Investor's Edge with Gary Kaltbaum - SEMIS STILL [06.03.2026]

Episode Date: June 3, 2026

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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. 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 the 3rd of June, 2020, 6.

We are officially in a hurricane season here in Florida. Yay. Where what do we do? we spend our days when we see something coming out of Africa. You know, that's where they start, and we start looking at what the cone. We go to the NOAA website and just watch cones. That's what we do during hurricane season when something shows up.

Yay. But the good news is, nothing yet. Last year was very quiet. Hopefully another quiet here. All right. And let me state for the record, 8.30 p.m. tonight. My Knicks. I have my father's picture.

I will be placing it next to me in front of the TV. Watching the Knicks game. The greatest Knicks fan of all time was my father. Wish he was still around to be watching what we are watching. We'll see how it plays out. Fingers cross for a good, I got to tell you, they look pretty damn good. That's all I can tell you. Anyway, in case you don't know, this is serious talk on everything that affects you. We're going to do the markets, the economy, your job, your industry, war tariffs, corruption, slees, slime, you name it, we cover it.

And we do it with any ulterior motive, any agenda, any bias. Any bias. 39 trillion of debt says so. We're always told Gary, you've got to pick a side. No, we don't. We are on the side of good. And unfortunately, there'd be a lot of bad emanating from that place called DC. But that said, if you do not get this radio show in your city, we're going to post it at garyk.com.

We're also going to post it on our X-feed if you don't follow us on next you should put my name in and follow we're very charming and sarcastic there by the way we hardly ever put anything on markets and I don't know how anybody in my business can continue to post stocks on there without I mean when you post stocks on social media I guess they have a good compliance division that's all I can tell you if you'd like to email me just be nice. Oh, by the way, we'll post it on the YouTube channel of Biz TV also. Ladies and gentlemen, I hope you don't mind. I'm going to spend this whole segment on one subject that we have warned you about. One subject. And the reason why we're going to talk about it, the whole segment

maybe more, is because you have been deceived. You've been deceived. And that's crypto. This is not about where it's going, but we're going to get into that, or what it's doing, but we're going to get into that. It's about what's said and why and all that. First off, you need to know a couple of things. Price moves the emotions. You know that, right? And it works on all of us. In the depths of the financial crisis in 08, I went to the bank and got 25,000 in cash because I thought the financial system was going to help. For instance, price moves emotions. But there's also something that I call right versus not. You see, in front of you, they have paraded. this whole crypto thing to you.

As the end all be all, yet we have said to you, wait a minute, hold on. There's no sales, no earnings, no product, no service. People that are asked on TV, the experts are asked what fundamentals back this up

and all they will tell you is, oh, it's limited amount. can't go higher. They can't tell you anything else. In the past, they have said, well, we're going to use it as currency. Didn't happen. I remember when somebody started using his currency and then it melted down and they were losing. And to this day, nobody can tell you.

Yet, you have that woman who runs the arc funds. And remember, listen carefully. She is the only person we ever mention that's in our business in a not so positive fashion. And the reason is because we hate outlandish crap. We hate the people that say we're crashing all the time. We hate it's a big word. We loathe. We dislike the people that say we're crashing all the time.

We loathe the people that give out $1.5 million. target for Bitcoin in four years, which would basically be what, 20-fold? Well, not anymore, more than 20-fold. Yet they still get paraded in front of you. And I will tell you leading up into the end of last year, you had some famous people, I'm not going to mention who, say we're going to be at 150,000 at the end of December and when December came along well they said the end of January well they're not being asked anymore now this is not about where it's going it's about what it's been doing

and what I am seeing right now and I'm not big into reasoning because I'm a big believer that price is price price is price that's when I'm a big believer in price is price. Patterns are patterns. Up trends or up trends, downtrends or downtrends or downtrends. I've noticed in recent weeks a quieting down

of the crypto people because crypto's been murdered. And of course, throughout the years we've been telling you, you know, there's like 32,000 coins they try to come out with. you know that right I have a website

that I go to is 32,000 coins no really and of course most are zero but there's still plenty of them out there

with serious well let me just give you a couple as of this second Bitcoin is worth 1.3 trillion they're telling me based on how many they're out there and what the price is. Ethereum is $217 billion.

There's something called Tether, $188 billion, something called BNB, never even heard of that, $83 billion. So there's still money out there. Doge coin, which came out as a lark,

is it $15 billion. And I can go on and on and on and on. But once you get to number 40, we're only at a billion so and a lot of them are trading at a few cents some a little bit more than that

crypto is in a bare market now any way you cut it crypto is in a bare market any way you cut it I don't care what anybody tells you I saw somebody on TV lie

about it last week. Acting fine was the two words that was said. And why is it acting fine? Because we've seen this before. It's had drops like this before.

It's acting fine. Not that it's down 50% since October. It's acting fine because we've seen it before. That's being by just beginning. Careful the bull crap. Remember, people that are paraded in front of you have an interest, including me.

But if you notice, we're very careful about shouting and touting and all that. Up next, what we're seeing and reasons. That's up next on 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 offered through call-bomb capital management. 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. And welcome once again to Investors Edge. So we're talking crypto. And of course, we now have the crypto president. But of course, he's been a little bit quieter on.

because price moves emotions. And how dare the president be involved in something that's going the wrong way? And of course, his sons are involved with crypto. And of course, underhanded through the presidency. And in case you don't know, there's, been destroyed. There, whatever they were involved with, has absolutely croaked. Their stock they're involved with has gone from 14.5 to 93 cents.

And this is not a rip on them. I'm letting you know that even they are getting hit by this. And this is all happening with the complete backing of the White House. how can it be? Well, I'm going to pose, I think, a valid answer to what's going on. Remember, there is not a thing that backs crypto. It is just an asset play. That's all it is.

There's no product, no service, nothing underlying it except they tell you it's a limited amount. They don't tell you they tried to come out with 32,000 of them. Dennis Rodman came out with the pot coin. That went to zero. Mark Cuban tried to come out with a coin, and I believe it went to zero overnight. And he's somebody.

And as I go through this list of this, website, a ton of it. Is it zero? So what do I think is going on? Fear and greed. That's what's going on. Price, moving emotions. Going on.

It is not like, listen carefully, someone can go and look at Bitcoin and say, well, they did $6 billion in revenues. It's up 55%. Earnings are up 30%. They're coming out with a new product. Nobody can do that.

All they can do is hope that it goes back up. That's all. And there's not a person that can argue what I'm telling you. It's as simple as that. My good guess, and I think it's a good guess, is that the people in crypto are, I wouldn't call them gun slingers, but they are, you know, gamblers.

And they are watching Micron and Sandisk and these other things going ape, you know what, to the upside. And look what's happening to my crypto. What do you think they're doing? And as they do it, what do you think happens? It feeds on itself. That's it. I think that's a pretty darn good guess.

And there's no way of valuing it at all. There's no way of valuing it. and then you have the other problem, which I've been warning you about forever. You're welcome. Micro Strategy, which is now called strategy, where I have told you that is not a strategy. Oh, we're going to turn the company into a Bitcoin hedge fund and use leverage and debt to just keep buying more. There's only one problem. If you're leveraged on an asset that keeps going lower, you're going to get called.

So micro strategy has gone from 457 to 126 since last July. But as I told you, the guy would go on TV and say everything's fine. And what did we tell you? everything's not fine. And there you have it. And the start getting pummeled. Ethereum's weaker. They don't even talk about Ethereum anymore.

By the way, that's all they used to talk about. I was told Ethereum was going to be the end-all, be-all, because it's blockchain this and blockchain that. That's what I was told. Do you remember that? You remember that, right? Of course you do. So it got roughed up again today.

Back to 65,000, which has me lead into one simple statement. And if you had a chart, you would be able to see what I am saving. There are simple ETFs for Bitcoin. One is GBTC. That's a symbol. the other is i-b-I-T they look the same both are approaching of course together the February March early March and late March lows and when I switch from a daily chart to a weekly chart let me simply state it had better not break those lows

because as we have told you, when vital support is broken, it usually invites more selling. And in case you don't know, there are institutions in this thing. In case you don't know, and we warned you about this, all these investment bankers that used to call Bitcoin crap and actually use the other word for crap. 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, as always, if anything changes, we will let you know. But now crypto is on what we call a ledge. By the way, Ethereum has broken that ledge already. And we hope you have listened. Simple as that. I've noticed there's not a lot of talk now about it anymore.

I've noticed that. I don't blame them. I don't blame them. It's a classic bare market, and we'll just leave it at that. We'll let you know if that area support gets taken out. And I want you to remember a couple of things again. The big institutions really got going on it after it got into the 100,000 plus. Just want me to remember.

And I promise you, price will affect emotion as well as words. We hope it works out because there's a lot of bucks in there. But we're just letting you know right now, ew. And am I surprised? Yes. Because for a long while, it would tag the NASDAQ for a long while. Not anymore. And when, by the way, this goes for, and I'm not saying, have you seen what Pokemon cards are going for? These are just cards.

Pokemon. The amount, the prices for these tangibles that don't do anything except you collect them are going bonkers to the upside. I wonder. I don't know if you know this, but diamonds, the price of diamonds have crumbled. While the price, oh, expensive watches. I'm told have been dropping like a rock. We'll see. By the way, one of my biggest mistakes ever was when my kids told me about Pokemon and there was a stock called Four Kids Entertainment back then. And I'm like, I am buying that. I think it went up like eight, nine, tenfold. It was hot for a while. Anyway, sorry to tell you, but the Dow was down 620 today, the NASDAQ 238. Nasdaq 100 only down 89 because the socks was up 190 again today.

And thank you, Adam, for doing the show yesterday. Here's what happened yesterday. Google Alphabet announces $80 billion of offering stock and debt for AI. So what do you think? anything that's a benefactor. Today it was the semiconductor equipment companies, more semiconductor chips. Yesterday was some optical and this and that.

Amazingly, Google, Alphabet, their 80 billion of stock in debt, the stock has dropped 150 billion in market cap since the announcement, which has me questioning, wait a minute, this is what's driving it? We'll see what the final outcome is. Just letting you know.

Just letting you know the news on Google. 80 billion. I don't know if you know this, but announcements of one billion used to be huge. 80 billion. Also yesterday, The CEO of Envidia comes out and says, Marvell is going to be a $1 trillion stock. The stock went up like 70 bucks yesterday, was up 30 something today, did fall back at the end of the day.

Can't go up forever, right? So I'm just letting you know it's weird. In the Dow today, you want weird? IBM goes up 100 bucks in a few days. Down 24 bucks today. It's like trading like a penny stock. So that's like 24, assuming 150 Dow points. Microsoft, you had a good software move to the upside.

Drop 14 bucks today. That's about 90 Dow points. Visa down another five. Visa and MasterCarder right at New Yearly lows. Salesforce down 10 pullback And let me tell you On top of Visa and Mastercard American Express Down 10

The credit card companies are acting like the south end Of a northbound jackass Financial's had a rough day today But some of the big banks have been acting fine And they just pulled back But other things in financial land Ew And of course as we've been telling you

Avoid most retail Avoid housing defense stocks the travel stocks though a couple act okay insurance is no go restaurants my goodness gracious they've crashed some restaurant stocks the latest shake shack they just crash this thing by the way you know what it crashes

106 to 55 in the last seven weeks that's a crash you want to know what it crashes dominoes 500 to 300 So just letting you know away from semiconductors, artificial intelligence, optical, data, data storage memory, there's still a bunch of areas that puke. We'll keep telling you, and as always, you get to decide. And I must tell you, United Rentals broke to new high ground today. I look at the consumer and consumer stocks. I'm like, what's going on here?

And then United Rentals, which, by the way, what, 13, 14 billion in equipment rentals and industrial rentals and that type breaks out today. So I don't know what and what and what's going on, but just letting you know, there's a lot of jello moving on the plate. and that's a little bit of the markets yields bounce today oils up today as I have said to you and again I don't believe our administration has any control of what's going on in the Middle East in spite of what the president says I am standing behind him standing next to him wishing him well hoping for great things but there is no doubt my they have no

control of what's going on, unfortunately. And he keeps saying things and Iran immediately comes out and says he's full of it. Oh, we've been talking tomorrow? No, we haven't. Oh, they told us they're going to get rid of nuclear. No, we didn't. Think about that. It's so weird to watch. And when I watch them, I have to sit there and say, no, it didn't. No, they didn't. No, we didn't. No, we didn't. didn't no we didn't where's he getting that from up next what else be going on i'm gary this is the one only investors edge you're listening to what we're waiting for one two ready go action investors edge with gary colpa and walk once again to investors edge and by the way i got emails it turns out the guys the guys

at micro strategy sold some Bitcoin for the like the first time ever supposedly? The question is was he forced to? Was he forced to? My answer? I don't know. I don't know. I don't know. I don't know. I don't know. Um, in the news. So yesterday I was on a conference call or whatever you call it. Anybody know who's Ron Barron is? Ron Barron is a big mutual funds company. And I think he's still the biggest owner of Tesla and bought it ages ago. And he was an early investor in SpaceX. And they own a ton of that.

And obviously he's going to do very well when the IPO comes out, which I do believe is in the next week or two. By the way, I'll stop right there on that first. There is also talk with markets about these big IPOs coming out and crowded things out. The answer is I don't know. We'll see how it goes. So I watched Ron Barron yesterday, and I got to tell you, before I go over what he said, when I look at the valuation of SpaceX and what SpaceX is going to come out versus their sales, I think the valuation is obscene.

If they're coming out with the valuation they are saying upwards of $1.5 trillion, I believe it's obscene. But then I sat there and watched Ron Barron explain that he thinks where this is going to go. Just so you know, SpaceX is also X-A-I as well as Starlink, which, by the way, is the great. greatest internet on earth. You ever been on an airplane's internet and how bad is? Why did Starlink coming from Hawaii? Over the Pacific, it was fantastic. Anyway, he believes, I'm just telling you what he's saying, and we are not advocating

anything. He's saying that he believes Starlink's going to do trillions. It's going to be the internet of the world. He believes that the amount of launches, spaces. X going to do going forward is going to be gargantuan. Just remember, they get to bring down the rocket and put it up again. And the numbers he was talking, if it wasn't Ron Barron, who by the way, has a lot of cred, I would have been like, shut up. That said, I still remember when the first stock went over a trillion dollars. And I couldn't believe it. There's no way anything's

going to be a trillion. Well, you got some at four and five trillion now. Just letting you know, I have no clue the outcome, but I wanted to believe everything the guy had to say that they're going to do trillions and trillions and trillions. And he was given out numbers that he think the market cap of SpaceX going to be. I'm like, what? And you want to believe him because he was the guy who was telling you about Tesla when everybody was making fun of them. But that's a piker compared to the trillions and trillions and trillions that they're talking about. So just letting you know. And you can look up Ron Barron and whether you like them or not or whatever.

And let me repeat, we're not advocating anything. We are answering the most asked questions. And boy, are we getting hit with SpaceX. And SpaceX. And SpaceX. And it's highly talked about. And I don't blame it for being highly talked about. Going to be interesting to watch.

Just remember. Always. Eventually, valuation will matter. Always. It's a fact of life. It's how it works. Boy, I am interested in seeing how this plays out big time. Ray Dalio, go look his name up.

His book, What is it, called Principles? He says U.S. is past the point of no return on debt. He worries about a financial repression coming because of it. Cross the debt threshold from which it cannot return and the Federal Reserve may soon be forced into a 1930-style policy. of holding interest rates artificially low. In case you don't know, he's the Bridgewater Associates founder, one of the big hedge fund guys of all time.

Says $7 trillion in federal spending against $5 trillion in revenue is squeezing the economy like plaque in the arteries. Sounds like somebody you know. And just do not forget. Trump, Biden, Trump, Obama, Bush. They're all to blame. I blame Bush and Trump even more because they're supposedly the conservative Republicans that aren't conservative. And Trump is the big disappointment because he's had two times to do something about it.

And we'll see in time whether Mr. Dallio's right. And you know how we'll know he's right? The market will be in trouble. And the Fed will have their hands forced into easy money city, which would create that inflation again. Remember, the inflation we had was created by Jay Powell, printing to $9 trillion, taking rates down to zero, buying up the whole freaking bond market and distorting everything. That is what happened. And then we'll throw Joe Biden in there with his $1.8 trillion inflation reduction.

Act that he admitted did not do anything on inflation. Do you know why inflation finally came down? Because they stopped printing. And he raised rates to stop the inflation. Duh, you have a great day drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your family, hug your children.

They will feel better. You will feel better. I promise they will be. Well, have a good night. Bye-bye. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com.