Why I'm telling friends to avoid gold stocks

Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."

And if you’d like to get your hands on this, here you go, the complete breakdown.

Richard Press Biography and Net Worth

Director of Green Brick Partners

Before retiring, Mr. Press was a Senior Vice President at Wellington Management from 1994 to 2006, where he started and built the firm’s insurance asset management practice. Prior to that, Mr. Press was a Senior Vice President of Stein Roe & Farnham from 1982 to 1994 and Scudder Stevens and Clark from 1964 to 1982. Mr. Press sat on various committees of the Controlled Risk Insurance Company of The Harvard Risk Management Foundation from 2006 to 2017. Previously, Mr. Press was Chairman of the Board of Anaesthesia Associates of Massachusetts, and served as a board member and chairman of each of Transatlantic Holdings (NYSE: TRH) from August 2006 to March 2012 and Pomeroy IT Solutions (NASDAQ: PMRY) from July 2007 to November 2009. He served as a board member of the Housing Authority Insurance Group from 2008 to 2015. He was a founding member of the Board of Governors and the Advisory Board of the National Pediatric Multiple Sclerosis Center, Stony Brook University and Medical School, New York (2001 – 2013). He is currently a director of Millwall Holdings PLC and Millwall Football Club. Mr. Press earned a B.A. from Brown University in 1960; and after serving in the US Army, he received his M.B.A. from Harvard Business School in 1964.

What is Richard S. Press' net worth?: The estimated net worth of Richard S. Press is at least $57,630.00 as of May 6th, 2024. Mr. Press owns 1,000 shares of Green Brick Partners stock worth more than $57,630 as of December 21st. This net worth approximation does not reflect any other investments that Mr. Press may own. Learn More about Richard S. Press' net worth.
How do I contact Richard S. Press?: The corporate mailing address for Mr. Press and other Green Brick Partners executives is 2805 Dallas Pkwy Ste 400, Plano TX, 75093. Green Brick Partners can also be reached via phone at (469) 573-6755 and via email at [email protected]. Learn More on Richard S. Press' contact information.
Has Richard S. Press been buying or selling shares of Green Brick Partners?: Richard S. Press has not been actively trading shares of Green Brick Partners in the last ninety days. Most recently, on Monday, May 6th, Richard S. Press bought 1,474 shares of Green Brick Partners stock. The stock was acquired at an average cost of $57.44 per share, with a total value of $84,666.56. Following the completion of the transaction, the director now directly owns 1,000 shares of the company's stock, valued at $57,440. Learn More on Richard S. Press' trading history.
Who are Green Brick Partners' active insiders?: Green Brick Partners' insider roster includes Harry Brandler (Director), Richard Costello (CFO), David Einhorn (Co-Founder & Chairman of the Board), John Farris (Director), Kathleen Olsen (Director), and Richard Press (Director). Learn More on Green Brick Partners' active insiders.
Are insiders buying or selling shares of Green Brick Partners?: In the last year, Green Brick Partners insiders bought shares 3 times. They purchased a total of 3,474 shares worth more than $188,916.56. In the last year, insiders at the financial services provider sold shares 2 times. They sold a total of 1,040,000 shares worth more than $60,070,800.00. The most recent insider tranaction occured on July, 11th when Director David Einhorn sold 1,000,000 shares worth more than $57,800,000.00. Insiders at Green Brick Partners own 31.5% of the company. Learn More about insider trades at Green Brick Partners.
Information on this page was last updated on 7/11/2024.

Richard S. Press Insider Trading History at Green Brick Partners

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
5/6/2024	Buy	1,474	$57.44	$84,666.56	1,000
3/11/2024	Buy	1,000	$51.84	$51,840.00	88,063
3/8/2024	Buy	1,000	$52.41	$52,410.00	87,063
5/8/2023	Sell	20,000	$49.60	$992,000.00	79,662
12/27/2021	Sell	5,000	$30.05	$150,250.00
3/11/2021	Buy	10,000	$22.00	$220,000.00	96,281
6/27/2018	Buy	20,000	$9.49	$189,800.00	53,623
5/23/2016	Buy	10,000	$7.05	$70,500.00	16,127
6/26/2015	Buy	10,000	$10.11	$101,100.00

Richard S. Press Buying and Selling Activity at Green Brick Partners

Green Brick Partners Company Overview

Green Brick Partners, Inc. is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes. The Builder operations Southeast operates builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to our controlled builders or sold to third party homebuilders. It also provides financial services platform, including mortgage and title services. In addition, the company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. Green Brick Partners, Inc. was incorporated in 2006 and is based in Plano, Texas.

Today's Range

Now: $57.63

$56.21

$58.39

50 Day Range

MA: $71.13

$56.69

$83.78

2 Week Range

Now: $57.63

$48.38

$84.66

Volume

697,143 shs

Average Volume

383,833 shs

Market Capitalization

$2.56 billion

P/E Ratio

7.48

Dividend Yield

N/A

Beta

1.8