Wheaton Precious Metals (WPM.TO)

We have had some bad news for quite a while. It is in a downward trend, below its 20 day moving average and performing below the TSX so it is not looking very good. Mid July until Oct is seasonal trade. Watch it and he thinks you can play this one within the next couple of months.

His favourite way to get exposure to silver. Trading at net asset value. Risk reward is good. 5% free cash flow. 2% dividend.

Seems it is waiting until June or July to buy these things. Buy on weakness in the summer.

Silver is one of the most volatile metals. You could get some and put a stop loss at the low from a month ago. He is looking for a more meaningful turn on this stock.

(Market Call Minute) Silver price had fallen 50% in last couple of years and he thinks it is overdone on the downside.

Silver will do well in January, February and March when gold doesn’t. However, it didn’t happen this year. It basically got sucked down with gold.

Probably a long-term Buy but you can afford to be patient. Silver price is down to about $23. This is one of the ones in the precious metals area that he likes from the longer-term point of view because it has very good volume growth. Margins a very wide and they have low overhead. If he was a trader, he could consider buying this for a flip.

Owns this in more aggressive accounts on the metals side. Can’t quite understand why there is a level of panic. Silver is an industrial commodity as well as precious metal. They don’t own any mines. It is basically paid a tariff on funds it has lent in the past. If you are going into silver market, this is one of the safer places. Probably worth looking at on this price level.

A silver royalty company. Good investment if you want exposure to silver. They take the money off the top line so you don’t have to worry about operating costs of mines. Also, they have recently purchased a royalty company in gold.

Great way to play silver. What is silver going to do? Thinks it could pull back a bit. Time to nibble a little bit up to a third or half of your position. It could test 52 week lows over the next two to three months.

Silver is something that he has never had good luck at. Silver is a very volatile investment. The first place it would settle at is right where it is otherwise it goes down to the $25 area. The herd mentality is overwhelmingly negative.

Sandstorm Gold (SSL-T) or Silver Wheaton (SLW-T)? Depends on your risk profile. Sandstorm is a smaller cap royalty play. With this one, you are really going with a larger cap that plays with the bigger companies.. Sandstorm is a lot riskier as their royalty deals are more with the junior mining companies.

We are at the $31 level which is exactly where support lies. Whenever we come back to support we want to see it bounce off it and prove it can hold rather than blowing through to the downside. If it holds it will be reasonable as a trade. Silver itself is looking pretty oversold and may be in for a bounce.

Great way to play the silver sector. But silver will be volatile so you have to be comfortable with it. Would be a good way to play silver if you think it will come back.

When we get a breakout in silver, he is going to recommend this stock to clients. Have just increased their reserves. No execution risks, which he likes. Good proxy for silver.