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I'll take the div. Missing by 1 cent in earnings isn't terrible. 25 mil short on rev. is not good but yr over yr up 28 percent is fine. The projections look to be fine as well.
Wheaton Precious Metals Hikes Dividend By 30% As Quarterly Results Disappoint
https://finance.yahoo.com/news/wheaton-precious-metals-hikes-dividend-071008881.html
Besides 4Q results, the company announced a 30% increase in its quarterly dividend to $0.13 per share. The new dividend will be paid on April 13, 2021, to shareholders of record as of March 26, 2021. Its annual dividend of $0.52 per share now reflects a dividend yield of 1.4%.
It is dropping again but with a caveat.
As gold plunges the gold/silver ratio is dropping also which never happens.
That is why in my last post I said the banks have lost control over the physical silver
market and the bullion dealers are now holding the cards with their high premiums
on physical silver, especially silver coins.
More manipulation by the big banks but is failing because the bullion dealers are asking very large premiums over the paper spot
price.
The bullion dealers have more of a handle on the actual silver
supply then the big banks.
Watch the bullion dealer prices and not the paper spot price.
I have never seen such high premiums over the spot before on silver
bullion. See JP bullion.
Something going on and the banks aren't controlling the actual price of silver bullion.
Bouncing around a lot recently. Very volatile.
Toofuzzy
Any thought on why WPM is not tracking gold and silver the last few days?
Toofuzzy
Wonder why gold, silver, and WPM is having the big drop today.
Toofuzzy
Is it wrong to write a big fat W on a Wheaton chart?
The Big banks can manipulate any market through their ETF scheme.
Was Bernie Madoff secretly named WPM's CEO when no one was looking?
Gold was on fire for a week, but WPM performed HORRIBLY, actually went DOWN, believe it or not.
Then today, when gold had a mild correction, WPM gets slammed, raising the "If not now, WHEN"? question.
Not gettin it.
Makes sense, but remember, Casey's been making this identical prediction for over thirty years, and he's always been wrong.
Doug Casey: Gold Stocks Are Going to Be Explosive
By Doug Casey January 3, 2020 Print
By Doug Casey, founder, Casey Research
My regular readers know why I believe the gold price is poised to move from its current level of around $1,550 per ounce to $2,000… $3,000, and beyond.
Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.
In a desperate attempt to stave off a day of financial reckoning during the 2008 financial crisis, global central banks began printing trillions of new currency units. The printing continues to this day. And it’s not just the Federal Reserve that’s doing it: it’s just the leader of the pack. The U.S., Japan, Europe, China… all major central banks are participating in the biggest increase in global monetary units in history.
These reckless policies have produced not just billions, but trillions, in malinvestment that will inevitably be liquidated. This will lead us to an economic disaster that will in many ways dwarf the Great Depression of 1929–1946. Paper currencies will fall apart, as they have many times throughout history.
This isn’t some vague prediction about the future. It’s happening right now. The Canadian dollar has lost 24% of its value since 2013. The Australian dollar has lost 34% of its value during the same time. The Japanese yen and the euro have crashed in value. And the U.S. dollar is currently just the healthiest horse on its way to the glue factory.
These moves show that we’re in the early stages of a currency crisis. But if you make the right moves, you could actually make windfall gains instead of suffering losses. Here’s how to do it…
The huge winner during this crisis will be the only currency that has real value: gold.
Gold has been used as money for thousands of years because it has a unique combination of qualities. Let me spell it out very briefly: It’s durable (almost indestructible – that’s why we don’t use food as money), divisible (each divided piece is valuable – that’s why we don’t use artwork as money), convenient (its unit value is very high – that’s why iron isn’t a good money), consistent (all .999 gold is identical – that’s why we don’t use real estate as money), and has value in and of itself (which is why we shouldn’t use paper as money). Just as important, governments can’t create gold out of thin air. It’s the only financial asset that’s not simultaneously someone else’s liability.
When people wake up and realize that most banks and governments are bankrupt, they’ll flock to gold… just as they’ve done for centuries. Gold will rise multiples of its current value. I expect a 200% rise from current levels, at the minimum. There are many reasons, which we don’t have room to cover here, why gold could see a truly significant gain. And in real terms, not just against paper money.
This should produce a corresponding bull market in gold stocks… of an even greater magnitude. A true mania for gold stocks could develop over the coming years. This could make anyone who buys gold stocks at their current depressed levels very rich.
What History Teaches Us About Great Speculations
Many of the best speculations have a political element to them.
Governments are constantly creating distortions in the market, causing misallocations of capital. Whenever possible, the speculator tries to find out what these distortions are, because their consequences are predictable.
They result in trends you can bet on. Because you can almost always count on the government to do the wrong thing, you can almost always safely bet against them. It’s as if the government were guaranteeing your success.
The classic example, not just coincidentally, concerns gold.
The U.S. government suppressed its price for decades while creating huge numbers of dollars before it exploded upward in 1971. Speculators who understood some basic economics positioned themselves accordingly. Over the next nine years, gold climbed more than 2,000% and many gold stocks climbed by more than 5,000%.
Governments are constantly manipulating and distorting the monetary situation. Gold in particular, as the market’s alternative to government money, is always affected by that. So gold stocks are really a way to short government – or go long on government stupidity, as it were.
The bad news is that governments act chaotically, spastically.
The beast jerks to the tugs on its strings held by various puppeteers. But while it’s often hard to predict price movements in the short term, the long term is a near certainty. You can bet confidently on the end results of chronic government monetary stupidity.
Mining stocks are extremely volatile for that very same reason. That’s good news, however, because volatility makes it possible, from time to time, to get not just doubles or triples but 10-baggers, 20-baggers, and even 100-to-1 shots.
When gold starts moving higher, it’s going to direct a lot of attention towards gold stocks. When people get gold fever, they are not just driven by greed, they’re usually driven by fear as well, so you get both of the most powerful market motivators working for you at once. It’s a rare class of securities that can benefit from fear and greed at once.
Remember that the Fed’s pumping-up of the money supply ignited a huge bubble in tech stocks in the late ’90s, and then an even more massive global bubble in real estate that burst in 2008. But they’re still creating tons of dollars.
This will inevitably ignite other asset bubbles. Where? I can’t say for certain, but I say the odds are extremely high that as gold goes up, a lot of this funny money is going to pour into these gold stocks, which are not just a microcap area of the market but a nanocap area of the market. The combined market capitalization of the 10 biggest U.S.-listed gold stocks is less than 9% of the size of Facebook alone.
I’ve said it before, and I’ll say it again: When the public gets the bit in its teeth and wants to buy gold stocks, it’s going to be like trying to siphon the contents of the Hoover Dam through a garden hose.
Gold stocks, as a class, are going to be explosive. Now, you’ve got to remember that most of them are junk. Most will never, ever find an economic deposit. But it’s hopes and dreams that drive them, not reality, and even those without merit can still go up 10, 20, or 30 times your entry price.
And companies that actually have the goods can go much higher than that.
You buy gold, the metal, because you’re prudent. It’s for safety, liquidity, insurance. The gold stocks, even though they explore for or mine gold, are at the polar opposite of the investment spectrum; you buy them for their extreme volatility, and the chance they offer for spectacular gains. It’s rather paradoxical, actually.
Why Gold Stocks Are an Ideal “Asymmetric Bet”
Because these stocks have the potential to go 10, 50, or even 100 times your entry price, they offer something called “asymmetry.”
You probably learned about symmetry in grade school. It’s when the parts of something have equal form and size. For example, cut a square in half and the two parts are symmetrical.
Symmetry is attractive in some forms. The more symmetrical someone’s face is, the more physically attractive they are considered to be. Symmetry is often attractive in architecture.
But when it comes to investing and speculating in the financial markets, the expert financial operator eschews symmetry. Symmetry is for suckers.
The expert financial operator hunts for extreme asymmetry.
An asymmetric bet is one where the potential upside of a position greatly exceeds its potential downside. If you risk $1 for the chance of making $20, you’re making an asymmetric bet – especially if the odds are very good you could be right.
Amateur investors too often risk 100% of their money in the pursuit of a 10% return. These are horrible odds. But the financially and statistically illiterate take them. You might do better in a casino or most sports betting. It’s one of the key reasons most people struggle in the market.
I’ve always been more attracted to asymmetric bets… where I stand a good chance of making 10, 50, even 100 times the amount I’m risking. I’m not interested in even bets. I’m only taking the field if my potential upside is much, much greater than my potential downside.
Because of the extreme asymmetry gold stocks offer – because of their extreme upside potential when they’re cheap – you don’t have to take a big position in them to make a huge impact on your net worth. A modest investment of $25,000 right now could turn into $500,000 in five years. It has happened before and it will happen again.
Right now gold stocks are near a historic low. I’m buying them aggressively. At this point, it’s possible that the shares of a quality exploration company or a quality development company (i.e., one that has found a deposit and is advancing it toward production) could still go down 10%, 20%, 30%, or even 50%. But there’s an excellent chance that the same stock will go up by 10, 30, or even 50 times.
I hate to use such hard-to-believe numbers, but that is the way this market works.
When current government policies inflate the coming resource bubble, the odds are excellent we’ll be laughing all the way to the bank. Assuming the bank is still there…
No one, including me, knows that a gold mania is just around the corner. But having operated in this market for over 40 years, I can tell you this is a very reasonable time to be buying these volatile stocks. And it’s absolutely a great time to start educating yourself about them.
There’s an excellent chance a truly massive bubble is going to be ignited in this area. If so, the returns are going to be historic.
Regards,
Doug Casey
Founder, Casey Research
https://www.caseyresearch.com/daily-dispatch/doug-casey-gold-stocks-are-going-to-be-explosive/
Good to know that Trump is good for making at least one of the stocks I own go up.
Toofuzzy
Xiulian
It is back up pre market.
Toofuzzy
I see it as 25.51 after hours. Did it drop $1.04 overnight
Nice move up today. Hope it holds but not good for the rest of the market.
Toofuzzy
Wonder why the big drop on Monday.
Toofuzzy
Wheaton Precious Metals (WPM) Stock: Flying On Tax Settlement
In a statement, Randy Smallwood, President, and CEO at WPM had the following to offer:
THE TERMS OF THE SETTLEMENT ARE AN EXCELLENT OUTCOME FOR WHEATON AND ITS SHAREHOLDERS… THIS SETTLEMENT REMOVES UNCERTAINTY WITH THE USE OF OUR BUSINESS MODEL GOING FORWARD AND PUTS THE TAX ISSUE BEHIND US SO THAT WE CAN CONTINUE TO FOCUS ON WHAT WE DO BEST: BUILDING AND MANAGING OUR HIGH-QUALITY PORTFOLIO BOTH ORGANICALLY AND BY ACCRETIVE ACQUISITIONS, AS WE DID EARLIER THIS YEAR WITH THE TRANSACTIONS ON VALE’S VOISEY’S BAY MINE AND SIBANYE’S STILLWATER MINES. WITH THE CLARITY PROVIDED BY THIS SETTLEMENT, I LOOK FORWARD TO OUR COMPANY AGAIN BEING VALUED SOLELY BASED ON THE VIRTUES OF ITS EXCELLENT PORTFOLIO OF HIGH-QUALITY ASSETS AND STRONG GROWTH PROFILE OVER THE COMING YEARS.
insert-text-here
I have no thirst for the pm's and that makes me sad. If you play the SILVER bottom, you will do well.
Look at the 6mo. chart! Those that lag have problems!
Turning around fast here buying WPM
Sounds good.
Hi John
My "hold zone " is 17.39 to 23.52
If it moves outside that zone I buy or sell and the hold zone moves up or down gradually.
Discipline takes the emotion out of investing.
Toofuzzy
Re bottom fishing
If it went a bit lower but it might have bottomed.
I have set prices where I gradually buy and sell. Didn't quite reach it but close. I would add 5% more shares.
Toofuzzy
Bottom fishin'
Any news to justify today's drop?
As always
Toofuzzy
I don't put call
Long only or inverse ETF's
It's been a month. Say you?
35.29 RSI(14)
I am buying SILVER at $15.35 spot. Not bullion but CDE and USLV. I could go deeper into Wheaton, PAAS and AG.
I want to know the greatest leverage to a move in SILVER. Is is USLV or is it a miner or Wheaton?
You will want to TRADE SILVER. From $15.00 to possibly $30.00 or $25.00???
Thoughts???
Wheaton Precious Metals (WPM)
Forecast Average Annual Production
Metal Streamed
Average Annual Production
Gold
385 thousand ounces / year
Silver
25 Million ounces / year
Palladium
10.4 koz
27 thousand ounces / year
Cobalt
2.1 million pounds / year
If SILVER drops below 16 again, I'll buy back in with my cannabis profits.
Wondering why WPM is pulling back this week with silver seeming to be going up. Any news?
I really want it to stay above $20 till January 19 when some $20 puts I sold expire.
Toofuzzy
3 Gold Stocks to Buy Even If Gold Doesn't Rise
Motley FoolDecember 14, 2017
3. Wheaton Precious Metals
Though once called Silver Wheaton, Wheaton Precious Metals is now a bona fide precious-metal streaming powerhouse. It has interests in numerous world-class assets, including silver and gold streams at Hudbay Minerals' Constancia project and Vale S.A.'s Salobo and Sudbury mines. All told, Wheaton Precious Metals has around 20 precious-metal streaming agreements with the most respected mining companies in the world, including Goldcorp, Vale, Glencore, and Barrick Gold.
Recent results have been less enthralling. Gold production for the third quarter fell 15% year over year, but this was expected, because Wheaton ratcheted down its share of the gold produced in a few of its mines.
Looking toward the future, things get a little more shiny. Management reiterated its production guidance for the year in its third-quarter conference call, estimating the company will produce 340,000 ounces of gold and 28 million ounces of silver for fiscal 2017. This figure is expected to hold steady for the next five years -- which is a boon for investors, as it doesn't include the company's share of Barrick Gold's Pascua-Lama project or Hudbay's Rosemont mine. In a recent investor presentation, management noted that should these stakes play out as expected, Wheaton would see an estimated 45% increase in total silver and gold production.
Lastly, with the ship holding steady, management took the opportunity following Q3's results to declare a quarterly dividend of $0.09 per share -- 50% higher than last year. This payout has plenty of room to run as it is set at 30% of the company's average operating cash flow from its previous four quarters.
https://finance.yahoo.com/news/3-gold-stocks-buy-even-141600649.html
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