First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few key insights. WPM had its 52 week high recently, is a relatively low cost gold stock compared to companies like RGLD, and is on track to potentially pass a $45 threshold which would be an all time high for the...
#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
This precious metal is getting decimated after Chinese factory production(electronics) collapses in the month of February, down -12% in this trading session. This is going to be the deal of the century once a bottom is found as gold and silver are the only money to stand the test of time with over 5,000 years of recorded use as money, especially in a world where...
Where did this all come from? Dramatic market moves this past week even crashed silver and gold. Bonds were the only investment instrument that went unscathed. So much for the diversification theory that gold and silver would remain uncorrelated and offer protection in a weak market environment. Past debacles have shown that when margin call liquidations enter...
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...
end of January target is $15.91; let's see if we can hit it. I'd like to see higher, but not likely in the short-term. I'm expecting not to break $16 this intermediate cycle; but very likely in the next one: come end of February to mid March, I think we then break resistance after a decent pull-back.
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.