Market Commentary Blog Posts

Our custodian, Interactive Brokers, LLC, is increasing its margin requirements by at least 1/3 heading into the election. CNBC just posted the story here . I think this is a wise move on their behalf especially given the enormous leverage that is...Read more

BAD NEWS FOR RETIREES!...especially those living on a fixed income. Fed Chairman Jerome Powell made a highly anticipated announcement this morning the FED will make a significant shift in their approach to keeping a lid on inflation. In practice,...Read more

Disclosure: Our strategies are long SGOL, SIVR, CEF, NEM and PAAS and we may close or add to these positions at any time. We are actively seeking an attractive exit for some of these securities. Finally, here it is. An article on the futility of...Read more

Disclosure: Our firm is long CEF, SGOL, SIVR, PAAS, AU and NEM as of the day of this article's publication. Gold and silver prices have gone straight vertical the past week. We have precious metal exposure for our clients through three different...Read more

Disclosure: Our firm is short AGO. Why The Fed can’t bailout the US Muni bond market (i.e. why cities, counties and states are not like Greece and Puerto Rico.) Fragmentation The Muni bond market is terribly fragmented. You have hundreds of large...Read more

Many years ago, I had a meeting with a rep from Altegris Investments. ( Altegris Investments is one of the foremost authorities on Managed Futures strategies and other kinds of alternative investments.) In the meeting, he proposed a thought...Read more

Ten years ago today, the Dow Jones Industrial Index fell several hundred points in a matter of minutes and a few stocks like Accenture traded below $1 for a split second. It took a while but eventually, the US Justice Department unveiled the culprit...Read more

This past month, the near-dated WTIC contract (CL) went negative, which I assume is a first for any commodity contract. The May CL contract didn't just go negative but it went very negative. Now, this is not suppose to happen but at the height of...Read more