newmont, a lot of people are playing in the mining space. looking at metals in particular. these are stocks that are all doing remarkably well. a lot of times when you get to these levels, the stocks, the top three actually represent 35% of this particular group of stocks and they already have broken out to new highs. the other thing i would have people consider as we try to come up with options strategies right now, we're at a fairly interesting structure. karen kind of alluded to this at the tail end of "fast money" when she was talking about the vix. the vix is at historically elevated levels, but when you think about where we've been in just recent history and the fact that we're not through all of the uncertainty that would have created that elevated volatility to begin with, i actually think maybe for the first time in a while we shouldn't b looking too much at spreads. even though options prices might be higher than they have been historically, i think justifiably so given the continued uncertainty we have. when you're looking at tryi

that is actually pretty good for a company like newmont.lot of time, are you nervous about some of the balance sheets on some of thesep companies? we basically have no outlook. they have all suspended outlooks for the year? >> yeah. in fact we're making doubly sure as we go along in these times the balance sheets of every company are especially strong. they can get through the other end of this. so again, these are naturally low risk, companies that we look for are naturally low risk. which will tend to have very strong balance sheets but we actually doubly checking that, to make sure we don't own anything too leveraged or any bankruptcy risk associated with it. cheryl: yeah. our eyes are opening up to all of this a couple weeks. earnest ramos is thank you for being here. [closing bell rings] new highs for the nasdaq. you're welcome, america. i didn't completely blow the gains for the day. "after the bell" starts right now. melissa: getting back to work. stocks climbing today as job growth jumped in june crushing expectations. i'm melissa f

. >>> take a look at gold going up newmont is at it's highest level since 2011 we'll keep an eye on that stock onidalgse the gold trade "squawk alley" will be right "squawfeeling stressed?right try new nature's bounty stress comfort. three unique gummies for your unique needs. find peace. boost mood. sleep well. stress comfort comes naturally, only from nature's bounty comes naturally, right now, switch to t-mobile and get four lines of unlimited for just $25 bucks a line. with access to america's largest 5g included. that's right. unlimited and nationwide 5g for the whole family for just $25 bucks a line. only at t-mobile. >>> watching numbers out of dallas our next guest is a business owner in the center of that town ray washburn is joining us today. in some ways, ray has become our eyes and ears in texas good to see you again. >> thank you for having me >> there has been signing of stabilization, does it feel that way now? >>. >> no, i said that august 1st is when the bell would start ringing on everyone. what happened in the restaurant and hospitality because is after we closed down

within the s&p you are looking for companies, newmont mining is the only gold miner there.is higher. also among foreign company stocks traded in the u.s., nine out of the 10 most actively traded are cold or precious metal minors. -- miners. david: we think that is a hedge against inflation, now inflation hasn't been anywhere for a long time. should we be looking out for the possibility of inflation? scarlett: people are talking about it. far,s been deflationary so we have seen breakeven rates start to creep higher. bond yields are negative on a real basis. you got negative real yields adding to the situation. one thing to note. even as we talk about old prices heading to highs, on a nominal basis they are at a new level, when you adjust for inflation they are still below the levels we saw in the 1980's. there is room to rise further. that is why you see analysts projecting higher prices for gold. bank of america sees gold getting to $3000 over the next year and a half. ubs more conservative, forecasting $2000 at the end of september. 2000 is the next level to watch. we don'

you can buy the gold miners if you want to lever up, to get specific, newmont and barrick.hink the most important earnings are skyworks. microsoft skyworks. you have to see how fast we get ramp up in 5g. how much the real economy is turning around in terms of chip manufacturing. microsoft's performance of how much is this acceleration into the crowd. charles: glad you brought up the chips. only area of tech is up. a lot of think texas instruments post strong number at the close. michael, that was a strong segment. thank you my friend. >> thank you, charles. >> apple investing in a new program to invest in mine another owned businesses. susan li is here with more. reporter: they will net zero climate impact for all their device by the year 2030. if you think about it, that is pretty ambitious. they sell 200 million iphones each and every year. they sell millions of ipads, airpods, macs, you name it. throw in beats headphones. they have a long plans to get there. that includes thousands of suppliers. part of this initiative as you mentioned is the accelerator fund, that is in

and this merger of barrick and newmont has unlocked the gold belt by taking down the fences and putting the real all bodies together and it's been an amazing experience it's just been fantastic, i must tell you then, of course, the gold price has gone up, which always makes gold mining more enjoyable. >> how about copper? we have a big surge in copper. you have a ton of copper there >> yes the copper side of barrick did well this quarter as you would have seen in the preliminary results. despite their low, copper price for most of the quarter, the team did exlemt, both in africa and in in south america. in particular, africa and middle east copper operations did exceptionally well >> in the u.s. you were still using $1200, that's what your price had been to do your projections. is it time to move that up you've got a dividend, you've got a much better balance sheet than you had maybe things are kind of going more your way than you thought when you put that together. >> yeah. but, jim, 1200 is the new thousand i always say. that's the long-term goal price at which we allocate our capital

shorting gold is a very short-term trade although you had a huge reversal in newmont and pan americanr, i don't think that's the way to play it i'm still of the belief that gold is going to continue to move higher and silver as are the mining stocks. you can be selective if you want to short them. roberto, i stay long the commodities, particularly gold and silver, for the next six to nine months for sure. >> jeff, what would you tell our south african friend >> yeah, i think that's probably true i'll comment on silver as well that's put in a massive base and it looks to be breaking out to the up side. i agree with guy look, in this environment you might be able to play it on the short side for a quick trade, but overall the momentum is too strong you have had flows that are aggressive into gold and the gold miner for that reason i think you can play it on the short side near term momentum is strong looking out any further than a month or so you want to stay on the long side of it. >>omg nt,e ve the final trade. when we started carvana, they told us that selling cars 100% online wouldn

gainers led by newmont close second, biogen back in a moment don't go away.g) see, incident resolved. how did you... gotta enjoy the small wins. you keep being you, derek. keep being you. >>> let's get to jim and stop trading. >> hasbro, a great company but co-vid problems in factories and people aren't shopping as much they do have a booming e-commerce business. i wouldn't write them off. a lot of people felt ohs were doing well because of co-vid they might have an up side surprise instead they went the other way. china factories are producing. 5 5% of their toys are from china. keep that in mind. mattel is on tonight barbie didn't do as well as i thought. liam griffin did a great quarter at skyworks, but it's never enough kevin mccarthy, we'll take the leader because we had nancy pelosi on. let's hammer out a deal so people aren't starving that's one of my predilections against starving >> and getting the republican proposal at 4:30 today we'll watch for that you've noticed on twitter, mlb season is looking wobbly with the marlins cancelled. >> i guess we'l

this environment of uncertainty such as consumer staples and kroger and such as farmer's market, and newmontthat's a gold play and with the amount of cash that's been put to work by the fed or the amount of liquidity, you know that gold, in fact, hit an all-time high last week so we want to have a diversified slightly defensive portfolio because of the uncertainty and the tension between the numbers that we're seeing here >> you mentioned the election, it's increasingly a point of debate firms like goldman talked about the imply kagss on earnings tax. jpmorgan says a democratic win is neutral to slightly positive as the tax as a lessening of chinese tensions what's your thought? >> i think there are some pluses and minuses. i think a lot of it is perception at the margin if you consider, for example, president trump and company have really laid the groundwork for almost -- at least in the u.s., an ideal capitalist structure. right? we have low interest rates we've got low tax rates. low regulation working class americans battling each other rather than clamoring for more wages in many respec