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The_dumpster_diver
Jul 17, 2019 1:53 PM

at resistance, the fed is your friend Long

Wheaton Precious Metals CorpNYSE

Description

although at resistance keep in mind the effects of a rate cut will dampen the usd sending commodities higher
Comments
chrissyboy
Getting a overweight rating from Barclay and target of 28$ from 23$ also helps! :)
The_dumpster_diver
@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
chrissyboy
@The_dumpster_diver, What would you think WPM is worth in the most bullish situation?
The_dumpster_diver
@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
Bullandbeartrading
Very good Indicators.
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