Trump Tariffs Over Greenland; Gaza's 'Board of Peace' | Horizons Middle East & Africa 1/19/2026

Watch on YouTube ↗  |  January 19, 2026 at 10:07  |  45:53  |  Bloomberg Markets
Speakers
Anita Krishna Gupta — CIO, Wealthbrix Capital Partners
David Wilson — Director of Commodities Strategy, BNP Paribas
Jennifer — Anchor, Bloomberg Television
Laura Gardner Questa — Reporter, Bloomberg
Winnie — Anchor, Bloomberg Television
Sam Docker — Reporter, Bloomberg
Oliver Crook — Chief European Correspondent, Bloomberg
Paul — Reporter, Bloomberg

Summary

The video covers a risk-off market backdrop after President Trump threatened new tariffs on European allies over Greenland, with stock futures lower and safe-haven assets like gold and silver rallying. Guests discuss portfolio positioning, with Anita Krishna Gupta favoring gold/silver, U.S. equities, EM local-currency debt, China tech, and the UAE, while warning on Magnificent 7 concentration. David Wilson of BNP Paribas remains bullish gold, sees silver vulnerable to a sharp correction, and sees no refined copper tightness. Other segments cover Gaza's Board of Peace, the Gulf IPO pipeline, Saudi Arabia's military talks with Somalia and Egypt, and U.S.-South Africa tensions over Iran naval drills.

  • Trump tariff threats over Greenland drive risk-off and safe-haven demand.
  • Gold and silver hit records; Citi forecasts further upside.
  • Anita Krishna Gupta favors gold/silver, U.S. equities, EM local-currency debt, China tech, and UAE; flags Magnificent 7 concentration.
  • David Wilson sees gold upside, silver correction risk, and copper lacking refined tightness.
  • EU leaders prepare an emergency meeting on tariff retaliation.
  • Gulf IPO pipeline may hinge on large 2026 deals.
  • Saudi Arabia pursues a military pact with Somalia and Egypt amid UAE rivalry.
  • U.S. criticizes South Africa over Iran naval drills.
Ideas
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 11:02
Gold and silver core allocation
Geopolitical risk has increased dramatically, which supports safe-haven demand; gold and silver already had a strong 2025 and she expects a similar story in 2026. She wants them as a core allocation for the next decade, with 5% of a balanced portfolio in silver and gold, expects gold to return about 10% annually, and cites central-bank buying plus gold's growing role as a reserve currency.
GLD SILVER HIGH
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 12:16
Mag 7 concentration is key risk
The biggest risk to her constructive equity view is the concentration of tech/AI and top stocks in the S&P 500, where the top 10 account for about 45%; the Magnificent 7 also carry high valuations despite strong earnings growth and high ROIC, so they must meet or beat expectations to justify valuations.
MAGS MED
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 13:44
Prefer local-currency EM debt
In fixed income, she prefers local-currency emerging-market debt because she sees the dollar slightly weaker, which should support local-currency EM assets.
EMLC MED
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 13:52
Maintain full U.S. equity allocation
She retains a full allocation to U.S. equities, its largest allocation, and remains constructive on risk assets given positive global earnings expectations, while watching geopolitics and concentration risk.
SPY MED
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 14:10
Like China tech, neutral China
She is neutral on China overall but likes China tech specifically as part of her equity allocation.
KWEB MED
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 14:13
Like UAE for growth and dividends
She likes the UAE for its growth and dividend yield.
UAE MED
David Wilson Director of Commodities Strategy, BNP Paribas 28:38
Gold upside remains, $5,000 possible
Gold thrives on uncertainty, with multiple supports including new U.S. tariff threats against Europe, uncertainty over the Fed chair and rates, and potential inflation pressure from existing tariffs. BNP Paribas had forecast $5,000 and he now says $5,000 is not a stretch, may need a higher target, and a sustained move above $5,000 would imply further upside.
GLD HIGH
David Wilson Director of Commodities Strategy, BNP Paribas 30:55
Silver parabolic; correction likely
Silver's parabolic rally is driven by a thinner, less liquid market and physical tightness from India collateralization, Chinese export-licensing concerns, and U.S. critical-minerals tariff fears. Those physical pressures are easing, lease rates are dropping, and if funds take profits a significant correction is likely, though he agrees a move to $100 could occur sooner rather than later and may be the profit-taking level.
SILVER HIGH
David Wilson Director of Commodities Strategy, BNP Paribas 33:04
Copper lacks refined market tightness
The refined copper market is not tight. The U.S. tariff-fear trade that had pulled metal into the U.S. has lost its incentive, China's refined production rose 7-8% and exports surged, and roughly a million tons of off-warrant copper in the U.S. could flow back, so price action is not reflecting physical tightness.
COPPER HIGH
Up Next
2:21
Greenland: Starmer Says Trump's Tariffs Threat Is 'Completely Wrong'
Bloomberg Markets · Jan 19
27:19
미국 내전 경고등 켜졌다.. 트럼프, 강한 척 하지만 망했다 "미국 패권이 함께 무너지는 중"ㅣ심리연구소 함께, 김태형 소장
815 Money Talk (815머니톡) · Jan 19
53:56
Why the Tech World Is Going Crazy for Claude Code | Odd Lots
Bloomberg Odd Lots · Jan 19
54:22
Inside Lighter’s Plan to Overtake Hyperliquid | Vladimir Novakovski
Empire · Jan 19
47:02
Trump Rocks Europe, EU Weighs Greenland Tariff Retaliation | Daybreak Europe 01/19/2026
Bloomberg Markets · Jan 19

This Bloomberg Markets video, published January 19, 2026, features Anita Krishna Gupta, David Wilson discussing GLD, SILVER, MAGS, EMLC, SPY, KWEB, UAE, COPPER. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anita Krishna Gupta, David Wilson  · Tickers: GLD, SILVER, MAGS, EMLC, SPY, KWEB, UAE, COPPER