In this engaging episode of the Best Stocks Now show, Bill Gunderson and Barry Kite delve into the latest movements in the stock market and discuss the significant upticks in gold prices as they hit all-time highs. They explore the complexities of the US Federal Reserve’s decisions, notably the tension between Jerome Powell and President Trump, and how these dynamics affect market trends. As earnings season kicks off, Gunderson shares insights into the expected performances of major financial institutions and the broader implications for investors.
He’s been seen on CNBC, the Fox News Channel, and the Fox Business Channel. His articles can be found on MarketWatch, Seeking Alpha, TheStreet.com, and many other places. He’s the author of the weekly Best Stocks Now newsletter and the inventor of the Best Stocks Now app. He’s president of Gundersen Capital Management. Here is professional money manager Bill Gundersen.
SPEAKER 05 :
And welcome to the Monday morning, right in early January the 12th, the Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. I’m here with Barry Kite, our chartered financial analyst. We have a downdraft in the markets, the equity markets today, but a huge lift in gold today. And we’ll get to the reason why here in a bit, but right now the Dow is down 200 points. But it hit a new all-time high on Friday, so who’s complaining? We’re at 49,303. The S&P 500 is down 7 so far this morning. That hit a new all-time high also on Friday. It’s at 6,958, closing in on 7,000. The NASDAQ is down 19 points this morning. It did not hit a new high on Friday. It’s at 23,652, however, which isn’t too bad. And the Russell 2000 down about four points today to 2620. It also hit a new high last week. The real news today is in gold as it hits a new all-time high. And our gold holdings are doing very well today here at the firm. Gold is up 2.5% today to 4,612. That’s an all-time high. Silver’s up 7% today. I saw that in your note this morning. I’ll say. And we’ve got the 10 years at 4.19%. So welcome to today’s Best Stocks Now show with professional money manager Bill Gunderson, president of Gunderson Capital Management. And I’m here with Barry Cotter, chartered financial analyst. Never a dull moment. NADM, I guess, is my new little… abbreviation for the markets, especially under Trump. You know, with Trump in office, there’s never a dull moment. N-A-D-M. And today is no exception. We do have a couple of hot spots still around the world, obviously. We’ll talk about those. But the big news today came in last evening about Jerome Powell. He’s our Fed chairman. He succeeded Yellen, who succeeded Bernanke, who succeeded Greenspan, and it goes on and on and on. And apparently, you know, Trump and Powell have not got along for some time, and they don’t seem to like each other too much.
SPEAKER 04 :
And that goes back from the first administration. I mean, Trump was a little mad. Remember when we talk about when Powell became the Grinch, right, in 2000, what, end of 2018? He was raising rates and then basically reversed decision and began lowering them immediately because he was wrong. And so I think Trump’s been on him ever since that day, actually.
SPEAKER 05 :
And then during the COVID period of time, he was very much behind the curve. Of course, that was an extraordinary event we went through, but still. when you’ve got to do four 75-point rate hikes in a row at four consecutive meetings, that’s draconian. That’s the definition of behind the aisle. Yeah, that’s very draconian. But, okay, let’s pick up where we left off on Friday. We left off on Friday with a new all-time high in the Dow. You can’t complain about that. We left off Friday with a new all-time high in the S&P 500. You can’t complain about that unless you’re a bear and you’re short the market, which wouldn’t be a good place to be. We ended up with a new all-time high for the Russell 2000. Gold was hovering at or near an all-time high. Silver’s been at an all-time high. And, of course, oil prices are very low right now. We’re at $56, $57 per barrel. Bitcoin continues to tread water around $90, at $90. So we ended the week on a high note on Friday. And we did not get a ruling on the tariffs today. from the supreme court and uh i don’t know when that’s going to come but they kind of kicked the can down the road a little bit uh we’ll look at that later and besant says don’t worry he’s our treasury secretary uh we’ve got plenty of money to pay back the tariffs just in case something happens which that was good i’m glad he let us know that that’s good that’s good i was wondering about that he’s not going to bounce a check to to costco and uh all the guys that bought little H.O. model trains during that period of time. We’ve also got earnings season really tomorrow. The gun will sound and they’ll come marching around the bend and it’s going to be the big financials, the J.P. Morgans of the world and the city groups, Goldman Sachs, Morgan Stanley will be reporting. And so here we are again to another earnings season. But Again, federal prosecutors open criminal, criminal investigation. It’s hard for me to see Jerome Powell behind bars. Right next to Maduro, maybe. Investigation into Fed Chairman Powell. It seems to be over the renovation. Well, that’s what it is. It’s the renovation of the Washington headquarters. And whether or not Powell lied to Congress about the project’s scope. we do know that it came in way way over budget and uh… you know i think they trim back on some of their extravagant plans like private escalators and private dining rooms for policy makers you know they’ve got a very important job being a policy maker and uh… the uh… lawsuit relates to the two point five billion dollar renovation citing incompetence Well, is it criminal to be incompetent, Barry? If that were the case, there would be a lot of people in prison these days. I see incompetence almost everywhere I go.
SPEAKER 04 :
Incompetence at a low bar. Yes, okay.
SPEAKER 05 :
As far as wasting government taxpayer money… I don’t know if you can hold that. There would also be a lot of people in prison. I mean, most of the congressmen and women and senators, et cetera.
SPEAKER 04 :
I mean, expensive toilet seats have been kind of a reality and a joke in Washington, D.C., for a long time. So this would be kind of would fit, seems to be like it would fit in that category almost. Yeah.
SPEAKER 05 :
I mean, the 2021 version of the Fed’s proposal, described private elevators and dining rooms for top policymakers, water fountains, new marble features, and a rooftop terrace. Well, that’d be nice. Maybe some hors d’oeuvres there at sunset. At a congressional hearing in June, Powell denied that many of these features were part of the latest proposal. Well, okay, I don’t know. But the thing is way over budget, like $800 million, way behind schedule. and trump coming from that industry of course he’s building a ballroom onto the uh west wing of the white house store up the rose garden so there there’s some renovations taking place there’s some money being thrown around there in washington dc like they’re usually general contractors are doing well they’re doing well yes and the water fountain guys and the marble guys and the gold fleur-de-lis guys they’re doing well but anyways it rattles the market’s From the standpoint, and I’ll tell you, that was what really sent gold soaring the first time. Because gold fears that a non-independent Fed would be pretty much controlled by the presidents. I’ve never known a president yet that wanted to raise gold. interest rates they all want to lower rates to help with their uh their polls and their re-election efforts and all this and that and uh and gold so gold does not like that because gold fears inflation or gold likes inflation actually and that’s why you’re seeing gold soar today and even though the market’s down i was shocked when i opened up our uh Our page, which shows all of our holdings and the net sum thereof, and we were up almost a half a percent this morning because companies like Barrick Gold, Gold itself, Agnico Eagle, and other gold stocks, IAU, they were soaring this morning. And that is overcoming. And then there were also some, the nuke stocks are off to a good start here today. And some of the AI stocks like Teradyne and Palantir and Broadcom and Western Digital all off to a good start. Vistra’s tacking on a little more after it signed that big deal with Meta last week for nuke power going forward. The ones under pressure today a little bit, the credit card issuers and maybe some of the big banks, is Trump is proposing a 10% cap. Check out Affirm during the break, Barry. What would that do to these small lenders? They’re charging really high rates.
SPEAKER 04 :
Affirm down 5% or 6% earlier today. I was taking a look at it. But, yeah, we’ll touch on that when we come back from the break.
SPEAKER 05 :
Yeah, 10% rate cap on credit. That would be devastating to a lot of the capital ones of the world, let’s say, and some of these make-for payments for your train set guys. Okay, we’ll be right back. And welcome back here to the second quarter of two days. Best Stocks Now show. Well, Powell’s not going down without a fight. In fact, the odds of him staying on, he can’t stay on as the head of the Fed, but he can stay on as a Fed governor. I think he’s got two years or something like that left on his term. But he claims… In an extraordinary statement, he asserts that the grand jury subpoenas served by the Department of Justice are not about legitimate legal concerns, but rather punishment. for the central bank’s refusal to set interest rates according to President Donald Trump’s preferences. Well, I can see his point, too, Barry. Probably. I mean, makes decent, makes good sense, actually. Never a dull moment, you know, with Trump as president. This threat is not about my testimony last June or about the renovation of the Federal Reserve building, Powell said in a statement. The threat of criminal charges is a consequence of the Federal Reserve sitting interest rates based on our best assessment of what will serve the public rather than following the preference of the president. And Janet Yellen also weighing in, saying this is a chilling development that the president… Of course, now, on Trump’s side, he says he knows nothing about the Fed investigation, which is a little bit hard for me to believe. I can’t believe the Department of Justice wouldn’t… hey, guess what, we’re going to serve criminal subpoenas on your Fed chairman. And Trump denies the right motive. He says, I don’t know anything about this investigation, but he’s certainly not very good at the Fed, and he’s not very good at building buildings. Okay, so no love lost between Trump and Powell.
SPEAKER 04 :
And don’t forget, this is the current Fed chairman. I know. It’s pretty wild.
SPEAKER 05 :
Yes, I mean, he’s going to be making the decision here in a few weeks about where we go from here after the Fed lowered rates to 3.75. Okay, the crisis… We’ve got a 5%.
SPEAKER 04 :
By the way, on Friday, I looked at what the chances of a rate cut are in the January meeting, and it was literally 5%, I think.
SPEAKER 05 :
Yeah, I mean, I figured it was about the same as the Chargers beating the Bills or the… No, the Chargers lost to New England, my old Chargers. You know, I divorced the Chargers. I left them behind in Cali. When they went from San Diego to L.A., I was done with them.
SPEAKER 04 :
Their quarterback probably wished he was back in San Diego. He went through a meat grinder yesterday.
SPEAKER 05 :
And Eric Correale, you got rid of the ball quickly. before you could get tackled. That’s the idea. Step back. Dan Fouts would take a couple steps back and throw it 80 yards down the field to John Jefferson and waltz into the end zone. That’s the way to play football, in my opinion. But anyways, on a more weighty matter, Trump weighs his options on Iran. That’s a scary deal that they’ve turned off the Internet. And it sounds like they’re executing hundreds of people. And, of course, they can’t send anything out from Iran. Something’s got to give there. That’s a very, very scary thing. And, yes, we do have to mention stuff like that as it relates to the world.
SPEAKER 01 :
To the market.
SPEAKER 05 :
And in the world of investing, the bond market, interest rates, defense. Everything, oil prices, everything. So anyways, the tension in Iran has gone up. It almost seems like it’s going to come to a head. this time around, and maybe Khomeini is on his last legs as a leader there in Iran. Most of the other guys, Hezbollah is gone, and the guy from Hamas is gone.
SPEAKER 04 :
A lot of them are gone.
SPEAKER 05 :
But that Ayatollah, he’s been a sore on the world for a long, long time. Earnings week ahead, on a happier note. Tomorrow, Bank of America, J.P. Morgan, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, BlackRock, PNC Financial. Earnings season is going to begin. And I can tell you where the bar is set as we begin this quarterly earnings season. If you’re new to the markets, this is something we go through every 90 days. It’s the earnings parade. It lasts pretty much the entire quarter.
SPEAKER 04 :
Yeah, the scorecard, right?
SPEAKER 05 :
It’s the scorecard, and it has everything to do with the value of the stock market because the market takes its cue from earnings. Earnings, earnings, earnings. And the second most important factor in the stock market is interest rates, interest rates, interest rates. And those two determine what the market’s worth on any given day or, you know, 12 months out. And it really drives the market. It’s been driving the market since it bottomed in 08 and 09. Earnings have been going up for the S&P 500 every year except for the COVID year since then. And we’re looking for record earnings for 2025, which the last quarter is being reported. It’s beginning tomorrow. We’re looking for record earnings this year. And we’re looking for record earnings next year. And that’s why the market remains very bullish. And that’s why you see these sell-offs in the market. They’re bought. And the market marches on to new highs. And as long as those earnings estimates remain where they’re at now, you’re going to continue to see bullish action in the market. You can fight the earnings all you want. It’s like fighting the tape or fighting the Fed. You can’t fight that fight because earnings will win out and they will crush you. On Thursday, we get Taiwan Semiconductor. which is probably one of the top three semiconductor-related companies in the world, along with, oh, I would say, for sure, NVIDIA. And, of course, you’ve got ASM Lithography, and you’ve got AMD. You’ve got some other important ones. Broadcom’s an important one these days. And then we’ll get a few more on Friday. So this week it’s mostly the financials, okay? I did a Greenland edition. in the newsletter. It was the Greenland edition. I was not in Nuke when I published it. I tried to find a flight to Nuke just to check it out, you know, maybe explore. Maybe, you know, you could rent a shovel and a little bucket, maybe go digging for some rare earth minerals or something, Barry. I liked your picture. I liked the picture on the front. I was meant to tell you.
SPEAKER 04 :
Wasn’t that pretty? Yeah, they get the northern lights.
SPEAKER 05 :
Does it ever daylight there? I guess it is. I don’t know how.
SPEAKER 04 :
I think when you get up that high, I think you kind of get either mostly dark or mostly light. Long winter. Yeah.
SPEAKER 05 :
There’s not a lot of days for sunbathing. Right. But I put in a little restaurant review from Nook’s Favorite Restaurant and a hotel review just for fun. And I also put in three stocks. I’m not saying to go out and buy them. I’m just saying, look, here’s three that I’ve dug up. that have exposure to Greenland. And Greenland says they don’t want to be run by Denmark and they don’t want to be run by the United States. They want to remain independent. The fact of the matter is the land mass is immense. It’s the largest island in the world. It’s bigger than Australia, and it has 57,000 people that live there. We have more people than that right here in Mount Pleasant, buried in this little neck of the woods.
SPEAKER 04 :
We might have that many people in some of these neighborhoods around here.
SPEAKER 05 :
Yeah, on the roads in the morning. But it’s a vast expanse, and they sure want to get their hands on it to… Mine, though, with the gold at $4,600 an ounce and rhodium at whatever price it’s at these days, they want to get their mitts on it. Okay, when we come back, we’ll talk about a little bit on the tech land, okay? We’ll be right back. This is Bill Gunderson. Thank you for tuning in to today’s Best Stocks Now, Best Inverse Funds Now show. I put several hours of research in during the wee hours of the morning each day to bring you the very best cutting-edge stories that I can. To get two free weeks of my newsletter, go to GundersenCapital.com. To talk to us about our fee-based only money management services, call us at 855-611-BEST. Now, back to the second half of the show.
SPEAKER 03 :
And welcome back here to the second half of today’s Best Stocks Now show.
SPEAKER 05 :
Now, just a moment ago, we had breaking news that Apple is going to use Google’s AI, Gemini, Gemini 3, which got all the raves from Salesforce’s CEO, Mark Benioff, and that sent Google soaring. Google has really been a good pickup for us since we bought it. Google has had nothing but good news here recently. Number one, they had the chips, the AI chips that Meta’s buying. Their Gemini has seemingly surpassed OpenAI as far as its power capabilities. That’s, I guess, why Apple has chosen it. And Google has passed… Apple in market cap, Google’s hitting $4 trillion this morning. I think that’s the second company. The first one obviously is Nvidia, which hit $5 trillion. And Alphabet is hot on its heels. It’s only a trillion behind, but it’s a $4 trillion market cap company. It has surpassed Microsoft by quite a bit, half a trillion ahead of Microsoft. So that’s really good news for Google. That is one of our largest positions. We own it in our premier growth portfolio, one of the 21 stocks, I think, that we own there. And we own it in our relative value portfolio. We picked it up when it was on a relative basis, based where its P.E. ratio has been over the years. In relation to other tech stocks like it, we felt like it qualified for that portfolio at that time, and we own it. So it is one of our largest positions, probably one of our top five positions.
SPEAKER 04 :
And just in terms of AI stories, just had win after win after win lately. Yes, 100%.
SPEAKER 05 :
Okay, now we’re going to go back to Iceland just for a moment because there is an interesting article here as to why that this so-called gold mine or rare earth mine underground has not been tapped. As of yet. And it comes down to the Gordon Lightfoot song. There was a time in this fair land, he’s talking about Canada, when the railroads did not run. And, of course, Canada was a vast, you know, not as foreboding as Greenland, but it was a vast challenge to build a railroad there from coast to coast and to get access to, to the rich gold deposits, uranium in Canada, silver, lumber, etc. I love that song, the Railroad Trilogy song. Well, that’s Greenland’s problem. They don’t have the infrastructure. You’ve got to build a road. You’ve got to build what happens when you start pulling tons of whatever you’re pulling out of the ground. How do you get it to the market? So you lack all of that infrastructure that would have to be built. And a lot of experts on rare earths say there’s easier places, lower hanging fruit right now to go after than to try to build this infrastructure in Greenland. But I think there’s something about that. The unknown of Greenland. What is under that tundra, that frozen, you know, stuff?
SPEAKER 04 :
Well, in the strategic, you know, where it is, right? Yes, in the strategic. In terms of the Arctic and China and Russia, you know, kind of… Touring the Arctic unabated at the moment.
SPEAKER 05 :
Yes. Imagine the fishing holes you might be like Lewis and Clark maybe back in the old days. But, you know, and Trump’s motives are good. I mean, he wants he wants to get away from dependence on China. China has 70% of the rare earth that’s been found in the world, but China has 92% of the capacity for refining the rare earth, which is another issue. It’s a dirty process. It takes toxic kinds of chemicals to separate the rare earth. And they have a different kind of rock in Greenland than we have here in the United States. And nobody as of yet has been able to profitably separate that rare earth from that type of rock. But you’ve got the determination of Donald Trump, who doesn’t give up easily, who’s pretty determined. He says something’s going to happen in Greenland one way or another. And that’s why I wrote the Greenland edition of the newsletter on Friday, if you didn’t get it, the cover article. Now, Greenland wants to develop their tourism industry. I don’t see that as being a big boon to Greenland. I think there’s a lot more money there. to be had amongst the Greenlanders by going after the untapped resources.
SPEAKER 04 :
We’ve got to get their life expectancy up a bit. It was at 71, I think, when you showed the size of Greenland in the newsletter. Yeah, men are 71. I guess, what is it here, like 78-ish, 77? Yeah, Bob Weir died Saturday at age 78.
SPEAKER 05 :
I’m surprised he made it to 78, to be honest with you, the founding member of the Grateful Dead, along with Jerry Garcia. One of the last real guys from my era. There’s still plenty of them out there, but they’re dying off one by one.
SPEAKER 04 :
Yeah, that was a tough one. I’ve seen him once before, and just kind of one of these, I don’t know, he kind of reminded me of a wizard or Gandalf from…
SPEAKER 05 :
Yeah, you know, I mean, the Grateful Dead definitely had their following. My wife and I still like to go see Grateful. We have one here in Charleston, the Grateful Brothers. No, what’s their name? I can’t think of their name.
SPEAKER 04 :
I know who you’re talking about.
SPEAKER 05 :
They play every Wednesday at the Poor House, and all the deadheads are spinning around and everything, and it’s quite a thing to go to. I enjoy it. We used to go, I don’t spin around, but I watch. It’s fun to watch them spin around and twirl and everything. Even the kids are twirling and spinning around. They’re in another world when they’re playing Fire on the Mountain or Scarlet Begonia always gets them going. But anyway, 78 years old. Okay, now back to Google for a moment. Well, no, back to Greenland for a moment. you’ve got some formidable logistical challenges. Greenland supposedly has 1.5 million tons of rare earth elements. But, obviously, getting to it, it’s a very remote place. You know, I looked for a flight just for fun. I’m looking for a flight. I couldn’t find one. I don’t know how many flights go into nuke from the United States on a daily basis. If there’s any, I don’t know how you get there. And they’re not really for it. They’re pretty green in Greenland. Maybe that’s why they got the name Greenland. I don’t know. They don’t want people coming in and messing up the environment and the earth and everything like that. Although we’re doing it in Las Vegas and Nevada there at MP Materials. And Australia’s got a lot of projects. But if you want to see what those three stocks were, one of them is 15 cents. Now, after my article on Friday, I’ll have to look and see what it’s doing today. One of them was $1.50. A little volume boost. But, you know, it’s $150 million market cap. And then, of course, the one everybody knows about, if you listen to this show, Critical Metals, CRML, which I disclose I have a little bit in my back pocket just for fun. Okay, credit card interest rates, 10% cap for one year, and that’s hurting especially the more, the high-risk lenders. Capital One tends to be one of those, Synchrony to some extent. Now, the other ones, not as much. The Citi Groups, the MasterCards, and the Visas. And then you’ve got like, you know, Swarna. What’s the one that just went public? Not Swarna. Oh, Klarna.
SPEAKER 04 :
Yeah, Klarna.
SPEAKER 05 :
Yeah, out of the Netherlands. And then you have, let’s see, I’m just going to look at Affirm real quickly because I’m sure they’re charging way more than 10%.
SPEAKER 04 :
Yeah, Affirm was down about 6% today, yeah.
SPEAKER 05 :
Affirmed is down 5.7%. And Klarna, which has got to be K-L-R-N.
SPEAKER 04 :
Where did they IPO at? That would be interesting to see where they IPO’d and where they’re at now.
SPEAKER 05 :
They’re high-risk stocks. And, I mean, if you’re going to loan somebody buying on Amazon, you’ve got to believe that’s pretty high. K-L-A-R. K-L-A-R has got to be down today. It’s down 3.4%. IPO’d it.
SPEAKER 04 :
IPO’d at $40, and it’s at $30.35 today.
SPEAKER 05 :
Now, the other rare earth is lithium, although it’s not as rare as some of the other rare earths. Lithium prices are surging today. as China is set to revoke their battery export tax rebates. And I’ve been watching Albemarle up in North Carolina, ALB. I’ve been watching SQM way down in Chile. Lithium America, LAC, which is out Nevada way. Lithium Argentina, LAR. And Sigma Lithium, SGML. They’re all making some new highs today. When we come back, we’re going to take a look at a chart of gold and silver. And welcome back here to the final segment of today’s Best Stocks Now show on this eve of the kickoff of earnings season tomorrow. You know, gold had a terrific year last year. I’m just going to look up the results of gold last year. And, of course, silver was the number one asset class in the entire market last Last year, gold, by the close of the market on December 31st, gold had a year of 64.4%. That’s the best gain I’ve ever seen since I’ve been in the industry. I don’t remember a better year than that. And you could say that the best asset play when Trump got elected was gold and silver. I mean, who would have ever guessed that? But gold has done very, very well. And gold fears… the Fed losing their independence from the president. And it feels, at least gold investors feel, like it’s being threatened to lose its independence by this pressure that Trump has applied on Powell to lower rates. And, of course, he hasn’t gotten his way. He’s gotten one rate cut, a quarter of a point. here recently, but gold has reacted in this huge positive fashion with last year’s 64% gain. And silver last year was up, I think, 130%. It was some just astronomical number. Silver’s at $82 per ounce. I remember not that long ago when it was in the low 20s, and I remember not that long ago when gold was 1,800 per ounce, which makes Greenland all that much more, you know, the potential. Who knows how much gold and silver is buried in that area. And you’ve also got to, you know, who wants to spend the money to go to Greenland and build infrastructure? And it’s still, the amount of resources there is still hypothetical. It hasn’t been proven. Those reserves aren’t proven. But they have done, you know, some surveys and et cetera and have come up with some pretty lofty estimates of how much is there. But look at the chart.
SPEAKER 04 :
And you said they’re pretty much on the beach, right? Or, I mean, on the cliffs on the side. Well, that’s the only place there’s infrastructure. Right.
SPEAKER 05 :
Right? So, I mean, Lord only knows about the places they haven’t been to. But they’d have to start down there where there’s population. And then you have to have the labor force there also to work the land. But I think it can be overcome. I’m sure there’s plenty of people. Remember the big boom in Fargo? Well, I mean. North Dakota and people moving there.
SPEAKER 04 :
Yeah, the Klondike. We made it in Alaska in the late 1800s. So I’m pretty sure we could do it with today’s modern technology. Right.
SPEAKER 05 :
Set up a Levi’s outlet over there to sell the Levi’s and the picks and the shovels and give them some sourdough bread and some sleeping bags and one of those coffee pots that you hang over an open fire, you know.
SPEAKER 04 :
The 26ers, is that what we call them now? Yeah, yeah. And then we’d have the Nook, not the 49ers, the Nook 26ers, right, football team.
SPEAKER 05 :
Yeah. Did the 49ers end up? Yeah, they won.
SPEAKER 04 :
They beat Philly. Yeah, they beat Philly.
SPEAKER 05 :
I got a neighbor. He’s from the Philly area. I couldn’t even find a parking spot on my street yesterday. He’s got a major party. They went home chagrined. And, of course, the Panthers, I can’t believe how they lost to the Rams. That’s a tough one. That was the Chargers’ favorite trick, to give up a lead with two minutes to go.
SPEAKER 04 :
Well, a lot of those games, the team that was leading with two minutes left lost, actually.
SPEAKER 05 :
Well, gold is not losing today. A new all-time high. The GLD ETF now has $159 billion in it. I’ve got to believe, too, that all this massive amount of ETFs that are out there, and gold used to be kind of hard to buy and sell. Yeah, no, you’re right. You had to take physical possession, or someone had to store it for you. Now, we own an ETF. That owns gold. We own GLD.
SPEAKER 04 :
And the reason we own those are GLD and I think IAU is one we’ve owned before, too. We currently own IAU also. And they’re backed by the actual bullion, which is in our… In our opinion, when you’re buying these ETFs, you want one backed by the actual bullion versus buying a futures contract in gold. Yes.
SPEAKER 05 :
And then we have one of our largest positions is Barrick Gold, which I bought in – it’s one of the 21 stocks that we own. That’s a pretty select list there. Easy symbol to remember, which is B. Yeah, B. Somehow they got B, which used to be Barnes Group at one time.
SPEAKER 04 :
We own Citigroup right now, so we’ve got C as well.
SPEAKER 05 :
Yeah. If we owned Agilent, we’d have the whole ABC. And then D is Dominion. I have them all memorized. I know you do.
SPEAKER 04 :
I was going to see how long. I figured we were going to finish the show with you just rattling off the single symbol names. Yeah.
SPEAKER 05 :
Barrick Mining is the biggest gold miner in the world. It’s $84 billion in market cap. It’s headquartered in Toronto, Canada. Who knows, maybe Nook will be the gold capital of the world someday. But Barrick… Barrick also pays a dividend yield of 1.2%, so you can get a dividend on your gold holdings. But it is breaking out to a new all-time high today. You know, Barrick sat there for the longest time in that mid-20 area. Now, all of a sudden, it’s doubled, and it’s $49 per share. Well, we have run out of time. Never a dull moment, another edition of Never a Dull Moment Hour on the Best Stocks Now show. And, of course, if you want to get a newsletter, read about the Greenland edition from Friday. Go to GundersenCapital.com. You can see the three stocks that I mentioned. Those are the ones that I know of that I’ve been able to find that have exposure over there. And of course to set up a portfolio review, a financial plan review with us and utilize the portfolios that we manage here that are our own. We don’t farm out the money management. You can give us a call and set up an appointment at 855-611-BEST. And we should get a firm date and location on Houston here within the next couple of days. But it looks like we’ll be over there in the Galleria area in early February and have a workshop and meetings with the folks. My favorite thing to do. Have a great day.
SPEAKER 02 :
This show is not a solicitation to buy or sell any securities. Bill Gunderson or clients of Gunderson Capital Management may have long or short positions in stocks mentioned during the show. Past performance is not indicative of future performance. Gunderson Capital Management is a fee-based registered investment advisory firm. All accounts are held at Charles Schwab. Schwab is a member of SIPC and FINRA.
In this engaging episode of the Best Stocks Now show, Bill Gunderson and Barry Kite delve into the latest movements in the stock market and discuss the significant upticks in gold prices as they hit all-time highs. They explore the complexities of the US Federal Reserve’s decisions, notably the tension between Jerome Powell and President Trump, and how these dynamics affect market trends. As earnings season kicks off, Gunderson shares insights into the expected performances of major financial institutions and the broader implications for investors.
