Transcript was automatically generated.

0:00:00 – 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.

0:00:17 – Frank Curzio

How’s it going out there? It’s October 15th. I’m Frank Curzio. It’s the Wall Street Unplugged. We’re bringing you the headlines and I’ll tell you what’s really moving these markets. Mr Creech, how are you doing today? 

0:00:31 – Daniel Creech

Mr Creech, what’s happening? Frank, I like that. Good to see you, sir. 

0:00:33 – Frank Curzio

Creech is always happy when his parents are in town hanging out. 

0:00:36 – Daniel Creech

I do have family in town. Yes, sir, yeah, and boy they timed it. Mother Nature can be schizophrenic, but it is gorgeous here. I mean, when people think of Florida, this is what they think of. Right now it’s been like 75, 80, low humidity. It’s awesome, so very grateful. They’re enjoying life and having fun, so that’s awesome. 

0:00:54 – Frank Curzio

No, that’s awesome. Yeah, the snowboards definitely come down. Right now it’s like 70s and stuff. It’s beautiful. But I tell you, last week it was really freaking hot here, which is crazy, but it is nice, which means Daniel’s going to be in a good mood and proper behavior today. That’s right, right, so no-. 

0:01:08 – Daniel Creech

Extra special. 

0:01:09 – Frank Curzio

No cursing or anything, so make sure. So listen. Markets ramping higher today, mostly because we just seen unbelievable results out of the banks and I guess people kind of expected it and said well, investment banking revenue is good, you’re seeing the market good, right, so you’re getting more deals on investment banking. We still have rates which are kind of high. Banks make a lot of money with their net interest income. Between the money they lend out and what the interest rate is, they were not generating those big fees on that part of their rates were low or rates were super low. Now they have been and we were supposed to cut rates. Remember for how many? I won’t even say months, now it’s years. Right, for a year and a half. We’re going to cut, we’re going to cut, we’re going to cut, we’re going to cut and we really we have what one cut? 25 basis points in 2025 so far, one of the we officially cut, but it took us 10 months. 

Every single country across the board outside of like three crazy countries, but have been cutting right, have been cutting drastically. So you know, I guess people anticipated that the results would be good and let’s get the commentary and let’s see the credit quality behind it, Daniel. These results blew out the expectations of almost every single on us and everybody across the board. I don’t know if you seen the details in the middle of it, but it’s actually been incredible when you look at the six majors. So, look at the six majors you’re looking at Goldman Sachs, Morgan Stanley, JP Morgan, Wells Fargo, Bank of America, Citigroup. Those are the main ones and, man, those numbers are good, right. 

0:02:33 – Daniel Creech

Yeah, absolutely. I mean to your point. It’s one thing to have high expectations and you want to go into it and you want to see, because the markets can price things in ahead of time. Frank, I think you’re exactly right. I don’t know anybody that was really bearish on the banks going into this earnings report. That being said, it is great to see very strong results on. I don’t want to say the bar was very elevated, but it certainly wasn’t low. If you’re not showing billions in profit and darn near records, everybody’s going to be scratching their heads because, to your point, it should be a Goldilocks environment. Everybody from JP Morgan to Citigroup to Goldman Sachs. I don’t want to dive into a ton of numbers and details. I thought they were very, very strong. It just shows you stimulus is here and coming. No wonder there’s so much bubble talk. 

0:03:22 – Frank Curzio

Yeah, it’s funny because even when you look at it, you look at international right. All the markets are doing great, which is Citigroup, jp Morgan mostly. You’ve got Goldman Sachs and Morgan Stanley have exposure, wells Fargo not as much in Bank of America, but all of them across the board right. So let’s put some numbers behind this, because what we hear and what you hear are two different things. So I like doing this podcast. 

I always say this is no one above us. I’m going to tell you exactly what I’m seeing. It’s not like I have to follow an agenda by someone who I work underneath and have to toe the line. I don’t toe the line here. I can’t tell you how it is. 

I’ve been reading articles about the derivatives on the balance sheet, of how Bank of America is going to go out of business, about how our economy is absolutely going to collapse. It’s going to be a disaster. We’re in a bubble, holy cow. The banks are in a lot of trouble. Look out. It’s going to be the biggest disaster even bigger than I’m reading this, I’m sure you’re reading If you go on Twitter. You got the diehards going crazy. 

This is why gold’s going through the roof, which Besant said very clearly today. When they asked him why is gold going higher, he said very simply because there’s more buyers than sellers. They didn’t like that. They wanted to. The dollar is not down too much. He’s down 7.5. They were trying to say it was down 10%. He’s like it’s 7.5. So he knew his facts going in, people worried about, oh my God, the economy. Dollar is going to lose its reserve currency status, which I’d say 99.9% of people don’t understand what that means, that it’s riots in the street, you get kicked out of your house and you’s going to happen. We’re no longer relevant as a country if that happens. We become Russia, we become Mexico and people think it’s going to happen and it’s not going to happen. Right, it’s definitely not going to happen on this president’s watch, because anybody that has initiatives to push an agenda outside of the dollar, we can cut off their trading from the largest economy in the world and that’s the way it should be right. This way you’re protecting yourself. 

But when I’m looking at the profits and looking at the numbers, which you can’t lie, these are the numbers. Okay, if you look at the four major banks Goldman Sachs, Morgan Stanley, JP Morgan, Wells Fargo, Bank of America, Citigroup they did $145 billion in total revenue and $41 billion in profits for the quarter. Not for the year, for the quarter, okay. So if you want to listen to some of the things that they’re saying, here it is. Again, you could listen to whoever you want. We want to follow the data. Okay, right now, what it’s saying is that our economy is doing pretty well. According to the banks, which they should have, they have the best outlooks, right, they understand they’re dealing with consumers. Let’s hear from Wells Fargo Investment banking fees up 25% year over year Head count. Listen to this, Daniel. They cut their head count. If I had to tell you a major bank like this, a major company, cut their head count, what would you say? If they cut their head count, what would you think? It would be Very small percentage 24%. You want to talk about AI being integrated in these companies, where they don’t need as many employees anymore. There it is Okay 276,000, 211,000 employees, $15 billion in gross expense savings targeted by year-end $15 billion. I know you’re used to hearing trillions when it comes to deficits and things like that and even mark caps on the hyperscalers. That is a massive amount just to be saving, right, and that’s what AI is doing for these companies as well. 

Citigroup record revenue across not one business segment, all business segments. Net interest income up 12%. Banking revenue up 34%. Market revenue up 15%. Wealth revenue up 8%. Us personal banking revenue increased 7% Driven by branded cars and retail banking. 

Tailwinds include resilient consumer spending, solid credit quality and steady deposit growth. That does not sound like the consumer is in a lot of trouble to me. Okay, what this looks like is this is Microsoft when they report. This is Amazon when they report, when they have five or six different divisions and meta and you look across all the divisions and you see 20%, 30%, cloud. This, every growth, across every single division, whether it’s Amazon, whether it’s cloud, whether it’s AI, it’s retail business, it’s smart, everything. This is what the banks have become. They’re amazingly profitable. They’re doing it with less employees. If you would see cracks in the system, you would see it here. You would see it by credit quality. 

Jp Morgan comes out and says consumer and community banking added 400,000, plus new net checking accounts. Wealth managers saw a record 43,000, plus first-time investors. Also, they laid off thousands of employees. Their revenue was up 9%, not earnings revenue to $46 billion alone. $46 billion alone. I think that’s almost twice the next biggest bank, which is I’m pretty sure it’s Bank of America. Corporate investment banking revenue grew 17%. Market revenue surged 25%. Again, all those records, fixed income and equities that they kicked ass in Banking and payments rose 10%. That’s JP Morgan. You look at Bank of America added 212,000 net new checking accounts, marked its 27th consecutive quarter of growth. 

Okay, this doesn’t sound like an economy or a bubble. This doesn’t sound like a bubble. This doesn’t sound like an economy that’s going to recession right away. Growth wealth and investment management up 19%. 43% surge in investment banking. This is Bank of America. Client balances topped $4.6 trillion. 

Daniel, do me a favor if you could. For JP Morgan, how much in assets in the management do they have? $4.6 trillion? For Bank of America, right, you’re just looking at these numbers and it’s incredible. Right around that, according to AI, really. 

And then you have BlackRock, which reported which is BlackRock? Who’s BlackRock? Oh, they’re under the table a little bit. They’re not as big, right, they didn’t really get the headlines as much, right? Just hey, super strong. Earnings pop 5%. Why Revenue, revenue, revenue, not earnings Rose 25%. They have 13.5 trillion assets under management. I want to put that in perspective for you, because you need to understand what that means. That’s larger than the market caps of the five biggest hyperscalers Microsoft, google, amazon, meta, oracle, their market caps BlackRock has more than their market caps in assets under management. That’s how big they are. That’s how influential they are, which is insane. Okay, these are the banks. You look at Morgan Stanley, you look at Goldman Sachs Same. I mean, the numbers are absolutely incredible. They’re not showing signs of slowing down. 

You need to follow the money when it comes to stuff like this, and the money continues to pour into new ideas. Are all those ideas great? Absolutely not. You’ll see bubble areas within AI where now you’re seeing ideas. If you’ve come from open AI and you’re an ex-executive and you’re saying, hey, I’m starting a company and you write whatever a couple of letters on a cocktail napkin, they’re going to be like he’s a billion, all right, so we’re crazy right now, and I think you had Jeff Bezos say something about that. I think Elon Musk said something about that and said we might be in a bubble in terms of some of these fundings. You’re not in a bubble when it comes to the hyperscalers and how much they’re Continue week after week. We covered it last week AI Energy with our live broadcast, our first ever. Hopefully you joined because the ideas we’ll get to that in a second Two of the ideas that we gave out one of them, I think, is up 100%, the other one’s up like 80%. 

Those are free picks that we gave out in our last podcast. Okay, free picks, but when you’re looking at these bank earnings, I mean you’re looking at $205 billion of quarterly totally net inflows for the quarter for BlackRock, right, and probably a ton from crypto, which every bank now is adopting the same policy and saying, hey, you know what. Look how much inflows BlackRock has, look how much some of these banks that are opening up to crypto have. Now let’s open up to crypto because everybody wants it. They want access to Ethereum, they want access to Bitcoin for now, and maybe it’s Solana Ethereum. They want access to Bitcoin for now, and maybe it’s Solana and maybe it’s SUI down the road and stuff like that and some of the other big ones in Chainlink. A lot of those are in our newsletter and, by the way, crypto did get hit pretty hard this week Most of the names down 10% to 15% after being up tremendously and because of Trump and tariffs and things like that with China, and we’ll see how that flows through a little bit more, but when you’re looking at the banks and what they reported, this is absolutely insane. 

This takes recession off the table for at least the next six to 12 months. And believe me, jp Morgan, if you look at Jamie Dimon, he’s first to say it Watch out. The consumers struggle. We know the lower end is struggling a lot because those are the people that don’t own assets. But we have inflation in the market where money’s pouring in, which is great for hard assets. It’s great for gold, it’s great for silver, it’s great for a lot of these things. You’re seeing home prices continue to hit record highs. I’m sure your 401ks are hitting record highs. The market’s at all-time highs. That’s what this market is promoting right now. 

Will it blow up? I don’t know, maybe, but we’re not really close. We’re really not. I mean, you’re going to see the writing on the wall. You’re going to see credit quality deteriorate. You’re not seeing where Citigroup JP Morgan said the credit quality is good. People got a little nervous, a tiny bit nervous, when it came to JP Morgan and some of the write-downs that they had, which is very, very small in the scheme of things. We’re talking about a massive banquet pretty close to a trillion dollar market cap. 

But overall, when you’re looking at the banks, which know first, a business has never been stronger for these guys and that could tail off. But you’ll see it. You’ll see it in the bond market. The bond market’s been strong. Rates have been pretty steady. You’ll be able to see it before it actually happens or at least see the cracks forming, like we’ve seen in the past with other things when you had other risks. 

But right now the banks are telling us listen, business has never been as good as it is right now. It’s continuing. We got a great administration in the office that’s pro-stocks. I don’t know if you like them or not, but you should like them if you like money in your portfolio, which will cover a little bit. But overall, Daniel, holy shit. I mean the banks there’s nobody. They Holy shit, the banks there’s nobody. They beat the most optimistic estimates. It’s incredible. It really is incredible. The results I reported. It made sense, but it was even much better than everyone thought, which I think that’s the surprise here. That’s why you’ve seen this follow through, with the market actually come back after selling off from Trump’s tweets about China. 

0:12:58 – Daniel Creech

Yeah, the Wells Fargo move was up. Markets are pulling back a little bit, but 7%, 4% or 5% across the board for some of these stocks after they reported. To your point, it’s not Oracle going up 35%, but it almost is in banking terms, because those are just massive moves. To your point. We are getting a lot of bubble talk and the news has to play up. Everybody has roles to play in this world Overall. Of course we’re going to have another bubble. Of course we’re going to have a market crash, because that’s the system we’re in. You have booms and busts, and so I don’t want to make that sound easy and I respect Frank for saying you know there’s going to be signs. The timing is very difficult, don’t get me wrong. But do not fall into this silliness of thinking that we’re not going to have a market crash at some point. But just like Jamie Dimon said in the BBC headline, which are morons at nicely, Frank, did you hear about that when JP Morgan, Jamie’s diamond, said that he’s worried and investors should brace for a pullback and if you read through the story, it was in six months to two years. The headline, of course, was warning about a pullback. The point here is you have Paul Tudor Jones talking about how we’re in a perfect recipe. I’m paraphrasing of course we have this great environment for a blow-off top. You have Ken Griffin from help me out. Frank Citadel, thank you, warning about volatility and all kinds of stuff. Of course he’s preaching his book because, like Frank says, he doesn’t want anything tokenized he’s trying to do the sky is falling as well. Then back to the banking. You have JP Morgan, Jamie Dimon. What I really found interesting on this is he’s at least admitted hey, listen, I’m much more nervous than other people about equity pullbacks and all that kind of stuff. 

Frank, he made some comments, because this all ties around to gold. Like you said, he made some comments at Fortune’s Most Powerful Women Conference. Now, jokingly aside, this is my sense of humor what the hell is Jamie Dimon, a man, doing at a World’s Woman Powerful? I don’t know. Just having fun there, people. 

The point is, he said gold could easily go to 5,000 or 10,000 an ounce in this environment. Now, what does he mean by this environment? We are in a massive paradigm shift. Bull market, Frank, and I have been gladly on top of this. You are remaking the world order. Trump, gladly on top of this. You are remaking the world order. Trump is looking at the world differently and making everybody go in that direction. You have a powerful change taking place in both crypto, finance and everything. Deficits are still going on. You guys know this story if you’ve listened. The point is, nobody gives a flying floor to when Daniel Creed says gold could go to 4,000 or 5,000 or 10,000. When billionaires say it Frank, people listen. Jamie Dimon, who has been dead wrong on markets, pullbacks and equities and all that. That’s okay. He’s admitted it. Gold crossed 4,200 an ounce, Frank, and I’m telling you Wall Street likes round numbers. We should have a beer bet when you think gold hits 4,500 and then 5,000. 

0:15:41 – Frank Curzio

Yeah, it is crazy, right, I mean the bubble talk, right, and our job is to try to get ahead of that when it happens. And we’ve been telling you, we’ve been long the markets for a while, right, and we’ve been saying, look, the thing that sucks about the market is, even when you do see a pullback, guys, and what sucks about it is the government is so quick to interact. Which kind of sucks if you think about it. So you know you used to have these recessions every five, six, seven years or whatever in history, and that’s fine, right? You have these markets that go up and then you know people demand. It’s all about supply and demand, right, that’s what bubbles are really about. I mean, if you look at the demand for internet and the dot-com bubble, it was through the roof, but it was real. It was real in 96, 97, 98, and 99,. You’re like, okay, now you have this supply, this massive supply, coming on the market, more companies they didn’t even have like a web. They had a webpage with like four pages and they’re trading at billion dollar, multi-billion dollar valuations. And then you have, like, this supply that just outstrips and demand. You know whether it’s constant or whether it falls, and that’s the bubble, right. You have all this massive supply and that’s when it bursts. 

When you see those bubbles, what happens all the time when they burst is it’s the spending. It’s when does the spending stop? And we saw that even. We saw that in the housing crisis as well. We saw signs in late 2006, 2007. We saw countrywide. We saw all these companies, hedge funds that are tied to subprime loans and stuff like that starting to get hurt. We saw it right. So you saw that demand starting to fall off a cliff like that starting to get hurt. We saw it. You saw that demand starting to fall off a cliff. We’re not seeing demand fall off a cliff, we’re seeing demand accelerate, especially within AI and spending. The spending is up fourfold when it comes to CapEx or technology companies. As long as that money continues to be spent, as long as you’re seeing these companies with their CapEx and increasing it, you still have time before this happens, which is probably a while from now, because we really don’t know what AI is. You still have time before this happens, which is probably a while from now, because we really don’t know what AI is. And we just saw you know a couple of people Wells Fargo, I think it was a CEO. They’re doing a good job at CNBC. They have a major conference and I think he said you know we’re very early innings. Still, you know very, very early innings because companies haven’t really been pushing this stuff in terms of not pushing it but implementing it, where you’re seeing actual results from it. There’s still, like in this test phase, where we’re very early on in terms of AI, but with the banks, you could see it. You could see the employees. 

Why do you think the largest companies in the world are laying off so many employees with their stocks at all-time highs? I’ve done this for 30 years. That never effing happens ever. What you do is, when your stock’s going higher, companies tend to spend more. They get more aggressive. Okay, let’s grow even faster. Right, with these companies. They’re growing, but they’re doing it with less employees because they’re finding technology that’s replacing them, that’s working for them, that’s doing their job 24 hours. They don’t have to worry about anyone going to HR. Something happens. I mean it’s huge. You don’t have to worry about paying. 401 have to listen to that. I mean, I was part of CNBC. I thought Treasury Secretary, I thought it was fantastic. I know you had a lot of positive things to say about this as well, but he had great comments and I’ll let you lead with that. 

0:18:35 – Daniel Creech

Yes, he did. It was CNBC’s Investing in America Forum, I believe, is the topic, and Treasury Secretary Besson kicked it off. They covered a lot of topics. I don’t know where you want to start here, Frank, but I’ll dive in with the tit for tat back and forth that caused all the volatility on Friday between President Xi and President Trump. That’s going to continue to ongoing, but we are hostage, unfortunately, by Trump. Social media, post, post and that’s just the way it is. Friday he sends the markets down. Over the weekend he says everything’s going to be fine, markets start rallying. If that aggravates you, I understand that that is a lot of a joke area, but that’s part of the environment we live in. 

Bessette was talking about Trump and Xi going back and forth. I have to say this, Frank, and I don’t mean to sound arrogant, I fear I’m going to. This morning I read a Wall Street Journal piece about how President Xi and I’m paraphrasing, of course, about how President Xi has found the leverage that they need over Trump. The whole article is about how the stock market China’s just going to hurt the stock market. Then, if Trump sees the stock market go down, he’s going to negotiate because all he cares about is the stock market. Now we have been in front of that and if you have to read the Wall Street Journal to realize Trump watches the stocks, you haven’t been paying and you’ve been living under a rock and paying zero attention. Number one Besik called them out and said this Wall Street Journal piece is horrible. I’m paraphrasing, of course, he said this is ridiculous. We’re not going to negotiate based on stock indices. 

What I thought was just great, and I think that the difference between this well, I don’t want to say this in the last administration because that’s really unfair with the last guy, but the difference with this administration is their narrative and the ability to build a narrative. That’s important. Just like Frank talks about stocks, you need a catalyst, you need a good story. This is the same thing Bessett turned this into. Hey, this isn’t the US versus China, this is China versus the world. A I thought that was very good. B he was talking about how good policy Frank is what drives markets. Don’t get me wrong. Don’t waste any time convincing this guy that Trump doesn’t watch the markets 24-7. He’s a crypto guy for crying out loud. He’s got his own coin, like Frank’s joked about. But the point is, if you think that is the end-all be-all. That is the most lazy journalism you could possibly look at in a short period of time. 

When Besset talked about good policy making, good economics and good stock or good markets, I thought that was amazing. And then you can go rattle off all the stuff and everything about that. Frank, I’ll hand it back over to you because, from an investing standpoint, I’m trying to get ahead of this. Like you say all the time where the puck is going. He talked about how they’re going to do. They the US, him and Trump and everybody else are going to do price floors in a number or a variety, not just one. But he says we’re going to do price floors across a range of industries to help the world against China, again, because and I didn’t know this, Frank rare earths Not rare, as Besset said, they’re everywhere. 

However, the refining and not refining, but production of it China dominates. It’s somewhere between 75% and 95%, depending on what you read of all this. Okay, did you know that they bought the rare earths plant from GM several years ago? It was under stipulation they had to keep it here five years. Five years, yeah, and five years and a day later, apparently, they moved it. I mean the point is Bessette talked about and we get caught up in headlines, in the here and now. Bessette explained very simply and detailed very quickly hey, leadership is not really that difficult people. But the United States has been asleep at the wheel. We’ve been getting taken advantage time after time after time and somebody’s got to finally put their foot down. We’ll see if it holds. He’s making a lot of changes, we’ll see. But, Frank, those are a couple of things we could go. That was a great interview, but what do you say about? 

0:22:26 – Frank Curzio

all that I mean, first of all, China’s doing what they’re supposed to do, so don’t get mad at them. If you could hold hostage Microsoft or Nvidia and they have to come to you, you would do it right, you would definitely do it, and that’s what China’s doing, right To hold power. Now, yeah, besson talking about you know why he’s taking stakes in strategic industries like rare earths, other critical metal companies. You know chip companies like Intel, even defense companies. But I want to start with critical metals, right, when you talk about because we’re not just talking about rare earths, right? So basically, the rare earths go into anything electronic, anything powered by batteries, fossil fuels, so EVs, automobiles, jet planes, iphones, semiconductors for AI, which, by the way, china used to produce 95. They say it’s around 85, whatever it is. Say it’s 90% of these, and let’s put in perspective when they say they produce 95%. 

China produced 270,000 metric tons of rare earth metals in 2024. It’s a very dirty process and that’s why China doesn’t mind doing it. And we add a lot of climate change laws saying, hey, if we prevent this in America, we’re going to save the entire planet. It doesn’t matter even if India and China, which they’re going full, blown out into coal, into rare earth mining and stuff like that for China, which is fine, but remember the earth is one thing, right? So it’s not like what we do. We account for 12% of carbon emissions, so now you have China produce 270,000 metric tons in 2024. We’re second when it comes to rare earth production. You know how much 45,000. So it’s insane and that is a monopoly on the future of the world’s economy that China is holding hostage. 

Also on the critical list of metals is copper, potash, gold and uranium. Now Trump, or the taxpayers, is taking stakes in these companies at 10% to 15% and the current stakes include Intel I think it was a 10% stake Made a fortune on it already right, and a lot of that money was allocated. It wasn’t money that we took from it, it was already allocated through the TRIPS Act. Right, mp Materials I think that was only 15% stake. Lithium Americas the symbol’s LAC. Mp Materials the symbol’s MP, if you’re interested, you have Intel and Trilogy Metals is TMQ right. Those are the four companies so far that they took and these stakes. And it’s very important for you to understand this because when Besson was getting interviewed by, I forgot her name on CNBCA. I like her, she’s pretty good. She’s fair. 

It’s not about control, and that’s a big difference. Like we’ve seen, the nationalization of the biggest companies in China, france, saudis, russia, mexico, venezuela. The government controls these entities, including the decision-making behind it. The government controls these entities, including the decision-making behind it, and what Trump is doing here is he’s saying the US needs these critical metals that other countries have monopolies of and they continue to have it and they’re doing everything they can to keep it. And what we’re seeing with China. Why are you so pissed off with the recent tweets and social media posts? So now Trump is saying with his administration hey, you guys, by me taking a stake, you have access to all my resources. 

Now, no more red tape when it comes to permitting through the Secretary of Interior, which is a big deal, because I don’t know if you’re familiar with mining Not only is a permanent processing almost impossible, especially in some states, but after you get it, it takes about 15 years to produce this stuff. It’s just so much more. It’s permits on top of permits on top of permits. I’m in the field. I know everyone so many of the big players within this industry and mining and how difficult it is to bring a mine from early stage, put that flag in the ground to actual production. It takes like 15 to 20 years, which is insane. It shouldn’t take that long. So now Trump’s saying, okay, we’re removing that red tape, then you know who you have access to. 

Now, jp Morgan and Jimmy Diamond. They launched a $1.5 trillion security and resiliency initiative to boost critical industries. What does this mean? This is a 10-year plan, what they call Facilitate Finance Invest in Industries Critical to National Economic Safety and Resiliency. Investments and venture capital investments of up to $10 billion right off the bat to help select companies, primarily in the US, to enhance their growth, spur innovation and accelerate strategic manufacturing. That’s what they say. So we’re talking about the critical metal industry, energy technology, quantum cybersecurity, of course, ai. 

But JP Morgan, there’s like four major sectors here, whether it’s mining, it’s technology, it’s energy and stuff like that, and they actually this is how much they’ve been thinking about this right, this just didn’t happen. This announcement was under the radar because it was a couple of days before JP Morgan actually posted their results, which was yesterday and today. So they separated the four major industries into 27 sub-areas, from shipbuilding to nuclear energy to nanomaterials, and JP Morgan said they aim to increase this $1 trillion that they’re going to spend on the next 10 years by 50% over time. So it’s really $1.5 trillion that you’re going to have access to the funding, which is very difficult for mining companies to have access to funding. Maybe in the past six months they do, because gold and silver are on fire. But I could tell you as someone who’s involved in this industry, spoke at many conferences for 10, 15 years and knows key players in this industry it was impossible to get funding even when the market was taking off. In the past five years, nobody wanted to fund these deals and they had trouble. Now it’s getting a little bit easier, but JP Morgan’s saying because of Trump, hey, the taxpayers have a stake in this. Now you’re going to have access to this. Now you’re going to have access to sector interior, where it’s going to make it a lot easier for permitting. 

And now look at the moves in the rare earths. Look at the move in Intel. I mean, taxpayers are killing it and so are investors. Look at the move in US uranium companies. An issue just came out today and this was on CNBC, which I just saw before we got on. So you see, nuclear stocks are up a lot because you have the US Army launches a program to deploy these small nuclear reactors right, which is great. They got to be powered by nuclear right. So you’re going to see a lot of these nuclear companies go through the roof. And, as an investor and you’ve seen these moving uranium companies and it’s what my interview with Amir was all about right, we had that interview, if you guys listened to it last week when we posted, it was great. By the way, Amir is going to be speaking at our conference, virtually from Europe, at a Goldman Sachs conference which is going to be November 10th. 

Give us another update as well. As an investor, someone who wants to make millions in the stock market, so, basically, you can retire early, you can send your kids to any college they want, you want to live comfortably Basically, the priority for everyone listening to this podcast right now. This is a great thing. There’s lots of small cap names that are going to see their stock surge, probably 50% to 100% as soon as the deals like this are announced. If they’re on that critical list, look at copper companies, small cap copper companies. We have US gold in our portfolio. 

I’ll give that away because it’s 18. I mean, it wasn’t too long ago, when it was $3. I mean not only that. Look at the move in Intel and look what happened. Softbank making an investment in it, right. You’ve seen other companies making an investment in IntelVIDIA. You look at the critical metal companies After the government took a stake, look what they’re doing afterwards. I mean they’re up two to fourfold. That’s great for investors. Now it’s people pushing back and it’s saying, oh well, it’s a blurry line, it’s just socialism. Socialism is taking control of the companies and telling them exactly what to do. We’re doing this for other reasons, but think about this, where these deals were signed a couple of weeks ago. These stocks are going through the roof and there’s a lot of areas within us, including AI, with so many small cap names. Look at DGXX. It’s up another 15% today. You should own this under $1.50 and it’s pushing four. We gave it away at our free event last week at around $2.30, $2.40. It’s pushing four. 

Look at Bloom Energy. We gave it to you for free under $70 last week at the live event yesterday last week. Why do we do that? Because someone downgraded Bloom Energy and it fell from in the 80s to $68, $69. You should have got it under $70. That stock’s over 120 right now and I want to ask you a quick question. I mean this, please, at Frank Curzio. You can either go onto Twitter, which is the X platform, or email me directly, Frank@curzioresearchcom. 

I want to hear from you because these are free picks. I’m curious I really am the newsletters that you pay for, which is a lot of you, a lot of you subscribe to our newsletters as well, and you have a lot of these stocks within your portfolio which we gave away. We had Bloom Energy in the 20s, I believe, so we just gave it away at 69. We’ll subscribe us up a ton on it. You probably pay easily over $1,000, sometimes $3,000 annually for your newsletter. 

Is your editor or the person that you follow providing these types of returns? And I want to know I’m not saying that to pick on them, but if they are, I’d like to know their names Frank@curzioresearchcom. Why? Because I’ll interview them on the podcast, because my job is to get great people with innovative ideas that are going to show you great returns on this podcast. I don’t care if they’re a competitor or not. It’s such a big market it’s not really a competitor. I know most of the people in this industry, but I’d like to know their names, but I also want to know the names of people who are not doing their jobs. I’m just curious. Frank@curzioresearchcom, let me know. Hey, I subscribed to this newsletter and it’s been a shit show. I’ve been subscribed. This guy has so many great. 

I want to know because he might have a different look in AI energy where we’re in, and he might have a couple of plays that are under the radar that I could share with you. Right that I want to know about that, I may. It’s a network to get everyone involved so we all make money together. That’s the goal. That’s it. It’s that simple. There’s no ego. Oh, bloom Energy is my pick To hell with everyone else. No, I want to know because we gave away free picks. Dgxx, again, is up a ton. This is in a week Getting ahead of these trends, no-transcript. It’s a lot of fun because it’s a learning curve. You’re learning new technologies, knowing how much energy we need, and this is just the beginning. 

And now you’re seeing the administration taking stakes in companies and people are bitching. But you know who’s not bitching the people who own those. I mean, if you own those any day up to maybe a minute ago. You’re up a ton of money right and all those stocks that the government has taken an equity stake in which is 10% to 15% equity stake, and I know it’s a slippery slope and I get it. If you want to protest, you want to hold up a sign, hold up a sign, I get it. 

But the bottom line is, as an investor, you have to love this because they’re not controlling these companies and saying, hey, you have to do this, you have to do that. No, no, no. You have to hire this person for the board. You got to fire this person. They’re saying we’re going to give you access to anything. You need to grow this company to be an actual producer of rare earth elements, because it’s going to make our country stronger. And if you look at those dynamics, you’re basically gave them the kings of the kingdom to say, hey, your growth is unlimited right now, and you have the support of US government, which includes JP Morgan, who’s going to help you out with loans, which is one phone call away from the president of Besant, and that is great for investors. So if you want to bitch about it, you can bitch about it. I’m just saying as from an investor’s standpoint, which is why I listen to this podcast and make money. It’s not the worst thing in the world. It really isn’t, is it Also, Daniel, really quick? 

Besson highlighted how large cap defense companies have fallen way behind. I talked about this for the past five years. I was at the National Security Seminar at the Army War College 18 months ago and this was such a big topic. They were talking about defense companies and this is where all the colonels graduate like 300 and then they go out to regimes all over the world and stuff. It’s one of the most fascinating things I’ve ever done. And we sit in a room with like 20 people and people from other countries and colonels from other countries and we had one from India, one from, I think, saudi Arabia, whatever, and we talk about national security issues and they were talking about Palantir and how they hate them and I’m like, look, palantir is a great company, vav is a great company, vav is a great company. 

But what we noticed is that the defense companies, when it comes to innovation, are shitty because they have government all over it. It really is, because if you’re looking at the independent defense companies, it’s one of the most powerful side sectors that nobody talks about. I mean we recommend the AVAV. We’re up 1,400% I’m not cherry-picking names here. Kratos, 326% these are drone providers. Why isn’t that not coming from the major defense companies? All right, well, puget, palantir, Daniel recommend 655, 16 months. Right, again, another independent company on the defense side. So why are these companies not innovated inside the largest defense companies? And the reason is because there’s so much red tape, the government intervention it’s a boys club, the lobbying dollars, right. 

So when we’re seeing that part, what Besson said, and he criticized the defense companies, he’s right. I mean, look at everyone who’s spitting off or coming out of the Defense Department and starting their own companies. They know, they understand, if you want a disrupted industry, you got to provide something. You got to fix a certain problem. They’re fixing it. But there’s no innovation within defense companies. There’s not. They’re fighting, they’re jockeying for these contracts and again, it’s all about lobbying. And who you know? I mean Palantir’s, like F. This. This is what we’re going to do with AI. We’re going to help all these defense companies together. Now look at them and look how big they are. They’re growing tremendously. This isn’t like a meme stock or momentum. You could say it has momentum, but the revenue is increasing dramatically. It’s one of the fastest growing companies in the world. 

When you’re looking at all this stuff and you look at AI and then saying we’re not in the third inning because companies are just starting to implement this stuff, or you’re looking at the investments in critical metals and intel, it’s not socialism. We’re our governments looking to control boards. It’s about securing our critical minerals that countries like China are using against us, and this is something that could literally derail our economy if we don’t have access to and if you don’t think so, I mean a little history lesson here. Go back to OPEC in the 70s and all the way up to 2010,. We learned how to frack. 

Do you remember the oil embargo in 1973? Did you read about that, Daniel? Yeah, I had to read about it. Opec pushing oil prices up 70%. They were reducing the speed limits to 55 miles per hour. You had to wait on lines 30 deep. That’s what happened when you have other countries in control of us, which we do not want. 

We want to be able to focus and unleash growth. It’s like when you get an employee that has great ideas unleash him, don’t hold him back. You don’t want to hold America back from AI being the biggest company. We’re being held back if we have to buy our critical metals from a communist country. That’s why we want to eliminate those limitations. So this way, we no longer have the disadvantages, especially when we can produce oil, natural gas, rare earth metals in America With the right administration, not focusing on climate change 100%. Where China and India produce again a shitload of coal, they’re producing rare earth minerals. They don’t care, but now allowing these companies to mine, no red tape, which could take 20 years to build some of these things, and now throwing JP Morgan. 

This is why we’re doing this. This is the big deal If you listen to Besson, and why we’re doing it. This is why you could be pissed off. You could disagree, whatever. As an investor, if you want to make money and the government’s taking stakes in these companies, you could buy them after the news and you’re probably up hundreds of percent because these companies are going to dramatically and much faster than everyone else in the industry because they have the backing of the government and JP Morgan and NVIDIA and AMD and IBM and BlackRock right, that’s who’s in Trump’s circle. And if you have that, that’s a great thing as your investor, which is what we care about, and I think you really need to know that, because sometimes our feelings get involved and we’re like, oh, it’s not right or whatever. You want to make money. You want to make money in the market. This is a way to make money. They’re doing a good job. I think this is a good thing, especially for investors, but I’m sure I’m going to get some negative feedback. 

0:37:51 – Daniel Creech

We’ll see he did. He said in the interview this morning on CNBC. He said he wouldn’t be surprised if the US takes more equity stakes. Obviously there’s going to be more coming. He also mentioned, Frank, a strategic mineral reserve, and he said that in not retaliation, excuse me, but in the conversation of a strategic gold reserve. That was interesting and I’m going to blend these because I thought it was telling for Besset to say that yeah, because you can’t get out in front of Trump because, and you know who raised his hand? 

0:38:21 – Frank Curzio

Trump’s going to change his mind Managing that. Who raised his hand to manage that Fink? No Better. 

0:38:26 – Daniel Creech

Jamie Dimon, oh Dimon yeah, he’s like, I got it, I got your back. 

0:38:28 – Frank Curzio

Yeah, I can manage that. 

0:38:34 – Daniel Creech

We’re working Strategic Mineral Reserve and talks about different things. If you’ve listened to Jamie Diamond over just the last couple of weeks at different events or conferences or whatever he’s been talking about, hey, forget storing gold and all that. I want to store ammo bombs. I mean Jamie Diamond is talking like and you guys can use the intranet and your Google machines. 

I believe it was Jamie Diamond that said if we get into a serious altercation in the South China Sea or near Taiwan or on the other side of the globe, let’s just say essentially he said we would run out of bombs in a week. Now I give him the benefit of the doubt. He’s a billionaire and they know more than Daniel Creech does. That, I have to say, would surprise me. If that’s the case, then we do need a stockpile of bombs. We need, like Yosemite Sam on our side, Frank, and build a whole town. 

You can tell that was genuine Frank’s over there chuckling the saw by saying, hey, in the next few months, at the absolute most, I mean I would be very shocked, Frank, if we don’t see Jamie Dimon and JP Morgan going into the defense sector and you’re going to see all these headlines To Frank’s point, the blueprint that we’ve seen under the current Trump administration is not. Oh no, I missed it on the first pop. If you pull up MP Frank I don’t know if you have the chart up, you don’t have to you can clearly see from the chart where the gap up is basically the initial rumor or announcement or whatever, and since then it’s got to be up at least 300%. Yeah, it’s from 30. 

0:40:10 – Frank Curzio

Are you showing that? Yeah, it’s 30. So you see the first. 

0:40:11 – Daniel Creech

Gap up and then if you would have bought that day, maybe, depending on the next couple of days, you might have gone down a little bit and maybe felt bad. But if you still held it for a month or till today, you are up significantly. And the point, just like Frank said, with Intel and everybody else, you have this first step All right, Trump’s going to do this or there’s a rumor. And then, just like with Intel, boom you get SoftBank, boom you get NVIDIA, and I don’t know where Intel is, but it’s still higher than from to Frank’s point, it’s still higher than the original recommendation. So do not feel like you missed it. And actually to couple that, because Frank gave it away, when you recommended BE, it was on a huge, massive up day and I guarantee you people didn’t buy it because it was gapping up that day and you were like this is not the end. And that was in the 20s, and now it’s a hundred and whatever in less than a year, I mean anyway, I mean you got to look at MP. 

0:40:58 – Frank Curzio

That is the blueprint. So that’s the key, just to show what we were talking about. So if you’re looking at this, just really quick at these, you’re looking at a company now. $15 billion market cap. It’s down like 11% today it’s up tremendously. It’s down 10%. It actually had $100. $15 billion market cap Mining that I mean the cost to mine is just incredible, right. 

And then you have and one of the big mistakes I think people made, including me I made a mistake where I was like, wow, gold companies are going to do great, gold’s going to go higher. And what happened is gold went a lot higher but the mining companies didn’t follow. And why didn’t they follow? And I’m talking about up to about maybe six months ago. And then we saw this massive move in some of the big ones. And then the royalty companies already done. Well, they’re structured differently. Right, I don’t have to worry about the huge CapEx costs and stuff like that. They’re just finance companies. 

But the point when you’re looking at how much it costs and when you’re looking at the inflation for tires, for labor, inflation was outpacing the price of gold, which was crushing these companies they couldn’t really raise money either. You didn’t see this massive move when gold was going higher, silver was going higher. You didn’t see the massive move, especially in the junior miners, because inflation was so high. Now you saw the next leg up from maybe $3,500, $3,600 to $4,200. Now you’re seeing, now it’s a different level. Now it’s like holy shit. Now, now it’s a different level, now it’s like holy shit. Now we could start producing a lot of this stuff that we didn’t think we’d be able to produce, because we needed 3,000, 3,500 gold prices to be steady. Now you have 42 and you have Bank of America just coming out putting a $5,000 price target on it in 2026. 

When you’re looking at the fundamentals here of MP, you could see it’s a $15 billion company generating $200 million in revenue. Their gross margins are 11%, return on equity negative. They have a forward P of 436, ebitda negative. It’s just they’re losing money. You see the net margins. It’s a horrible picture. But now, when you have the government behind you saying, okay, now you don’t have to worry about permitting, now you got to get funding, now you have all this stuff, these businesses suddenly become economical and that’s why you’re seeing these massive moves where even a company down 10%, nobody cares if you had this either last week or especially before Trump announced a deal with these guys. But going into mining, it’s such a terrible business. 

And to have this especially with uranium and the US Army coming out and saying, hey, you know what we’re investing. Now we’re pushing these small nuclear reactors. They said it’s going to be three years. That’s complete horseshit. They have no idea what they’re talking about. It’s not going to be three years, it’s going to be at least four to five years minimum, no matter how much money gets put into this stuff, because you need the approvals, you need safety on it. This is like a new technology. 

Only three of these SMRs are in existence right now. I think it’s one in Russia, or maybe two in Russia, one in China, one or the other. I mean, even in those areas where they don’t give a shit about anything, which is Russia and China, they’re not even mass producing this stuff. There’s a lot of safety valves, safety checks and stuff like that, but you’re seeing nuclear companies go higher as well, which is really good. And then you know again. Bank of America also came out and said $65 silverware. We’re just over 50 bucks, I think, Daniel. When it comes to silver prices, yeah, give or take, I think it’s around 50. 

0:44:08 – Daniel Creech

Yeah, it’s like $51. 

0:44:09 – Frank Curzio

So this you know, and this is next year 65, which is silver, but I love that Besson said right, there’s been no CapEx. They’re basically exploring existing mines, and especially from the majors. But now you’re going to see a lot more stuff come online and is this a direct response to, oh my God, the destruction of the dollar and what’s going on? It’s terrible, I don’t know. But gold’s doing great. It’s got a lot of momentum. Silver’s doing great. I’m very happy about that. I own both. 

I also own crypto, which crypto did take a hit after Trump posted on social media about raising tariffs on China. Again, most are down 10% to 15% in the past week, rebounded a little bit and I would say, Daniel, use this as a buying opportunity to buy the larger cryptos and Bitcoin, ethereum, solana, solana, I think just got some ETFs approved on Friday, which means more money that institutions could offer. So institutions could say, okay, now that we just like BlackRock, here’s our ETF, now you can get into it, and then they’re going to buy more Bitcoin, more Ethereum, more Solana. So I think those are great buys on a little bit of this pullback, only because the massive demand that we’re seeing which you highlighted, Daniel, which is Morgan Stanley right? Allows all their investors now to invest in crypto. 

0:45:27 – Daniel Creech

Yeah, I thought that was a big announcement because the way it read to me was Morgan Stanley, typically, you roll it out to your best investors, your high net worth, your accredited investors, whatever. You guys know how I feel about that BS rule. Now I think they just feel like they’re missing the boat, not to mention, Frank, correct me competition. You can buy Bitcoin and get access to Bitcoin in so many different areas and avenues, which is a very positive thing, and it’s not slowing down. It’s going to continue, but I think that that’s the way I read it. I, that’s the way I read it. I’d like your opinion, but I just think hey, what are we? 

doing here? We? You got these people saying you can increase your allocation from two to four to 10. I mean, like you guys were involved in this so much and I’m I’m not telling you how hard we work, I’m simply saying I can get blinded. I don’t want to speak for Frank, but I am trying to write down and understand and look through history because I enjoy history so much. As Frank pointed out earlier about my age, I wasn’t around in the 70s for the OPEC thing, thank goodness. 

When you have a guy like Ray Dalio and take everything with a grain of salt because everybody talks their book and all that kind of stuff, I personally think Ray Dalio is doing a backtracking thing because anyway, it’s not important. When you have a guy like Ray Dalio no-transcript. You hear Buffett talk about gold, barbaric metal, stupid. Put it in a hole of ground. Now you have the greatest success hedge fund guy talking about massive allocations. To that my only point is that means that if you don’t have any, then you haven’t missed the boat. Get exposure. That’s really the takeaway To Frank’s point. 

Whether it be the leaders in gold and I had to apologize for CRA members because I finally put gold in the portfolio the other day, even though we’ve talked about it a lot. You don’t gain credit for that. I agree with the big cryptos and such because, quickly and I’ll pass it back to Frank it sucks to see prices go down when Trump tweets something and markets go down 3.5% on a Friday and you lose a bunch of money. That hurts. Don’t think that we take that in stride. However, if you really stop and think, what changed other than the price? Not a darn thing. And if you’re selling your gold or you’re selling high quality companies or you’re selling your crypto on a knee-jerk reaction like that I’m not trying to preach to you, but maybe you have too much exposure. Trust your gut there. But if the thesis doesn’t change and only the price, that’s a whole different avenue than the thesis changing. 

0:48:09 – Frank Curzio

So if you want to know why everyone’s getting into crypto, look at BlackRock with their ETFs it’s now at $100 billion. If you want to look at Robinhood and what they report, in the second quarter of 2025, assets total platform assets grew 100% to $279 billion. These are brand new markets. These are brand new markets for these companies that have growth that it’s not as easy to get that growth unless you have a good economy, investment bank, whatever but now you’re seeing a total different asset class that people want. 

0:48:43 – Daniel Creech

Sorry, what was the number on BlackRock for crypto, for BlackRock is it’s $100 billion, and two years ago it would have been. 

0:48:50 – Frank Curzio

They just got approved Zero, that’s my point. That’s my point. It’s that fast. Yeah, I think it was. What was it? I think they might be going in two years. 

0:48:58 – Daniel Creech

I don’t want to get you all dragged down the map. The point was this didn’t exist a couple years ago for them increasing 45% year over year to a billion. 

0:49:11 – Frank Curzio

Diluted earnings rising 100%. Significant customer and asset growth, including 13.8 billion in net deposits and a record 3.5 million Robinhood Gold subscribers. If you want to know why they’re getting into this, this is why and I put up this really quick I’m going to see if I can find this picture as I’m doing this, which I’m pretty sure I put up during our live event. I want to see if I could find this really quick in terms of assets, if I can. 

0:49:39 – Daniel Creech

Oh for allocation. 

0:49:42 – Frank Curzio

Yeah for allocation with Morgan Stanley. Morgan Stanley came out with this allocation now and I have it someplace. Give me a second here. 

0:49:50 – Daniel Creech

Spoiler alert they’re raising their allocation. 

0:49:52 – Frank Curzio

They’re raising their allocation, saying that you should have a 4% allocation into crypto. A 4% allocation, and let me see if I can find this. Yeah, I can’t find it. So, 4% allocation I pulled a note, I took a picture of the note that they have, which is really cool and a 4% allocation that they were promised. So they want 4% allocation. 

Just to put that in perspective, we have $100 trillion probably about $110 trillion assets in the management and BlackRock was talking about a 2%, which is $2 trillion, a little over $2 trillion, which is what Bitcoin’s market cap is. What $2.5 trillion. Now you’re looking at it and saying no, no, no, no, not 2%, 4%, maybe 5%, 15%. Allocation of gold here I mean the allocations are huge, where the growth is massive. And what is it going to mean for Bitcoin? What is it going to mean for Solana? What is it going to mean for Ethereum? 

Just this constant buying, especially of Bitcoin, which is limited and there’s not a lot of supply in the market, not just from the halving which cuts supply growth in half every four years, but just the massive demand compared to the supply that’s available is not even there. A lot of people who own Bitcoin are just religious to be like I’m owning it forever. I don’t care. It’s like gold bucks. I’m owning gold, no matter what. They’re holding it, no matter what. When you’re looking at crypto, you’re going to have these ups and downs and we saw a nice correction, especially in a lot of the alt names, like some of them went down 20%, 20%. 

One happening right now Bitcoin’s down 3%, yes, but a lot of that is probably going to be used as a buying opportunity. I think it’s a great buying opportunity because you’re just going to see this massive demand continue. Remember the record profits that we saw Morgan Stanley, we’re seeing it at Goldman Sachs, across the board at the banks. A lot of that, when you’ve seen that money coming in is going to new ideas, especially within crypto. It’s more money in the asset management. Stocks are at all-time highs, they’re taking an allocation of stocks and they’re pouring into Bitcoin. At the end of Solana, we saw a nice move in these already. Now they’re pulling back. Maybe wait a little bit, right, but these are good, going to hold stuff for over a year, two years, three years, four years. 

You want to be buying on this pullback, just like we told you to buy Bloom Energy on the pullback, which is one of our free stocks that we gave away at our live event only because it got downgraded and it was 87 or something, 86, and it went down 15% from a downgrade on valuation and I’m like never, ever. If anyone downgrades anything on valuation, just buy it immediately. It’s the worst thing you could do. First of all, valuation is so arbitrary. Where it’s like, you know, it’s hard to determine valuation when you’re looking at companies like a Bloom Energy or Oklo that are going to have massive scalability within their you know technologies later on. It’s kind of like saying Microsoft is overvalued, like 15, 20 years ago, right when it had a $300 million market cap and now it’s what? $4 trillion, I think Microsoft. I think Microsoft hit $4 trillion. I think NVIDIA is $4.5 trillion now. So when you see valuation concerns, it’s kind of like, especially when a stock that has momentum Now that Blue Manager just signed a $5 billion it was Brookfield Asset Management to distribute a lot of their technology, which is great, a lot of their technology, which is great. So this is a company that’s just in the middle of this amazing trend massive spending, dire need for energy, which I don’t know how we’re going to get to power. 

This next wave of AI, which is clearly you’re seeing it within the banks. You’re seeing it within the banks. You’re going to start seeing it within a lot of these industries, especially S&P 500 companies have a lot of money to pay for this stuff as agentic AI and you have these bots that’s the next generation, which require a lot of power, and you’re going to see these names continue to go higher and higher and higher, which is good. But crypto itself, I think again, this is another buying opportunity, like what we saw at Bloom Energy, and again we’re not diehard. Automatic permables the money’s there, the CapEx is there, the funding is there. 

If you’re looking at crypto, you’re looking at AI, there’s certain industries consumer staple companies are starting to turn a little bit. You’re seeing money filter out and say, okay, this industry did shit, kind of like gold, in like 10 years and people are like, all right, you know what? Hey, let’s start buying gold and gold. Silver has been doing fantastic and you could argue if you’re right or wrong. Just know gold’s going higher. We told you to owe gold. People use it as an insurance policy, but there’s massive demand for gold, there’s massive demand for silver and there’s still a lot of great, great, great returns to be made within that industry, especially when you look at critical metals. 

Focus on some of the US producers. If you’re buying these names, even if they have US operations, if you have the government coming in and taking a stake. These things are going to go up tremendously from here and as an investor, you want to be positioned and it’s not just they’re not talking about the large companies that are producing. They’re doing this with smaller companies, small caps in our realm, which is a lot of fun, and some of you have been owning these rare earth metals and lithium Americas and stuff like that, mp. Good for you, good for you. They’ve been pretty much dogs for most of the time, but now you’re seeing these things really take off and now you have the government backing behind them, which is really, really good, and as an investor, you should be focused on it, focus on a critical metal industries. You have tailwinds behind gold, silver, everything All metals across the board. Now you have to pick the right companies. What we’re doing. 

I’m going to New Orleans conference I think it’s on the second, third, fourth to meet with a lot of companies and talk to them. I went to that conference last year. It’s definitely going to be a lot different this year. It wasn’t as crowded. I think it’s going to be jammed. I’m hearing that about conferences in Europe when it comes to mining. A few conferences. There was one, maybe in South Florida recently, but I’m just hearing that a lot of these you’re seeing massive deals. I can’t even talk to the people at the conference. They’re like I have meetings set up all day, all next day, until I get in a plane. That’s my contacts, the people I know, the CEOs of these companies. I usually call and ask them hey, how’s it going there, how’s deal flow? They can’t even talk to me, they’re so busy and I love it, I freaking love it’ll continue. 

0:55:28 – Daniel Creech

It will continue. They have a good runway for a while, Frank yeah. 

0:55:31 – Frank Curzio

Okay, guys. So listen, let us know what you thought about that live broadcast last week. I don’t know if you guys even noticed, if you just went to iTunes, but that was live. We might be doing some live and folks on Q&A we’re going to see a lot of changes here. Even we’re doing very, very well. 

We started our marketing consulting division, which is great, and we work with four companies. So far, all four of those companies are up tremendously because we only work with good companies. We invest alongside these companies. We help raise money for these companies, even do Curzio One, which is different from what other marketers, which is going to buy media and push the stock up and then you’re going to see hedge funds pick it off and push it back down, which is going to piss off everybody else except the marketer who makes money. So we’re doing investing in this, telling the stories of the CEOs and working specifically with companies that we like that have catalysts coming up that I’m investing in after I signed these deals. I’m not getting shares from any companies or anything like that, but that’s a gaping hole in this industry right now where these companies want to be marketed real companies the right way and just going at it with buying traditional media and getting the wrong investors in there, and stuff like DGXX is a good example of this. Other companies that we worked with Uranium Royalty was another one as well, where we had a budget and we didn’t spend that much early on I think earlier this year because uranium prices came down, uranium stocks got nailed and instead of forcing the issue, we held up and even after the contract, what we said? 

We said, hey, we still have money that we didn’t put together. And now we started putting money. We started mentioning a lot more and talking about it more and telling that story now that uranium is going higher and that stocks up tremendously. And that’s what we do. Right, we’re in favor of the companies. That part of the business, I think the sky’s the limit. I think any good CEO wants that. They need marketing. They raise money. It’s one of the first things that they do. It’s go incorporate. It’s not going to individuals or direct to retail. This is business to business, which these guys pay a lot for these services especially if they get good services and I love working with these companies it’s not just marketing, it’s also consulting and helping them out, telling them how to tell their story, which is very important. If you don’t think story is important, Daniel, look at Tesla. That’s right. It’s not the fundamentals, it’s the story. It’s the future that drives that company. It’s Palantir. It’s the future. Right, they don’t have the fundamentals now, but it’s the future. Right, it’s the story. It’s the hope I’m in sucks right now. 

Well, you put yourself in every single category of every gold company. What’s your story? What separates you from everyone else? That’s going to okay. You go higher, gold goes higher, you go low. If gold goes lower. What’s going to separate US Gold’s, another company we work with Now. They’re on the NASDAQ. They’re on NASDAQ, but they’re in a Russell 2000 now, and this is a company that we helped out tremendously. And look at them, look what they’re doing, and for that stock to be $17, $18 right now I’m so happy for them I still think it’s incredibly undervalued. I always say that stock’s $34. These are the companies that we’re dealing with as well, which is going very, very well, which is cool. 

A lot of these guys will be our conference on our one conference. So if you’re a one member and you’re still on a fence, you have one, two more days tops to get the discounted room rate. It’s November 9th to the 11th. Again, you got Amir. You got a company invested in adrenaline. Those guys are going to be there. I’m talking to Frank Holmes. He might come. Scott Cohen’s going to be there from RAP, which I think people are going to be interested because that stock’s been moving higher finally. So we waited for that one. Thank God. I told him he’s going to need body guards if he was still down to the levels. 

It was One of my biggest positions. But a lot of positive stuff going on with that company right now. Lots of good stuff. It’s great. Took a while to right size that company but it’s great. And just Scott LaPorta from Sugar Fiend is going to be there. We got who’s done over 700 deals teaching you what to look for in private investment. 

It’s going to be a really good event. It’s going to be tight-knit, really cool and a couple of days left. If you guys want to book, if you’re a one member, if you’re thinking about becoming a one member, that’s the access you get to the deals that we get into as well. We were able to invest in a private placement in DGXX’s really cool. If you want to become a one member, just reach out to me, Frank@CurzioResearch.com, if you’re not a one member, guys, and you’re interested in going to conference. Still, we’ve been sending out emails. I get it A lot of one members, credit investors running your own businesses and all over the place. If you haven’t seen it or you want to go to the conference, please reach out to me. This way I can lock in your rooms and stuff. 

It’s going to be November 19, 11th, pier 1, pier 66 at Fort Lauderdale, about 10 minutes right from the airport, which is really cool. So we’re looking forward to seeing all the One members meet, a lot of you. We have a lot of people that are already attending. It’s going to be a lot of fun. So, guys, I can’t breathe. That was a long podcast, right. I like it when it’s earnings season. It’s stuff to talk about. It’s a lot of fun, so it’s cool. So, anyway, thank you so much for listening. Daniel and I will see you guys tomorrow on Wall Street Unplugged Premium. If you’re interested in subscribing to that, you can go to our site, Curzio Research $10 a month. It’s really really cool. We have a portfolio as well. But questions, comments, again, feel’s your email. 

1:00:24 – Daniel Creech

Daniel@CurzioResearch.com. All right guys, We’ll see you tomorrow. 

1:00:27 – Frank Curzio

Take care. 

1:00:28 – Announcer

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.