Dan AmossDan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which gained 462% as the stock fell from $45 to $12. And he called American Airlines’ bankruptcy long before the Chapter 11 filing, telling readers to short the stock, which tanked from $6 to just 26 cents.

Formerly, he was investment adviser to one of the top small-cap mutual funds in the country. He grew up on a semi-working small farm that his great-grandfather bought in 1907, learning thrift and the value of hard work through generations. 

This informs his drive to seek truth and expose frauds and promotions that suck in investors. He cut his teeth in finance interviewing management teams in “roadshows” and so knows the kind of BS they sell.

His bottom-up investing style focuses on management strategy, return on capital and the truth (and lies) buried in financial statements.

Midas Sell Alert: Take A 28% Gain on Metalla Royalty and Streaming

MTA is a high-potential company and we are confident the stock will deliver excellent long-term returns. However, we see much better value elsewhere in our portfolio of recommendations. This stock has moved higher at a very fast rate on little incremental news. So, we recommend taking a healthy gain after a short holding period for an annualized gain of 186%.

MIDAS December Portfolio Update

Our positions has moved sideways for the most part in recent weeks as the gold consolidation continued. Some positions are outpacing others, but our view of any particular stock has not changed very much. We don’t expect this consolidation to last much longer because the conditions for gold to surge higher in the weeks ahead are favorable. For now, Dan updates the latest developments for all our open positions in the portfolio.

Why Market Conditions Are the Opposite of 2008

Market conditions are the polar opposite of what they were in the depths of the 2008 crash. Back then, short sellers were sitting on large gains and adding to already-large short positions. Today, short sellers are an endangered species. And without short sellers, a lopsided order book in the market, tilted too far toward the sell side, can make a crash much more intense.

Tesla’s Upcoming Stress Test Of The S&P 500

As Tesla joins the S&P 500 index, we are likely to see a nearly no-bid environment over a few specific trading days for the non-Tesla components of the index. Such stocks must be trimmed substantially over just a few trading days by index fund managers who must raise cash for buying TSLA. There is plenty of liquidity in TSLA, and plenty of ready and willing sellers looking to dump shares into the automated bid from index fund managers.

MIDAS November Portfolio Update

We viewed gold’s sharp decline this week as a short-term dip and a great buying opportunity for investors. Buying during drawdowns and riding the upswings for profits is a winning combination. For now, Dan updates the latest developments for all our open positions in the portfolio, including a sell alert for gains last week.

When Momentum Stock Darlings Fall Through A Trap Door

We’re at the stage in the bull market when novice investors mistake bubble dynamics for real, sustainable fundamentals. Many of Wall Street’s “darlings” are propped up by hype and narratives instead of solid fundamentals like sustainable earnings, strong balance sheets, and predictable returns on capital. This can cause their stock prices to plummet without warning.