Tuesday, April 26, 2011

Silver Wheaton Nearing BUY Level

Add to Technorati Favorites Subscribe in a reader
Delicious Bookmark this on Delicious

Readers of this blog know that silver has and continues to be one of ITZ's favorite suggested investment sectors. Silver Wheaton (SLW) more specifically the 'Best of Breed' stock to be in. Recently, Itz began to warn of silver's parabolic move and the divergence from the metal versus the silver miners/stocks. Also suggested protecting gains and that the upcoming correction/pullback will present an opportunity to load up again. Longer term silver has more upside, Itz has noted on Twitter and on this blog how adjusted for inflation silver to equal it's 1980 peak needs to more than double from current levels. Silver is in short supply, the fundamentals are strong and one can expect in coming years that silver prices will continue to rise. Importantly  the advantage of silver over gold, that it has a dual advantage being a precious as well as an industrial metal. Here's a repost of a video you'll find of interest LINK

ITZ is suggesting that Silver Wheaton should be entered @ $37 level. The last time SLW presented an entry point was earlier this year and ITZ suggested to enter then as well. The 12 month price target remains @ $65. Recently several brokerages have raised their price targets Scotia raised to $58 from $47, UBS $49 from $45 & RBC $57 from $51.

No comments: