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 McKay Biography and Net Worth

Pres of Royal Bank of Canada

Dave joined RBC in 1983 as a co-op student in computer programming before moving to the organization’s retail banking arm. He then held progressively senior roles in retail and business banking, group risk management, and corporate banking. He became Group Head of Canadian Banking in 2008. During his tenure leading the division, Dave helped reinvent the bank’s retail operations, introducing new technology that has enabled RBC to adapt and evolve to rapidly-changing consumer demands.

Shortly after being appointed President and CEO in 2014, he led the acquisition of City National Corporation, creating a platform for growth with institutional, corporate and high net worth clients in the U.S.

How old is David I. McKay?: Mr. McKay is currently 61 years old. Learn More on David I. McKay's age.
How do I contact David I. McKay?: The corporate mailing address for Mr. McKay and other Royal Bank of Canada executives is 1 Place Ville Marie Cp 6001 Succ Centre Ville, MONTREAL, QC H3C 3A9, Canada. Royal Bank of Canada can also be reached via phone at +1-416-9748393. Learn More on David I. McKay's contact information.
Has David I. McKay been buying or selling shares of Royal Bank of Canada?: David I. McKay has not been actively trading shares of Royal Bank of Canada during the last quarter. Learn More on David I. McKay's trading history.
Who are Royal Bank of Canada's active insiders?: Royal Bank of Canada's insider roster includes Derek CFA (Group Head & CEO of RBC Capital Markets), and David McKay (Pres). Learn More on Royal Bank of Canada's active insiders.
Are insiders buying or selling shares of Royal Bank of Canada?: In the last year, insiders at the financial services provider sold shares 13 times. They sold a total of 247,610 shares worth more than C$38,824,193.85. The most recent insider tranaction occured on December, 17th when Senior Officer Douglas Antony Guzman sold 1,538 shares worth more than C$272,363.80. Learn More about insider trades at Royal Bank of Canada.
Information on this page was last updated on 12/17/2024.

David I. McKay Insider Trading History at Royal Bank of Canada

David I. McKay Buying and Selling Activity at Royal Bank of Canada

Royal Bank of Canada Company Overview

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

Today's Range

Now: C$173.40

C$170.79

C$174.43

50 Day Range

MA: C$173.56

C$168.39

C$179.57

2 Week Range

Now: C$173.40

C$127.60

C$180.45

Volume

9,249,490 shs

Average Volume

4,738,103 shs

Market Capitalization

C$244.49 billion

P/E Ratio

15.36

Dividend Yield

3.31%

Beta

0.84