Speculators Are Why Commodities Are So High

New York’s COMEX exchange has upped by 84% the amount of money that must be on deposit by speculators in order for them to borrow money to buy silver futures.  This is just the latest rise in margin costs (i.e. borrowing costs) implemented by the COMEX since...

Jobless Claims Creep Up

Jobless claims creeped up a whopping 43,000 last week to a total of 474,000 last week according to U.S. Department of Labor data.  This is the highest level of jobless claims since August, 2010.  Because the data can frequently be volatile folks generally look at the...

Wall Street is a Cult

I have to confess that I struggled with the title of today’s blog post.  Let me begin to tell my story, and if any of you have any suggestions as to a better title, please feel free to leave it in the comments section of the blog. For centuries investors have...

Anecdotal Evidence of a Stock Market Fairly Valued

My regular readers might have noticed that I have not posted about the financial markets much in the last 10 days or so.  My goal is to interpret the mass of news flow out there and deliver to you prescient analysis and commentary on the important news story of the...