Silver Wheaton (SLW)

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Silver Wheaton (SLW) finding support here around $24... let's re-enter with a half-position.
Silver Wheaton now trades at 17 times earnings, margins are holding above 55% SLW with low valuations and a metals market supported by growing demand in emerging Asia, as well as an efficiently run business model with low production costs. BUY

Silver Wheaton SLW...Heading Lower

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Silver Wheaton (SLW) Breaking Higher

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Silver Wheaton is finally breaking higher, ITZ noted a few weeks ago SLW was set to breakout read

 

Silver Wheaton Update 8-7-12 (SLW)

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Silver Wheaton is approaching resistance @ $29....will it breakout?

Past ITZ Post on Silver Wheaton Click Here

Silver News: CFTC Commissioner Bart Chilton Comments on the Silver Investigation  link CNBC

Silver Wheaton: Update 6-18-12

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Silver Wheaton trades at 17xs trailing twelve month earnings,  has a price to earnings growth ratio of 0.66 and a price to book of 3.47. Return on equity stands at 22.3% and quarterly year-over-year revenue and earnings growth are fairly robust at 26.2% and 20.5% respectively. Silver Wheaton is rock solid financially with a debt to equity ratio of 2.59 and a current ratio of 5.03.

Earnings '10 $0.79; '11 $1.55; '12 est $2.02; '13 est $2.44

Silver Wheaton (SLW) Update

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ITZ Adds To Silver Wheaton Position (SLW)

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ITZ took a 1/4 position Tuesday @ $32.50 link and yesterday when it dropped below $32 link 

On the open this morning ITZ went to a full position in Silver Wheaton @ $32.75 with an average cost basis of $32.49. SET STOP @ $30

Silver Wheaton (SLW) Hits Stop

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Silver Wheaton Hits ITZ $37 Stop level, exit the remaining 3/4 position. LINK

Back in December ITZ suggested SLW @ $27.50. January a 1/4 position exited on a $35 stop and today the remaining 3/4 position hit the $37 stop. Bottom line a 32.7% return in about 2 months.

Click Here for Past ITZ Posts

Time To Take Some Profits On This Silver Stock

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At the end of December 2011 Read Post, ITZ suggested entering Silver Wheaton SLW @ $27.50. Silver the commodity as well as Silver Wheaton have had a nice run in 4 weeks. ITZ highlighted silver as well as gold and crude oil yesterday, post the Fed decision to extend low interest rates until the end of 2014. LINK

With the run up in SLW, it would be prudent to take some money off the table here, perhaps a 1/4 position or sell some out-of-the-money call options.

Past ITZ Posts

Silver Wheaton: Early Buy Signal

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Not hearing much on silver now days...yet several weeks ago it was the opposite. Now is the time to start looking and either buying or adding to positions. ITZ is taking a look at Silver Wheaton SLW chart today. We have a 'Falling Wedge' pattern -- a bullish pattern that begins wide at the top and contracts as prices move lower. Falling wedges definitely slope down and have a bullish bias, which cannot be realized until a resistance breakout (around $32). One should wait for a breakout to confirm the signal, however a ITZ sees positive divergence signals. One could take some managed risk here buying around $30 (could go to $29) setting a $28 stop. Adding to position on a breakout over $32.

Past ITZ Posts Click Here