Most of us expected mining stocks to get hit when the broad averages finally collapsed. Take a look at the hourly chart of this stock before you despair, however, since the carnage has been far worse for companies not in the gold or silver business. I’ve reproduced a chart of Apple on this page today as well, and as you can see for yourself, Silver Wheaton’s chart looks no worse. We continue to hold the September 42/46/50 call butterfly for $1.04.