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The Kobeissi Letter
BREAKING: China’s central bank increased its gold holdings by 5 tonnes in March, posting their 5th consecutive monthly purchase.
This brings total China’s gold reserves to a record 2,292 tonnes.
Chinese gold holdings now reflect 6.5% of its total official reserve assets.
According to Goldman Sachs, China actually purchased a whopping 50 tonnes of gold in February, or 10 times more than officially reported.
Over the last 3 years, China's purchases of gold on the London OTC market have significantly surpassed officially reported numbers.
China is accumulating gold at a rapid pace.
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BREAKING: China’s central bank increased its gold holdings by 5 tonnes in March, posting their 5th consecutive monthly purchase.
This brings total China’s gold reserves to a record 2,292 tonnes.
Chinese gold holdings now reflect 6.5% of its total official reserve assets.
According to Goldman Sachs, China actually purchased a whopping 50 tonnes of gold in February, or 10 times more than officially reported.
Over the last 3 years, China's purchases of gold on the London OTC market have significantly surpassed officially reported numbers.
China is accumulating gold at a rapid pace.
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Finding Compounders
RT @gainify_io: Are Regional & Diversified Banks the most overlooked dividend plays out there?
✅ 10Y dividend growth of 10%+
✅ Forward dividend yields >3%
✅ Payout ratios <50%
$rf $usb $cfg $hban $fitb $pnc $c $bac $jpm https://t.co/xh81m7jivn
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RT @gainify_io: Are Regional & Diversified Banks the most overlooked dividend plays out there?
✅ 10Y dividend growth of 10%+
✅ Forward dividend yields >3%
✅ Payout ratios <50%
$rf $usb $cfg $hban $fitb $pnc $c $bac $jpm https://t.co/xh81m7jivn
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The Kobeissi Letter
It’s been a quiet 3-day weekend on the tariff front:
Heading into the weekend, markets were expecting more “deals” or deal progress to be announced.
With the S&P 500 nearly 10% above its recent low, markets have already priced-in a sizable portion of tariffs dropping off.
This has resulted in a “no news is bad news” backdrop for equities.
Meanwhile, we’ve yet to hear of any material trade developments since Thursday with futures opening in less than 4 hours.
All while we are now 11 days into the 90-day reciprocal tariff pause with earnings season in full swing.
All signs point to more volatility this week.
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It’s been a quiet 3-day weekend on the tariff front:
Heading into the weekend, markets were expecting more “deals” or deal progress to be announced.
With the S&P 500 nearly 10% above its recent low, markets have already priced-in a sizable portion of tariffs dropping off.
This has resulted in a “no news is bad news” backdrop for equities.
Meanwhile, we’ve yet to hear of any material trade developments since Thursday with futures opening in less than 4 hours.
All while we are now 11 days into the 90-day reciprocal tariff pause with earnings season in full swing.
All signs point to more volatility this week.
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Finding Compounders
RT @gainify_io: With a record $330B+ cash pile, what’s your boldest prediction for Berkshire’s next big move in Q1 2025?
We’re ~30 days from Buffett opening the books.
As of Q4 2024, top 10 holdings:
$AAPL, $AXP, $BAC, $KO, $CVX, $OXY, $MCO, $KHC, $CB, $DVA https://t.co/ClL7wKeWsk
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RT @gainify_io: With a record $330B+ cash pile, what’s your boldest prediction for Berkshire’s next big move in Q1 2025?
We’re ~30 days from Buffett opening the books.
As of Q4 2024, top 10 holdings:
$AAPL, $AXP, $BAC, $KO, $CVX, $OXY, $MCO, $KHC, $CB, $DVA https://t.co/ClL7wKeWsk
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Finding Compounders
How Warren and Charlie would invest a small sum of money https://t.co/WDQTa6iUGq
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How Warren and Charlie would invest a small sum of money https://t.co/WDQTa6iUGq
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The Kobeissi Letter
BREAKING : President Trump publishes a “non-tariff cheating” list: https://t.co/SawSakTlXD
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BREAKING : President Trump publishes a “non-tariff cheating” list: https://t.co/SawSakTlXD
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The Kobeissi Letter
The Kobeissi Letter for the week of April 21st has been published and may be viewed through the link below:
https://t.co/6TDuawjZAN
The Chart of the Week for the week of April 21st has been published. View or sign up for FREE through the link below:
https://t.co/jCCx3iSLbJ
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The Kobeissi Letter for the week of April 21st has been published and may be viewed through the link below:
https://t.co/6TDuawjZAN
The Chart of the Week for the week of April 21st has been published. View or sign up for FREE through the link below:
https://t.co/jCCx3iSLbJ
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The Kobeissi Letter
The 3-day Easter weekend concludes with:
1. No trade deals have been announced
2. Trump publishes "non-tariff cheating" list
3. Trump says those who criticize tariffs are "bad at business"
4. 79 days remaining in the "reciprocal tariff" pause
Where are the trade deals the market priced-in last week?
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The 3-day Easter weekend concludes with:
1. No trade deals have been announced
2. Trump publishes "non-tariff cheating" list
3. Trump says those who criticize tariffs are "bad at business"
4. 79 days remaining in the "reciprocal tariff" pause
Where are the trade deals the market priced-in last week?
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The Kobeissi Letter
BREAKING: US stock market futures officially open lower after the 3-day weekend. https://t.co/1TtCHykgxz
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BREAKING: US stock market futures officially open lower after the 3-day weekend. https://t.co/1TtCHykgxz
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The Kobeissi Letter
Absolutely incredible:
Gold with ANOTHER all time high and set to cross above $3,400/oz for the first time in history.
Gold is now officially up +100% since 2020 compared to a +86% gain in the S&P 500.
That’s right, gold is OUTPERFORMING the S&P 500 since the pandemic.
Truly historic.
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Absolutely incredible:
Gold with ANOTHER all time high and set to cross above $3,400/oz for the first time in history.
Gold is now officially up +100% since 2020 compared to a +86% gain in the S&P 500.
That’s right, gold is OUTPERFORMING the S&P 500 since the pandemic.
Truly historic.
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The Kobeissi Letter
On a casual Sunday night:
Gold has hit its 55th all time high in 12 months and Bitcoin is officially joining the run, now above $87,000.
The narrative in both Gold and Bitcoin is aligning for the first time in years:
Gold and Bitcoin are telling us that a weaker US Dollar are more uncertainty are on the way.
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On a casual Sunday night:
Gold has hit its 55th all time high in 12 months and Bitcoin is officially joining the run, now above $87,000.
The narrative in both Gold and Bitcoin is aligning for the first time in years:
Gold and Bitcoin are telling us that a weaker US Dollar are more uncertainty are on the way.
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