibility for a debt downgrade. This is the most bullish scenario id say 50-60 may be where this could top out but not very likely. 2011 debt default made silver spike to unseen territories
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Very good Indicators.
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