Investor's Edge with Gary Kaltbaum - China again [09.26.2024]

Episode Date: September 26, 2024

https://garykaltbaum.com/

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Investors' Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening.

It is Thursday, September 26, 2024. I had to look that for one second. Hope you having a good day. Of course, if you are in the panhand, of Florida, the west coast of Florida. And as it goes up into Georgia and kind of turns a little bit left, Hurricane Helene, you're not having a very good day. We hope anybody's listening in the crosshairs.

Let me explain hurricanes to you. It doesn't matter if you're poor or wealthy. It doesn't matter whether you're skinny or fat. It doesn't matter whether you're short or tall. It doesn't matter what race, creed, color, gender, denomination you are. Hurricanes have no bias. They will kill you. They will destroy you if you don't err on the side of caution.

Let it take down your house and blow up your car. Take care of your life. Get the hell out of the way. This is going to be a juicy one. I believe they're talking category three to four. I have been through a bunch of them. Take care. We here in Northeast Orlando are only going to get,

I'm going to say 40 mile an hour winds with some rain. I will say the west coast of Florida is going to get some. And not the direct hit, but the outer bands, and I can tell you some of these outer bands can be doozies. So take care of yourself, please. And by the way, this is Investor's Edge. It's serious talk on everything that affects you. We covered the hurricane.

That's all we can do on the hurricane. We will discuss the elections, the markets, the economy, your job, your industry, corruption and scams and shams. And anything that also comes to mind that I think is moi importante to both you and I. Simple as that. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on Twitter, you should.

And if you'd like to email me, just be nice. Where do I want to start today? First off, the hurricane, as I mentioned, just get the hell out of the way. And I must tell you, Tallahassee. I know it very well been there many, many times. Both my sons graduated from Florida State University. and all I'm thinking of right now is the trees. Why do I think of the trees in Tallahassee?

Because they got some big gargantuan oaks and others. And I'm just thinking there's going to be a lot of branches and trees down. And please be careful around them. If they hit wires, you and you walk through water, you will be electrocuted and you will die. If that scares you, I want it to. these are things I know as fact I've been through many hurricanes

I know what possibly can happen Tallahassee take care I think you got the direct hit here but the whole panhandle of Florida all of Florida is getting some and then it's going to go through Georgia Tennessee and the good news is that it weakens the best news I can tell you about the hurricane it's moving 16 miles per hour

That's pretty darn fast. If it was going eight, that would not be good news. Next thing I want to talk about. Did you read the news about the New York City mayor being indicted and all kinds of charges? Taking payoffs and bribes and spending and people paying for his upgraded first class seats and all kinds of other stuff? And of course they've come out and defended it. Let me be clear and concise. Of course he did all these things.

Of course he did. Do you know why? Because most of these people think they're omnipotent. Nothing can go wrong. I'm the mayor of New York City. But also, the other part of the equation is he happens to be a Democrat. And you have a Democrat Department of Justice. They're not going to come after me.

They're only going to go after Republicans. Why are they coming after a Democrat? Well, he pissed off Biden by saying, I can't take it. all these migrants that they're letting in at the border. Is that the reason? Oh, I don't know. But let me be clear and concise. That goes on all the time. The corruption in D.C. is a joke. Go look up the net worth of some of these people that have been in D.C. for 15 years, making $180,000 a year and showing $30 million net worths. Go ahead. Go get the book by Peter Schweitzer, throw them all out. It's an old book, but it'll tell you about the Republicans and Democrats that have used their power to make the big buck. It's been going on for a very long time. Go read about the Pelosi

selling a bunch of visa in the last couple of weeks, and the Department of Justice in the last few days went after Visa, the company. Oh, she didn't know. Go look at the video of 60 minutes. Many years ago asking Pelosi, do you think it's a conflict of interest? This is when Visa went public that you would take all this stock when you have legislation in front of you? Blah, blah, blah, blah, blah, blah. So that continues to go on. And I think with Eric Adams, of course he did it. They have him dead to rights.

He just never thought, no, you're not going to do it to me. And then you have the other party equation. What did they do? They lowered the bar for all these miscreants. Ilhan Omar, you know, the Marxist. that likes capitalism when it's her money, but for our money, she's a Marxist? Do you know her campaign pay her husband's business, two or three million bucks of campaign money? Oh, I have a business. I'm going to give it to my husband, which means I'm paying myself.

And they're saying, that's cool. Really? We, the outsiders, do we think that's cool, a campaign, paying a husband? no we don't but that's going on and I can list and list and list and list many others both parties oh well what can I tell you next so Kamala Harris did interview with a lady

named Stephanie Ruhle she's been a business correspondent I think she's pretty smart she was one the other day that said you don't need to Ask Kamala Harris any questions or deep questions because you're voting against Donald Trump, but she got an interview with Kamala Harris. And may I state for the record, there was one thing I liked about the interview.

When Kamala Harris said that Trump, when he left, was the worst job president ever. Well, it's a big, fat, juicy lie. She included the COVID shutdown. Duh. Why not lie? That's what we get. The candidate lying. I'm going to lie.

I'm going to lie. I'm going to lie. I'm going to lie. The problem with the interview, it sucked. She did not represent you and I. She represented Harris with easy laid down questions with no follow-ups, except that one thing on Trump. There she finally did an answer.

I do want to let you know I, on Twitter, to the Harris, to Cabla Harris herself, offered $100,000 of my own heart. earned dollars to interview her and I said respectfully but tough receive no answer. I opted to $200,000 of my hard earned dollars to give to her favorite charity. And of course I take the right off if I can. Hey, that's the legal part of it. If she lets me do an interview respectfully but tough and respectfully means I would ask, I would not zing her, I would not put her down, I would ask her direct specific questions, and when she BS is the public, I will follow up with the facts.

No answer on $200,000. And of course, they will never, ever grant me an interview. Why would they? why answer tough questions? Why have somebody interview her that will actually represent you and I and my grandson, Reese? Anyway, the interview is laughable, except for that one thing. Next, what I want to cover. And I'm going to go a little out of order because we segue into the markets.

Are you ready? Number one, oil stocks trashed again. today and the first job we love here to do is what you should be avoiding and if you're able to stay out of bare markets at all times and let me be clear this the Dow and S&P and NASDA can skyrocket but there's always going to be bare markets there's going to be areas or countries or commodities our job is to let you know and of course you decide so up next we'll start with the oils get into China everything else under the sun. I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.

We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review.

The number to call is 888-4-2-5-59. That's 888-5-5-9. That's 888-4-2-5-9. Investment Advisory Services Orford through Colbaum Capital Management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach.

aches. Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Here the full conversation, plus some fascinating facts about how. how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts.

Volatility is hitting retirement accounts and savings across the country. More Americans are exploring physical gold and silver for added diversification during unpredictable economic periods. Preserve gold offers straightforward education on how precious metals can be included in an IRA. Text IHeart to 50505 for your free wealth protection guide, and with a qualified purchase, you could receive up to $15,000 in free gold or silver. For delicious meals, you could go out to eat, or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me.

Marie Callender's classic chicken parmesan bowl is delicious, with scratch-made marinera sauce, creamy mozzarella cheese, and no-pricell, preservatives. It's high in protein with 30 grams per serving. Marie Callenders, what having it all tastes like. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming with Gary Coltbaum. It doesn't get better than this. Okay. So, can I segue back? Okay, let me segue back. Tomorrow, Benjamin Netanyahu will be speaking at the United Nations.

Yesterday, the Iranian slug spoke, and there were no protests. There's going to be a bunch of protests when the head of Israel is speaking. The Great Democracy Israel is going to get the protests. Israel, the defender of their country, are going to get the protests. Israel that has taken in fire rockets, thousands of them into Israel and did nothing about it, getting the protests. Israel, where 1,200 people were slaughtered and a bunch of people kidnapped, they're getting the protests. I wish there was satellite. I would have two words for the protesters and it ain't happy birthday.

We move on. So as I stated, we segue back to the markets. Oils. Bare markets. By the way, good news, because if oil's going down, that means oil prices going down. That means that the pump is going down, and that's good news. Not only for you at the pump, but petroleum products will go down and cost, and there's a ton of those. So we're just letting you know, we're going to continue to avoid oils.

There have been a few pipelines that we said were better and strong, but if there's a 500, stocks in a sector and eight of them are strong in 492 a week, we're not going to buy the eight. So we're just going to start with the oils. Okay. Next, China. So, conundrum. Conundrum. What to do?

How to do it. When to do. How much to do. The answer to all is beats the hell out of me. You see, there are moments in time where it's pretty easy. What was a moment in time that we thought was pretty easy? On January 5th, a Friday of this year, we had told you that Nvidia was tightening up near the highs, five-month range, and a move above $505 would be a great technical breakout. out. And since it's the number one stock in the market for technology and it's a long stretch, a long

base, it may be a pretty damn good move. And the next day, unbeknownst the next day, because you just don't know, it broke out. And it gave us a great opportunity. And we made some serious hay in the stock. China on Tuesday. First off, the China market was drifting higher, but nothing special. And what I mean the China market, there are a bunch of stocks that trade here. Alibaba, for one. How about something called trip.com, hotel and airline ticketing, I guess it's like an Expedia. or

bydo you've heard of that one right which is like internet content or nettees that's interacting gaming community in China or JD

symbol JD which is jd.com it's a retailer in China and they were like acting a little bit better decent relative strength but know what we call umph. Know what we call a definable uptrend, a definable bull market that we love to exploit.

And as I've told you for a very long time, avoid China. And it was the right call, absolutely the right call, because Chinese stocks were in a bearish phase of unknown price and time. You never know when they're going to come out of it. And then there's another component that we've talked about many a time. How do you trust communism? And to be clear, the man who runs the show, G, has been looking for more and more control. And he crushed his education stocks for a while, symbol T, A, L, and E, do you both drop a measly?

90%. But then he realized, you know, my popularity now sucks. People are losing their arse. The property market's going to hell in a handbasket. The market stinks. On Tuesday, on Tuesday, we came on this show and stated to you, just want to lunch. You know, we had a monster move today in the Chinese market. There's an exchange traded fund. This symbol is FXI was up huge. But you could not buy it. It gapped up overnight. It closed at one spot, opened at the next spot. Not like in video when it broke out that day.

It actually traded to the breakout. Well, yesterday, it pulled back minor league. and on Tuesday we told you it's too extended to the upside here we hope it gives what we call secondary bypoints because we thought as we stated

China's in play that was the simple thought process China is in play and what that simply means to us it's now off of a void which we were forever and we'll look for some buying areas, buy points, secondary setups. And secondary setups

come from big move up on a gap and then settle down. And not for a day, which it did, but a week or two. Instead, China, which the reason why Tuesday it went like that to the upside because of government coming in and pulling what we call the Bernanke slash Powell. And that is, we're going to print the hell out of the yuan, which is their currency. And we're going to blow up everything, meaning, hey, you need money. We're giving it to you. You need property. We're going to give it to you.

We're going to backstop this. We're going to backstop that. We're going to inject this amount. We're going to inject that amount. and that's what Bernanke and Powell did. And you know what happened after Bernanke and Powell injected tons of capital into the system and into the markets? The markets went north. Well, we figured possibly he'd be done on Tuesday because I got Newsfea.

That was a bazooka on Tuesday. Monday night. Well, up next, what did they do last night? I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomach ache every time that I eat. and it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach kick every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.

Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. If you've been following the news, you know the world is dealing with a level of uncertainty that isn't going away anytime soon. Inflation pressures, global tensions, and the highest U.S. debt levels on record continue to influence markets day after day. And the result is familiar to anyone checking their retirement balances or savings accounts. Volatility has become the norm. In times like These people often look for ways to strengthen their financial foundation. Physical gold and silver have served that purpose throughout history.

They're real assets that exist outside the digital and financial systems that tend to fluctuate during economic stress. They're not a guarantee and they're not a shortcut to wealth, but they can offer diversification when things feel unpredictable. Preserve gold is committed to helping Americans understand their options with simple educational information, including how precious metals can be held in an IRA. For your free wealth protection guide, text iHeart. to 50505.

And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Don't wait. Text eye heart to 50505. For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me.

Marie Callender's classic chicken parmesan bowl is delicious with scratch-made marinera sauce, creamy mozzarella cheese, cheese and no preservatives. It's high in protein with 30 grams per serving. Marie Callenders, what having it all tastes like. We're listening to. America is talking.

Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, overnight, China added

a crap load to what they did on Monday night going into Tuesday. And guess what? The FXI, that ETF that popped up on Tuesday was up another 8% today on another gap for the week. It's up 17%. That is an exchange traded fund for a country is up 17% all basically on two gaps to the upside, with a little extra during the day. Alibaba, our favorite name is up 19% this week. Mind you, it closed at 105. The high was 319 October of 2020 to give you an idea how bad it's been. Alibaba up 10% today. By the way, most of it on a gap.

You could not buy in between. ThejD.com up 14% on a gap. 10 cent, up 9%. By the way, internet, mobile services, 10 cent, blah, blah, blah. But that's not all that is involved with China. As we have stated to you, very much a command. commodity based company, country, excuse me, not company. What other area were we telling you to avoid coming into this week?

Most commodities. Do you know why? They were in a bearish phase. With China making that move. Let me throw you some out here. BHP, up 13% this week, Rio Tinto, up. 11% this week. Freeport MacMaran, copper and gold, up 16% this week. Shall I continue?

So you also have that going on. Southern copper up 16% this week. So it brought along not only Chinese stocks, but what also in sympathy, the commodities, but not even done. Caterpillar, what do they do? Mining equipment, a craplode of it. That's a mega cap in the Dow. It's up 6% this week. That's a big move.

So it's taking along that. I have no idea how long it lasts or how far it goes. What I do know is, it's now even more stretched and extended to the upside. and it leaves somebody like me who's very much the technician on the outside looking in and hoping for a secondary buy point. But dang, if I didn't have it on the first move, which was Tuesday, I certainly don't happen have it on this move, which is Thursday.

And the FXI, which is that exchange traded fund, to give you an idea how stretched it is, closed around $32 today, the 50-day moving average is at 26. That stretched and extended on a near-term basis. Alibaba closed at 105. The 50-day moving average is at 82. And just so you know, always, eventually price will touch back that 50-day moving average. You just don't know where.

And I can tell you the 50-day moving average will turn up and turn up very, quickly to account for these moves. But dang, for me, it's so darn out of range and I'm so depressed about it. And you know, I am introspective. We write notes in our little book right here on Tuesday. I wrote down to make sure there's no way I can buy this area, though we know it's woke up. and why can't we buy this area? Because normal pullbacks on Tuesday's move

could have taken things down 10% and still look good. And we have no interest in losing 10% on pullbacks. Instead, China threw in, I think it was another couple of hundred billion dollars into the system yesterday and promising more. So we're just letting you know we repeat what we said yes Tuesday. In play, big way, suspect higher, maybe a lot, but I got to wait for some pullbacks and some settling down, which takes me to the next part of the equation. David Tepard, do you know who he is?

Go look up his videos from C. I'm going to mention CNBC. I don't mention him often. He was on today. He is the hedge fund manager that when Bernanke started printing like crazy, came. out and said buy it all. And I didn't listen to him back then. And he was 100% right. He knew the printing of money and the massive amounts of money into the system would send the markets skyward. And all I know is China in two gaps is up 17% already this week. I have no idea what Tamara does. All I know is dang, the money flows. darned if you do, darned if you don't. We'll keep your breast of the situation.

But wow. Do I take any lessons from this? Zero. Why? Because you just can't game gaps. And government largesse in the size and scope that China is now doing. But we'll try to

board the train somewhere because if this wants to go up, let's say, 60%, it's only up 17. That said, I ain't touching it here. And that's all we have on China. We've always said there's government risk. I'm not so sure there's government risk anymore as they are going full J. Powell. The final ultimate outcome of that, that'll be down the road. And that's our China little thingababob, talkabob. And again, tomorrow's another day.

Oh, and gaming stocks. Las Vegas Sands and Wins have been dead. Big Bear markets. Guess what they're doing. Why, they get most of their profits from China. That's Macau, M-A-U. Go look it up. So there's another little area that's out of the coma on two gaps.

I forgot about that. And now I think I'm pretty well covered on that little China play. What else do I got for you today? I think that's the big story. The other story was Micron in the aftermarket yesterday. Numbers better than expected. Spending numbers much better than expected. guess what? The Philadelphia Semiconductor Index was up 178 today.

Let's call 3% plus. They scared the hell out of it early in the day. I can tell you they opened it up really hot, hit 5355 up about 220, took it all the way down to 5182 to the point that was only up about 50 and got better towards the end of the day, the semiconductors. And that means the lamb rebuttal. research, the KLA 10 core, things like that. Those are the equipment makers, which by the way, have been very, very weak. They came on pretty nicely today. And the Philadelphia Semiconductor Index

back firmly above the all-important 50-day moving average also. What else? Do you know United Airlines is at New Yearly highs? No, really. It was near New Yearly lows. It was near New Yearly Lowe's But early August, it's new yearly highs right now. Not making it up. Just let you know, other airlines have been coming on pretty decently. Airlines. Up next, what else? In these markets, this is the one only investors end.

I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving. into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat and it just becomes like a lifestyle where oh yeah, you know, I just have a stomachache every day or I'm constantly feeling like

gassy and all of those things are not something that generally if you have a healthy, gut you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With record U.S. debt, ongoing geopolitical tensions, and constant market swings, many people are rethinking how to protect their savings. Physical gold and silver have been used for generations during uncertain times to diversify, not replace traditional investments.

Preserve gold helps Americans understand these options. Text iHeart to 50505 to get your free wealth protection guide and explore how precious metals may fit into your retirement planning. For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken parmesan bowl is delicious, with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving.

Marie Callender's, what having it all tastes like. We're listening to. What are we waiting for? What are you waiting for? One, two, ready, go. Inters Edge with Gary Culper. Welcome once again to Investors Edge. Thanks for being with us today.

China, stunning. We hate the fact that it's happening because of government injection and not free markets. But as we get older, even the great capitalistic United States, has these Morlocks in D.C. that have interfered with everything and anything. Oh, well. Fair share. Kamala Harris, Marxist candidate. Gary, Marxist, come on. Yeah, Marxist. What's an economic Marxist? Major deficits, debt, increase in government, and then come after the wallet. Marxist. Control freaks. Regulations, fees, fines, mandates. Marxist. It's very simple. I don't use it as a pejorative. I mean it. She's saying, the wealthy do not pay their fair share. The fair share. And I'm always, I think of my good buddy, Neil Cavuto, who always asks that side of the aisle, what is the fair share? How much is the fair share? And they need. never answer the question. I'd like one of them to give an answer. You know, like there was a time where Bernie Sanders once said, it's still on video out there, that anybody making a million dollars a year, every dime above a million should be taxed at 100%. I once debated somebody

on TV, he wanted 90% tax rate. And I said, above a certain level, I came back and retorted, why would anybody work after getting to that number to where they keep 10% of the earnings and give 90% to the government? he said I wasn't patriotic. I then said, do you pay 90% to the government? He kind of stickered.

I then said, you do know on your tax form there is a place to pay as much as you want. If you think it should be 90%, go pay 90%. So all I kept hearing in the last couple of days from the interview in Kamala Harris is the fair share. But they don't say what the fair share is. So I'm on with Stuart Varney this morning and I said, interesting. Why isn't anybody asking the question? What is the government's fair share? What should they have?

Because we earn our money, government takes our money. Interesting. Government doesn't earn our money. We give it to them. Government doesn't earn a freaking penny. They are a Hoover vacuum of our money. So what should be their fair share? Because in case you do not know in the year 2000,

the government's spent $1.8 trillion. But yet now, our debt, our deficit this year, is $2 trillion. What's the fair share? In 2019, the year before COVID, government spent $4.4 trillion. Is that their fair share? I guess not because this year is going to be $7 trillion thanks to Joe Biden and Kamala Harris and Janet Yellen and the rest of the Morlocks over there. So why is the fair share of the government this year $7 trillion and only a few years ago was $4.4? Where the hell is that money going?

So what's government fair share? but Stephanie Rule did not ask her because it would put her on the spot. And Kamala Harris will not answer my proposal, $200,000 of my hard-earned money to her favorite charity for me to ask that simple question. Because if she wants to know or wants to tell us what our fair share is on how much we should pay to them, we would like to know what is their fair share on how much they should spend. And also, since it is we the people, we'd like to know where they're spending it. Because we don't know. We're supposed to trust them.

We're supposed to have faith in them. So what's their fair share? Oh, and I also blame Mitch McConnell and the Republican. who signed off on the latest joke of a budget deal with $1.8 trillion for the Inflation Reduction Act, where Joe Biden, on video, has stated there was no inflation reduction in it. Oops, I can't believe I said that. We're supposed to have faith in them?

They suck. 35 trillion says so, headed to 60 trillion, says so. Billions of dollars wasted on boondoggles says so. Missing trillions at the Pentagon says so. No accountability says so. And we keep voting in the same clowns. Unfortunately, says so.

That all said. Have a great evening. drive carefully. We'll see what China does overnight. And when you get home, do like we do, quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I wish I could have more faith, ladies and gentlemen, but they prove me right every day with their wrongs. Have a great night. Bye-bye. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com.

Every day the headlines shift, but the uncertainty never seems to fade. From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing, Americans are watching economic forces that feel far beyond their control, and for many, that instability is showing up in retirement accounts, personal savings, and long-term financial plans. More people are taking a closer look at options that don't depend on Wall Street. Physical gold and silver have been used for generations as real tangible assets during unpredictable moments like these. They're not about replacing existing investments, they're about adding a layer of diversification that has historically helped provide balance

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