Siilver Wheaton Corp., together with its subsidiaries, operates as a silver and gold streaming company worldwide. The company has 20 long-term purchase agreements associated with silver and gold relating to 23 mining assets. Its principal portfolio includes silver and precious metal streams on Barrick’s Pascua-Lama project on the Chilean/Argentinian border, Hudbay’s Constancia project, and Vale’s Salobo and Sudbury mines. The company was founded in 2004 and is headquartered in Vancouver, Canada. It must be stressed that Barrick’s decision to scale back development of Pasqua-Lama has little effect on Silver Wheaton who will simply take additional Silver deliveries from Barrick’s other mines to satisfy the shortfall from Pasqua-Lama.
The Astrology of Silver Wheaton is quite interesting and was the subject of a review in my recent Astrology E-Alert.
On the weekly chart shown above , I have overlaid the Fibonacci retracements that align to the 2009 through early 2012 share price rally. I have circled 5 occasions when price action hit upon a retracement level. These retracement occasions also align to astrological events. As I have said before, such confluences are what keep me fascinated with astrology and esoteric math as tools to assist with trading and investing.
To learn more about Silver Wheaton, its astrology and the Astrology E-Alert, click here…