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Money, money, money, money…

Well, this was quite the week. Just as we thought we recovered from the Fed Chairman’s remarks up on Capitol Hill, new challenges popped up.

Let’s dig in…

Setup

The big drivers over the past few days have been the raising rates for 10-Year Treasury Bonds. With rising rates, the markets got the jitters that the smell of inflation is in the air. Unfortunately, Mr. Powell’s comments yesterday did nothing to calm fears.


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Industrial Copper — Where’s all the silver at?

Every investor is susceptible to tunnel vision. It’s one of the biggest dangers of a pure technicals trading approach. You can miss the details or other things sneaking up. This is why most research tools provide industry comparisons on fundamentals and other metrics. Because only in context, can certain things make sense.

Metals are no different. We can’t look at a single metal in a vacuum and expect the revelations of the universe to enlighten our understanding. We have to take a broader view. Unfortunately, that can present a few challenges. But, the effort is worthwhile.

For the last several…


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Today, we had the word from on high as part of the normal, period economic report from Fed Chairman Powell to the Senate Banking Committee. While most of it was couched in the typical hesitation and measured tone, there were some interesting nuggets thrown out to astute observers.

Before we dig in with my own assessment, here are some references if you want to play along at home:

Monetary Policy Report (PDF from Senate Website)

Recorded Testimony (COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS website)

Key Takeaways:

  1. The Chairman repeated several times that inflation is upon us. In questioning, he asserted that…

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We’re midway through February and a couple weeks past the fizzled #silversqeeze that both was and wasn’t pushed in Reddit. Most of the nation is gripped in the dark embrace of frosty weather. In light of that, let’s look at the situation:

Setup

Notably this week we had a brouhaha surrounding Blackrock’s iShares SLV Silver Trust updating their prospectus. While this captured the hearts and tinfoil-wrapped minds of YouTube “experts” everywhere, it is much ado about nothing. I have a piece detailing it here.

Across the larger market, on Thursday, the House of Representatives decided to inject their thoughts and wisdom


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I told myself I wasn’t going to watch the RobinHood hearing. I lied to myself though and found my hand clicking on the stream though. Since I found my attention there, I figured I should at least give my $0.02.

I had an idea of what would occur, which was a big reason I tried to avoid it. Luckily, my prediction held up.

For those interested, and for context, the meeting is here.

First, the good:

This hearing was like getting a master class in financial system organization. Everything from settlements, capital requirements, and order flow was discussed. …


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“The sky is falling!”

Exasperated YouTubers and bloggers in the metals niche have spent the last week waxing poetically about a new change that appeared in the iShares SLV prospectus for their massive silver ETF. If you spend any time around the market, it’s hard to miss. Some are taking it as indications there’s a run on silver. Some are pushing a narrative that our friends at reddit squeezed to great effect. Some are claiming it doesn’t matter because nothing exists anyway.

It can get daunting. Quick.

I’ve personally spent way too much time reviewing the prospectus, listed filings, and…


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You can’t go further…

“I’ve been in business for about a year and I’ve done well in revenue, but I’m killing myself to get to this point. If I go another year doing this, I can’t consider myself successful. It’s just not healthy.”

This is a story as old as time and one I hear all the time. When thinking of startups, we usually picture the VC-backed, tech juggernauts stampeding across the world fueled by vision and force of will. Yet, there’s a massive number of startups that are clawing their way to measurable success. Every day brings new challenges.

If I had to…


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Several years ago, I was interviewing for an assistant professor position at the college I had been teaching at as an adjunct. Part of the process involved sitting with the provost and having a face-to-face interview. During this portion, he asked me what I would change about the current program. My response, which likely cost me the position, was simply that we needed to provide more classes before we gave our stamp of approval on graduates. As I saw him recoil in horror at the thought, I realized that was the wrong answer.

Since that time, I’ve had a lot…


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Choosing to go down the path of founding a startup is often a pretty lonely and frustrating experience. It’s not all upward momentum and explosive growth. Sometimes it’s a tidal wave of disappointment and feelings of utter failure. It’s not uncommon for the well of optimism to run dry.

It’s in those darkest times that test who we really are. That is where experience is built and makes the wins that much sweeter. But, finding that strength to get up, wash our face, and point ourselves toward the world with enthusiasm can feel next to impossible.

This is compounded by…


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Everyone, deep in their heart, wants to see their startup become wildly successful; however, it’s amazing how many founders doom them to failure. Having worked with a lot of startups and companies at various stages including doing a fair number of postmortems, there are a few lessons to be learned.

So, let’s do our countdown of the three best ways to kill your startup…

Number Three: Pursuing Perfection over “Working”

We all want our dreams to be realized in a perfect embodiment of quality and execution. No one dreams of releasing a new product into the world held together by duct tape and bailing wire. No…

Brad Bartram

I am a technical strategist and thinker who enjoys writing on the finer aspects of technology, business, compliance, and finance.

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