Whenever you start talking about “second derivatives” to explain market action, you know there’s likely a problem. And the recent sharp market volatility does have something to do with second derivatives – in this case, something known as “gamma hedging.” It’s practiced by arrogant traders with a masochistic streak, who… Read More
Stephen Leeb, Ph.D. is the Chief Investment Strategist of The Complete Investor and Real World Investing.
Dr. Leeb’s books have been notable for predicting the secular bull market that started in the 1980s (Getting in on the Ground Floor, Putnam, 1986); the tech stock crash and rise of real assets, including oil and gold (Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, McGraw-Hill, 1999); and the surge in oil prices (The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, Warner Books, 2004). His national bestseller, The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel (Warner Books, 2006), co-authored with Glen Strathy, outlined the biggest challenges facing the US economy, and accurately predicted the 2008 sub prime mortgage crisis as well as the vicious subsequent economic cycle requiring massive infusions of government stimulus, near zero interest rates and much higher federal debt levels. Game Over: How You Can Prosper in a Shattered Economy (Business Plus, 2009) predicted a permanent peak in global commodity production. Dr. Leeb’s eighth and latest book, Red Alert (Hachette, 2011), outlined China’s growing prosperity and the ways in which its demands on increasingly scarce resources threaten the American way of life.
Among his many speaking engagements, he has been the keynote speaker at both a JPMorgan Chase energy conference and a Royal Bank of Canada commodities conference.
Dr. Leeb received his bachelor’s degree in Economics from the University of Pennsylvania’s Wharton School of Business. He then earned his master’s degree in Mathematics and Ph.D. in Psychology from the University of Illinois in just three years, an academic record that stands to date. He is frequently quoted in the financial media, including Investors Business Daily, USA Today, Business Week, The New York Times, NPR and The Wall Street Journal. In addition, Dr. Leeb is a regular guest on Fox News, Bloomberg, CNN and Neil Cavuto.
In the last month or so we’ve been able to provide you with a little more action. We expect this to remain the norm for some time to come. In other words, the market has changed. Anyone who’s been reading me for a while won’t be surprised to learn that… Read More
Pretium Resources (NYSE:PVG) one of our favorite small gold companies is presenting investors with a gift. The deep decline the stock has experienced this week is a “golden” chance to add to positions in a company whose current price we expect to multiply several times in the longer term. Though… Read More
Buy Pretium Resources (NYSE: PVG) and Despegar.com (NYSE: DESP) on margin. Pretium is one of our favorite small gold miners. The stock sold off sharply yesterday due to announcement of fourth-quarter production figures deemed to be disappointing. The company is about six months into production at its Brucejack mine, and… Read More
You can’t fight City Hall. While our dollar indicator had weakened a touch in the past few days, it remained in positive territory, and I fully expected a win from the trade. But yesterday’s comments by Treasury Secretary Mnuchin promoting a weaker dollar cut us off at the knees. Historically… Read More
Sell to close the PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP) June 15, 2018 $23 call option. At Davos, Treasury Secretary Mnuchin spoke in favor of a weaker dollar. His remarks will likely pressure the dollar in the short term. Fighting City Hall is usually not a wise… Read More
My greatest reservation about EVs is metal scarcity. Take one of the main metals EVs depend on, lithium. Lithium supplies in 2016 amounted to 35,000 metric tons. If completely dedicated to the EV market, that would fuel about 5 million vehicles, which might sound like a lot. But it’s not. Read More