Monday, June 12, 2006

SILVER WHEATON (SLW) & Royal Gold (RGLD)

The sharp and quick gold & metals correction is coming to an end. The precious metals stocks complex was hit hard the last couple of weeks and probably good buying opportunities are all around.

Royal Gold and Silver Wheaton are stocks that usually tend to recover quickly, I suggest to follow them closely for a potential nice bounce.

Royal Gold (RGLD) is close or already completed ABC correction after 5 waves up, the price is close to 2 years up trend line.

Silver Wheaton (SLW) was hammered strongly to as low as 7.21$ - this bottom should hold. Strong rally will follow once the short term trend line is broken.

SILVER WHEATON (SLW)

Royal Gold (RGLD)

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