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.

David Karp Biography and Net Worth

Director of Northrim BanCorp

David W. Karp is a businessperson who has been at the helm of 5 different companies. Mr. Karp is Chairman of National Air Carrier Association, Managing Director-Alaska at Saltchuk Resources, Inc. and Member of National Association of Corporate Directors and on the board of 6 other companies.

He previously held the position of Independent Director at Alaska Communications Systems Group, Inc., President & Chief Executive Officer at Northern Air Cargo LLC, President & Chief Operating Officer for Northern Aviation Services, Inc. (Alaska), Chief Operating Officer & Vice President at Alaskan Vacations, Inc. and Chairman at Alaska Aviation Museum.

Mr. Karp received an undergraduate degree from the University of Oregon.

What is David W. Karp's net worth?: The estimated net worth of David W. Karp is at least $842,163.66 as of May 2nd, 2023. Mr. Karp owns 10,686 shares of Northrim BanCorp stock worth more than $842,164 as of December 26th. This net worth approximation does not reflect any other assets that Mr. Karp may own. Learn More about David W. Karp's net worth.
How do I contact David W. Karp?: The corporate mailing address for Mr. Karp and other Northrim BanCorp executives is 3111 C Street, ANCHORAGE AK, 99503. Northrim BanCorp can also be reached via phone at (907) 562-0062 and via email at [email protected]. Learn More on David W. Karp's contact information.
Has David W. Karp been buying or selling shares of Northrim BanCorp?: David W. Karp has not been actively trading shares of Northrim BanCorp during the last ninety days. Most recently, on Tuesday, May 2nd, David W. Karp bought 500 shares of Northrim BanCorp stock. The stock was acquired at an average cost of $37.77 per share, with a total value of $18,885.00. Following the completion of the transaction, the director now directly owns 10,686 shares of the company's stock, valued at $403,610.22. Learn More on David W. Karp's trading history.
Who are Northrim BanCorp's active insiders?: Northrim BanCorp's insider roster includes Jed Ballard (CFO), Anthony Drabek (Director), David Karp (Director), Joseph Marushack (Director), Krystal Nelson (Director), Aaron Schutt (Director), John Swalling (Director), and Linda Thomas (Director). Learn More on Northrim BanCorp's active insiders.
Are insiders buying or selling shares of Northrim BanCorp?: During the last twelve months, Northrim BanCorp insiders bought shares 2 times. They purchased a total of 1,043 shares worth more than $59,349.96. During the last twelve months, insiders at the financial services provider sold shares 1 times. They sold a total of 2,550 shares worth more than $201,450.00. The most recent insider tranaction occured on November, 13th when Director Linda C Thomas sold 2,550 shares worth more than $201,450.00. Insiders at Northrim BanCorp own 4.1% of the company. Learn More about insider trades at Northrim BanCorp.
Information on this page was last updated on 11/13/2024.

David W. Karp Insider Trading History at Northrim BanCorp

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
5/2/2023	Buy	500	$37.77	$18,885.00	10,686
11/16/2022	Buy	500	$53.57	$26,785.00	10,186
5/10/2022	Buy	2,000	$41.03	$82,060.00	9,686
2/28/2022	Buy	2,500	$43.35	$108,375.00
6/9/2021	Buy	550	$44.68	$24,574.00	5,186
5/28/2020	Buy	1,000	$26.69	$26,690.00	4,136
8/1/2018	Buy	620	$40.50	$25,110.00	2,436
8/28/2017	Buy	650	$28.20	$18,330.00	1,716
8/9/2016	Buy	656	$26.64	$17,475.84	1,066

David W. Karp Buying and Selling Activity at Northrim BanCorp

Northrim BanCorp Company Overview

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates through two segments, Community Banking and Home Mortgage Lending. The company offers noninterest-bearing checking accounts and interest-bearing time deposits, checking and savings accounts, individual retirement and money market deposit accounts, certificates of deposit, and business sweep accounts. It also provides short and medium-term commercial loans, commercial credit lines, construction and real estate loans, and consumer loans, as well as short-term working capital. In addition, the company offers other services comprising consumer and business online banking, mobile app, and mobile deposits; and debit and credit cards. Further, it provides mobile web and app banking, consumer online account opening, personal finance, online documents, consumer debit cards, business debit cards, my rewards for consumer debit cards, retail lockbox, card control, corporate purchase cards, integrated payables, home equity advantage access cards, telebanking, and automated teller services. Additionally, the company offers personalized checks at account opening, overdraft protection from a savings account, commercial drive-up banking, automatic transfer and payment, People Pay, external transfer, Bill Pay, wire transfer, direct payroll deposit, electronic tax payment, Automated Clearing House origination and receipt, remote deposit capture, account reconciliation and positive pay, merchant, cash management, annuity, and long-term investment portfolio products and services. It also provides investment advisory, trust, wealth management, factoring, and mortgage services. The company was founded in 1990 and is headquartered in Anchorage, Alaska.

Today's Range

Now: $79.81

$77.56

$79.81

50 Day Range

MA: $78.46

$64.07

$88.50

2 Week Range

Now: $79.81

$43.92

$91.72

Volume

67,872 shs

Average Volume

18,883 shs

Market Capitalization

$439.11 million

P/E Ratio

13.62

Dividend Yield

3.18%

Beta

0.81