Tuesday, July 27, 2010

Silver Wheaton SLW

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Silver could continue its bullish momentum this week on technical indicators and a weaker dollar.
 Economic data releases this week could indicate improving new-home sales, declining consumer confidence and rising durable goods orders. The eurozone is scheduled to release unemployment numbers, confidence measures, and retail sales data. These data releases could be mixed to positive for the dollar, while the eurozone macroeconomic factors are showing an upturn. Markets may be weighed down by the dollar, which has been deteriorating during the past seven weeks. Overall, a weaker dollar may push silver prices higher. >>READ MORE

As I type gold is trading down $1159 -$25 & silver $17.60 -$0.56 Silver Wheaton SLW $18.06 -$0.78. Again suggesting SLW a BUY under $18.

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