The post Silver Wheaton Doing Well appeared first on Phantasmix.com.

I don’t remember if I already blogged about this, but anyway – recently I was looking into peer-to-peer lending. My friend moved to the States and now enjoys numerous options for this. Unfortunately in Canada it’s no longer possible, not the same way as in the US anyway. Here you can do a private loan (via the bank, with lawyers and all that jazz), or simply donate the money on sites like Kiva.

Neither of those ideas appealed to me, so I looked for other peer-to-peer financial services, and accidentally came across Bullion Vault (again). It’s not related to lending, but an interesting concept nonetheless. It’s a peer-to-peer bullion exchange network. They bill themselves as “Ultra secure silver and gold bullion for private investors, with international storage, and always at wholesale gold and silver prices.”

I registered there 3.5 years ago because they were giving away a gram of gold with an initial deposit made within a certain period. I know, the incentive is tiny but c’mon, free gold? Then my brokerage added precious metals trading option and I lost interest in all other sources, especially since the terms were about the same – you would bid on other people’s gold, like you would on Ebay.

But, this year BullionVault added an option where you can buy your metals at the daily London gold fix prices. So what, right? I wouldn’t look twice at it, but there are 2 things that I find interesting here:

• Purchased gold and silver is held in either Zurich, London, New York, Toronto or Singapore depending on the client’s preference (Zurich, yes? Or Toronto, for easy access?)
• BV is backed primarily by the Rothschild family. I said “interesting”, not “awesome” Who knows the implications, really
  

On another note, they have a cool little Flickr set called “Just Gold”, where I picked up this dreamy picture.

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Valcambi have a few interesting charts on their Charts page. Here’s one:

1-5 DOW/Gold ratio can be achieved in two ways: either gold will go up, or the DOW will drop.

I’m betting on gold going higher. Crazy as it sounds, I believe there’s going to be a major war in a year or three. There, I said it.

EDIT: Here’s an even longer-term chart from elsewhere. Not sure what technical scenario applies here. Does every new peak exceed the previous? or will it only work 3 times and the pattern will change? More questions than answers, sorry.

The post Long Term Gold Charts from Valcambi appeared first on Phantasmix.com.

This is a continuation pattern – a descending triangle. Thankfully it’s not huge, the drop shouldn’t exceed $3. At that point it will have good support, and should be sufficiently oversold for some kind of bounce.

The post SLW March 20 Update – Bearish Descending Triangle appeared first on Phantasmix.com.

While I’m waiting, I’m making money on writing covered calls.

Current price: [[SLW]]

Covered Calls calculator

The post $SLW Mildly Bullish appeared first on Phantasmix.com.

Oscillators say the stock is overbought at these levels, I’m hoping for a mild correction if there’s one.

The post $SLW 3-Year Chart appeared first on Phantasmix.com.

Seems to be disconnected from silver. Wonder what can push it out of the channel?

Last trade: [[SLW]]

The post $SLW Chart Update appeared first on Phantasmix.com.

Of course, a lot of the searches are for meDals, not meTals, especially during the Olympics. Still, gold is more popular lately, by about 20%:

Gold

Silver

Gold vs Silver Price Chart

Silver is the lagging black line with the price scale on the left.

The post People’s Choice: Gold vs. Silver $GLD $SLV appeared first on Phantasmix.com.

Time to write another one. Based on the chart below, I’m thinking of writing one that’s, again, in the money and maybe a year or two out. I think the stock price will be lower than today at some point which should give me a chance to buy the call back lower. And that kinda sucks ’cause I still have some free-floating, unprotected stock. Oh well.

Trying out a new chart style, monochrome. Red lines are the negatives, green – obviously – the positives.

And here’s a page from a 1934 catalog. I’m calling it “The Joys of Inflation, or See It and Weep”.

The post $SLW Another Year, Another Covered Call, Plus a 3-Year Chart appeared first on Phantasmix.com.

This week come and hear Ian Telfer, Chairman of Goldcorp Inc. tell his entrepreneurial story. Mr. Telfer has over 30 years of experience as an officer and director of mining companies in Canada and abroad. In 2007, he was selected as Ernst & Young’s Entrepreneur of the Year.

The post Ian Telfer Talk, Toronto Jan 4 $GLD $GG appeared first on Phantasmix.com.