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.

Thomas Stenger Biography and Net Worth

EVP of Hope Bancorp

Thomas P. Stenger serves as Executive Vice President, Chief Risk Officer of Bank of Hope of the Company. Prior to joining the Bank, he was a Managing Director at PricewaterhouseCoopers from 2011 where he provided strategic leadership assisting financial services clients in enhancing their platforms to be responsive to recent regulatory directives and guidance. He also advised clients on developing and assessing their enterprise risk framework, identifying structural, functional and conceptual operating gaps in multiple disciplines including, market risk, credit risk and operational risk. Previously, Mr. Stenger was a founding partner of Mirror Lake Partners from 2008 to 2011 and was responsible for the risk advisory, treasury/liquidity management and investment portfolio practices focused on providing services to financial services, private equity and mortgage banking firms, as well as regulatory agencies. Prior to this, he served GMAC Residential Mortgage Corporation from 2001 to 2007, most recently as Senior Vice President and Chief Risk Officer. Mr. Stenger joined BankBoston in 1997 as Managing Director, Global Asset Liability Strategy, and following the acquisition of the firm by FleetBoston Financial Corporation in 1999, he served as Senior Risk Manager, Market Risk through 2001. He began his career with financial institutions in 1985 at Michigan National Bank as Vice President, Portfolio Management, before joining Chemical Bank in 1993 as First Vice President, Consumer Asset Management and then Chase Manhattan Mortgage Corp. in 1996 as Senior Vice President. Mr. Stenger earned his B.S. in Finance from the Michigan State University and his M.B.A. in Finance and Financial Management Services from Wayne State University.

What is Thomas Stenger's net worth?: The estimated net worth of Thomas Stenger is at least $290,335.76 as of December 5th, 2024. Mr. Stenger owns 23,452 shares of Hope Bancorp stock worth more than $290,336 as of December 25th. This net worth approximation does not reflect any other assets that Mr. Stenger may own. Additionally, Mr. Stenger receives an annual salary of $736,550.00 as EVP at Hope Bancorp. Learn More about Thomas Stenger's net worth.
How old is Thomas Stenger?: Mr. Stenger is currently 64 years old. There are 7 older executives and no younger executives at Hope Bancorp. The oldest executive at Hope Bancorp is Mr. Kevin Sung Kim J.D., Chairman, President & CEO, who is 66 years old. Learn More on Thomas Stenger's age.
What is Thomas Stenger's salary?: As the EVP of Hope Bancorp, Inc., Mr. Stenger earns $736,550.00 per year. The highest earning executive at Hope Bancorp is Mr. Kevin Sung Kim J.D., Chairman, President & CEO, who commands a salary of $1,770,000.00 per year. Learn More on Thomas Stenger's salary.
How do I contact Thomas Stenger?: The corporate mailing address for Mr. Stenger and other Hope Bancorp executives is 3200 WILSHIRE BLVD SUITE 1400, LOS ANGELES CA, 90010. Hope Bancorp can also be reached via phone at (213) 639-1700 and via email at [email protected]. Learn More on Thomas Stenger's contact information.
Has Thomas Stenger been buying or selling shares of Hope Bancorp?: During the last ninety days, Thomas Stenger has sold $32,600.00 in Hope Bancorp stock. Most recently, Thomas Stenger sold 1,250 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $13.58, for a transaction totalling $16,975.00. Following the completion of the sale, the executive vice president now directly owns 23,452 shares of the company's stock, valued at $318,478.16. Learn More on Thomas Stenger's trading history.
Are insiders buying or selling shares of Hope Bancorp?: In the last year, insiders at the financial services provider sold shares 11 times. They sold a total of 163,112 shares worth more than $2,144,724.58. The most recent insider tranaction occured on December, 5th when EVP Thomas Stenger sold 1,250 shares worth more than $16,975.00. Insiders at Hope Bancorp own 5.3% of the company. Learn More about insider trades at Hope Bancorp.
Information on this page was last updated on 12/5/2024.

Thomas Stenger Insider Trading History at Hope Bancorp

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
12/5/2024	Sell	1,250	$13.58	$16,975.00	23,452
11/6/2024	Sell	1,250	$12.50	$15,625.00	24,702
8/16/2024	Sell	3,200	$12.40	$39,680.00	25,952
12/14/2023	Sell	1,500	$12.19	$18,285.00	30,700
9/8/2023	Sell	3,000	$9.34	$28,020.00	32,200
6/6/2023	Sell	3,418	$9.20	$31,445.60	35,200
5/2/2023	Sell	4,582	$8.86	$40,596.52	39,293
8/24/2021	Sell	3,694	$13.93	$51,457.42	2,755

Thomas Stenger Buying and Selling Activity at Hope Bancorp

Hope Bancorp Company Overview

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans. In addition, it provides internet banking and bill-pay, remote deposit capture, lock box, and ACH origination services; treasury management services; foreign currency exchange transactions; interest rate contracts and wealth management services; automated teller machine services; and engages in investment activities. Hope Bancorp, Inc. was founded in 1986 and is headquartered in Los Angeles, California.

Today's Range

Now: $12.38

$12.23

$12.43

50 Day Range

MA: $13.18

$12.08

$14.35

2 Week Range

Now: $12.38

$9.80

$14.53

Volume

267,284 shs

Average Volume

724,092 shs

Market Capitalization

$1.49 billion

P/E Ratio

14.74

Dividend Yield

4.64%

Beta

1.15

Why I'm telling friends to avoid gold stocks

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