Investor's Edge with Gary Kaltbaum - So far, so good [12.02.2025]
Episode Date: December 2, 2025https://garykaltbaum.com/The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or Bi...zTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.
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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 Cultbaum.
And welcome once again to Investors Edge.
I'm Gary Colbaum, your host.
A thanks of being with us today.
Glad you here, ladies and gentlemen, happy that you are listening.
It's Tuesday, December 2, 2025.
Hope you are having a good day.
I just realized I have not done a show since before Thanksgiving.
So I hope everybody had a good Thanksgiving, good holiday,
as we head into the Christmas Hanukkah part of the holidays,
which come in the next few weeks.
I hope everybody's happy and healthy.
I was not in yesterday because, in case you know,
I don't think I've ever met.
Yeah, I think I did mention this a long time ago.
when I had an appendectomy many years ago, the surgeon really screwed up and left me with an incision hernia that I never got done and I'm now going to get it done finally.
It's bugging me after all these years.
Anyway, what can I tell you?
That was yesterday I had to go to get all that crap done and whatever, whatever, whatever, whatever.
All right. In case you don't know, this is serious talk on everything that affects you. We'll do the markets, the economy, your job, your industry. Anything I think matters. And that includes my love, not love relationship with this administration. I hate using the word hate. Yeah, I hate using the word hate. That made sense. So I don't say love hate, but you'll get the point on a few things.
in a little bit.
But first, if you don't get this radio show in your city,
we'll post it at garyk.com.
Also on our X-feed, if you don't follow us on X, you should.
We'll also post it on podcast apps and also the YouTube channel of BizTV.
And if you'd like to email me, you just simply have to be nice.
I want to start out with good stuff.
Michael Dell.
Michael and Susan Dell.
By the way, he started Dell computer out of his garage.
You can go read up about him.
I think he owns now like the four seasons on the Big Island, all kinds of, whatever, he's big.
Michael and Susan Dell on Tuesday announced that they are donating $6.25 billion to fund investment accounts for at least 25 million American children.
The pledge will go towards helping fund, they call them the Trump accounts,
a new initiative that offers investment accounts for children.
The Trump accounts were established as part of the president's one big beautiful bill act
and are set to launch in 26.
The Treasury Department is set to deposit 1,000 into the account of every eligible U.S. citizen,
child born from January 20 of 2025 to December 31st, 2008.
The Dell's charitable gift will go towards children's ages 10 and under who were born before the cutoff for the Treasury's funding.
We'll fund $250 deposits for investment accounts for at least 25 million children.
That's pretty cool.
and Michael Del spoke, and he talked about if you think about the power of compounding and all that.
He's the 11th richest.
He's worth $148 billion.
I didn't realize that's a lot.
They've already donated billions to charitable causes of date.
This is, you know, I think, hey, who am I to say what somebody does with their money?
I'm not a big fan of taxpayers.
giving money to children being born.
I'm not, but Michael Delt's his money.
More power to him.
Anyway, I just wanted to mention that.
That's some good news, right?
Out of the box.
Because I have other news that is not so great,
including my Giants,
what are they,
two and 11 now,
lost last night to the Patriots,
including that also.
Let's get into the markets.
let's get right into it.
I wasn't here yesterday.
Friday was a half day.
A few things have turned up, turned out,
as we go towards the end of the year.
Number one, the major indices,
all of them, are now above the 50-day moving average.
Not necessarily ascending, but back above,
the 50 day moving average. Now, as a lesson to all of you, there is no chance of ascending
if you are below the 50 day moving average. Doesn't mean you ascend if you are above. You can
stay above and sit around and do nothing. But the fact that price for the Dow, the S&P,
The NASDAQ and the NASDAQ 100 are back above the 50 day.
That is good news.
On top of that, the Philadelphia Semiconductor Index is back above the 50 day.
That is good news.
I can also mention, let me make sure this, the Russell 2000s back above,
but that has never led.
And same goes for the midcaps, but it's a start.
So that's number one.
And I will tell you two Thursdays ago, and I believe that date was the 20th of November.
That was a Thursday again.
I thought hell was going to break loose.
That was the day Nvidia reported earnings and reversed harshly and took everything down.
And just things looked awful and then we gapped up the next day and really have
not look back. Simple as that. And as long as the big indices are trading above the 50-day moving
average, opportunity. If price goes back below the 50-day moving average, not opportunity.
So we will be watching that closely. Got to start with the big indices. Next, as you know,
we on this show, I believe the date was October 13th.
And you know why I remember that?
Because that's the anniversary of my bar mitzvah many years ago.
On October 13th, we came on the show and we said to you that Bitcoin had broken the 50-day
moving average to the downside.
And as long as it stays below the 50-day moving average, it is an avoid.
and it dropped for a few days, rallied back up, and tagged the 50-day moving average, and then crumbled.
So all this time, we had an on and avoid.
And what that simply means, it's different for everybody because we don't know if you own it or not.
We just say it's an avoid.
We're not telling you to buy, sell, shorter cover.
When we say avoid, we're not going to commit any money to.
and avoid.
And you got to decide because it is your money.
Subsequently, a big drop, bounced up for three days,
gapped down yesterday,
gaped back up today,
still way off the highs in bare market territory.
But I'm thinking, and I'm not,
when I say I'm not 100% sure,
Oh, I mean it, because it is Bitcoin.
But think probably you got a near-term low in for the crypto.
And I say that because if you go back to March and April's lows,
you pretty much tag March and April.
You pretty much tag.
You can draw a line all the way across,
and you pretty much got to the lows, tested it, and gapped back up after a gap to the downside, after a big drop.
That's the thought process.
Are we in a new bull?
No.
Possible new bull?
Who knows?
Just letting you know.
What I am wary about is the micro strategy now called.
strategy. We have been wary of whatever this guy is doing. And for the record, scares the
crap out of me and should scare the crap out of you because, as we have stated for a long
while, leverage to buy Bitcoin, up next, we'll expound lots more. This is the one only
Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.
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Hey, this promises to be fun.
Investors Edge.
The last bastion.
quality programming with Gary
Coltbaum it doesn't get better than this
so we were talking the
crypto and
very simply
you know
what our overall thoughts is
in case you don't know
the story behind the Bitcoin
is its limited amount
doesn't go up on how
much there is and
you ended up with the president and his
family
and I'm not going to get into it
on that point today because I have enough on the president that I'm going to talk about later.
But they're involved and they got encrypted all kinds of whatever and making billions, whatever, whatever, whatever.
And then there's this Michael Saylor who runs micro strategy now called strategy.
And what he basically does is buy Bitcoin.
Gee, what a business.
anyway, there's no sales, no earnings, no product, no services, and yet we keep having people,
oh, it's going to a million, just so you know, they're all full of crap.
They don't know if it's going to a million, and it's not like somebody can come out and say to you,
well, here is a company that so-and-so, so-and-so, we think they're going to do three billion
this year, $5 billion next year, and based on that, there is no, anybody could come up with
any stupid price on Bitcoin, but it's based on nothing. You need to know that and ask anybody in
the business, what do they do? It can't answer. I've been on TV with people and saying,
what is this based on? So just so you know, it is only based on the next person buying it a higher
price. And nobody can argue that. It does nothing. You need to know that. Same with Ethereum.
Same with Doge. Dennis Rodman once came out with the pot coin that went to zero. Mark Cuban
did a coin. Went to zero the next day. Melania Trump came out with a meme coin down 99%. Trump came
out with his own Trump coin down 95% and people cashed out beforehand, which is sickening,
whatever, but that doesn't mean it can't go higher. Guess what? It's gone to $124,000 from nothing.
So why can't it go to $250,500 a million? I'm not saying it won't. I'm just saying
this is not real world stuff. And we'll see how it plays out. So just letting you know we think near-term
and probably found an area.
And if you go back again to March and April,
you can see where the lows of the last few days were
and it kind of coincides.
We'll see.
Next thing I want to bring up.
I wrote some things now.
In case you don't know,
Jay Powell, as of yesterday,
stopped quantitative tightening.
I hate even talking about this crap, but it's a must because the destruction this man created is beyond the beyond.
And I'm worried about the destruction.
He's going to create going forward.
And I'm worried about the destruction that Trump is going to create with easy money.
So in case you don't know, Powell printed up to $9 trillion out of thin air.
He didn't do all $9 trillion.
It was already a certain bunch of trillion, but he went insane with it.
Remember, Bernanke started it and told us, oh, the printing of money would be short term,
and he used the terminology quantitative ease.
He can go screw himself.
Anyway, the printed money's been out there forever.
Powell went to $9 trillion, took rates to zero.
He took that conjured up money out of thin air and rigged the whole bond market,
bought up 10-year bonds like crazy, interfering with the free market.
The 10-year yield went down to a half percent, created all the inflation,
and then Biden stomped on it also with his ridiculous deficit spending and growth of government.
And then the inflation showed up and, of course, screwed up the whole housing market to this day.
and then the inflation came and he had to stop the money printing
and then he had to roll it back.
What do you mean by rolling it back?
Well, when he bought all these bonds,
once the bond matures, what happens?
Well, he was letting it roll away.
Just go bye-bye.
Meaning from $9 trillion, you go lower and lower
down to whatever trillions,
they're still out there, money printed right now.
he's no longer going to let it roll off
meaning if a bond comes due
there's that fake money still
and he's probably going to buy more bonds
easy money
to what extent we don't know
when he's out of a job next March or April
or May
and unfortunately the president is going to take over
and President Trump is called for 1% Fed funds
and I can promise you
we'll have 10% inflation if he does that.
He's going to nominate,
looks like this guy Kevin Hassett,
who's just Trump,
you might as well put strings on his shoulders
because he's just going to be a puppet.
And again, if they go too ridiculous, easy money,
it's going to create massive inflation again
and all kinds of problems are going to happen again.
And that's the story.
So that's the QT.
And Kevin Hassett, I think, has got the market better and back above the 50-day moving average.
That's the story.
We'll see how it plays out.
We're going to watch the bond market.
The 10-year yield just bounced up a little bit, was down today.
But it's fine.
No harm at this juncture.
No harm.
No harm.
Next.
Haven't had been able to do this often.
but a DoorDash, a director bought $100 million worth of the stock on November 25th.
He paid $195.
The stock's already $2.17.
The stock went up $11 on the day it was announced.
Just letting you know.
The only issue is, is this director owns 32 million shares.
He's a multi-billionaire.
He bought 514,000 shares, 100 million bucks.
So just letting you know, at 195, we're not telling you to buy or sell, we're not even saying anything.
We're just reporting it to you because we love big buying.
It's gone from 195 to 217.
It was up another 11 bucks today.
Got upgraded.
That's DoorDash.
And then there's this one.
Hmm.
Norwegian cruise lines.
And again, we have been able to do this in a while.
So Norwegian cruise lines, the cruise lines stocks except for Viking, have been very, very weak.
I just found on November 6th and 7th, that's my music.
We'll be back in a second with this.
Norwegian cruise lines.
This is the one only investors edge.
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Tommy John.
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America is talking.
Investors Edge.
He's got to be pleased with that.
The crowd is just on its feet.
here he's a senator of boy
with Gary Colbomb
comes highly recommended you're going to feel better
if you talk to him
so on November
7th and 6th
I've got
the three directors
the CFO
something called the chief
luxury officer
and the president and CEO
buying stock
at prices
ranging from 18 to 19 a quarter.
So it moved on within a day.
I can tell you the CEO bought about 460,000 bucks.
The luxury officer, I like that title, 250,000.
The CFO 200,000, a director 500,000, this dollars.
Another director, 129,000, and another director, 96,000.
and then
another
how about this one
chief vessel
operations
on November
25th
after the stock
pulled back
bought $99,000
worth of stock
paid $1794
so just letting you know
I've got one big buy of DoorDash
but the stock's already had a hell of a move
and then I have a bunch of buying over a three-week period of Norwegian crews and we'll see how it plays out.
And just guess what?
We haven't been able to even do this because there's really been no buying insider buying whatsoever of anything out there.
And we'll watch.
The biggest issue with that big buy is the guy already has 32 million shares.
That's said, usually rich people don't spend $100 million if they think they're going to lose money.
And of course, he's already up.
What is he up already?
$1, $17, $22 already.
Son of a gun.
The rich get richer, right?
$22, how many shares did he buy?
He made $11 million already.
And we'll keep a wash on DoorDash.
And that's the story.
What else?
Banks continue to trade tight, setting up,
refuse to break out.
Gold and silver have been strong.
Gold pulled back today.
Gold miners pulled back,
but silver was again up today.
Silver.
Mui and Fuego.
That's the best thing I can tell you,
with silver and gold.
did the crypto.
There's been better tone to some of the mega caps,
but it looks like meta and Microsoft,
Nvidia, Tesla, just bouncing.
Very important, Nvidia looked like it was going to break down again yesterday
and reversed, and was up five today, only finished up one.
Why?
Rallied right up towards the 50-day moving average and got sold.
remains range bound below the 50 day and new commitments is an avoid.
Notice we're careful with those words because we know a bunch you probably still have it.
And again, very important defense of the stock yesterday.
We'll call the 175-ish area as support.
A break below there.
we'll have to talk.
Semiconductors.
Just strong.
And another strong day.
That's all I can tell you.
Just strong.
Another strong day.
That can change.
But back above the 50 day, you have the equipment makers,
like a mat, new high, ASM,
L New High. KLAC and LRCX are not, but better. Something like a Terradine right up at new highs,
even some weak stuff like Texas Instruments starting to come on. So the semis. And I can
promise, I can't promise you anything. I can state very tough to have a bare market
when the semiconductors are not croaking.
They lead up, they lead down.
And the fact that they've been getting better is without a doubt part of what's been going on with the market getting better over the last so-and-so amount of days.
What else?
A Caterpillar in the Dow leading.
It looks like it's leading.
Could go to new highs, we'll see.
As I mentioned, the banks, Goldman, City Group haven't broken out yet.
but if they do, potentially playable, something you can look at if you like and if it fits what you do.
Health care, which was strong, pulling back right now, not a biggie.
Eli Lilly, that went straight up, finally coming in.
And what we mean by that is it's just dropped from 11-11 to 1046, about 5%.
but that's after going from 900.
And just health care overall remains in shape.
That is a change of complexion.
The froth stuff bouncing around here and there.
Be careful with your money.
A lot of them have already done the round trip.
And again, as we have told you,
no sales companies.
Very simply,
if nothing changes
based on precedent
will all go back
to where they came from
you need to know this
and we're already seeing it in droves
I've been amazed to watch people jump on the back
of no sales junk
and nothing again when I use the word junk
it's just companies that have no sales
and I use the term junk as a stock
and I'm looking at one that just went from 10 and a half to 5.
I could start with just that one.
Rare earth they jumped on.
Here's one, 16 to quarter down to 8.
That's only 50% drops.
And by the way, those are nice ones.
How about 19 and 3 quarters to 5?
And these have been highly touted stuff.
And unfortunately, government got involved,
the president with the rare earth.
and supposedly negotiations were on and contracts may or may not be signed with no sales companies.
Again, beats the hell out of us what's going on out of there.
It's almost exhausting.
I saw they're taking another position in another company that's involved with Intel.
And Intel broke into new high ground today up 8%.
They better perform.
and if we ever find out
if we ever find out that there was massive insider trading with these things
well nobody's going to go to jail
nobody in DC goes to jail right
and anybody who does go to jail gets pardon right
anyway that's the story
the fact we even have to talk about that
pisses the hell out of us
and that's a little bit on the market
I'm happy that oil continues to, just hang.
I'm happy that yields, just hanging.
And now we're getting a little dose of more easy money and we'll see where it takes us.
At the end of that road, if they go too far, did you like that 9, 10% inflation?
You know, they are talking about affordability now, but they're all missing the mark.
It was caused by Powell, a lot of it, especially the housing.
I'm in hopes this administration does nothing on affordability because they'll just make it worse.
Because their answer to everything seems to be easier money, and all that'll do is make it worse.
How do we know?
We nailed it the first time.
We'll nail it the second time.
You want distortions?
Easy money.
You want to not be able to afford a home, easier money.
If they just leave things alone, you know what's going to happen?
Prices for housing will continue to come down, which would not necessarily be bad.
It would just be a normalization from the clown J. Powell that rigged the bond market that caused fantasy.
The high end is now starting to be whooped.
That's good to see.
Up next.
Love not love relationships.
This is the one only investors edge.
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With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with Code Comfort.
That's Tommyjohn.com code comfort.
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This message is brought to you by the Capital One Venture X card.
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The Capital One Venture X card.
What's in your wallet?
Terms apply, lounge access is subject to change.
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This episode is brought to you by Spreaker.
The platform responsible for a rapidly spreading condition known as podcast brain.
Symptoms include buying microphones you don't need, explaining RSS feeds to confuse.
used relatives, and saying things like,
Sorry, I can't talk right now, I'm editing audio.
If this sounds familiar, you're probably already a podcaster.
The good news is Spreaker makes the whole process simple.
You record your show, upload it once, and Spreaker distributes it everywhere people listen.
Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing.
Even better, Spreaker helps you monetize your show with ads,
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start your show today at spreeker.com.
Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it.
You're listening to.
What are we waiting for?
Well, what are you waiting for?
One, two, ready, go.
Investors Edge with Gary Culper.
And welcome once again to Investors Edge.
We are registered Republican.
That way we can vote in the primary here in Florida.
But we're independent.
And those that have followed us for years know we have this motto.
They all suck, number one.
And number two, they have to earn our trust.
And as you know, throughout the four years of Biden,
we ripped the stuffing out of stuffings out of him for four years because all he did was lie.
Lied, lied, and more lies.
From the border secure, which, by the way,
if they were able to arrest somebody that's a president,
just for that he should be arrested,
what he did at the border,
letting in and admitted,
oh, we didn't vet everybody.
He's the worst president ever.
And it's a high bar.
And of course, Afghanistan, he lied.
And of his family's corruption, he lied,
and that's why he pardoned his family.
And then there's Trump.
And as you know,
we're not MAGA. We're Gary. As you know, we believe that trust has to be earned. As you know,
we call balls and strikes here. We're rare. And what we mean by that, we're rare, you know what we
mean by that. The people that Donald Trump once said, if he murdered somebody on Fifth Avenue or something,
people would still love him. Well, that's correct. It's true. It doesn't matter what Donald Trump does,
the people that love him
continue to love him
except on immigration right now
he's losing the Latin American vote big time
but I digress
so the president has called himself
the crime president
we're here to fight crime
and if you're a crimp
well he pardons George Santos
who has led a life of crime
and fraud
which pissed us off
piss us off
He should be in jail.
And we know President's pardon.
I pissed us off.
Because this guy flaunted, may I continue?
Well, it has come to our attention in just the past couple of days.
The President just commuted a seven-year sentence of somebody named a David Gentile
that committed massive fraud.
And he only spent seven days in jail or eight days.
The man committed fraud on 10,000 investors,
hundreds of millions of dollars, never paid back,
and the president pardoned him.
And it pisses us off.
You can't be the crime president and let criminals go.
He loses me.
and if he wants to know why his poll numbers are horrible,
it's because he loses independence.
The people that love him, he ain't losing,
but he loses the people like me.
He also pardon the Binance founder,
who is neck deep
and with his family through a proxy.
And we all know that.
He also pardoned Trevor,
Milton, who was sentenced to four years, we talked about the guy years ago. He let him out.
So you're not the crime president. One point seven billion dollar Ponzi scheme as David Gentile was let out.
But that's not the worst of it. Because the latest, Donald Trump, who professes the fighter of drug dealers, who
is killing people on boats in the water that are accused of transferring drugs towards this country.
They're just killing them. And it's said, I'm the drug fighting the drugs. President Donald Trump
has formally pardoned the former Honduran president Juan Orlando Hernandez, who was
found guilty and sentenced to 45 years in prison for being one of the biggest drug traffickers
in history.
400 tons of cocaine towards the United States and other places.
So you're not the fighter of drugs, president.
Imagine 400 tons of cocaine.
Republicans are pissed off.
at the president.
GOP center like Bill Cassidy,
what the hell is going on here?
How do we say we're going after Maduro
and let this guy out?
Duh!
So I got to tell you,
if the Republicans lose next year
in the midterms,
and you know what's going to happen
if the Democrats get the House,
they're going to impeach them.
We'll come up with something.
Look no further to what we are reporting
to you for,
Why?
Because people like me that only care about good and good policy and don't see love for any politician are going to vote their asses out just because.
And one of the reasons is he just let out one of the biggest drug traffickers in the history of time.
while today professing he is the fighter while killing people on boats.
Love not love.
We'll keep reporting.
Have a great evening.
Drive carefully.
When you get home, do like we do.
Make sure you hug your family.
Make sure you hug your children.
They will feel better.
You'll feel better.
I promise they will be well.
Until tomorrow, we're here for you.
Bye, 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.
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