$17.06
-0.26 (-1.50%)
Silver Wheaton Corp. (USA) (SLW)
CAPS Rating:
A mining company which operates its revenue from the sale of silver. The Corporation is actively pursuing further growth opportunities, primarily by way of entering into long-term silver purchase contract.
RSS Headlines
Fool UK
Recs
It's not surprise that commodities have been pummeled this year along with their paper counterparts; their respective stocks (GLD, SIL, etc...) Silver Wheaton though is special. Not only are they still performing admirably considering spot silver is down about 50% from its $17/oz highs, but because their fixed cost contracts give them a huge edge over the competition. Face it, spot silver will not stay in the single-digits for long, especially in 2009-2010 when the hangover of "bail-out" mania devalues the US$ even further. This is why SLW is my 12-month+ play of the year.