Wheaton Precious Metals Corp (WPM)

[JohnCM]

A little unexpected to see SLW hammered like that today. Understanding it was a widespread massacre.

[chaostrader]

Its a great buy around these prices. I have 4500 shares. jmo

[JohnCM]

Buying after hours ...

[goldenpolarbear]

SILVER WHEATON TO-RELEASE 2014 THIRD-QUARTER-RESULTS ON-NOVEMBER 12, 2014

10/20/2014
TSX:SLW
NYSE:SLW

VANCOUVER, Oct. 20, 2014 /CNW/ - Silver Wheaton Corp. (TSX:SLW) (NYSE:SLW) will release 2014 third quarter results on Wednesday, November 12, 2014, before market open.

A conference call will be held Wednesday, November 12, 2014, starting at 11:00 am (Eastern Time) to discuss these results. To participate in the live call please use one of the following methods:

Dial toll free from Canada or the US:

888-231-8191

Dial from outside Canada or the US:

647-427-7450

Pass code:

24119433

Live audio webcast:

www.silverwheaton.com

Participants should dial in five to ten minutes before the call.

The conference call will be recorded and available until November 19, 2014 at 11:59 pm ET. The webcast will be available for one year. You can listen to an archive of the call by one of the following methods:

Dial toll free from Canada or the US:

855-859-2056

Dial from outside Canada or the US:

416-849-0833

Pass code:

24119433

Archived audio webcast:

www.silverwheaton.com

SOURCE Silver Wheaton Corp.

Patrick Drouin, Senior Vice President, Investor Relations, Silver Wheaton Corp., Tel: [phone], Email: [e-mail], Website: www.silverwheaton.com

Cheers,
GPB

[JohnCM]

$19.20 or less looks right ...

[JohnCM]

Stupid to short SLW $19.00 - $19.25

[mknhouston]

I think that someone bought 4400 shares short at $19.35. Little do they know but the SPY was up off close and they might have been naked shorted. JMO

[Pro-Life]

Overnight markets are tearing down silver... crazy... buying all I can.

[JohnCM]

Pretty simple "buy zone" for SLW. Sub $20.00

[Pro-Life]

Why Has Silver Wheaton Not Announced New Streaming Deals In A While?
Trefis Team , Contributor - 10/14/2014 @ 8:48AM

http://www.forbes.com/sites/greatspeculations/2014/10/14/why-has-silver-wheaton-not-announced-new-streaming-deals-in-a-while/

The Road Ahead

Considering the conducive commodity pricing environment for streaming agreements, demonstrated by the flurry of activity by its competitors, and the state of its finances, Silver Wheaton is in a favorable position for the acquisition of additional streaming deals. The company’s management has indicated this in its Q2 earnings conference call. It has also indicated that the company is pursuing potential new deals. It could just be a matter of time before Silver Wheaton announces the acquisition of a new precious metal stream. Perhaps the company is waiting for the right opportunity.

Please click the link above for entire valuable story...

[JohnCM]

I am visual and prehistoric when it comes to reading charts ...

I keep it simple ...

buy SLW sub 20.00

Sub 19.00 "silver light special"

IMO

Full disclosure, I placed limit order a couple weeks ago at $20.00 on the

number ...

[Toofuzzy]

MACD crossed which is a good signal

Toofuzzy

[JohnCM]

What does this tell you? Sub 19's if you can get them ...

[Toofuzzy]

I expect it to be volatile.

I am always right.

Not always
Toofuzzy

[JohnCM]

Above $20.00

As gold rises, gold miners plunge • 3:58 PM
Carl Surran, SA News Editor
•The price of gold may be rising, but gold mining stocks are getting hammered today; after all, "they are still stocks," Barron's Johanna Bennett writes.
•Gold prices rallied today to $1,234/oz., their highest level since Sept. 23, a day after the dovish minutes from the Fed’s September policy meeting excited gold bugs, but shares of the mining companies are falling along with the broader market selloff.

[Mrxstocks]

What price u expected slw to be

[JohnCM]

Anything sub 20 is a thing of beauty ...

[Toofuzzy]

Bought some more at 19.38

Toofuzzy

[HONU]

History will show that strike price to be a stroke of genius. Fields of silver await.......

[JohnCM]

It was hard to stick with gameplan, but 20 or less for SLW will holdup.

[chemist99]

the $ runup is the surefire sign the breakdown is coming. never been a better time to buy physical PMs imho...

http://www.shadowstats.com/article/no-617-special-commentary.pdf

[JohnCM]

Seeking Alpha

Silver Wheaton's Increased Production Will Support The Company
Oct. 6, 2014 2:55 AM ET (SLW)

"Constancia mine in Peru will start delivering metal to Silver Wheaton in the first quarter of 2015.
The Salobo mine in Brazil and the Totten mine in Canada will spin off increased production from 2015 onwards.
The San Dimas Mine goes from strength with two announced expansions this year. Presently mine expansion is approved at 3000 tonnes per day.

Even though the exploration part of the mining industry is suffering from a lack of capital, Silver Wheaton (NYSE:SLW) is still in good shape with many of their partnering projects now about to go into full operational mode. This makes me bullish on Silver Wheaton because as many mining companies are undergoing cash cutting measures in order to survive (and as a result extract less metal), streaming companies such as Silver Wheaton should be able to weather this drawdown better because their costs are fixed. Moreover RBC capital has an outperform rating on this stock and has actually increased its projection this year up to $38 from $35 a share. Therefore lets look at where Silver Wheaton's increased volume will come from which should result in a higher share price going forward.

This article was sent to 21,506 people who get email alerts on SLW.
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First up is the agreement they have in place with Hud Bay Minerals at the Constancia mine in Peru. Silver Wheaton expects the switch to be turned on there at any time and the CEO Randy Smallwood expects to receive first shipments from the mine in the first quarter of 2015. Silver Wheatons agreement is to get 100% of the Silver and 50% of the Gold for the life of the mine. Smallwood believes the mine will average between 3 and 3.5 million of silver annually which should give a mine life of 16 years as the proven and probable reserves stand at just over 61 million ounces of silver.

Secondly production will increase at Salobo (a Gold mine operated by Vale in Brazil where Silver Wheaton receive 25% of the Gold). There was a second line activated this year on the 5th of June so production will more or less be doubled from this mine going forward. In the last quarter, 8,486 ounces of Gold was produced from Salobo so expect this figure to eventually double in the months to come. Also Silver Wheaton has another streaming agreement in place with Vale (NYSE:VALE) at their Sudbury project in Canada. In total there are 6 mines in this project and one of them (the Totten mine) is about to be started up very shortly so definitely Sudbury will be supplying Silver Wheaton more Gold from 2015 on.

Finally, probably the jewel in the crown is the San Dimas mine in Mexico which is operated by the Primero Mining Corp (NYSE:PPP). This mine has been in operation for over 100 years and is one of the most low cost gold and silver producing mines in the world. This is really important for a streaming company like Silver Wheaton. Even though costs are fixed on their side (Average cash cost of silver is $4.17 an ounce), a productive mine is imperative because it usually means high volumes of metal delivered every quarter. In fact, Primero announced this year that they are expanding the mine from 2500 tonnes per day to 3000 tonnes per day. This will definitely mean more silver for Silver Wheaton going forward.

Therefore to sum up, it would appear that Silver Wheaton may be able to withstand this gold and silver correction better than some popular mining companies out there. The reason being the companies they work with and the assets they have on their books. Their numbers should definitely spike soon and if this is combined with a spike in the silver price, the company could rally beyond beat RBC's estimate."

[HONU]

Newsletter I subscribe to profiled, with charts a breakdown in the Dollar relatively soon. I know the commodity portion of my portfolio has suffered greatly during its run up. Ready for the change, LOL !!

[JohnCM]

Can this parabolic move last thru next week?

[HONU]

Agreed, running inverse of the parabolic dollar. Reversal is imminent.

[JohnCM]

Ultra Short Silver is parabolic. It must burn out soon ...

[optionslearner]

Seems like something to consider in a Big way! Looking at little Alexco that Silver Wheaton did an amended agreement with recently. The prices look very interesting and ripe for picking!!!

[bilyjak]

With gold softening again this morning I think I'll wait a bit.

[JohnCM]

I am going to pick up a few at $20.00 today ...

[JohnCM]

Check out the RSI(14)

Will enter at 20

[JohnCM]

Give me 19's and I will be happy, regardless what happens to spot SILVER.

[mknhouston]

Don't be fooled by these marketeers trading shares among themselves, they are working the stock to attract new money (sheeple) to be slaughtered. Remember it is the 2nd rat that gets the cheese. Fist rat is dead and gone but the trap has been sprung.

[mknhouston]

It is clear now that the marketeers are in total control of SLW and they don't want to give up anything to the sheeples. There are deep pockets holding out for a reversal and it appears the manipulators are saying no reversal coming anytime soon. JMO

[JohnCM]

I guess 20.5 will do ...

[bilyjak]

OK. I may not wait for the teens. It's starting to look tempting again.

[JohnCM]

If you see SLW available in the teens ...

... I demand that you make a purchase.

[bilyjak]

Just to keep it real I did sell my SLW holdings when gold and silver flattened out. I will take another look at this if the pps goes back down to $24

[dw3444]

SLW Retrace may be down to 24.75 soon. If Wave C = Wave A down from 27.66. Wave A was 4 days, Wave B topped this morning at 26.94 so Wave C and retrace completion may be Friday near 24.75.
Any TA folks around? Like to hear your opinion.

[Tibby]

SLW sold the deal with ABX to their shareholders without doing a complete due diligence and as such misguided the value of the relationship in the silver reserves and the potential stock value that these reserves would bring in stock valuation.
They will be, in time, penalized heavily for this as there has never been any contraction or clarification as this would bring serious negativity for Barrick's efforts in hidding the evantual fallout of Pascua Lama's fraudulent ownership claims.
Call SLW and ask them how ABX is doing in the Supreme Court of Chile on the claims issue of Mina Pascua!

They were thrown out of court last friday on delay tactics!

Barrick moves the mine as they need based on litigation.

Seems to me there should be mineral deposites where they plan to mine.......................NOT!

[randymarsh]

I am all ears when it comes to potential liabilities with SLW, but you have failed to demonstrate any connection between Barrick's fraud against it's own shareholders and SLW.

SLW made the secured loan to Barrick for Pascua Lama. Barrick couldn't open the mine because they underestimated the environmental costs, so SLW gets paid back in silver and gold from some of Barrick's other mines.

SLW makes money off this deal no matter what.

I think Barrick simply didn't realize that many South American countries are not banana republics anymore.

[Tibby]

IMO .... SLW will have serious issues when the news of Pascua Lama gets out to the mainstream. Silver Wheaton was remiss in their duties in validating the project at Barrick's word and as such will be complicit in the fraud of the whole project, tax traty and all...............


http://finance.yahoo.com/mb/ABX/#mbt=Chile%2520courts%2520s%25u2026&mbl=http%253A%2F%2Ffinance.yahoo.com%2Fmbview%2Fthreadview%2F%253F%2526bn%253D31fefc0e-570c-3386-8f2a-6d4b38c6490d%2526tid%253D1406216441665-000918a0-d403-40ad-bdbe-5087ec0360ce%2526tls%253Dla%25252Cd%25252C1%25252C3&mbtc=mb-tab-topic

[Toofuzzy]

It will be volitile.

Toofuzzy

[randymarsh]

If gold and silver don't move at all, than SLW will probably bounce between $25-$29.

If this Israel/Palestine powder keg blows, metals will have a good run, and SLW could go well into the $30-$40 range.

[bilyjak]

Gold & Silver just flattened out. Not sure what SLW will do.
Any thoughts out there?

[Tibby]

For those of us who can read here is what Barrick provided SRK with and who went thoroughly through the info and provided SLW with a mining report.Silver Wheaton lent Barrick $675.000.000,00 against this data for silver production they will never see from Pascua Lama:

Good reading and has all the data as provided at the time and SLW has not been altered since this went out to shareholders.

BARRICK HAS NO TITLE TO THE CHILEAN SIDE OF THE PROJECT WHERE THE MAJORITY OF THE ORE IS LOCATED!

http://www.silverwheaton.com/Theme/SilverWheaton/files/docs_silver%20streams%20tech.%20reports/2009-10-28_Pascua-Lama_TR_(amended%20FINAL)%20(2).pdf

[randymarsh]

With the turmoil around the globe, and the poor economic outlook, Gold and silver should do well this year.

SLW is a great long term company, and offers plenty of opportunity to make money flipping it.

I would buy more if it goes back below $25.

The dividends alone are far more than any bank will offer.

[Toofuzzy]

Why the big drop in price in SLW compared to silver yesterday? Any news I didnt see?

Toofuzzy

[bilyjak]

GUT CHECK TIME! Am I really confident gold and silver will keep going up. Yes. I think SLW will follow both up to new 52 wk highs. Might take until next year but hey, my bank isn't going to start paying me higher interest rates so WTH. JMO

[bilyjak]

SHOW ME THE MONEYYYYYYYY!!!!!!! Laughing all the way to the bank.

[HONU]

LOL!! Yeah baby, this is only the beginning !!