Mining Sector Ideas

[gfp927z]

Looks like another ugly week ahead for stocks. Hopefully gold will act like the hedge it's supposed to be. Cash is probably the best place overall right now, until the bottom finally arrives. I see Buffett raised a ton more cash in the last quarter. In Q1 and Q2 he reduced his huge Apple position by a whopping 55%, so is sitting on a massive $277 billion in cash to deploy as the bargains appear.

I've got a real bad feeling about this Middle East situation. Increasingly it appears Netanyahu has some 'loose screws' in his head. How we ever allowed Israel to get its own nuclear arsenal is beyond me. JFK was insisting on inspections of their Dimona facility around the time of his assassination. The only thing scarier than a nuclear armed N. Korea or Iran is an unhinged Israeli leader with nukes. N. Korea and Iran know they would be obliterated by the US if they used their nukes, but if Israel uses theirs, they know the US would do nothing. Israel reportedly has hundreds of nuclear weapons. Threatening to nuke Tehran is the one sure-fire way that Netanyahu could force the US / Biden into the 'US bombs Iran' scenario.


https://en.wikipedia.org/wiki/Nuclear_weapons_and_Israel



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