There we have active futures on the s p up by. 5 . Nasdaq as well. Just seeing what is likely to happen with the start of the indian session and about one hour and 44 minutes. Nifty gaining about. 2 wednesday, looking like we are adding to it. Have some news as well. There were fears among bond traders bond that could have played havoc on the bond markets. That is the yen. We have the pound which has been emerging as a strong currency against its u. S. Counterpart as we get brexit negotiations taking place and certainly it is the way the u. K. And European Union come to an agreement as to what happens after the u. K. Officially leaves the European Union. Seeing some progress with regards to all that. Haslinda lets get the first word headlines for you. President trump signed an executive order to expand u. S. Production of Rare Earth Materials. Amid concerns that Global Leader china they restrict exports. They are used in a vast range of goods. China accounted for 80 of americas imports
Report has been right for the past 10 years he dumped many of his banking shares and went long gold miner derek the biggest gold miner in the world so max what do you think about this sea change in his portfolio right well it was obvious that he would have to get into gold gold mining gold bullion at some point he had too much cash he was underperforming the stock market for 15 years he had made an enormous mistake in airlines again for the 2nd time in his career took a huge loss. And you never understood Technology Got in very late and hes got a problem now with all the money that he helped bring into existence by having the government bail him out perpetually not not not not in 2008 was a huge bailout of Warren Buffett and they had a print trillions of dollars he used to base the value of this figure of money the u. S. Dollar and the only protection now we have as a way to preserve wealth is to get into gold so this is the 1st foray into gold and dissipate that within 2 years 20 to 3
Dissipate that within 2 years 20 to 30 percent of the berkshire portfolio will be gold or exposed to gold buffett so burning 90 years you know 90 year birthday you know if you spot a Spring Chicken anymore think charlie monger is a few years old or so theyve got him out think about preservation of capital they may have tons of mistakes now they decide to salvage what they can of course one thing you can point to this and say is that this is part of perhaps is dispute with the fed because remember he did want to bail out the airlines i in a way that would give him a good deal and a bigger percentage of the big 4 airlines in america but who outbid him that was the u. S. Federal reserve they gave no Strings Attached to their free money to the airlines which is basically never going to have to be paid back so of course Warren Buffett then dumped his airline shares and then down to banking shares in the 2nd quarter and while he was buying gold im buying back at half a 1000000000. 00 with th
A Spring Chicken anymore i think charlie monger is a few years old or so theyve got him out think about preservation of capital they may have tons of mistakes now they decide to salvage what they can of course one thing you can point to this and say is that this is part of perhaps is dispute with the fed because remember he did want to bail out the airlines i in a way that would give him a good deal and a bigger percentage of the big 4 airlines in america but who outbid him that was the u. S. Federal reserve they gave no Strings Attached to their free money to the airlines which is basically never going to have to be paid back so course warren buffet then dumped his airline shares and then dumped his banking shares in the 2nd quarter and while he was buying gold im buying back at half a 1000000000. 00 with the barrick gold he and i want to point out that colombia the country you know they sold 2 thirds of their gold in june alone so you know they were getting out theres always down mon
A 1000000000. 00 with the barrick gold he i want to point out that colombia a country and they sold 2 thirds of their gold in june alone so you know they were getting out theres always down money and theres always smart money at the table so if you dont know that the sucker is at the table it could be you you were right well you know the fed is out buffeting buffett right if it were taught fraud how to commit fraud to the central bank you put a lot of money in and buy stocks that go up because youre buying stocks that go up right so he made that game possible and so but the fed figured out wait a minute why are we letting warren take all this fraud money we should get some of those fraud money so now the fed as ive often buffett so something look for buffett to do you know he is entering the game of Precious Metals and Precious Metals is a nonstop sort of manipulated market. J. P. Morgan has been fined over the past 2 years for manipulating the prices on gold and silver i think theyre