TD Ameritrade interviews Paul Nolte, SVP & Sr. Portfolio Manager
Kingsview SVP Paul Nolte discusses how the U.S. Dollar has powered higher, and the possibility of seeing 95, 96ish, or even 100 on the Dollar Index in the next few weeks. He also talks about the idea that the markets are happy with the status quo of Fed Chair Powell and points out that gold (/GC) has been relatively rangebound in recent weeks.
Kingsview CIO Scott Martin discusses gold’s recent performance, plus the rise of cryptocurrency and its potential volatility.
Program: Making Money with Charles Payne
Station: Fox Business News
CHARLES PAYNE: So all the record books say that it was the month of October, twenty twenty one when the Crown was officially passed to bitcoin and crypto from gold and silver. Now, according to J.P. Morgan, there right now three main drivers for bitcoin’s remarkable October to remember. So I want to get the read from Scott Martin and Meltem Demirors and Scott. Let me go to you, my man, because apparently institutions now see bitcoin as a better inflation hedge than gold. You’ve championed gold on this show for a long time. Is it time to throw in the towel?
SCOTT MARTIN: I have Charles, and I’m holding back tears doing this, but I’m good at doing that, so I won’t cry. I promised myself I would cry. We sold the gold today. I can’t believe it, and that was based on several factors, not because of what some of these institutions are doing, because those are not the guys to follow. In my opinion, as an independent adviser and one that manages ETFs and such. But the reality is this Charles, because of some recent data and certainly the performance of our friend Jld and some of the other ETFs that are out there in the gold space, it just hasn’t been there. As far as the non correlation in some of the upside capture. So while I don’t think that answer is as is the bitcoins or the theorems or the Solana’s, the reality is gold is just not handling itself very well as that alternative asset space in our portfolios right now. So I just think gold is not the thing to hold right now. I don’t think some of the bitcoin stuff is right, either, if that’s what you’re looking to replace it with.
PAYNE: OK, so Milton, Meltem, in the meantime, institutional investors are rushing in like gangbusters venture capitalists. I read where Mark Andresen shopped. The funding has gone through the roof from hundreds of millions to billions. So at least are the credibility questions over right now. Do you feel like as someone who’s championed this space, you took a lot of slings and arrows from these famous international types that you can finally say, OK, don’t question that credibility anymore?
MELTEM DEMIRORIS: Yeah, look, Scott, I’ll take the W all day. I’m sorry, but I’ll take the W. I think we are definitely at the point one percent of global aum across all asset classes is now in crypto. Of that, 50 percent is bitcoin and 50 percent is everything else. Crypto is here. 20 percent of Americans own bitcoin. This is no longer a fringe asset class. This is a diverse asset category that has publicly listed equities, including my company CoinShares. We have ETFs with exposure to equity. We’ve ETPs with exposure to digital assets themselves. We have the coin, so we have venture funds, we have SPACs. It is a growing and really robust category and I’m really excited about the opportunity ahead. We see a lot of opportunity for growth. And as we like to say in the industry, Q4 is the start of the madness. We’re calling it up tober, by the way, Charles. So this is not October, it’s uOtober.
SCOTT MARTIN: Just be ready for the volatility.
DEMIRORS: Hey, that’s the price of opportunity- price of opportunities, the volatility,
MARTIN: But different from alternatives of yesteryear, in my opinion, but no problem.
PAYNE: All right, so, so real quick, then I’m going to come back to you, Scott, but I do want to squeeze in with Meltem. The NFT is worthy. They stand there also having a pretty strong month there up Tobar as well.
DEMIRORS: Yes. I mean, yeah, I’ll talk about NFT’s, so yeah. Look, I think, you know, people love buying luxury goods. LVMH with a $400 billion company and they produce artificial scarcity, right? People buy handbags, people buy expensive cars, watches and have to use our digital flex right. For people like me, I spend all of my time on my laptop. I don’t need Chanel bags. I need digital flex. And so I think NFT is in many ways are filling this interesting new niche as we enter the so-called metaverse as we live increasingly online. We need different ways to sort of flex online. Right now, NFTs are very much focused on art and sort of displaying our unique clothes. We’re also calling them IS or profile photo NFTs, but are also seeing games using NFTs, luxury brands using NFTs. And I think it’s still a really early space, but want again where there’s tremendous growth for multiple different types of opportunities, whether it’s new brands, legacy brands, lot of space.
PAYNE: Let me only go. Got 30 seconds. I’m going to give Scott the last word, Scott. She mentioned the metaverse. You know, flossing on the metaverse. It sounds like you and me are going to be stuck outside the metaverse fishing. I mean, you’re going to jump at any of that stuff. Maybe some of these equity is riot, MHRA, Coinbase. Anyways, you’re going to get exposure to this space.
MARTIN: Yeah, we have some clients that have some of the riot, some of the DLC blockchain, and I think those are those are good if that’s the exposure you want. I also agree with Meltem, though you need exposure to the coins through Coinbase. You can actually trade the exact coins. And one quick point on the NFT, you can’t bring it in in stores and steal them, Gucci and all those. At least they’re unpreventable that way.
PAYNE: We got to leave it there. I’m handing it over to Lauren Simonetti Lauren to see.
Program: Making Money with Charles Payne
Station: Fox News Channel
CHARLES PAYNE: All right, so all week we’ve been talking about ways that you should own the future, part of the future, of course, includes how we’re lured off of our sofas and to certain industries where businesses are somewhat struggling. The answer, of course, is always going to be technology. I want you to check out, for instance, this Taco Bell define now they call it that because it defies the norms and it will define the future. It’s got a very small footprint, but technology actually allows it to serve more customers. It looks so cool. And imagine you go to a late Friday night after you had a few. Right. And then there’s this Nike store in Seoul, South Korea. This is amazing. They call it the Nike Ri’s. It’s designed to merge digital and physical for what they call a unique, immersive shopping experience. It’s all cool stuff. It also means really big money for investors if you know where to look. I want to bring, in King’s view, wealth management. Scott Martin has got a lot of this. Is that radio frequency ID stuff you see with those Amazon grocery stores and you go in, you put everything in a basket and you leave. Right. How can the audience get a piece of that action?
SCOTT MARTIN: Yeah, and it’s action that’s going to happen a lot going forward, Charles, just as kind of, I guess, the post pandemic retail environment emerges. And just as an aside, any any time you talk about Taco Bell or weave that into a stock story, you’ve got my attention. Love Taco Bell, hard core. That’s Yum Brands, by the way. Here’s RFID technology, though. RFID technology, though, that looks good to us. Charles is in Zebra Technology’s great, fundamentally strong company, has rallied a lot in the last several years, even pre pandemic, just because these guys are dominators in the space. So zbra is one that we actually like here to further take advantage of the trends going on.
PAYNE: I’m going to toot my own book for a moment, I have an entire chapter dedicated to Zebra in my book, Unstoppable Prosperity. Folks, you have to read how I discovered Zebra, how you can discover things every single day. Connect the dots and you can make a fortune. I digress. Let’s talk about these retailers and restaurants themselves, though, because I got to tell you, I think these retailers, a lot of them are going to survive. The stocks are already acting fantastic. A year ago, everyone hated Coles. I’ve seen upgrades on that. Everyone hated a lot of these other names. Or what are some of the names you like there, Scott?
MARTIN: Yeah, a lot of fun, a lot of ones that were it was like TJX, which is one that we own and we have owned that for a while. Charles, a couple other names, I guess I’m a little embarrassed to talk about because they’ve been awesome, but they were funny at the time. I mean, we could go back in the tapes, you know, when we were talking about this retail re-emergence. How about Darden Restaurants? How about Bloomin Onion? Yeah, Outback Steakhouse. And those guys like those are companies that have really done the following, Charles. They still have the room dining. They still have the traditional kind of dining experience, but they have totally shifted their business lines to the pickup in the carry out and so forth like that. They’ve got good food as well, like Taco Bell. I’m saying that kind of with a straight face here, but that’s food I like also, believe it or not. So those are areas, too, and restaurants that I still believe are set to emerge. And they’re ones, too, that you need to take advantage of when you see some pullbacks like we have in those stocks in the last couple of months.
PAYNE: All right, so we talked about the future, let’s talk about the past, this Sunday will be the golden anniversary of Nixon taking us off the gold standard. You’re a gold investor. You think it was a mistake? I mean I mean, obviously, I think it’s too late to ever go back. But if we could, would you.
MARTIN: No, I wouldn’t, and I think we’ve got to be grateful that we’re not. And yeah, you know, I’ve been called Goldmember on Twitter and on on Facebook and Instagram because we love gold, you know, like like Austin Powers used to say or the act used to say, Mike Myers would say, as he was gold member in the movie, because gold to us has value in the sense of Charles. When we invest our clients money, it’s not stock and it’s not fixed income. It has its own kind of correlation value amongst traditional asset classes that many investors hold. And therefore, that’s why I think gold going forward, it’s going to be a great addition to your portfolio.
PAYNE: I’m going to go back a little further and talk cool real quick. It’s up one hundred fourteen percent. I think it keeps going in part because of China. Is there a way for the audience to make money there?
MARTIN: Sort of you know, it’s funny with Coal, I don’t have the onions, let’s say, to jump into coal here, given the crazy move. I mean, you look at coal prices, like you mentioned the last few months, it’s wild. I actually believe kind of the forgotten peace to this whole energy scenario is a natural gas. Cheaper, easier to get. There’s more of it. So UNAGI is an ETF that tracks the futures price of natural gas. It’s trailed coal, its trail, this whole move. It’s the hated kind of partner, if you will, or the hated kind of alternative. And that’s when I look at as maybe playing catch up here.
PAYNE: Scott, you gave us a lot to chew on. Pun intended. Have a great weekend, my friend.
Kingsview CIO Scott Martin discusses the value of gold in a portfolio and names in the alternative energy space.
Program: Making Money with Charles Payne
Station: Fox Business News
CHARLES PAYNE: All right, so it’s been a monster week right here, earnings, economic data, of-course Coinbase went public. Now, amid all of these hot topics, something else was happening. And I’m asking, is it time to reconsider Gold? Well, my next guest says he’s not reconsidering it because he never left. Here with us now, Kingsview, Wealth Management CIO, Fox Business Contributor Scott Martin. Scott, you know, Gold making that little stealth rally. I looked at the chart. Look, the global double bottom breaking through some old resistance numbers. Is it finally maybe escaping the shadow of Bitcoin?
SCOTT MARTIN: I believe so, Charles, and kind of always considering gold, I am I mean, people were calling me Gold Member for years, and while that was a great compliment, it still is true, though, in the sense of I guess I could still be Gold Member to some sense, Charles, because of the value that Gold brings to your portfolio, other than things like stocks and other than things like bonds. And so you’re right. As you look at its relationship to Bitcoin, which certainly took the limelight over the last several months, the reality is I think Gold is due to come back. You look at some of the technicals on gold, whether it’s the Stochastics, the RSI, the MACD, what you’re just basically kind of short term indicators of momentum, but tell you that gold is making a turn as some of that money say the hot money that is comes out of things like Bitcoin.
CHARLES PAYNE: You know, and to your point, they both, to a degree, have the same value proposition, right? It’s all about a play against fiat currency. The thing, though, is gold has like a several century track record against this stuff. And it’s absolutely remarkable if you look at the retained purchasing power of gold. So I wouldn’t be surprised if some people discover it for the first time. And let’s look ahead to next week. Their earnings are going to pick up over 300 names reporting. Give us an idea of some of the things you’re looking at that maybe the viewers may want to be long going into the weekend.
SCOTT MARTIN: Yes, just a few names to sift through. Charles, a few hundred as in, like you said, about three hundred and change. So for us, there’s a couple of names we’ve been picking up recently that have some earnings next week. One of them that I want to talk about today is NextEra Energy in that alternative energy space, wind, solar also doing some heating and cooling improvements as well NextEra as an energy company, Charles, that I think will capitalize on kind of that EV wave, if you will, the electronic vehicle wave the more energy conscious wave that’s out there. So if you look at the chart on this one, two very strong metrics within itself as far as how it’s trading, not a terribly volatile stock either. And one that we’ve added to our portfolio is to add some stability.
CHARLES PAYNE: Scott, you may not know this, but I told people there’s one stock to buy if Joe Biden won the presidency, it was NEE, it outperformed like a beast during the Obama administration. They funneled trillions, billions of dollars into this company, got a bigger market cap than Exxon, ExxonMobil from nowhere. Hey, I got 30 seconds. Nobody talks. Nobody talks about it. The Nasdaq double top, you just mentioned technicals. If it breaks out, where does it go?
SCOTT MARTIN: It goes a lot higher, but you’re right about the technical – the technical is at least very short term, which if you’re trading at home, that’s the stuff that you need to watch. Certainly they’ve turned over again. So, I mean, if you look at stuff like the RSI, you look at stuff like the slow Stochastics, which again, are just momentum indicators. So there can be short term in nature. But the reality is a lot of those things, Charles hit some very big say, multiday highs over the course of this week. So the reality is that’s likely to come back in a little bit. And when those things pull back, that’s when you buy back in.
CHARLES PAYNE: We’ll be we’ll be looking to buy that dip for sure. Scott, thank you, my man. Have a great weekend.
Kingsview CIO Scott Martin discusses the economic reopening, what’s expected over the next two quarters, and preparing to reallocate portfolios.
Station: Fox Business News
LISA KENNEDY: Meanwhile, retail sales in March jumped by buying stuff nine point eight percent and the bar and restaurant industry saw a wonderful thirteen point four percent surge in sales. Keep going to your local watering holes keep tipping, keep sipping. But what does this mean for you and how do you make sure the growth continues so you can get — here with me now, Kingsviews Wealth Management, Chief Investment Officer and Fox News Contributor. Scotty Martin, naughty Scotty with the hotty body – here to tell you how to party. So, Scott, this is all great news.
SCOTT MARTIN: Reminds me of 7th grade all over again. By the way, thank you for calling me. Thank you for calling me.
KENNEDY: I have the emotional maturity of the seventh grader, so that is perfect. So you’ve got low unemployment, you’ve got housing starts going up and up and up. You say the stock market is going it’s set to keep roaring for another two quarters. Where is the bad news? This that sounds pretty great.
SCOTT MARTIN: It sounds too good to be true, almost, doesn’t it? I believe it’s going to be one of these situations, Kennedy, where everything keeps coming in better and better. We see earnings getting better. We see more government spending, people going back to work, potentially if the government’s not paying them not to work, of course. And everything gets really good until we get back to the actual full reopening. And then it’s kind of like, all right, now what do we do? So that’s really the worry, is that for the next couple of quarters, I think we’re OK, which if you’re playing at home, I think is about 180 days, depending on the quarter. The two of them added together 90 days each. That’s quick math without a calculator. Just a cap here in hand. But the reality is, once that day comes, when the full opening happens or re-happens , I guess, as it did once upon a time, you have to be ready to reallocate your portfolio.
KENNEDY: So where should I reallocated – bitcoin? I love crypto.
MARTIN: Bitcoin bars and restaurants, as you mentioned earlier, maybe grocery stores, gas stations, because gas prices, by the way, are out of control. But, yeah, you know, Bitcoin is an interesting call and sort of things like Gold. Those are alternative kind of assets, Kennedy, things like currencies as well that are rallying because of all the government spending and because interest rates are going up. So, yes, I think the traditional portfolio I know this is like super exciting to everybody at home, the traditional stocks and bonds. It is. That’s true. We want to make money. So, yes, Bitcoin and things like Gold, I believe, are good assets to have when this reopening does happen.
KENNEDY: That is so hot, you know, just the idea of walking around with a bunch of gold coins jangling in your pantaloons. And we we’re definitely set up for something. I hope it’s not bubbles. I hope it’s prosperity. And I hope people have the sense that the pandemic is coming to an end and they keep spending and supporting each other because that is what lifts this beautiful free market economy, naughty Scotty Martin, thank you so much.