preachersb

The Silver Wheaton Valuation Method, Part 1: Valuing Impact Silver

Thankyou for showing us that silver wheaton's stock is greatly overvalued. Silver has no purpose. That is why companies sell it for $3.90 an ounce. They can't get rid of it. Silver wheaton's attempt to form a debeers or opec for silver hasn't worked. They cannot sell enough silver to make the whole thing work. That explains why goldcorp sold their 48% stake. NOTE: I do not believe silver wheaton can sell their silver at current spot or futures prices. The market is so thin. Any attempt to sell large quantities of silver would be meet with huge price drops. GOD BLESS Y'ALL!

A Rebound in Inventory at GLD

Everybody speaks of a third leg. To have 10% of your net worth in gold (7.5%) and silver (2.5%) is good. Gold dropped $18.00 in an hour today. Goldcorp sold its 48% stake in the largest silver owner in the world, leaving it technically bankrupt. I believe the US$ has made a bottom. If silver wheaton has to dump silver to pay its debt, silver may plunge. The one world government has a reason to support gold not silver. GOD BLESS Y'ALL!

What’s Behind the Slide in Gold and Silver?

Warren Buffett often uses his reputation to make a quick buck at the expense of others! The latest crash in silver was caused by goldcorp selling it's 48% stake in silver wheaton, leaving silver wheaton functionally bankrupt. If silver wheaton is forced to start dumping silver, silver is back to $5.00 very quickly! GOD BLESS Y'ALL!