Transcript was automatically generated.

0:00:02 – Announcer

Wall Street Unplugged looks beyond the regular headlines Heard on mainstream financial media to bring you unscripted interviews and breaking commentary direct from Wall Street right to you on Main Street.

0:00:16 – Frank Curzio

How’s it going out there? It’s February 19th. I’m Frank Curzio with the Wall Street Unplugged podcast. Breakdown headlines and tell you what’s really moving these markets. Daniel Creech joining me today. What’s going on, man? How’s everything.

0:00:34 – Daniel Creech

Everything is great, Frank. Happy Wednesday, as always, this is wonderful. Another hump day here, another hump day.

0:00:40 – Frank Curzio

Did you see the Canada game, Canada-US hockey game?

Yes, I did I loved it. You see, the Canada game, Canada us hockey game. Yes, I did, I loved it. Oh my god, there’s a good rant too, one of the guys in hockey just talking about how the nba is so horrible and when you see a game like that where you know it’s so passionate to the players and what they do and everything was really good. It was a really good rant. I had um, showing how terrible the nba is compared to what’s going on with hockey. Uh, and man, that game three fights in the first nine minutes.

0:01:05 – Daniel Creech

Well, they were booing Our next sister state is booing their future national anthem. I don’t know what the hell is going on over there.

0:01:13 – Frank Curzio

You don’t boo national anthems, you just don’t.

0:01:15 – Daniel Creech

And I get it, and there was a guy on.

0:01:17 – Frank Curzio

Twitter who said listen, you don’t get it. You know, we have nothing against you. We have nothing against this. We just think Donald Trump’s an asshole and whatever. Listen, let me tell you something we think Trudeau’s a really big asshole, but we would never boo your national anthem Worse than that.

All right, I mean that guy is probably the biggest destroyer of wealth in Canada that we’ve ever seen. But you know, booing your national anthem is different. Okay, you take it to another level. I mean, you want to fire them up, fire them up. But that was pretty cool. And you know, they play again on Thursday for the championship.

0:01:47 – Daniel Creech

Yes, tomorrow 8 o’clock, and listen. They want to boo the national anthem of the USA. More power to them. They’re at home, they can do that, but don’t be surprised when you want to fight over it. I mean, that’s the thing you can do. Anything you want or whatever, it doesn’t matter. Um, I, just I. I thought it was great to see all the fights because it is good to have that emotion and that everything’s in context. So everybody out there that’s complaining and saying that’s not good for kids and all that BS, be quiet, sit down. The adults are now in control for at least a few years, and that’s a great thing overall. And again, if you’re Canadian, you want to boo, go ahead and boo and then they fight and then they move on. That’s great. That is such a great picture for everybody and we get to watch it all again tomorrow I know it’s great when they fight because it’s such.

0:02:36 – Frank Curzio

It’s just, you know, hockey it is such a great sport, it’s like the best sport, it is amazing, it’s just. Yeah, they fight, that’s it, they break it up, it’s it’s over and and goes down for five minutes and then come back.

Yeah, come back and it perfectly and once it ends, it ends and it’s like nothing even happened, right. It’s like you can see those guys in the hallway and just be like, hey, what are you doing today? I’m gonna do, yeah, sure, I’ll bring my wife, or like it’s just, it’s just so normal, and it had they had it miked up. And after those fights, ref and him mic’d up, and the guy goes to the ref. He’s like the US guy just got to fight. He’s like what’d you think of that? And he goes hey, yeah, that’s a great start to the game.

That’s awesome, that’s the way you play. It was so great. It’s like so normal when you’re like holy shit, but I can tell you they play again on Thursday and I I’m talking about money I love Canada to win this game. I love Canada to win this game. It’s a pick-em. You don’t fuck with Canada when it comes to hockey.

0:03:29 – Daniel Creech

They deserve what they get Well and they got B, and they got B. It’s hard to beat two teams real quickly back-to-back like that.

0:03:34 – Frank Curzio

I’m just telling you, you got Conor McGregor, you got Sidney Crosby. I know you say Sidney C didn’t play the first game and he’s insane, right. So he missed the first game. Lots of injuries on the US side too. Mcavoy’s the best defenseman. I don’t think he’s playing. The brothers might not be. They’re probably going to play, but they’re hurt. I just think, with this game here, it should be really exciting. The ratings on this game should be massive From a betting point of view, I mean, and the US is not going to put the same team on because they got a couple people hurt. So you know, it is a pick-em. I think the US was slightly favored, but it feels like this is a massive, massive game. Right, it just feels like it’s a massive game. Oh, absolutely, it’s like the all-star break for them.

0:04:15 – Daniel Creech

So it’s so cool and what a brilliant thing to do. The four nations as much hockey as I would like this year, but I didn’t even know they were doing. I remember them saying they were going to do something different, but I it kind of caught me off guard, so just getting to see some of it is amazing.

0:04:28 – Frank Curzio

Well, it didn’t get a lot of publicity because I think it was the Olympics and a lot of guys didn’t play in it because the Olympics.

0:04:32 – Daniel Creech

So let’s be honest, nobody gives a crap about hockey here. For the most part it’s not that popular here.

0:04:37 – Frank Curzio

Unfortunately.

0:04:38 – Daniel Creech

Are you out of your? Like you know football, baseball, everybody.

0:04:42 – Frank Curzio

I mean to baseball. They’re probably comparable and I think the NBA now could probably compare yeah well, I hope so, but I’m just saying I guess the NBA is just like it’s in full dive mode.

But you know hockey, I don’t know US, man, the playoffs, holy shit. I mean, you see those stadiums, they’re starting to open up, they’re starting to expand puck, that was trying to find ways to make it better and then they get you know, the, the overtime, the five on five and shootouts and stuff like that, and then all of a sudden, everything just came together. It’s like it’s like you know, some of these sports, even daytona, f1, it’s just on fire now. It’s like, holy shit, you know, pick a ball out of nowhere, what the fuck, you know? Just something happens and sport just goes like viral. It’s. It’s, I mean, what happens to hockey in the past. Like I would, I would say man, seven, eight years, holy shit. I mean in terms of popularity, how big these games are now finally starting to pay these guys. But it’s not the other three sports yet. But, man, it’s a lot of fun to watch man people enjoying it. So, with that said, yeah, that was pretty cool and I’m going to bring this up really quick before we get into everything.

So, right after this, I’m interviewing Scott LaPorter and Paul Kessler. I don’t know if I mentioned those guys, but those are the guys in the private deal that we’re doing, and I’m going to tell you what the company is because it’s private and exclusive to us. So if you’re an accredited investor and you’re a one member, you can get into this deal. It’s going to be a deal. I invest the most money I’ve ever invested in a private deal because I did a lot of research on this. I’m saying, if it does, I’m probably going to lose a lot more money than anyone else that gets in and you’re getting in the same terms. I mean, they’re offering terms that are fantastic, where we’re getting at a good valuation 80 million valuation. The company’s doing 40 million in sales. That’s a very good valuation because their sales are going to explode because they’re doing this roll-up and Scott Laporte has a 30-year history of doing this with Marriott, with Hilton, right, and they just did it again too.

They don’t just create these companies from scratch and they go into small caps and stuff like that, and maybe you’re used to that in the mining industry. These guys go into mid caps. They see the whole thing through. They create these massive companies by doing roll-ups and if you do roll-ups the right way, like a DraftKings or whatever, and you buy it worked out tremendously right If you’re very, very, very smart doing it. Some people just don’t care. These guys are not using the IPO as an event to sell right, which is a liquidity event. These guys, they just did a deal. It’s called Prairie Operating P-R-O-P. If you want to check it out. They’re behind this deal.

This is Paul Kessler, who’s the finance guy for 30 years been doing. This guy invests in so many things and every time I talk to him he’s humble as hell, even though he’s incredibly wealthy and very, very smart. I learn a lot from him and he’s always telling me about the deals that didn’t work out, and I always love that about people that are very successful, because they always, it seems like the deals they care about the most or they remember the most and they learn from the most of the mistakes they made right. And that’s why, you know, even with us, we highlight our losers because you know we have more winners than losers. So we don’t mind saying, hey, you know what we fucked up sometimes because we do with some of our stock picks. But then you have Daniel who just took a half position off. Right, you sold a half position in Palantir. For what was the gain?

0:07:34 – Daniel Creech

Yeah, we were up a little over 400%. Holy shit man. So you lock in some gains.

0:07:37 – Frank Curzio

I mean it doesn’t get better than that, right? I mean that’s what investing is. Well, your point. I mean, look, we have like a 500 winner in cvo. We have a 108 winner in a few months in in curzio ai.

And everyone always asks us, like you know what stock you like the most? And if I tell you sell them what stock I like the most, I’d only give you one fucking stock, right. I’d say don’t buy the rest of them. But I really don’t know. So when you diversify and you hit that one, it’s so big because you could have three or four losers and you’re okay with it, right? That’s why you try to diversify. We’re smarty. I’ve been doing this for 30 years. I know you’re not going to buy every single stock in every one of our newsletters, but the more you could diversify, because these are heavily vetted stocks that Daniel and I look at. Right, we do a lot of research on them. We’re going to be wrong sometimes, the ones you’re. Yeah, we’ve been on Palantir for a long time. We were right. We nailed that because of the mistakes I told you I made with Netflix, which is cool.

But when I talk to Paul Kessler, he’s always like that he’s talking about the mistakes he made and he doesn’t make a lot, but these guys have built companies and if you look at PROP, they just did a $600 million deal. This is a company they took public from scratch, and now the market cap after this deal is and 13%. That’s something that I find credibility and good character in, because a lot of times you know you have the chamaths right. I mean, look, it’s about money for him and look what he did with. You know the SPAC that I always talk about, which is you know I always forget the name now because I’m just trying to block it out of my head which is a space company Virgin Galactic no-transcript, and I’m going to release it at a later date to Curzio One members, but the presentation I’m going to do something different. I’m going to actually give to everyone so they could see it. You still have to be a Cur small portion of it, so don’t think Sugar Factory.

This is a great business that they took over in 2019. And then you had COVID, right, so it was a setback, and now they manage everything perfectly to where they are. They put themselves in perfect position Again. A company generating 40 million sales. It’s private. We’re getting an $80 million valuation. The deal is going to include a 6% dividend and full warrants and these guys are going to do a massive roll-up and they’ve already started.

They’re buying smaller companies that are in consumer space with snacking, beverages, gifts and they only do this when the cycle is very, very weak. And it is right now in this business where, if you look at the deal they just did with PROP which is amazing they just did a $600 million deal with Citigroup leading that financing and now they have like 10 other companies and now those companies, the institutions, come in. Now you have, you know, volume explode. You have this liquidity. You have all these companies that are in the financing are now going to cover this company. Companies that are in the financing are now going to cover this company. That’s what they do. But there’s a big gap when you’re looking at a company with $40 million to like a $200 million valuation that people don’t want to touch. So they’re looking to raise money and we’re going to help them raise money. But once you get to the $200 million, $300 million, $400 million, it’s easy to get the financing, the deals and stuff like that no-transcript and start losing a ton of money and they want that dry powder. So they’re getting these companies.

They already took over two. They just took over another one, which is fantastic and doing the same playbook, and they don’t do it often. It’s not like let’s keep doing this. They do it sometimes, but I’m going to release that video in a couple of weeks, but I’m going to tape the video to show everyone the presentation, to show what we do behind the scenes with these private deals. And then I’m going to offer Curzio one at a really special rate.

I’ve been focusing on this a lot and seeing you know, for accredited investors, this is a deal and there’s another deal coming behind this. That’s fantastic, that I’d like for you to get in. This is our premier membership, right? So you get all of our products and services for free forever. You’re going to get access to our first ever conference, curzio Research Conference that we’re probably going to have. I would say that’s a one conference for one members. We get to meet me and my team and everything and Daniel and everyone right Up close and stuff. I’m invited Wonderful. Yeah, I think I’m going to invite you, Daniel. I’ll invite you, but you know, the membership is really cool. It’s a good community and stuff like that. It’s really cool and I want to try to offer a special rate so people can see this deal and maybe a one-year rate and then the following year, if you come in, you’d be able to take that price off of that right.

So we’re trying to find something, because this is it’s not often we get really good deals across your plate that are really exclusive to us and the deals that we’re getting now and you know it’s all the hard work that we’re all doing, the contacts and stuff like that we’re getting in with really good members, high profile people. You can get into a hundred deals if you want private. I mean Reg A deals are all about that. I don’t think I’ve ever seen a Reg A deal actually work ever. I mean that means you know you don’t need the Reg D to credit investor filing. You know it’s kind of like the way that you rob investors and it’s okay because everyone wants to get in private deals. These are really high-quality deals. Not all of them work, but this one and the one that’s coming behind it are really cool in two and one month, which is cool. We do about three or four of these a year.

But if you’re interested in learning more about Curzio One, Frankcurzioresearchcom. You’re going to get the interviews that I’m taping today. I today, I’m going to release them to one members in two weeks from now and I’m going to ask them the tough questions. Okay, it’s going to be serious questions about these guys. You’re going to see their background, what their plan is, what they plan to do, how much money they put into this deal, everything, right, everything that I’ve learned from these guys over the past two, three months and about this company you’re going to see in this interview, be able to see, but the interviews will be for one members and we’re going to release that probably in the next couple of weeks or so. So, lots of fun here, with the one membership open getting lots of demand. We’ve got probably about 10, 15 people that inquired. Once you do and you send me an email, I’ll set up a meeting with you one-on-one. You get to talk to me.

I and both of them came in for the deal. Most people are going to come in for the deal because the deal is really good and then if you’re a credit investor, it makes a lot of sense to really come in at the levels that you come in at this membership and also with these two deals on Slate. I mean, my hope is that after this you’re going to subscribe for the full amount next year and get into everything else, but it’ll give you access. Done a lot of research on it, I think. In terms of the risk profile, I don’t see, you know, a ton of risk here because it is a company that’s generating money. We’re getting at a very low valuation, it does pay a dividend and these guys are really good.

I expect this company to go public in about nine months nine to 12 months and if, using where you know, we’re looking at 80 million over the next two, three years, you know hundreds of millions of dollars, you know, if we see that, two, three, four, $500 million, this is a stock that’s going to be a 10 X for us and that’s what I’m hoping for. So, if you’re interested, again, Frankcurzioresearchcom. But I did want to get into the markets because there is a lot going on. We’re still in the middle of earnings season, right? Daniel?

0:14:43 – Daniel Creech

Yes, but I got to interrupt you and stop you because I got to talk about something else. Before we get into earnings, if that’s okay, the best. I don’t know. Did you see what the best bankster on Wall Street said? It’s gone viral.

0:14:55 – Frank Curzio

Yeah about stay-at-home workers Florida Zoom Frank.

0:14:59 – Daniel Creech

Yep, florida Zoom and remember, I’m not saying Florida the way Mr Jamie Diamond did what are your thoughts? I love this. Here’s why I love this Because listen, my heart goes out to everybody that wants to work from home. I know some people that are in a position to say you know what I really don’t like going to the office every day, and everybody that says they’re as efficient at home versus the office. I just don’t believe. I’m sorry, I don’t buy that. There are people that can work from home and do better than the majority. I get that, but we’re painting with a broad brush here. People and Jamie Diamond I guess it says leaked audio from a meeting or whatever but this sounds like Frank Curzio.

All New Yorkers talk the same hilarious. You guys are just awesome. You know. I would read a quote here just to put this in context. He says we also had and you know I’m right about this when a lot of you were on fucking zoom and you’re doing the following you’re looking at emails, you’re sending texts, you’re talking to the other person telling them what an asshole they are.

I’m thinking who says this is like Trump. Everybody thinks this and does this and, you know, thinks about this, but nobody really says it and nobody at the top of a chain, the chain being the largest and most successful bank in the United States. I absolutely love it. I think this is a massive paradigm shift and it just kind of goes to show about how easy things can fall in line when you actually have leadership and stuff.

For those of you that may quit your job or say, hey, I want to change if you don’t have to go in the office every day, I get that. I understand that. I’m simply saying that you can’t argue with these kinds of results and the. I think it’s a great opportunity. If you want to provide your, prove your value and work from home and show that the results speak for themselves, that’s fine. But I just loved his straightforwardness hey, if you don’t want to work here, you can use your feet and walk away. Don’t be mad at me, I’m not mad at you. This is how you build a great company. I think we need more of that in the corporate level because of the last four years and we have it, and that’s not a political statement, that is more of a just a leadership statement. So any thoughts on that? Frank, after I did you? Did you listen to it, or did you just kind of shut it?

0:16:57 – Frank Curzio

off. You know what? I like them. I do, I like them. I don’t know if it’s such a leadership statement, because I think if you had balls you would have said that three years ago and not when everyone is OK with it because Trump’s now elected. You know, it’s kind of like like everyone loves Trump now. But if you say you like Trump, you know, especially in Hollywood, you got fired, right it’s.

You know who’s the guy who came out in football who said that you know he was gay and when, and everyone was like you know, oh my God, you’re so brave, you’re so brave. I’m like I didn’t think he was that brave because the whole world has shifted, where back in my day, if you say you were gay, you probably got your ass kicked. Now you get your ass kicked if you’re not gay. So it’s kind of like the whole world. I didn’t think it was that brave because it’s such a different world. I thought what Magic Johnson did when he said that he was incredibly brave because everyone was afraid to go, like you know, within three blocks of the fucking guy back then with AIDS, no one really understood it Right. So my point is, when I look at you know, a lot of times he says stuff, but he says them at the right time. I would have liked to have said this a while ago, because this has been going on for five years, gotcha. But with that said, listen, you know, good, he’s right and Right.

And I think people have to realize, like the whole, you know, when it comes to like freedom of speech and watching football and people kneeling down, you don’t have freedom of speech at your job, ok. And if you think you have freedom of speech, again I say you could stand up on your desk and say, hey, I think you know. If you’re a guy, say I think men should make more women and women are assholes and see how quick you get fired. You’d be fired. You don’t have freedom of speech at your job or at a workplace, right? So you know, if you were controlling the workplace, you could tell. You could say, hey, listen, fuck off, you’re coming in or you’re done. Right, because definitely, the numbers that they have with productivity, we have people that work mobile and most people work mobile and we make it work. And if it doesn’t work, then you better get your ass in the office or you know I’m going to fire you. Right, and and that’s very, very important.

So in some areas, especially in in in those circles I mean, I have my team coming here, a lot and stuff like that. It’s different, the management team. But you know you’re the boss, you get to say whatever you want. I just, you know it was a leadership thing. Yeah, if you said a couple of years ago, I would have been like you know, okay, that’s really cool.

But you know you said it at a time where everyone’s you know you’re going to be a hero for saying something like that right now, especially with Trump coming in. But you know, I’m glad it went viral. It’s very true. And you forgot about people who really worked their ass off to support their families and what about those fucking people? Right, and now you know that’s why I think a lot of people turn and voted for Trump, because you’re like what the hell is going on here? And even people that really don’t like it, they’re like it’s much better than we currently have. So you know, good for Jamie Dimon. You know good for, uh, jamie diamond. I think he’s right and I agree with it. And, yeah, that did go viral and, uh, he’s getting a lot of credit for it.

0:19:41 – Daniel Creech

So, all right, let’s get something valuable, good for you. Want to talk about earnings?

0:19:44 – Frank Curzio

oh, earnings, I mean earnings. Listen, I’m gonna be honest with you. If you look at earnings right here, um, we’re, we’re about 70 percent, uh, into earnings. Uh, I think it’s 60 to 60 percent of the companies reported since Friday. And then we have companies I think it’s going to be probably like 75% by the end of the week. But, holy shit, I mean, if you’re looking at these numbers, 62. So if you have 62% of companies reported, this is, as of Friday, right After this week, it’s going to be over 70. So we look at Friday Q4, they’re reporting year over year earnings. The growth rate, you know what the growth rate is 10% plus.

All right. So the growth rate is usually like 8% on average, historically right. Sometimes you go 10%, 12% holy shit, and you’ll come off. Remember, these are year-over-year, so if you didn’t do good the year before, chances are you’re going to do really good now, right? So 2022 was kind of a weak year. The market crashed, right, and then you had a good comparison to the other year.

We’re coming off really strong earnings from last year, Year over year Q4 from last year we’re growing at 17%. It’s the highest year over year growth rate in earnings in three years. So when people say we’re trading at 22 times forward earnings, holy shit. We’re usually trading at 17 times forward earnings, with earnings growing at like 8%. Okay, maybe 18 times forward earnings on average, right? That’s like the 10-year historical rate 17, 18 times. So when you hit 20, like holy shit, we’re expensive.

But you have to look at growth. It’s why growth has outperformed value for 15 fucking years, right? Because growth matters If you’re growing. This is how you get the Palantirs. This is how you get the Netflixes. This is how you get the palantirs, is how you get the netflix. Is this how you get the max seven stocks, the names that have gone through the roof and then videos and all these names. It’s because they’re growing like gangbusters, right.

So growth. You look at all those names, you would have never bought them. Looking at a p and saying, holy shit, it’s expensive. Or the cape ratio, which I tell you, please take that, crumple it up and throw in the fucking garbage. If you use the cape ratio, you, it was just a home shill. You would have never bought a stock in like the last seven, eight years, 10 years. It’s a joke, right.

So I hate when you’re using metrics without putting things into context, especially interest rates. Yes, interest rates are higher, but earnings are growing. I mean 17%. We’re trading at 22 times forward earnings. You cannot say that we’re expensive. We are not expensive, Okay. You can’t say we’re cheap. We’re not cheap but we’re not expensive. We were much more expensive a year ago than we are right now. I mean we’re trading at 21 times forward earnings with earnings growing not as fast like 11%. Right, we’re growing much, much faster.

So you know, when I’m looking at the earnings, it’s like this holy shit moment. And then you know you’re looking at earnings for energy companies just came out, you have devon and occidental. Both are up nicely today. This is an industry that’s gotten annihilated. Annihilated. And you what’s happening now? We’re seeing these industries even cyclicals and consumer staples and different things, like industries that have lag, like financials look at where financials how much money is poured in financials are taking off right and the smp is near its all-time high here.

But you’re looking at some of these names where they get so sold off that they make sense and I think oil is there because devin occidental decent numbers, but man, it’s just the environment’s really ripe for that. I know we’re going to turn on the oil and shit like that and we have, you know, ukraine and russia. Maybe we settle that. People might think that’s bad for oil and energy and stuff, but you know, just a lot of that is priced in for so much negativity within oil that man, a lot of these names are just sitting. They’re layups. They’re very good, they have very strong balance sheets. They run very, very well, much more better than any time in a down cycle probably in history. I mean, these guys are still paying dividends and stuff like that. They’re buying back stock and you know the sector hasn’t been doing that good Oil has been coming down Now and you know the sector hasn’t been doing that. Good Oil has been coming down. Now you see a little bit of strength in oil. That might be a sector to turn to.

0:23:23 – Daniel Creech

But yeah, the earnings so far have been very, very, very, very strong, much stronger than everyone anticipated. Yes, absolutely. Speaking of Oxy, I just lost my place. Bear with me here one second, Frank. So what I like about this is the you mentioned a couple of good things there, so are we going to see this drill, baby drill from President Trump and his policies? And the Secretary of Treasury Besson is talking about this increase of three million barrels per day? Frank Devon Energy reported and I don’t have the charts in front of me Are they still up? They were up about 5% earlier. Yeah, like 6% right now. All right, sweet. Devon is paying back a lot of debt, as well as Oxy, and these two are great learning kind of stocks here, because Devon looks like they’re going to increase production around 10% from last year to this year. They’re a much smaller company. Oxydental, Oxycodone where’s?

0:24:15 – Frank Curzio

my line, Frank, I like that.

0:24:16 – Daniel Creech

Look at that. This is back in my pill days. That’s great. Oh, the Freudian slip. I love that. I’m telling you I was part of that. I should have gotten some from the Sackler family, I think everybody was part of it, because anybody who had a surgery, that’s what they freaking gave you, but yeah, no kidding. Devin’s up me. But um so Occidental, do you ever drink on those pills? Well, yeah, Frank, that’s why you, that’s how you feel good on them.

Whenever you take a pill and they tell you don’t drink you take two oxycodones and drink a glass of bourbon and you will feel flora. Fantastic, you do.

0:24:46 – Frank Curzio

I know it’s so bad to say.

0:24:47 – Daniel Creech

You might not be able to move People like emailing in saying, well, it’s so good, Frank’s the guy that drives around after a hip replacement on like the same day or whatever.

0:25:04 – Frank Curzio

I’m still alive. I’m still alive, but Devin’s up 10%. Let’s get back to Devin. Okay, so Devin’s up 10%.

0:25:10 – Daniel Creech

They’re increasing production about 10% year over year is what it looks like. They pay a dividend. They’re putting all their assets into their smartest and best premium shale plays and stuff. But Chevron, the big dogs, one of the big dogs they’re increasing production, give or take 6%, looking from last year into next year. And then Occidental Petroleum is kind of hanging out around flat because they showed they expect they had 1,463, so this is a million barrels of oil equivalent a day for 2024. And their projection for fiscal year 2025 is right around that. It’s between 1385 and 1445. So give or take flat production. Now Occidental is interesting because these guys are really paying down some debt targets over acquisitions they’ve made and Buffett helping them out with that.

I got this completely wrong and here’s the learning lesson on A don’t hold on to losers, but B follow them and understand when things change. So I recommended this incorrectly in Dollar Stock Club all the way back, Frank, in August of last year. We held on to it until October, so two, basically two months, and we took a stop loss. Now I recommended that stock at $58 and change. The stock today is still under that, I think with the pop. And my point is I’m not saying, hey, you know we should have held. I’m simply saying we got out at the right time. It’s been dead money. But now, if you, it’s only 51 right now, okay. So my point is we would still be down, but now you can take a fresh look, you can look at this and you can reevaluate.

They hit some amazing debt repayment targets. They have a solid balance sheet. They’re already announced more divest I always screw that one up divestures over a billion dollars in Q1. They’re going to pay back debt for 2025 with that. They’re starting to generate a lot of cash. You got Buffett in there constantly buying shares.

Listen, I’m a little stung emotionally from this, but I’m not saying to stay away from this forever. I do think there’s a lot of great oil and gas plays. We put those in CRA in different portfolios, but I’m just saying this is a teachable moment. Look for increased production, look at make sure cost is going and you want to make sure you have great operators in smart areas. The big dogs are all in the Texas areas and United States. As Frank always talks about friendly jurisdictions and governments, you don’t want to be in some small place in Africa somewhere, and a new government comes in and ups your royalty ante from 10% to 90% overnight, and I just really like this.

And one last thing, Frank I like the coal stocks because I talked about interview with CVX, chevron Energy CEO, and he says Listen, you go back 2030 years ago. Oil, gas and coal made up about 80% of all of our power generation and supply. Fast forward to today. Guess what? It’s damn near the same. It’s just a much bigger system and that’s including solar and wind and such. Well, if you look at BTU and I’m not trying to catch a falling knife here, I know Frank doesn’t like watch list, he was cussing about those the other day on a portfolio having fun but BTU, peabody Energy and Arch who had to, Frank? I didn’t even know that they merged, but Arch Coal or Arch Resources used to be merged with somebody, and now it’s a new ticker CRN, cnr. Excuse me, but anyway, btu and the CNR Coal Natural Resources have absolutely fallen off a cliff. If you’re into dirty coal or making money, Frank, I would keep your eye on that.

0:28:35 – Frank Curzio

Yeah, they have Wow look at that chart CNR Holy cow 130,. They have Wow, look at that chart CNR Holy cow 130.76 in basically two months. But even going back, when I look at Devon Energy and Occidental, they’re both I mean, these are names that have down like 11-15% for the year. But the chart looks nice right now. Right, you see this bump up now that’s actually coming back right. And you look at what these things are trading at, it’s like single-digit PEs and stuff. I don’t know if that’s exactly right at four times forward earnings. Maybe I got to just look at the adjustments and stuff like that. But these guys are really good companies. They’re trading at their lower levels and they have all the risks priced in where, if oil does go higher, these guys are going to do very, very well and you might see consolidation in that space as well, because some of these prices you always have the Exxons, you always have the Chevrons, the BPs. I mean this is what they do. They do it every fucking cycle, right? They perfectly fit for the. They prey on these cycles, on cycles where these oil companies get over leveraged and get annihilated and then they buy everyone in the industry, right, I mean they do it every single cycle. It’s amazing. You talk to the greatest people in energy for 30 years. They always say the same thing. They’re like I fucked up the most because they almost went bankrupt three, four times, but now they pray for freaking pullbacks. They pray for down cycles because that’s when they go crazy and buy the most shit and land and everything. And you’re going to see that right now in oil, oil is just really primed to go a lot higher from here where it is, from these levels, which is pretty cool, but yeah, just to see how much these are down. Yeah, it’s pretty crazy, but great sector and a lot of other earnings are coming out. We’re going to cover a lot more of those.

I want to talk about small caps really quick before we go. Daniel, about the, you know off of the subject at least, but you know when you’re looking at small caps, I believe tariffs is going to be good for them, right? Because that means more stuff’s going to be in-house and a lot of these companies when I say in-house, domestically, produced domestically Even though when we see tariff lines, it’s kind of like a risk-off event. You see crypto, you see biotech, you see small caps sell off. I just think, when it comes to earnings, these guys are going to be very, very good.

And here’s proof of it, because there’s a lot of drivers of small caps and one now, high yield spreads are below three percent. Again, everyone’s worried about that. Oh my god, we’re gonna die. Oh my god, you’re gonna lose reserve currency status against 1970s. I’ve been hearing the same fucking shit. We’re gonna see that. We’re gonna see that the right, we’ll see it. Well, before it happens, with spreads spreads right now, high yield spreads below three percent very positive small caps.

Uh, and the best part of this is this is going to be the first earning season for small caps. Some of them are reporting. They report late. A lot of them are going to be the first earnings season for small caps. Some of them are reporting. They report late. A lot of them are going to be reporting. Now it’s going to be the first quarter and I just learned this I don’t know if you knew this, Daniel that they’re going to report positive earnings for small caps in over two years. This is since Q3 2022. So what we say? Well, most of the Russell 2000 doesn’t have earnings. It was 25%, 30% of the Russell 2000 doesn’t have earnings. It was 25%, 30% of the company.

Now there’s a shift right and this is what I learned even from Paul Kessler, who I’m going to interview again with the Sugarfina deal. He was telling me I was like why consumer staples? And he was telling me how there’s a big disconnect where the investment funds and funding they really don’t want to touch the $50 million to $200 million deals. And that’s the opportunity for us to really build this up, because as we build up a company now, we want to do a deal like they did with Prairie Operating PROP. They did a $600 million deal and everyone jumps on them and they know all the investment bankers and things like that.

When I’m looking at small caps, I feel like there’s this disconnect here and a lot of people and a lot of investors are underweight. And if you’re looking at the active managers and Jeffrey’s had a report this is a really cool report, guys Jeffrey’s had a report and they were saying that the active managers and small caps are so behind that they need to add alpha to catch up. Right, that’s a term saying we need to add on kind of more risk or try to fill in the gaps. This way we up performance To get better performance, you’re going to have to take on more risk, right Most of the time. So these are names with higher price-sell ratios. Higher PEs are likely outperform in small caps in Q1, maybe into Q2.

And Jeffries came out with a report and they listed very positive on small caps and listed 14 names that are going to need to come that they really really like here that could go through the roof because they’re underweight and they provide like that alpha for these managers and you know we’re going to cover that tomorrow. You know which is our paid version of Wall Street Unplugged Premium? Give you some of those names. One of those names is in our portfolio that hasn’t done too good. One of the only ones that is really not too good in our AI portfolio. Our AI portfolio is doing very well. That’s ArcBest. So I’ll give you one of those names. But I’ll cover a lot of those names that they say but small caps, right now a lot of these things are sold off, but you’re going to see more money, especially that they’re underweight right now that they need to really get in there and stop buying. You’ll see probably the names that have again the higher PE ratios, the higher price-to-sale ratios, the more aggressive growth names. You’re probably going to see money pour into them. It’s probably easy trades going forward, which you’ll see through our Dollar Stock Club portfolio, which is part of our Wall Street Unplugged premium membership.

But I just want to talk about small caps a little bit, because everyone’s just they’ve significantly underperformed Even bull markets. They usually outperform. They just significantly underperformed Even bull markets. They usually outperform. They just significantly underperformed the markets the past few years and I think it’s time for them. We’re finding lots of ideas in our news Curdia, venture, curdia, ai, small caps as well. So I’m seeing lots of really good ideas and we’ve done well. We’ve done well for the most part in a lot of these stocks, but not the whole sector. I don’t know if the whole Russell Shedown is going to see a lot more money pour into this, which is pretty cool.

0:33:56 – Daniel Creech

What was that stat? First time in two years, they’re reporting what Growth Positive, earnings Positive.

0:34:00 – Frank Curzio

Positive earnings. So you know the small caps on the Russell 2000. So, yeah, it was a great note. Jeffrey’s did a really good job on that Again, and this is some of the stuff that we have access to which is cool that I like to share.

I think another thing before we go into you know, gold and Howard Hughes and stuff like that. There was another story Bank of America came out with a note. Bank of America comes out with really good notes, dan. They come out with these really good notes and you get global fund surveys and asset allocation and trillions of assets and where it’s moving to you know weekly basis. And they just came out with their latest note on their global fund manager survey and I read this to gauge sentiment. And you have all global fund managers, right, you know whatever trillions in assets, and they’re saying you know where we’re investing, you know what we see the market going to do in the next 12 months or whatever.

But the thing that stuck out to me is cash levels. The cash levels are at 3.5%, which is a number you probably have no idea. I didn’t have any idea. Whatever, it’s that good or bad, it’s a 15-year low. Okay, and I’m going to bring up a chart if you’re watching this on YouTube, because that’s how important this is to understand. Because if you’re looking at the markets, and for those who think, like you know, the market is going to crash, this supports your thesis. Because when you’re looking at this chart right here and they highlight it from 1999 I’m just going to go from 2003 here to 2025 this 3.5 percent of cash levels right, that’s our average cash level there’s percent of their assets and management three and a half percent. It’s really never been this low and the closest it’s been is a couple of times. Uh, and it’s a contrarian indicator because when they highlight, well, you can’t really see from the three percent. But you have to reverse it, right, you look at things backwards and you’re looking at where they had the highest cash levels and they point out to five events. Okay, they point to a bunch of events, but I highlight a bunch from six of them. Okay, it’s October 2022. And this is where cash levels will add highs, because right now they’re at lows. So, if I take the high levels, where was October 22? It was the absolute low right Before the markets took off in 2023.

Before that, when did they have the highest cash levels, near 6% April 20. One of the best buying opportunities ever, right Right after COVID, october 16th and June 12th, with two other areas I wasn’t too sure of them. I looked them up. The market took off one year following those two periods and then the other period was December 08. Again, one of the best times to buy stocks. Yes, you suffer for three months as you hit the 666 low from 2009, from January to March, but then this market absolutely surged after that. Absolutely surged, right.

So if you’re looking at the periods and you reverse this chart and I have it up on my screen please take a look at it. I’ll post it. If you want to see it on my Twitter at Frank Curzio, follow me there. We’re starting to get a lot of followers now, which is really cool. It’s ex-Frank, ex-twitter. That’s probably why I don’t have as many followers as I should have. I’m not even naming the platform, right, but if you look at this, I’m going to post this chart seriously and take a look at it, because I’m highlighting the green areas and hopefully I can post it. I’m going to cite Bank of America and then they suspended my account for a couple of days one time, but I always cite everything, but I don’t know, maybe I might not put it up, but if you look at this fucking chart, it’s pretty crazy. Just go to YouTube channel Curzio Research and you’ll see it. And at 3.5, usually that’s a sign that it’s not good for stocks, because if you reverse this and you see when they have the highest cash positions, it’s usually the best time to buy and that’s when they start pouring that money in and that’s when you see a lot of you know, more liquidity coming into the market. Now at 3.5%, and then you’re cutting government spending. We’re trying, we’ve seen interest rates are supposed to go lower to stimulate the economy than not to staying higher. Where’s the money going to come to fuel the next wave? It’s something to think about, right, because we always say, hey, you know what If it’s not broke? You know, and that’s why we’ve been long in this market right In October 2022, Daniel pointed out in that time period we were pretty bearish.

I was pretty bearish, you know, and then, you know, we switched. A couple months later, a lot of dynamics changed. It turned out to be, you know, we were late to the party in that. You know. Right now, you know, we’re bullish on the markets see so many charts and they say the last time this happened was it? You know the credit crisis, and you know the dot-com bubble and and you know the great depression and this is you know, but you know it didn’t. When you really look at the details and you really look at the charts and you understand what they’re actually saying, a lot of it’s bullshit. This isn’t bullshit. This is something that should like worry a little bit. So I think that was a good note by Bank of America. Good job. I’ll try to post this and hopefully I won’t get kicked off X X, not Twitter, but that was pretty significant. That was a really, really good note that I wanted to share with you guys.

0:38:26 – Daniel Creech

I like that. One of the notes I was going through that and I saw one of the things that stuck out to me was 77% of those fund managers expect rate cuts in 2025. 46% expect two rate cuts 27% one and 4% three. That’s against 1% of fund managers that think the Fed will hike this year. I have to admit I was surprised by the 77% number expecting rate cuts. I thought that was a little high. Now I know we have some seasonality and some easier comps coming up over the next season. You know inflation reports and such but to your point, along with that contrarian indicator, I would look at that as a contrarian indicator as well on the fund side. Yeah, you want to talk about 13Fs, Frank.

0:39:17 – Frank Curzio

I mean, yeah, you can get to 13Fs, let’s get into 13Fs, because I was going to go a little bit further into that, but let’s get into 13Fs. Oh well, no, we don’t want to stop. No, no, get into 13Fs, let’s go in, because there’s a lot of stuff going on too.

0:39:26 – Daniel Creech

Okay, did you see Bill Ackman is making— because that’s my favorite up against your Tepper Now, he did a great job. So when you go through these 13 Fs, these are the filings of $100 million or more and what they have. They are two months late, so this is at the end of 2024, so they could be out of some of these positions. So take it with a grain of salt. But, Frank, mr Stanley caught the end of the year rally in a post-Trump rally because he in new positions. He went into the airlines UAL, aal and DAL, so he had to get a quick pop there. He also bought Amazon no brainer, wonderful Wells Fargo getting into. These are all new positions, again using the banking system. There We’ve like financials and, of course, google. He added All right and Lilly, even after that pullback.

But what really caught my eye, and even though I hate this industry, the pharmaceutical healthcare industry Teva, t-e-v-a, Frank, israeli-based generic manufacturing drug company. He increased his position by from 1.43 million shares and remember, these guys got a lot of money. So take these with some salt. But, Frank, if you increase your position from 1.43 million to 9 million shares, that’s a 500% plus increase. That gets my attention a little bit.

And what’s wild is when you look at Teva on a chart. It had a great rally, it popped up, it gapped up higher, it traded sideways for a little bit and it’s essentially right back down to the levels that it was trading during the quarter, which is when Mr Druckenmiller was adding to his position. Now again, I don’t know if he’s sold completely out of this. My point is, if you’re looking to follow these big guys into different names, I would definitely look at Teva, because A the industry and B the action and the price stock, and we’ll see what happens when they have to file the next 13 Fs, which is going to be a couple months away. But that’ll be interesting to see if Stanley has kept, increased or decreased his position. I thought that was interesting. Any thoughts on Mr Druckenmiller?

0:41:29 – Frank Curzio

I’m looking at Teva right now too, guys. I had this up at the chart and it seems like it made a massive move in December, so he bought 1.something million shares.

0:41:37 – Daniel Creech

right, I december, so he bought one point, something million shares, right, I don’t know if this he had, he had 1.4 million and over the quarter.

0:41:40 – Frank Curzio

He bought 1.4 million, like like two quarters, you know, like whatever. So he bought it like the quarter before and that would allow you to say, hey, you know what he’s getting into this and drug mill has has a history of really like adding to a lot of those positions and then he added a lot more to this position. This thing took off. Uh, I don’t know if that’s the reason why it took off. Tv probably had some kind of news, but the stock absolutely crashed and I’d like to see when he bought this. You really don’t know. It’s any time over the past, pretty much three, I would say a little over three months, right, because they closed the books probably a week or two ago, two weeks ago, and it’s that three-month period before that when they buy it. So I’d like to see when he bought it, because if he bought it up here, I’m not really too happy if he bought it at 22 because it was trading in the 20s from mid-December to basically mid-January, end of January, and then it crashed and I wonder if that’s where he added his shares. Either way, you’re getting it at a price that is, it’s six-month low pretty much, and you talk about one of the best fund managers buying it. That’s something you want to take a look at. That’s definitely something you want to take a look at, like that’s definitely something like you want to look into.

Right, that’s how we look at 13Fs. It’s not just, oh, you know, warren Buffett bought this so we’re all going to buy that. It’s more than that. It’s looking at it. That’s how I would look at Teva. Just to take it through my process of thinking, wow, this stock was up. Okay, he bought it out of it. So you know, getting in at 17, I would say you’re probably going to get in below the price the average cost basis that he has of a fund manager if you buy that stock here, and I think that’s pretty cool, right? So you know you’re not going to take that big of a position. You know, again, it’s not a massive position for him, but in terms of 7 million shares for the stock, yes it is. But you know that might be a good buy here, just by looking at 13F, and that’s how you look at 13Fs. It’s not that you’re just going to follow a guy into it. You don’t know where he bought it, but I could look back kind of where he bought it and it’s pretty much higher than this price I would guess the average price are close to this and you’re buying it alongside of him without having to have $5 million to get into his fund and paying $220, so which is pretty cool.

So that’s how I look at some of these things. So you know, bringing that part up I don’t know if you wanted to go you know there’s a few that I saw and stuff. I was just looking at icon as well. I have it up here in briefing, so I just type in 13F and it gives me all of these which you know, 13f guys, if you’re not familiar, that’s you know all the you an opportunity to see what they’re buying and selling. It doesn’t necessarily mean, you know, like I say, you want to buy right after them, but maybe you want to track these things and when they come down and you have a guy like Drunken Milt adding to that position, teva seems like a really good buy. You know Kaliakon didn’t buy anything new, decreased a couple of positions. I mean he’s got JetBlue in there, which is kind of hurt right now. He had to buy more of his own company, didn’t he? Yeah, he did. He bought some shares of his own company.

0:44:21 – Daniel Creech

Yeah, but I mean he’s going to have to do that. Yeah, I think I guess I shouldn’t say he has to Nelson.

0:44:26 – Frank Curzio

Peltz increased a couple of positions U-Haul Value Act Again, new position, which is cool Main 10 positions, roblox, which got wrecked but then came back. Actually, it was up a ton before it got wrecked and I think it came back a little bit. But I didn’t really see 13S, where a lot of stuff stood out to me, where everyone’s buying a certain sector. I know that we’re seeing, you know, tepper talk his book and we saw, you know, baba really take off and stuff like that. They added a trillion dollars, a trillion dollars, right, just, which is incredible to me.

We’re not talking about the US, which is a lot bigger, but when you look at the deficit of a trillion dollars in a month, okay, and I know they’re doing a lot to really stimulate their economy and I know, if you’re looking international inflows at the highest levels in Europe, we’re seeing a lot of international markets do much better. You know China actually come back stocks, but still the underlying fundamentals in China I mean this is like a momentum trade, I think more of a trade, but I just don’t see it still. I still think it’s very, very dangerous. It’s nice to see Macau kind of bottom out here and you’ve seen that where the Las Vegas Sands and the Winds reported decent numbers, again off their lows. I think those are much better buys. They also have exposure to other gaming areas in Singapore and Vegas, obviously, but just be careful, because I think it was JD that didn’t do that good. One of the names didn’t do that good. It might have been Baidu. Actually I think it fell, yeah, baidu.

0:45:50 – Daniel Creech

And then BABA. Because I was joking that President Xi met with Ma from BABA and that stock popped a little bit yesterday and the other ones did not. So that’s how you goose economies, you don’t only just so, the Chai Coms increased their debt by a trillion in one month. Is that what you said? One month? Yeah, look at them coming to the craziness drunken sailor game. Good for them.

0:46:13 – Frank Curzio

And look, you might see that as a good sign. Okay, that stimulus coming to the markets. But let me tell you something They’ve been doing this for two years and it hasn’t fucking worked Right. And their debt crisis is getting worse. I mean their economy is getting worse. I mean you’re looking, it’s just you know you’re waiting for aF, so you had anything else you want to discuss.

0:46:39 – Daniel Creech

No, I can’t be. No, I can save FUTA for tomorrow.

0:46:41 – Frank Curzio

I want to discuss gold. I mean, you know, the move into gold is serious here and it should be. You know like we kind of make fun a little bit and people love gold forever. There’s times by gold time not to. We’ve been very and some people would never, ever do that and they just I don’t know why, but you could be bullish on both of these things.

But when you’re really looking at gold man, I feel like this level of 3,000, everyone’s like waiting for and I really don’t give a shit, I really don’t. I mean, I feel like this is the level of Bitcoin, Daniel. Remember Bitcoin? It hit 64,000 March 2024. And then it fell sharply off those levels 64 000 march 2024. And then it fell sharply off those levels and it started building back up. Uh, and that’s 64 level. This is in march 2024, I’m sorry. So when I look, the first time I hit that level is november 2021 and it just was a shitty market since then. We’re waiting for it to hit the 64 000 level and it finally hit that in march and I’m like, you know big deal people like, oh, it’s a new high and see that. I’m like, and we said it right, we were clear as day. You know Bitcoin’s going 100 grand and it only took nine months to reach that.

So you know news. You have to take the news for what it’s worth. They are not on your side, they don’t give a shit about you, and that’s fine. Just know that. Okay, their job is to create excitement, so more people watch, so they generate more ad dollars, so they’re going to put on stories that are exciting. That’s why you haven’t seen gold on there in a long time. That’s why uranium hasn’t been on a long time. You see these sectors and they want to talk about AI and that’s why you’re seeing everything about Doge all the time. Right, because people want to hear about that, because it incites emotions and people are pissed and they’re going to post and they’re going to engage and that’s what they want and that’s what they want. You’re an investor. You’re different from what these fucking people are, which is fine. I respect them and I have a lot of friends in the media. That’s fine. They’re doing their jobs. Your job is to make money for your fucking family. That’s it, period. And to do that, you want to take for what it’s worth of what you’re seeing online Right now. With gold, they’re going to probably three to six months once we break through 3,000. Now what does that mean? Once we go higher and it is it’s going to go a lot fucking higher from here.

Trust me, ruralities have benefited. Those are good companies, large producers, starting to ramp up. You’ve seen them benefit. You’ve seen the buy rating. Someone just upgraded Newmont from sell to neutral. Yay, good job, good timing on that one. I won’t tell you what firm that was.

And now you see, you know mid-tiers as well, because they’re producing, they’re benefiting from the higher price. So you had this inflation, everything, which I got wrong because I I knew gold prices were going higher. Inflation was going higher in that industry faster than the price of gold, so that the profits they weren’t making, those huge profits that I thought. Because when you saw like 2500 holy shit, you know these guys a few years ago, Daniel, we covered this the oil and sustainable costs were under $1,000. And then they went up to like 12, 13, 14. So as they were increasing tremendously 30, 40%, you know, inflation was increasing 30, 40% along with the price of gold. So they weren’t seeing their profits. Now that they have inflation kind of not going through the roof anymore, but you see gold prices go up. These guys are going to be printing money Now. The next $500 move from $3,000 to $3,500 and higher.

That’s the junior miner shit and this sector has been fucking horrible. I know a lot of good people in there. I know a lot of crooks in that sector as well. If I’m covering it. I spoke at a lot of events. I was a keynote speaker at some events, did lot of speaking with marin katusa. You know just rick, rule and and sprott and stuff like that. Just great resources, that jeff phillips great, great resources in that industry. That’s an industry right now that can generate 3x to 5x potential returns.

You’re going to see a lot of those names start making their way into news. I’m going to probably start working a lot of those names consulting. Teach them how to market and consult how to actually make your company exciting, how, how to tell a story, not just oh, gold’s going higher. Okay, if gold’s going higher and you think the dollar’s going to lose reserve currency status and it’s a store of value, every fucking gold company is going to go higher. What’s specific to your company? Why are you going to outperform? And a lot of those guys don’t know how to tell that story. That’s what we’re helping out. That’s why our consulting division is doing very well and you know, working with those companies.

But that’s an area you want to start researching. There’s a lot of bullshit in it. But man, gold is gold junior minors start looking at them. There’s a lot of good projects, a lot of good names in that industry. Uh, you scrape off the 10 man. Those things have a lot of upside potential.

If you’re a believer, like I am, that gold’s going to go a lot high and just zip through to 3 000. So so don’t focus on the 3,000 everyone’s going to be talking about in CNBC Big fucking deal. This is going a lot, lot higher than that. We all know it. We all see it. Don’t even look at 3,000 or whatever. Just, you should start buying these names now in Junior Myers and I think you’re going to do very, very well. And if you have trouble buying them, you don them behind this. That I’ve learned. It took me a long time to learn. You don’t just want to buy any one of them. A lot of these things are bullshit. They’re going to lie to you. It’s garbage. There’s really five rules that we really follow that I actually go over with my investors and also with our subscribers, and they know those five rules. Before we buy any of these companies, make sure you follow those five, because it’ll limit your risk significantly in an area that’s very, very risky.

0:51:35 – Daniel Creech

Yes, well said, amen Frank man, I like that, I like their call. 3,500 in a couple months or months.

0:51:41 – Frank Curzio

You said I like that. I would say, within six months we got 3,500. So I, even with bitcoin, it’s like 64,000. We paid two, three years to get there. I’m like it’s going 100 grand. It’s like okay, fine, and everyone’s like it’s an old time. I and they want to wear hats and shit like that. It’s like you know it. To me it’s gold gonna go a lot higher. I mean, now it’s finally there. It go a lot higher. I mean now it’s finally there. It makes a lot of sense now.

I mean, just, you know demand. You’re seeing central bank demand. I mean, you know the vaults and everything. By the way, with the vaults it’s a nice story, holy shit. We’re going to order the vaults and see how much is in there. I’m going to be honest with you. I really, really love polymarket. When I look at polymarket and I looked at that during the whole election and they were dead on they were dead on with the election that’s people they’re betting. That’s decentralized, you know no bullshit, right? So they have a percentage on if it’s fake or there’s not the real amount in there, and I think they have it at just 11. Saying that the story, basically, or what?

0:52:34 – Daniel Creech

yeah what’s that?

0:52:35 – Frank Curzio

that you know the chances of there not being an amount. That people are reporting is just like you know it’s it’s 11 well, it’s 11 saying that.

How do I say this? Where it’s, it’s, they think it’s accurate. So it’s 89 saying it’s probably accurate. It’s accurate that they report what’s in there is what’s in there. So a lot of the stories are bullshit. That’s what they’re saying. Those are people are betting on in the betting market. If it’s going to be anything, I’m just saying they could be wrong. But when you have a decentralized, what people are putting money behind it? It’s a lot different with what people say because, as you know, when you follow people on twitter whatever I mean, how many people told you bitcoin’s going to zero? Nobody fucking shorted those assholes. None of those assholes shorted it, or they’d be on a park bench, right, but they’re going to tell you because it’s different. Those are the real odds. People tend to lose money back and forth, but most people believe that that is accurate, even though it’s a very popular story. Believe what you want. Let’s see if that comes true or not after it gets audited, and we’ll see, because there’s a lot of shit getting audited these days, Not enough.

0:53:34 – Daniel Creech

Where do you quickly on that? Do you think it’s accurate, or would you say not accurate?

0:53:39 – Frank Curzio

I think it’s accurate.

0:53:40 – Daniel Creech

Okay, I think it’s accurate. I’ll take the other side of that.

0:53:42 – Frank Curzio

Yeah, I think it’s accurate, but this is one of those fun things. What do you think? Someone just took it and disappeared and has it someplace.

0:53:46 – Daniel Creech

Well, I just think they’re lying. I mean, it’s not a big bet to say that they’re lying. Okay, maybe they’re telling the truth, maybe they’re not. But the reason, the impact that they, the idea that they cannot be audited, maybe it’s done on purpose and congratulations, they win, because that is a red flag to me, that is pathetic to me. And so all I’m saying is if all the gold in Fort Knox or whatever they’re joking about isn’t accurate, I don’t know that that would shock anybody, so that’s why I was asking about that 11%.

0:54:16 – Frank Curzio

I would be a little shocked, only because and you’re right, you know, but it’s easy just like during a credit crisis, no one knew what everything was. Everything’s on fucking paper, right? You’re not talking about a hard asset that’s stored in a vault which is easily calculated, and when you take it out of that vault and put it someplace else, someone’s going to recognize that physical paper the time it goes through. Guys, trust me on this shit, because I’m in finance, and not just because I’m in finance, because I know the industry, the subsidy. I mean, look at Biden and look at every politician. I’m not going to limit this to Biden. They caught Biden red-handed, right, we’re going to give 10% to the big guy, whatever they can’t find it Because just the subsidiaries that they have and how they bounce it off of so many different countries and how all these countries, literally, you could deposit your money into one of these banks and it would filter through I’m not kidding you through seven or eight different banks in about 30 seconds before it comes out the other end and you have no idea what’s going on and they’re all protected through these organizations.

Everyone’s like well, you can’t do it in Switzerland. Believe me, you could do it in a lot of fucking places. Okay, there’s a lot of banks that do it. It’s a reason why all you can’t look at Apple, look at the big companies, how they filter their money. They’re all going through, like Ireland and stuff like that, because they pay much lower taxes. It’s totally legal. But I’m just saying, when you have a physical asset compared to paper, and even during a credit crisis where you know AIG, what the fuck is AIG? What is GE doing here? What’s going on? Where’s the leverage coming from? How come everyone’s leveraged? Where is all this shit? Because it’s all off balance sheet garbage. It’s easier to hide paper than an actual physical asset, and I could be wrong on that, and I hope I’m wrong on that, because if that’s true, everything is fucking wrong, right, and you’re going to see a lot more shit.

0:55:47 – Daniel Creech

That’s where I come down, that’s where I’m at.

0:55:49 – Frank Curzio

I know, listen, it’s a populist story and you gold prices right now. But when they audit it, I think it’s pretty easy just to walk in there and be like one, two, three.

0:55:59 – Daniel Creech

Now wait a minute. Was there an announcement there’s no way they audit this? Was there an actual announcement that they’re going to audit it? But they’re talking about it. Well, they’re just saying, yeah, it’s a good idea.

0:56:07 – Frank Curzio

How can’t you audit it now?

0:56:12 – Daniel Creech

They have access to audit and everyone doubts it. Why not? You know what? I don’t think that happens. I don’t think a lot of things happen, but I hope so yeah.

0:56:18 – Frank Curzio

No, it’s true, that’s true. Well covered. A lot of stocks. We’re going to cover a lot more names tomorrow.

Guys, I encourage you to want to offer Seriously. If you’re a credit investor and you’re interested, you want to talk to me about it. It’s a really good offer. It’s going to have to pay. You know that membership is going to end right If you come into this special membership for a year, but it is at a special price point.

We got some really good deals. So if you’re a credit investor, we have a lot of credit investors on our list. We have probably 300, 400 people that are thinking about getting into. You know the Curzio One membership in the past. But if you’re accredited and you want to get in, some of you know these next two deals I’m pretty excited about and again you could lose your money on these deals. Be careful. I’m just telling you that I’m putting the most money that I put in these deals for the last 10 years, 12 years, in the next two deals, cause you know I invented these things. I’m excited about them and again it’s not like it’s. You know, if I lose it I’m going to get destroyed. But you know I’m going to be a little bit heavy on these two deals because I really like them, but I’m still diversified through a lot of different deals. So if you’re interested, Frank@curzioresearch.com.

On that note, Daniel, I want to say one last thing, quick shout-out to my dad. Today is his birthday. Okay, he would be 81 today. Died 22 years ago at 59. Fucking crazy, I’m 52. Holy shit, it’s crazy when you think about it. But happy birthday, pop. He did this all his life and yeah, I just wanted to end on that note. But Daniel and I will see you tomorrow on Wall Street Unplugged Premium. And yeah, guys, we’ll see you then. Take care, love this episode of Wall Street Unplugged. I think you’ll really love Wall Street Unplugged Premium. The Wall Street Unplugged Premium is my, a members-only podcast where I dive even deeper into this week’s events. Well, I’ll do even more than tell you what’s moving these markets. I’ll tell you specifically what moves you can make today. So this is going to be about trading. Put big money in your pocket right away due to the inconsistencies I see daily in the market.

I’m talking about specific investment ideas. I’m recommending and tracking each week that I believe will be impacted directly by everything I just talked about today. Plus, you’re going to get the chance to go even further down the rabbit hole with me and my co-host, who’s Daniel Creech, as we discuss which of these week’s trends could turn into massive windfalls the big trends that we see lurking on the horizon. Also, the news we’re picking up from our network of insiders, which has gotten bigger and bigger thanks to you and so many people listening to this podcast in over 100 countries. And you’ll get a chance to talk to me directly in my special Ask Me Anything Q&A session. All that and a lot more like premium interviews with world leaders in finance, technology, industry and politics. This is all part of Wall Street Unplugged Premium and becoming a member is super simple and super cheap, so head on over to WSUoffer.com to check it all out. Sign up today and you won’t miss a thing. That’s WSUoffer.com.

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Wall Street Unplugged is produced by Curzio Research, one of the most respected financial media companies in the industry. The information presented on Wall Street Unplugged is the opinion of its host and guests. You should not base your investment decisions solely on this broadcast. Remember, it’s your money and your responsibility.