#WheatonPreciousMetals is actually looking pretty good. The firm has seen solid earnings estimate revision activity over the past month. As technicilay, it broke the 50dayMA yesterday and seems bullish
As the crowd chases the crypto move, these monsters are quietly making powerful bases from which to launch the next stage up.
Buy and holding quality mining shares such as this will provide huge gains over the long term plus pay you a dividend. Sure crypto just had a big move, BUT remember most of those shitcoins were down 90%. Not the kind of risk i want to take...
Based on my prediction that Gold (and Silver) are due for one last SHARP decline in the coming weeks, I am taking a SHORT position in WPM.
Here's the PUT: WPM JAN 10, 2020 $27 put
Currently offered around $0.16
My target for WPM in the coming weeks is an attack on the $24 level. If correct, this put would reach $3.00
That being said, you could short...
Wants to test 28.50
Breakout above 28.50 => tests 30.90, breakout over that = precious metals bull market
Gold & Silver are bullish against a fundamental backdrop of rising inflation and slowing growth (hello ISM print this morning). Streaming companies especially are one of the safer plays in the Gold Mining space, as they have no actual mining operation to...
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.
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...