Print the page
Increase font size

Posted January 29, 2021

Byron King

By Byron King

Fair and Equitable Pay

Aaron GentzlerWe received a number of well-reasoned (and courteous) responses on the issue of maximum wage.

Our first reader says: I like the idea of a National Maximum Wage of $1 million per year. Another consideration would be a maximum pay ratio of highest to lowest pay.

Top pay to bottom pay can't be more than 30:1 which it used to be post-WWII and up until Reagan's failed supply-side economics tax cuts, coupled with overturned financial regulations, instigated the largest transfer of wealth in history.

We currently have pay ratios of 500:1, even 1,000+ :1. This destroys a country, leading to over-consumption and excessive exploitation of resources (human and otherwise). Apply a maximum pay ratio, and we might be able to attain a more fair and equitable society.

Another contributor offers this counter-argument: Market price discovery means that the market for that good or service needs a minimum and a maximum, and that is set by the market. Artificially setting maximum earnings for anybody decreases efficiency and initiative.

A perfect example? A friend from Canada told me there is a limit to what certain doctors can earn there. So what do they do? They work like crazy until they hit the maximum they can earn, then take the rest of the year off.

Also, whos to say what the maximum for any particular job is? Does a brain surgeon get the same maximum as, say, a dumpster driver?

The day that we start setting maximums is the day our descent into woke socialism is finalized and woe betide this country if that ever happens.

Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.

Your Rundown for Friday, Jan. 29, 2021

Silver $1000?!

A speculative frenzy has entered precious metals

Silver miners shares spiked and the largest silver exchange-traded fund, iShares Silver Trust [SLV], saw a frenzy of option buying after the market emerged as a target on the Reddit forum r/wallstreetbets, Bloomberg says.

Daniel Pavilonis of RJO Futures notes: "There's an uptick on Reddit's WSB when it comes to SLV. It is a short-covering rally type of play to try to front-run it and push it higher. SLV needs to buy futures to balance the rising interest as well, pushing prices higher.

And on a Reddit page, we find this heading: THE BIGGEST SHORT SQUEEZE IN THE WORLD $SLV SILVER $25 to $1000.

But regardless of the Reddit scheme, its critical investors know theres a distinct difference between whats happened with GameStop this week and silver

Silver has good fundamentals and a very supportive macro environment, Kitco says. Silver's primary drivers this year are inflation, stimulus, economic recovery and supply shortages.

Mr. Pavilonis says: "If we see a period of inflation as we did in 1970-80, silver will do well If we break out of the $29 level, there is open air space all the way back up to $50.

At the time of writing, silver is up almost 6% to $27.42.

Market Rundown for Friday, Jan. 29, 2021

The S&P 500 is down 15 points to 3,765.

Oils up about 1.4% to $53.06 for a barrel of West Texas crude.

Gold is up about 2% to $1,873.60 per ounce.

Bitcoin is flying: up more than 10% to $37,850.

Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.

Have a relaxing weekend -- take time to unplug and recharge.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

Brace for Impact

Brace for Impact

Posted July 30, 2021

By Aaron Gentzler

DG continues to be a great stock to recession-proof your portfolio.
Lockdowns? Again?

Lockdowns? Again?

Posted July 28, 2021

By Aaron Gentzler

“[AI] is expected to add $15 TRILLION to the world economy in the next decade,” Ray Blanco says. “The ‘when in doubt, regulate’ approach is not going to work.”
   Suspicious Timing (Wells Fargo)

Suspicious Timing (Wells Fargo)

Posted July 26, 2021

By Aaron Gentzler

Infrastructure is the hot-potato issue that’s been put off for decades. Will crumbling infrastructure finally get the attention it deserves?
Australia’s Resurgence

Australia’s Resurgence

Posted July 23, 2021

By Aaron Gentzler

The Delta variant raises a critical question: Will vaccinated folks need a booster shot?
Getting Along in the Lone Star State

Getting Along in the Lone Star State

Posted July 21, 2021

By Aaron Gentzler

As for Monday’s sell-off, we think it was a rational, contained market blip -- just one of those corrective days. Particularly for one winning consumer staple…
   The Dominoes Fall

The Dominoes Fall

Posted July 19, 2021

By Aaron Gentzler

We learn this morning that the stock market’s hit the skids… How to position your portfolio?