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Re: Mining Stocks Are Still Lagging...SLW *PIC*

Silver Wheaten is now also pushing into the red on the day, with price getting turned back at the $44 resistance level as well as the 20dma.

For a company that gets to buy all its Silver as a byproduct from other miners for around $4 an ounce, and sell it at spot (10 times current levels), the recent underperformance on this one is a little strange, especially considering that SLW is not exposed to the same risks as traditional mining stocks (rising input costs such as crude or copper for example)...interesting...

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Re: Mining Stocks Are Still Lagging...SLW *PIC*