Buyer theres a seller right now thats clear i hope by now that these gold prices in markets all over the world are manipulated using in this case they highlight spoofing you know putting in fake orders to nudge the price up and down that but theres 20 different ways you can manipulate prices and weve talked about it before you know the world is on a Gold Standard its been on the Gold Standard for a 1000 years Central Banks are on a Gold Standard when i saw trades with gold they dont use paper. This idea that we have a fear of money standard is a complete hoax in order for that to be perpetuated theyve had to suppress the price of gold manipulating the price of gold so many banks been fined for this now its so its such a documented historical fact that theyve been improving the price of gold like the gold pool of the 1960 s. Because going to do it for so long and then the market ultimately wins out and now the markets say you know what without the manipulation of the price of gold would
For the top story so far here in moscow im kevin comprehensive news review of the week and now if you join me for. Watching hope you have a great weekend. Hi imax to answer this is the kaiser report were back from Summer Solutions no more solutions not only problems now for the next 10 months. Well lets talk about the biggest thing that happened while we were away on vacation and that is warren buffet has obviously used that opportunity while we were away to make a major major major change and his portfolio and which indicates that kaiser report has been right for the past 10 years he dumped many of his banking shares and went long gold miner barrack 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 calf he was underperforming the stock market for 15 years he had made an enormous mistake at airlines again for the 2nd time
More than 6000 cases for the same time yesterday. 5500 deaths and our state alone and in the bay area it has surpassed 20,000 in the bay area has seen 537 deaths. East bay officials monitoring an outbreak in concord. 13 residents have died of suspected or confirmed coronavirus infections. Officials have not said when the residents have died. So far more than 2200 Nursing Homes in california have died from covid19. The government Top Health Officials on capitol hill testifying before congress about the coronavirus. Dr. Anthony fauci along with the head of the cdc and fda officials and giving lawmakers an update. He remains cautiously optimistic that a vaccine will be ready and is concerned about the number of spikes as test continue to be positive and reopen. We are seeing a disturbing surge of infections. One of the things is an increase of community spread. Im quite concerned about that. Right now the next couple of weeks will be critical and our in our ability to address those urging
Lets go to kailey leinz. What ist to talk about leading todays session. It is big tech names like apple. Of course, they are heavy, seen insulated from any kind of virus resurgence. What is second to tech come underneath the surface of the s p, is utilities. Usually we see utilities getting a boost from lower yields that are kind of high dividend stocks. More the story is that it is summertime and things are starting to get hot. We are expecting temperatures over 100 and some parts of the american west. That is good for electricity companies, the likes of dominion higher between 2 and 5 . Stayathome Companies Like wayfair, a big beneficiary over the course of the pandemic. Other big beneficiaries have been range resources and of course oil companies. Wey are up around 200 as have seen oil recover from the negative pricings we saw a few months ago. Moderna as well. Really big news we have seen. We have also seen dramatic moves in the bond market. We have the fed coming in with unprecede
We will speak to the ceo in a moment. Stocks up, halting the rally. The market may have gotten ahead of itself considering we are in the midst of a health, economic, and social crisis. We are now officially in a recession here in the United States. What drove the stall in the market today . It is easy to see why the market would want to take a little buffet either. Little of a either. Yesterday0 as of turning positive for the year despite the fact that the earnings outlook is not looking great. The data is better, but still pretty pat of all things considered. You can see why investors may want to take a pause here and assess the picture and see whether it is time to be adding risk. The nasdaq actually did close in the green today. The nasdaq 100 actually did briefly top the 10,000 level. The Community Services index, those growth sectors were able to eke out gains today as well. The dollar, would have been its ninth day in a row down. It suggests that it was not an altright risk off d