Great interview! I'm with you on silver Tony. I still have 3 positions been holding a long time and they're up, but for the past several years silver has been asleep like Rip Van Winkle!

This is a brilliant and helpful piece. The big problem here is that the SEC wants to regulate by who they know and trust rather than by a clearly defined rule. This is why some will be prosecuted and others won’t for identical behaviours. The big established names like JP Morgan have a budget to engage in a continuous dialogue with the SEC. But the innovators here are little startups with no budget for an ongoing and potentially never-ending regulatory conversation. This is why clarity around …