Market Curiosity: Exploring Markets And Systems

June 23, 2011

SLW update from Steve Sjuggerud – get ready to buy. And upcoming stock turning point might not be a high after all…

Filed under: Just Watching — Tags: , , — Jeff Fitzmyers @ 8:13 am

Silver Is Hated. Time to Buy. Here’s the Best Way… Take a look at this chart… It’s my valuation indicator for Silver Wheaton. When the blue line is below the green one, Silver Wheaton is cheap. And when the blue line is above the red one, Silver Wheaton is expensive.

… and you get net cash flow of $1.376 billion. Multiply that by 20, and you get a fair value in 2015 of $27.5 billion for Silver Wheaton.

There is a Merriman turing point coming up on the 27th. Actually, in some ways it is all next week. I was hoping stocks would rally into that date, which they still might, but now I wonder. Certainly this price action is not very bullish.

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