Daniela Cambone participates in a discussion with market professional Todd “Bubba” Horwitz, the creator of BubbaTrading.com, diving into subjects such as the trajectory of gold in 2024, the U.S. dollar, the present financial landscape, and the “Taylor Swift Result”. Horwitz forecasts that gold will reach an all-time high this year, stressing the significance of consisting of metals in every portfolio, especially physical ones instead of paper possessions, due to issues about the defects in the fiat currency system and the danger of currency declines. He likewise challenges the dependability of positive work figures, recommending that they stop working to properly show the real state of the economy. “Next month when they bring out the tasks number once again, I make sure the modified simply went lower,” he mentions. Moreover, Horwitz reveals his appreciation for Taylor Swift and acknowledges the favorable effect she has actually had on both the economy and the more youthful generation. Enjoy the video for additional insights.
CHAPTERS:
00:00 Super Bowl environment
1:46 Biden’s discuss inflation
2:59 U.S. financial status quo
5:49 When will the Fed make the modification?
7:32 Jay Powell on 60 Minutes
8:26 Gold outlook
10:44 Gold cost trajectory
11:45 U.S. dollar
13:19 Swift result
RECORDS FROM VIDEO:
00:05
Hi, this is Daniela Cambone and welcome back to the Daniela Cambone program in our brand name brand-new studio in New york city City and joining me today for this inaugural launch, Todd Bubba Horwitz, so excellent to see you. Invite back to the program. I need to have you as my very first visitor in the brand name brand-new studio here. What’s up, Dani? I enjoy the brand-new studio. I enjoy being on with you. It’s constantly terrific to be here. And undoubtedly I come bearing a scratchy voice today. No.
00:33
It is not from Super Bowl events, however undoubtedly, we’re most likely probably something that my kids brought home from school. You remain in Las Vegas, right? So before we talk economy, we talk genuine organization. How was it? How was the environment? I imply, you’re best in the middle of it. The environment was loaded. It was interesting as it constantly is for Super Bowl. You understand, bear in mind that although the Super Bowl was here, which was terrific, the Super Bowl is constantly a huge occasion in Las Vegas anyways. It was simply larger. And with the …
01:02
with the brand-new huge sphere. It was actually wild and insane down on the strip. So it was a great deal of enjoyable, actually havinged fun and had the winner. So what could be bad about that? Yeah. I imply, I wondered if you enjoyed any of the commercials. I enjoyed them all. I enjoyed the whole video game from start to complete. Cheering on the Chiefs? I was cheering on the Chiefs and I was cheering on, ideally I was hoping Harrison Buckner would get the MVP. However …
01:31
Regrettably, it didn’t. Appears like the genuine MVP may be Taylor Swift and we’ll speak about that. However the factor I raise the commercials, this wasn’t an industrial throughout the NFL, however President Biden commemorated Super Bowl Sunday in a manner lots of viewed as a strange and paradoxical video assaulting shrinkflation. In reality, Baba, I Googled whether it was really a phony video or not. I’m unsure if you captured it, however essentially,
01:59
He was estimated as stating while you were Super Bowl shopping, did you see smaller sized than normal items where the cost remains the very same? Folks are calling it diminish inflation and it implies business are providing you less for each dollar you invest. I’m contacting the huge customer brand names to stop it. I imply, unsure if you saw the tweet, any ideas on it, however I imply, it was a random time. Well, he’s a random moron. I imply,
02:25
let’s admit it, the courts ruled that he wasn’t that cognitive adequate to stand trial. However at the end of the day, the business have actually been doing that for several years now. Because this entire inflation gig launched, you go to the supermarket and your typical 16 ounce steak is 12 ounces for the very same cost you’re spending for the 16 before. I imply, this is the method they’re attempting to conceal inflation by revealing you that the costs aren’t increasing at the shop. You’re getting less for your cash, which is 100% right.
02:53
Well, this is actually the point of what I brought you on today, to assist us fix this secret. So all of us get it. Strong joblessness rates, increasing customer self-confidence, reducing inflation. However the fact of the matter remains in the financial obligation. That’s where the fact lies. Family financial obligation increasing, Americans utilizing charge card especially, can’t make me payments.
03:21
you understand, according to a current study, I check out, you understand, one of the most of it. And the most recent New york city Federal Reserve information revealing that increasing charge card financial obligation and out of loans assist press U.S. home financial obligation to brand-new records in the 4th quarter of 2023. So simplify for us. You understand, we keep seeing the headings like economy is doing terrific, however no genuine individual is seeing or feeling this in the house, Baba. If you’re a follower in the numbers they report,
03:51
you ought to go see a physician and go lay on a sofa for a while. Since the numbers are trash. To start with, you wish to speak about work. In 2015 in 2023, the work was 63% was either federal government or unique jobs that were sponsored by the federal government. That’s primary. Number 2, inflation is not boiling down. They are reporting you numbers that are unreliable, however no one ever takes note of the modifications. Next month when they bring out the tasks number once again, I make sure they’ll modify this one lower.
04:20
If you draw the line at the upper middle class and above, they’re not feeling the general pinch. However those who generally go to work, those who are being laid off are investing more cash and forget the dollar quantity since undoubtedly we have inflation that needs to represent it. However never ever in the history have we had this many individuals that restrict on their charge card that can just make the minimum payment, which implies they’ll never ever get that payment settled. So we’re spinning and spiraling out of control.
04:49
into a catastrophe. Take a look at the quantity of homeless individuals on the street. Take a look at the absence of work. When you enter into a shop, you can’t get any assistance. And after that obviously you have actually got all the criminal activity that’s now included since of your president that does not appreciate anything. You have actually got Oakland where they’re closing down in and out hamburger, which every other location worldwide, there’s a line around the shop every day you go there or in Portland where Nike and Starbucks are closing shops. I imply, you saw in New york city city, the cops were getting robbed.
05:19
So, so, is that amazing that we let the prohibited aliens in this nation and they rob the cops and you’ll provide no bail and let them disappear? And who gets to spend for that? Oh, we do. You and me, the taxpayer get to spend for all this trash that we are seeing going on in this nation. And it’s a disaster of what we’re seeing with, with, with this administration and what we’re doing to the best nation worldwide, or what utilized to be the best nation worldwide, the United States of America. So if the terrible costs has
05:49
benefited just the abundant and the rate of interest cuts have actually undoubtedly impacted the middle and low earnings class. When is the Fed gon na make the modification here? Well, to start with, they should not be cutting rates. It appears like there’s no time at all quickly. They should not be, they ought to not be cutting rates. So to start with, we should not have low rate of interest. Low rate of interest benefit the very rich. They do not benefit the lower middle class, fine?
06:17
The lower middle class isn’t obtaining that much cash. Okay, the rich, they can obtain as much as they desire and they can get their credit. All you’re doing is enabling the banks to over utilize themselves and require the taxpayer when they fold once again to spend for their errors. Rates are too inexpensive, they ought to be greater. There is no factor that we ought to have ever gone to where we went to. They ought to have never ever been at absolutely no or one. And today there’s a line, the emergency situation loaning rate, loan rate, the window.
06:46
has actually never ever been this crowded with banks that require cash from the Fed. So once again, and if these numbers are precise, fine, then they can never ever cut rates. They need to let rates go higher or we’re going to continue to stay too hot. However it’s being too hot with an extremely percentage of the population that can make the most of that. So that’s what’s going on. You’re now beginning to see real estate difficulties since, obviously, the rates are greater. The real estate is not as slick as it was.
07:14
and you’re now getting offers, even on brand-new building, you’re getting offers now. So they’re informing you ahead of time that there’s an issue. We have actually established and produced a beast with rates where they were since they do not let the free enterprise find where rates ought to be since they can be much greater if you let the free enterprises trade them. Right, however it appears like we’re just gon na have some sort of pivot now. I imply, I’m unsure if you enjoyed the 60 minutes with Powell, however a lot of are just believing, you understand, come summer now. He appeared like a goon.
07:43
on 16 minutes. He stated, I do not understand. Why, why do you utilize 2% of the target? I do not understand. I imply, is that something that you desire your fed chair, most likely among the most effective individuals worldwide to be on nationwide television and state, Oh, I do not understand why we utilize 2%. I imply, where do we get the numbers that they comprise? Okay. Listen, the only time we’re going to cut rates, in my viewpoint, is possibly best before the election. If Trump is the Republican prospect and they wish to attempt to stick it to him.
08:13
they’ll cut rates right before it to attempt to enhance the economy. Aside from that, you understand, there’s no chance they can cut rates. With the reports that we’re getting on inflation and on whatever else, there’s no chance they can legally cut rates unless it’s a fraud. Let’s talk markets now. Let’s concentrate on gold costs. You understand, it’s the year of the dragon, Baba. The dragon infant rush, they’re stating, might drive gold costs to brand-new highs if the country, China, chose to buy this instructions. This is according to one broker.
08:43
Crow federal government authorities are hoping the impact of the year of the dragon, which is revered for its power, strength, best of luck, and knowledge, will motivate couples to raise the birth rate. The in 2015 of the dragon in China saw a 38% increase in brand-new births. Okay, more than the increase in birth rates. I wonder to understand your ideas on this present gold market. I imply, as we’re speaking today, getting some pressure from the more powerful United States dollar and United States treasury yields. Your handle gold?
09:13
And might we see- I’m sorry. Please, no, no, your handle gold and whether we might see a restored interest in China purchasing. I do not understand if it’ll be China. China’s in a great deal of problem. No one speak about the issues that China has there. And I do not understand if they have the, they’re as soon as again, as they let individuals establish a middle class, they’re now attempting to damage it once again. However once again, gold itself, I believe is going higher. Now once again, it’s gon na greatly, we have actually been stuck in between 2,000 and 2,100 for-
09:43
a number of months after making a brand-new high. And I believe that we’ll make perpetuity brand-new highs once again this year and I would not be amazed if gold get to 22 or 23 or 2400. I imply, once again, I do not understand when it’ll be, however I believe that gold is gon na go higher. I believe silver is gon na go higher. Listen, I believe the metals are a location to be. And I believe that every portfolio needs to have some representation of metals and physical metals, not paper, however physical. Since once again, paper is, I do not believe there suffices gold worldwide to cover the quantity of paper that’s been offered.
10:10
however I do believe you ought to purchase our physical metals and have them since I do believe they’re going greater. I imply, listen, we’re gon na have markets that are gon na fluctuate. And once again, it’s an excellent possession class to own. And keep in mind, you might at some point require it as a currency once again, since with what’s happening with these currencies and these fake reserve banks around the world and the fiat currency, which is definitely a useless system attempting to benchmark dollars versus each other.
10:37
It’s a fraud. I imply, they can do whatever they desire with them. All they’re doing is providing the capability to cheapen your currency and your dollars. What do you state to folks? Since undoubtedly, I understand you’re a follower in gold, who state, provided all the geopolitical stress, why? And obviously, I understand there’s the argument, appearance, gold’s doing what it needs to and it’s at perpetuity highs, however individuals wish to see $2,500 gold. Individuals wish to see $3,000 an ounce gold here, Bubba. Well, I wish to see Harrison Buckner win the MVP for 302.1 in the Super Bowl. However once again.
11:06
It does not take place up until the marketplaces are prepared to purchase it. Keep in mind, the gold markets, all markets are established by purchasers and sellers or cost discovery, right? So up until the purchasers wish to step up, I imply, the sellers can’t simply control it lower unless they want to dedicate excessive capital, which ultimately they’ll get stuck. At the end of the day, the gold market is going to increase when the purchasers choose to end up being more aggressive. And today, they have actually been really passive. We have actually been seeing sideways action, and you’re seeing
11:34
The strong hands end up being purchasers, press it approximately a level of resistance. The strong hands come and end up being sellers and press it pull back to support. Which’s simply the churning of any market. It’ll break out ultimately and probably to break to the benefit. Let me speak with you a 2nd here about the United States dollar, which you raised, since I make sure you captured, if not all, however parts of the interview in between Vladimir Putin and Tucker Carlson, where Putin alerted that the Biden administration is.
12:01
killing, he stated, the dollar with its own hands by turning the currency into a weapon of diplomacy. Ideas on that interview which particular declaration about the weaponization of the dollar? Well, I imply, listen, I believe that this administration is attempting to have a damage all over. Okay. They had a best capability to put the Ukraine-Russia dispute to rest and remove all these issues. They’re attempting to damage …
12:29
the nation the method we understand it. They’re attempting to turn it into a Marxist or a communist nation. So whatever they do is not to the advantage of the residents here, however to the hinderance. And obviously, once again, the more powerful dollar, appearance, the dollar trades like anything else. And whether they’re weaponized here or not, once again, it still trades versus the other currencies. And I believe that the dollar is greater. And why do we wish to, why do not we desire a more powerful dollar? I imply, since it makes gold decrease or since it makes the products decrease. Look.
12:57
You desire your product, you wish to offer products at a cost, you get a greater dollar, offer the products for a more affordable cost if you actually think that holds true. I do not think in that case. I believe that if they had a real, if the dollar had a real support like gold, like it utilized to have, then we would understand what a genuine worth was rather of the synthetic worth that is put in by the Federal Reserve and the reserve banks around the world.
13:20
Todd, we began talking the Superbowl. So let’s simply end with this enjoyable reality, since I understand you are a genuine Taylor Swift fan. That front workplace sports initially reported the pop star produced more than 330 million for the NFL and the Chiefs. This is according to Peak marketing group. This, and she just participated in 12 video games leading up to the Superbowl. And according to a current study by Providing Tree, she’s getting the more youthful kids, mainly girls thinking about the NFL. She’s making an impact, making them appreciate
13:50
Football, your ideas as I understand a diehard NFL fan on the Swift result. I believe there’s absolutely nothing much better than Taylor Swift being so greatly associated with the NFL. She is incredible. I imply, I do not see her on the NFL fan, however she is incredible. When she does a show, she does a show for the Rebels. Everyone likes her. Okay. She is the most popular icon worldwide. Why would not you desire her representing your item and out there and generating?
14:19
The more youthful generation, because once again, appearance, with all the betting that’s going on and all the apps that are going on, the legalization now in New york city City, fine, they’re generating more individuals. And think me, the factor that football is the primary sport to start with is since of the betting, not since of the video game. And now you’re generating an entire brand-new generation of individuals that enjoy Taylor Swift and they’re ending up being thinking about the NFL. How can you not like what she’s doing? And anyone who states various is a moron. And they got to shake it off.
14:48
I imply, if you’re a Swifty fan, you understand my recommendation, however I think that’s why there’s numerous, you understand, conspiracy theories as you understand, why did Taylor Swift end up being included? However anywho, we’ll conserve that for another day. Thank you, Todd Bubba Horowitz of BubbaTrading.com. You’re the very best, Annie. Thanks, honey. I value it. We’ll see you quickly. And we’ll see you all quickly, soon from our brand name brand-new studio here in New york city City. Make sure to remain tuned to the Daniela Cambone program.
15:17
here on ITM Trading and do not forget to register at danielacambone.com. And as constantly, if you have any concerns, remarks, wish to talk about, uh, you understand, the material that we speak about on this program or have concerns about constructing a technique mainly surrounded about rare-earth elements, then make sure to connect to among my amazing associates over at ITM Trading by reserving a Calendly consultation in the link listed below. That’s it for me. We’ll see you quickly.
SOURCES:
https://x.com/Bubba_Trading?s=20
https://bubbatrading.com/
https://twitter.com/POTUS/status/1756713597864988940
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https://www.cnn.com/2023/12/06/politics/cnn-poll-biden-economy-crime/index.html
https://www.newyorkfed.org/newsevents/news/research/2024/20240206
https://www.bls.gov/news.release/empsit.nr0.htm
https://www.youtube.com/watch?v=bk9gmBWnajQ
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https://www.youtube.com/watch?v=VDswuI5OUeU
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https://frontofficesports.com/viewership-records-and-crying-swifties-taylor-swift-and-the-nfls-budding-business-relationship/