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.

Michael H. Schwerdtman net worth and biography

Michael Schwerdtman Biography and Net Worth

CAO of IAC

Michael Schwerdtman is the Senior Vice President and Controller for IAC. In this role, he oversees IAC's company-wide accounting and financial reporting. Mr. Schwerdtman was promoted to this position in September 2005 from Vice President and Controller, a position he held since December 2004. He previously served as IAC's Assistant Controller. Prior to joining IAC, Mr. Schwerdtman was with Sony Music from 1993 to 2003 where he served in various capacities including Corporate Controller and Chief Financial Officer of Sony Music International.

Mr. Schwerdtman started his professional career with PricewaterhouseCoopers in 1981, leaving as a senior manager in 1993. He holds an MBA from The Wharton School of the University of Pennsylvania, an MA from Norwich University and a BS from St. Francis College (NY). He is a Certified Public Accountant.

What is Michael H. Schwerdtman's net worth?: The estimated net worth of Michael H. Schwerdtman is at least $422,441.39 as of August 12th, 2020. Mr. Schwerdtman owns 9,781 shares of IAC stock worth more than $422,441 as of December 26th. This net worth estimate does not reflect any other investments that Mr. Schwerdtman may own. Learn More about Michael H. Schwerdtman's net worth.
How do I contact Michael H. Schwerdtman?: The corporate mailing address for Mr. Schwerdtman and other IAC executives is , , . IAC can also be reached via phone at (212) 314-7300 and via email at [email protected]. Learn More on Michael H. Schwerdtman's contact information.
Has Michael H. Schwerdtman been buying or selling shares of IAC?: Michael H. Schwerdtman has not been actively trading shares of IAC over the course of the past ninety days. Most recently, Michael H. Schwerdtman sold 3,097 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $121.95, for a transaction totalling $377,679.15. Following the completion of the sale, the chief accounting officer now directly owns 9,781 shares of the company's stock, valued at $1,192,792.95. Learn More on Michael H. Schwerdtman's trading history.
Who are IAC's active insiders?: IAC's insider roster includes Michael Eisner (Director), and Michael Schwerdtman (CAO). Learn More on IAC's active insiders.

Michael H. Schwerdtman Insider Trading History at IAC

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
8/12/2020	Sell	3,097	$121.95	$377,679.15	9,781
8/9/2019	Sell	6,676	$255.55	$1,706,051.80
5/21/2013	Sell	12,500	$50.89	$636,125.00
5/8/2013	Sell	14,375	$49.07	$705,381.25

Michael H. Schwerdtman Buying and Selling Activity at IAC

IAC Company Overview

IAC Inc., together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands. In addition, the company operates websites that offer general search services and information, including Ask.com, a search site with a variety of fresh and contemporary content; Reference.com that offers content across select vertical categories; Consumersearch.com, which offers content designed to simplify the product research process; and Shopping.net, a vertical shopping search site that contains a mix of search services and/or content targeted to various user or segment demographics, as well as offers direct-to-consumer downloadable desktop applications. Further, it offers Care.com, an online destination for families to connect with caregivers for their children, aging parents, pets, and homes; develops and provides subscription mobile applications across the communication, language, weather, business, health, and lifestyle verticals; a technology driven staffing platform for flexible W-2 work under the Bluecrew name; a platform to connect healthcare professionals with job opportunities under the Vivian Health name; The Daily Beast, a website dedicated to news, commentary, culture, and entertainment that publishes original reporting and opinion; and production and producer services for feature films for sale and distribution through theatrical releases and video-on-demand services. The company was formerly known as IAC/InterActiveCorp. The company is headquartered in New York, New York.

Today's Range

Now: $43.19

$42.03

$43.33

50 Day Range

MA: $48.32

$41.75

$55.10

2 Week Range

Now: $43.19

$41.08

$58.29

Volume

604,748 shs

Average Volume

672,954 shs

Market Capitalization

$3.48 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.31

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