WHEATON PRECIOUS METALS CORP

NYSE

WPM

WPM - Wheaton Precious Metals- Another great stock to consider trading or investing in times of financial market uncertainty. Share prices breached 28.10 resistance and pushed hard to the upside in today's session, reaching 29.85 from the time of reporting up 3.04%. Share prices have breached another resistance price level in today's trading session at 29.70. It...

=====LONG TERM PRICE TARGET $41.50========. SHORT TERM PRICE TARGET $31 FOR AS LONG AS PRECIOUS METALS RALLY STICK WITH THE STOCK, CURRENT MARKET TURBULENCE WORLDWIDE IS A MAJOR POSITIVE FOR $WPM Wheaton Precious Metals Corp. is a mining company, which engages in the sale of precious metals and cobalt production. It operates through the following segments: Gold,...

Instead of chasing the move late last week, one could have waited to see a backtest today. This can be a spot for fast positions. It can trend toward 31 before hitting larger resistance. I don't think it stops at resistance, because of the extremely strong gold/silver bull market. But, 31 would be a place to reduce leverage or reduce risk.

silver

Wheaton breaks above its downward TL on the back of stronger Silver price.

although at resistance keep in mind the effects of a rate cut will dampen the usd sending commodities higher

powell speaks tomorrow in my opinion based on data ive been watching he may emphasize the need to be proactive. to be swift. the tool belt as he described last speech will require creativity due to limited abilities on a historical basis.

so the theory here is: not all ETF holdings are created equally. WPM has a 15-25% holdings weight in a few silver mining etfs. with the feds pivot and likely need to make aggressive accommodation in the future and likely resumption of QE. id expect money to flow likely wine into precious metals etfs. but... not all etf holdings are evenly distributed. wpm is one...

WPM has potential to retake recent highs with another push up in gold.

part of my studies into hacking order flow. WPM makes up roughly 20% of the sil etf and comprises a major holding in other major metals etfs. that being said money flow is not equally distributed and is based on a certain weighting. this is the same concept of how i played BA from december melt down. the idea is to capture the uneven distribution based on the...

gold, silver, and bonds want to hear powell say uncle. rather playing any i prefer to choose the biggest holdings within those sectors. one stands out to me option wise, asset allocation wise, and pattern wise. wpm is about to make itself at home in ranges not seen for some time.

Price above the cloud ( bullish ) Above 200MA ( bullish ) Buy $21.38 Take Profit: 22.56 R=2 Stop Loss: $20.84 Thank You All comments are welcome

19.20 entry looking for a 12-15% long

Risk/reward compelling and silver has greatly underperformed gold.

WPM going down with very volumes - Keep a watch on it. Active buying coming at 18. Not sure if it is formingIs it forming a 'b' on volume profile , in search of NEW VALUE AREA. But good to keep on Watch List ***Volume profile a better way to analyse the stocks, rather than some chart drawings/Guess work.

On Friday, June 16, we successfully closed our previous short-put trade on WPM (see previous post below). Today WPM is showing continued signs of weakness, in an otherwise strong market. It is currently trading towards the lows of its trading range. It could continue to show weakness if the broader market continues its journey upwards. However, in the context of...

1. If the Trump will not pass his tax reform and has more problems inside US (FBI case), a market may correct and at that time, the precious metal may rise. 2. USD is weakening ---> price of precious metal will increase. Target around 30 USD.