SLW ( Silver Wheaton ) Priced in terms of Silver

8. Dez. 2013

The first structure in between vertical lines is impulsive, it may be labelled Wave (I) of a larger impulsive structure, or it may be labelled Wave (A) of a larger corrective structure.


Current sideway triangle corrective structure may end on late Jan.-2014 to early Feb. -2014, somewhere between
( 0.80 silver Ounce ) and ( 0.86 Silver Ounce ).


The sideway triangle pattern to the right may be labelled as Wave (II) of a larger impulsive structure, or it may be labelled as Wave (B) of a larger corrective structure.


The next wave structure to come will be upward rally. It have the following projections:

2.11 Silver Ounces per share ( Fibonacci level 1.618 of the First Wave - impulsive wave labelled 1-2-3-4-5 )
3.27 Silver Ounces per share ( Fibonacci level 2.618 of the First Wave - impulsive wave labelled 1-2-3-4-5 )
5.14 Silver Ounces per share ( Fibonacci level 4.230 of the First Wave - impulsive wave labelled 1-2-3-4-5 )


SLW ( Silver Wheaton ) shares move faster than Silver it self, and peaks before it.


If the pattern in the chart to complete the triangle at ( 0.86 Silver Ounce )
while Silver price at that time to be $19 --> then SLW share to be $16.34
$18 --> $15.48
$17 --> $14.62
$15 --> $12.90
$20 --> $17.20


If the next wave up to reach first projection as mentioned above: ( 2.11 Silver Ounce )
and Silver at same time reach $30 level --> SLW share will be $63.30 ( this is the worst scenario )


Silver next move up have two scenarios:

(1) Corrective wave up to the previous all time high at $50:

So SLW share can peak at $84.4 ( SLW peak while Silver near $40 ) ( mid case scenario )


(2) Impulsive wave take Silver to $100 level:

Strong rally like this easily motivate SLW to reach second projection stated above ( 3.27 Silver Ounce )

So SLW can peak at $245.25 ( SLW peak while Silver near $75 ) ( best case scenario )



So let's say you bought SLW shares while Silver price was $19 ( it can go lower than that )

--> SLW share price was something around $17.5, so

--> Worst case scenario: SLW share price peak around $63.00 ( 260% gain )

--> Mid case scenario: SLW share price peak around $84.00 ( 380% gain )

--> Best case scenario: SLW share price peak around $245.00 ( 1300% gain )