Trade Alert: SPY, NG, GBRRF, TMQ, SLB

By Stephen Leeb • May 16, 2017

Sell Schlumberger (SLB), NovaGold (NG), Gabriel Resources (GBRRF), and Trilogy Metals (TMQ).

Sell SPDR S&P 500 ETF (SPY) June 220 put option.

Going forward, our publication will focus exclusively on making option trades based on our indicators. Thus, although we are long-term bulls on gold, copper, and oil, holding stocks for the long run isn’t in line with this sharpened focus and today we remove them from our Aggressive Trader portfolio. We will continue to follow them in our sister publications such as The Complete Investor and Real World Investing.

Likewise, although we think it prudent to hedge against a potential major decline in the stock market, our stock indicator currently isn’t bearish enough to initiate a short position on the market. We contemplated rolling over the SPY June 220 put option into a longer-dated option, but in light of our renewed focus, we will instead simply close the position as the expiration date is approaching.

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About The Author

Bio | Archive

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.