Investor's Edge with Gary Kaltbaum - Commodities waking up [03.13.2024]

Episode Date: March 13, 2024

https://garykaltbaum.com/

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. Investor's 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 day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Wednesday, March 13th, 2014. hope you're having a good day. My dog woke me up at 3.30 in the morning. And as he woke me up, I looked at him, and he gave me this other look. It was one of those looks of, Dad, sorry, I woke you up. And then he walks over and starts licking me in the face.

At 3.30 in the morning. And that was the end of my sleep. No, I easily get back to sleep. That's one of my talents. You can wake me up at any time, just fall right back asleep. But more importantly, hey, this is serious talk on you and everything that affects you with little comedy injected, but we don't have that much comedy these days. And we talk about the markets, the economy, jobs, unemployment, taxes, deficits, spending,

scam, shams, corruption, you name it, we cover it, including TikTok. I do not have a TikTok account. I have an Instagram account, but I have never posted. I just follow a few people. I only got an Instagram account because of my back spasms, so I started following these physical therapists, boy, are they good. And if you don't get this radio show in your city, I'm just trying to go in order. If you don't get this radio show in your city, you can get it at GaryK.com. You also get it on a Twitter feed or the podcast apps that were posted there. And if you'd like to email me, just be nice. Do you know why? Because we're nice. And just because we don't like Trump and we don't like Biden, you Trumpians, should be

didn't email me and get all P-O'd, and you Bidenites shouldn't email me and get all P-Oed, they've proven themselves worthy of my ire. But we're going to do them on another day. I think we're actually not going to talk about them today. I take that back. We'll cover the Marxist in the White House out of the get-go, because I just wanted to start, have you been watching? They voted on banning TikTok or making TikTok get, I guess, sell themselves away from this company called Bite Dance that is being accused of being an arm of the Chinese government.

Now, I must tell you, I am not a techie. I talked about this on TV with Stuart Varney on Thursday. They had somebody from the Heritage Foundation saying they must be shot down and got rid of or this, that, and the other thing. And Varney asked me, what do you think? I said it was never going to happen because nobody wants to lose the kids' votes. But Joe Biden just came out and said he will vote to shut it down. I don't think it's going to happen. But something came up.

I watched a politician today said, this is of the biggest, national security issue we have. And I'm thinking to myself, boy, are they full of crap. There are two bigger national issues that we have. By far than bite dance and China getting our data or data, whatever they say, whatever you pronounce data or data. Because I got news for you. China gets it anyhow.

And we get theirs. The two biggest national security issues we have, there is no doubt in my mind. This is just my opinion that there are terrorists in this country that came through the border that want to do us harm. There is no doubt in my mind that these people called gotaways. Just so you know, it's gotaways or gotaways. They got away. And I will tell you Joe Biden don't know where they are, what they're doing, what they're planning, what they're thinking of. but leave no doubt.

If there's one person planning some crap, you damn straight. And I can promise you they've caught some people and they've kept it on the lowdown. There's no doubt in my mind. So number one would be the border. The numbers are obscene. And it's 100% on the back of this Marxist control-free president, which takes me to the second part. And we'll be quick because we have a lot to do today.

The second biggest national security concern, maybe number one, is what they're doing with the size of government. Jefferson warned us more than two centuries ago of people like we've had over the last 20 years. The crap started up in the 90s, but they were pikers. We then got Bush, you know, the compassionate conservative. Then we got Obama,

and then we got the art of the, the deal, I promise it's going to be easy to lower the debt and get rid of the deficits. And then this guy, his proposal, is to increase the size of government, 66% from just five years ago. You want to add that up? You know, the rule of 72? Do it with five. And it would be a quadrupling of the size of government in their spending since the year 2000. and I still get crazies emailing me.

We need to rate taxes to cover, and I keep saying, go look at the numbers. You can go look at the table now with federal spending and where it's gone. We keep sending them more, and they keep taking out more. And remember, we send them our earned dollars. You know what our government is? They're a Hoover vacuum of our earned dollars. They don't earn anything.

We give it to them. You know when you get these socialist Marxists on the left saying, oh, it was the tax cuts that did it. They don't think it's our money in the first place. We send it to them. They think tax cuts are them giving us money. They don't think it's we the people. They think it's we the government.

We're just their slush fund. So I believe number one or two is what they're doing. And let me be clear. The game is this. They started slowly. Yeah, let's just do some debt. Let's do some more debt. Let's do some more debt.

Let's do some more debt. Let's do some more debt. Oh, it's 08. All of Wall Street screwed the American public. But they were best friends with all the politicians because the Wall Street becomes politicians. and the politicians become Wall Street. So even though they committed massive fraud, massive fraud that I would go and you would go to jail for,

not one person was indicted, but they got $800 billion from us. And nobody lost their jobs. They all became billionaires. We got nothing from it. And that stuck. And then you got Obamacare. Remember Barack Obama, the angel who told us, yes, we can tell us, we can tell us. put millions more people onto insurance and we can get pre-existing condition and lower your

premiums also. That should have been an infomercial at three in the morning. We're at the bottom with the small letters, results not typical. Because that was a lie. And you can go look up Jonathan Gruber who admitted one of the architects who admitted Barack Obama lied about everything. But the media couldn't give a crap because it's their buddy. And then you get Donald Trump. Yeah, yeah, it's art of the deal. And what did he do? He's supersized, and then you got this guy. That's what I think, the national security,

that's my national security concern in plain sight. And I have to tell you, there are a few people talking about it on TV. God bless them, they're really upset. Some of the Republicans are upset, but guess what? They were culprits to the last guy. They didn't say a word when they were in power. Ooh, no problem. That's the national security problem. Why? Why is that? Because of the free markets. The more debt, the higher the yields. Because people that lend money on that debt will demand higher yields. And what if the bond market crashes because of all the debt? Well, wait a minute. Hold on, Gary. It hasn't as of yet. Well, with $35 trillion in counting and the liar in chief.

The big, fat, juicy liars that have taken the championship belt away from the last president on lying, and that is a high bar to get over, have the nerve to say they're cutting deficits over the next 10 years and dead over the next 10 years. Do you know what the number is that they're predicting? In the next 10 years, our debt's going to go up $17 trillion, but they're cutting it from 20. Have you ever heard such bull crappers in your life? Bull crappers! And, you know, every now and then I get an email, oh, just talk markets. These are markets. And if they say $17 trillion, I hate to tell you this, it's going to be $34 trillion.

And when all hell breaks loose, they'll either be dead or retired. Hey, another Republican retired. Out of nowhere, this guy, Ken Buck, I have no clue who he is. I kind of have a clue. Don't follow him too much. He's gone. He's leaving in a week. Out of nowhere.

Do you know why? So many are gone? Because they know what they've done. So just letting you know we had to start with that because this TikTok thing, my guess, they love votes. It'll get figured out. Now up next. Lots to discuss. Lots of movement.

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 complimentary portfolio review. number to call is 888-422-559. That's 888-4-22-55-9. That's 888-4-2-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb 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 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for.

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Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed. D's sponsored jobs. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps,

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Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. By the way, you know, the business of business is business, right? I just got to mention something offhand because I saw this earlier and I was thinking about it.

Miami, the mayor, I guess Miami Beach or whatever. had told spring breakers, get the hell out of here. You did too much damage last year. I guess some people were shot. And I guess there was some violence and some issues and this, that, and the other thing. And I'm thinking to myself, how do businesses in Miami feel about that? Aren't businesses thinking to themselves, wait a minute. The job of the leaders of this city is to do something about it and control it and make sure it doesn't happen and get in front of it and help out.

And this, that, and the other thing, Fort Lauderdale, north of Miami is getting a lot of the spring breakers. And Fort Lauderdale's kicking ass. And there hasn't been really any problems. Fort Lauderdale figured, you know, you come here, act right, don't be a you know what, or we're going to arrest you. Business of business is business. I don't think the Miami people got it.

They should have figured out how to figure it out. That's what they should have done. I was just thinking about that because we talk business here. Okay. Monday. My friend Gil Morales will be on the show. You can go look them up in case you don't know. This is a true story.

In 1990, he made like 10,000 percent. And keep in mind that was an outlier event, but I didn't do 10,000 percent. A couple of things. He's 10 times better than me. he's 10 times smarter than me and we'll have him on the show discussing markets true professional works his tail off

and I love his tweets great stuff and if you don't know he's got a couple of books out go check it out on Amazon he'll be on the show I'm specifically going to ask him about crypto and what he thinks is going on here not just about crypto, but the trading of it and what it's been doing.

And whether it equates to 99, where things went crazy. And I'm just letting you know they're out there today talking a million for crypto and price and stuff like that. And then we'll ask them about the markets and anything else he'll want to talk about. That'll be on Monday. We'll have about 20 minutes or who knows the whole show. Next. So, the first thing.

we did with you all recently is told you about the gold breakout. And as you know, gold is not going to move like a hot tech stock, but the GLD has gone from 190. The breakout was like 193, 194. It's 201. So gold is working right now. And whether or not it continues or not, we don't know. Remember, breakouts can fail.

But this was an all-time high breakout. multi-year breakout. You really have to go far back. And we'll see what happens. Next, though, we have been telling you also that oils seem to be turning the corner. We use the words curling up. And what we mean by that is kind of bottoming out in price and then making a little tiny you coming up the right side. Some names are already at New Yearly Highs, pipelines and refiners, but the bulk of them have been, blah. Well, we're letting you know that the price of oil today moved above, excuse me, not yet, but looks like it's heading top side here.

And you had a very good move again today in the XOP, which is the exploration and production, the XLE, which is the big oil. The OIH was better, came back a little bit down, but all three looked like, They're starting to come up the right side, and as we tell you, there's a certain roadmap on how things put in bottoms. They're following the roadmap. Now, let me repeat, whether or not it keeps going on up beats the heck out of me. We're just letting you know from real time. Real time right now, it be going.

I'm not done. Copper. When you have a chance, what you're going. you're going to do tonight is go look at a couple of charts. C-O-P-X. It is something gold, copper miners total return index. And then you're going to look at C-P-E-R. And that would be, it's something called the Summer Haven Copper Index total return.

And you will see complete emergence towards the upside here. And some names in the group, well, you got F-C-S-E-S-E-S-E-E-Rone. CX. Coming up the right side. Freeport MacMaran, Copper, and Gold. Even though they're now just called Freeport MacMoran. They took out the copper and gold. And then there is Southern Copper, S-C-C-O, big, fat, juicy, three-times volume, breaking out a range.

I believe that's probably all-time highs. Copper. And I'll give you one more. T-E-C-K, Tech Resources, which is a little bit of. a copper, gold, and a few other thing of Mabobbs. I can't even pronounce one of them. They produce something called molybdenum. The hell is that.

That one is coming up the right side. So what do we go? Silver. When you have a chance, go look at something called the SLV. It's just an exchange traded front corresponding or an ETN, exchange traded note to the price of silver. And you will see coming up the right. side. So let's see, gold, silver, oils, copper. What do they have in, you got it. So we may have a

commodity thing going on here. Just letting you know. Let me repeat, we look for launching pads in hopes they turn into what just happened in NVIDIA or Facebook or whatever else. We're looking for launching pads and uptrends. But in order to get those uptrends, you need to launch from the pad. We're just letting you know, commodities. For sure, gold has. Now, whether the rest, copper looks pretty darn good, that was volume today. So just letting you know. And as always, we're not telling you to buy, sell, sure, to cover. We're asking you to, well, we're not asking you. Just if you want, go look and decide, oh, it's for me, oh, it's not for me. And that's that. commodities. Now, why would commodities be perking up? Well, the dollar's been sinking and you can look

up the words. Why do commodities go up when the dollar sinks or why do commodities go down when the dollar's strong? And they'll tell you why, because I'm not going to get into it. I don't have enough time. And you had some good moves into some oil stocks today. And we'll see what tomorrow brings. So we're just letting you know commodities. And remember, this is not predicting. This is following the bouncing ball. That is what we do. We interpret and we are looking at a photo album for familiar faces, and we'll see what comes with it.

Commodities. And I have yet to go through the rest of them. But, you know, of course, there's plenty of others. There's wood. There's orange juice. All kinds of crap out there. And the CRB index. Go look that up. I heard that was at highs.

Up next, more on these markets. Lots to discuss. I'm Gary. This is the one to only invest. for Zach. 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 cake every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach cake 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 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.

All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a higher than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for

Indeed's sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team or bridging cash flow gaps, On Dex loans up to 400,000, dollars make it happen fast. Rated A plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, On-Dec delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-Dek does not lend in North Dakota all loans and amounts subject to lender approval. You'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. And welcome once again to Investor's Edge. So let me give you a, we'll see. On Friday, we had this vicious gargantuan high volume reversal on the semiconductors. And whenever you get that, after you have what I call an Eiffel Towerish move,

It usually marks a high for now. Notice the two words for now, because it can retrench, it can pull back, settle down, and get going again. That's how it rolls. How much it can retrench, I don't know. Can it turn right back up? Well, in this outlier market, anything's possible, because it is a little crazy looking at this crypto stuff. but just letting you know, I think we're starting to see it. Even though you had a good day yesterday, as I'm doing my scans right now, I think I'm going to be right from Friday.

And that is the high of Friday, not necessarily on each name, but for the most part will be a high for most of these semiconductors for now. and now the job is to see is there going to be, is it a big high or something that just needs to happen because it's had a good move? Not sure. I will tell you that something like an SMCI is ignoring all of it. It's almost back to the highs. And Vidi had a very strong day yesterday, but the high was like, what was the high on Friday? 974, it closed at 908 today. still got some work, but AMD, a relative low from Friday, and quite a few other names doing that too. So we'll keep you on that, and you know why? Because that's where we made our big bucks. And if they're going to go again, we want to make big bucks.

But I think there's a component here, commodities. In other words, we're getting rotation. and we'll keep you up to date on it as we move forward. Boeing. Holy crap. Broke down out of the bearish flag we told you about, but it's not because anything tech. Well, you can call technical, but have you read the frickin news?

There's now a criminal look at this company. What the hell is going on there? I am in hopes that you're, You all been reading the articles. And look, we always want to, as we read articles, kind of like, can this be true type of thing. But you're getting witnesses. You're getting employees that Boeing has, I don't know. It's like going to an ice cream place and they put the scoop on wrong.

Well, these are airplanes. So we ain't going to own this stock until they. change everybody from CEO on down or considerate. The people in place obviously are not the people that she'd be there. And by the way, they got rid of the CEO after those crashes. There's a new guy in. It just seems to me from afar, this guy ain't on top of things. Whoever they all are.

This is a big story. United's already said You ain't delivered no more that crap to us And I gather there are going to be others And you know who wins Airbus I bet you Airbus is going to be in some pretty big Management meetings right now

Saying hey How many jet deliveries does Boeing have over the next five years That they're not going to get that we can get And let's call them That's what's going on right now Anyway, just letting you know, we own none. Dow is up 37 and just weird. Home Depot is acting strong.

Last four quarter sales minus four, minus two, minus three, minus three, earnings, minus seven, minus eight, minus ten, minus 15. And the guidance ain't that great. And you're ready for this one? William Sonoma. Number one, I like their stores. stock was up $43 bucks today new high

volume of four and a half times average earnings down one excuse me earnings down one revenues down seven guidance they said going forward

they expect to be better but they never saw themselves getting worse and what if we go into a recession right now in expansion jobs are good So I don't trust any of this guidance, and a big billion dollar buyback.

But what a move. I'm just, we've repeated this many times too. There are a lot of companies, Micron, and many others, losing money, big drops and earnings and sales, and their stocks are going ape crap to the upside. We're going to be watching those bad boys closely because I got news for you. I got news for you. There better be an earnings recovery. their head better.

S&P was down 10, NASDAQ 87, NASDAQ 100, 150, and the SOX semis down 123. They try to open them hot and could not keep it, and just a rough day. And we'll see how it goes. I'm loving it.

I'm out of my semis. I hope they go lower. And what I'm watching for tagging the moving averages. what does that mean? Pull back calmly, quietly, on lighter volume, then the higher volume on the up, and tag these very important support levels

and then pop off of them to the upside. If you follow this stuff, you will know I'm buying if that occurs. Right now we're in the midst, some worse than others. We can now separate the good from the bad. the reaction to something like Broadcom, much worse than other things. So that goes to the wayside for now.

That's how we register this. AMD, losing some sponsorship here, and definitely weaker than, let's say, in Nvidia. So we're now gauging relative strength in the group, and we'll see what comes out of it. But I must tell you, bigger story. Holy crap with the crypto. Do you know micro strategy?

I'm not making this up. We're in the market close. The stock was up 172 today. About 15 minutes ago, it was up another 50 in the aftermarket. Now it's down 12 in the aftermarket. So it's $62 in the aftermarket. And now there's acceptance galore. The big investment banks, you know, the greedy big investment banks,

that didn't want anything to do it a year ago as it crashed. Gotta do some crypto. Let's do an ETF on crypto. Remember, they don't care about you. They need to market the hot stuff. I will tell you, it's still going, even today. Stretch beyond the imagination. Beyond the beyond.

haven't seen something like this in like forever, but has not mattered. We'll repeat. Be careful. Don't be the last one in. But who the hell knows? I have to tell you, on, what was it? March 5th, it had a huge volume reversal, and I thought that was it. Nope.

That wasn't it. And it's ramped even more. If you're in it, God bless you. I hope it keeps going. I still don't understand why it keeps going. I heard a few people say, well, there's ETFs now. I'm not so sure that's a good reason. But again, let's hope it keeps going. I love seeing people make money. I will never be upset with people making money, except Vladimir Putin and their buddies. Hamas. And all the that crap. And that's a little bit of that. When you have time tonight, check out these commodities

and we'll see how far they go. And the question is, listen carefully, if commodity prices go higher, what does that mean? Costs go higher. If costs go higher, what does that mean for profits of companies? Profits come down. If they're not hedged. If profits come down, what next? Just some food for thought, especially on the airlines and cruise lines. Up next news of the day, this is the one only investors edge. 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 stomach ache 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. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to take care. 10 hours. The most common side effects that may be experienced while using Viz include eye irritation,

temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDek delivers funding you can count on. Apply in minutes at OnDec. depending on certain loan attributes your business loan may be issued by on deck or celtic bank on deck does not lend in north dakota all loans and amount subject to lender approval you're listening to what are waiting for what you're waiting for one two ready go action in the vester's edge

with gary colpa hey ladies and gentlemen in the news fisker a spack that they foisted upon you, hit a higher 30, they're filing from bankruptcy. Guess what they do? Electric vehicles. Remember what we told you. All these freaking SPACs were coming out and stating they're merging with electric vehicle companies.

Do you know how many auto companies in the last hundred years have made it? So we knew it was bull crap. We knew it was a lie. A couple of people are going to jail. But a lot of them should be going to jail. and we were right about this one. Remember, we were wrong about,

we said yesterday we were wrong about people paying for luggage on airplanes. We were wrong about the iPod. We thought it was another walkman, but we were certainly right about electric vehicles. That there is no way in hell government forcing it down your throats

would last. And unbelievably, unbelievably, Ford and GM and all these other places fell for the story. stupidity coming out of Washington, D.C., who could not even run a lemonade stand. Fisker, go bye-bye. I have no idea what it means.

What can I tell you? You can't sell a car and lose a few thousand bucks, right? Hey, in the news, Dollar Tree, shutting 1,000 stores? Hold on a second. Dollar Tree. Well, I'm sorry, they have 16,340 stores in 48,000. States and Canada. By the way, I pull up dollar tree now, you know what it says? Merchandise at the fixed price of a dollar and a quarter. So it's really a dollar and a quarter tree.

Stock was down $21 to $128 today, 14% on five times average volume. One thousand stores, but they got a lot of stores. By the way, I love their stores. Have you ever been in these dollar stores? They're the greatest. They look to revamp what they say is a struggling business. Let's see how much they're struggling. Revenue of 8, 7, 15, 22, $31 billion. Earnings were up 25%. Revenue up 12, that's struggling? Interesting.

Hmm. That's kind of weird to hear. And I believe they bought Family Dollar. Am I right? Yeah, FDO. Have you ever been a dollar? They're the greatest these dollar stores. In the news, yeah.

You know how we think the people running California are insane. Not the people. Not California itself. Have you ever visited California? It's magnificent. California is thinking about banning. We're not making this up. No, we're not making this up.

They're thinking about banning. I'll list this. Lucky Charms, Cheetos, Sun Chips, Jello, Captain Crunch, Gatorade, Sunmade Yogurt Raisins, and Kool-Aid from schools. They are thinking of banning all these things from schools. But they legalize for recreational use marijuana in California. These people in California running the show, there ain't enough rubber rooms and straight jackets for these people running the show. what they're doing to some cities in California, what this governor who's going to be running for president 28, this guy sucks. And I'd say it to his face. He sucks.

And they keep voting him in. And by the way, his hair is not that good looking. Anyway, yeah, let's ban the food because of additives. Let's legalize the marijuana. You would think I was making this up. We're not. in the news. The GOP representative that announced he's leaving Congress.

Next week out of nowhere is Ken Buck. He stuns colleagues and slims the Republican's majority even further. He's in the 4th District of Colorado. Today I'm announcing to the Park Congress. I'm going to be involved in the political process. Yeah, just another guy that's been voting on our demise of debt and deficits. I think he's better than most there, though. I'm pretty sure he's better than most there.

And I think that's our news of the day. Do I need to do any more? I don't think I do. I think I've covered most. We're watching three things closely. The top and the semis, see how much that goes or how far it goes. And the emergence, well, gold's emerged. whether or not oil, silver, copper, and some others, they are starting to emerge.

Whether or not they stick or not, we don't know. But there's certainly, and one plus one equals two. What does that mean? Commodities will end up moving together very often, not all. And there's something called the Commodity Research Bureau Index. I'm going to put it up right now, CRB Index, chart, and let you know. As I look at the chart right now, oh, it's back near the highs of November. And just so you know, I believe that's about 19 commodities, if I'm not incorrect, made up of 19 commodities.

And again, if commodity prices go up, inflation, more price for you. Let's see. Aluminum cocoa coffee, copper, corn, cotton, crude oil, gold heating oil, lean hogs, live cattle, natural gas, nickel. What else is in there? It's got to be wheat, steel. Trying to think what else is in there. I'll figure it out. Soybeans.

Lumber. I think I'm close to all of them. Anyway, this needs to be watched. Remember, cause and effect, if oil prices go up, if airlines are in hedged against it, their costs go up markedly, cruise lines also, the pump. We'll see you tomorrow. Have a great day. Drive carefully. I'll be on with Varnie and Company 10 a.m. hour tomorrow. Check it out. And when you get home, very simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Peace out all. Thanks for joining. 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. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.

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