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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (99924)	2/25/2021 7:56:13 AM
From: Goose94	Read Replies (2) \| Respond to of 202707

Wheaton Precious Metals (WPM-T) Industrial Alliance Securities Puneet Singh picked Wheaton Precious Metals as his best offensive pick. Mr. Singh rates the shares "buy," with a $90 target. Analysts on average target the shares at $79.58. Mr. Singh says in a note: "Our study on past cycles and past periods of volatility caused by yields led us to conclude that royalty equities are the first out of the gate once precious metals (PM) prices swing to the upside in a bull market and subsiding pressure from yields eases off. Our larger thesis on PM prices continues to be that given the record amounts of stimulus and more projected to be on the way, inflation will run rampant and benefit hard assets such as gold/silver. Silver prices are benefiting from their industrial applications in the recent reflation trade and technically, the Au/Ag ratio favours silver to outperform, just as it did in the last cycle (2:1 outperformance vs. gold). Additionally, WPM's stochastics are in the oversold territory. ... WPM has the highest exposure to silver (30-per-cent revenues) and is our best offensive pick in the short term."