@KobeissiLetter Follow @KobeissiLetter for some great economic & financial analysis.
September will be super interesting to watch for GOLD and Silver!
لم تنجح الصين تصدير برمجياتها لان المستخدم العالمي و العربي أسير البيئة الأمريكية من الهاتف للمتجر الاكتروني للتطبيقات
الرهان الصيني المتجدد باستحواذ المطوّرين سيقابله تدخّل قوي … هذا ما حصل بالضبط في الكلاود و باقي البنية التحتية الرقمية
لا احدٌ يتخلٌى عن المبرمج بسهولة
الصين لا تحاول هزيمة شركات الذكاء الاصطناعي الأميركية بالقوة المالية بل بسلاح مختلف: خفض التكلفة وتسريع الانتشار.
📌نماذج مثل DeepSeek وQwen وKimi أصبحت تقترب من أداء المنافسين الأميركيين، لكنها تقدم خدمات أرخص بكثير
▪️إذا كان الذكاء الاصطناعي الصيني يقدم 90% من الأداء مقابل جزء بسيط من التكلفة فهل سيدفع المستخدمون أكثر فقط لأن المنتج أميركي؟
#العربية_Business
The Q2 gold dip was heavily bought by Central Banks
Gold: ~$5,400 → ~$4,000
Central banks: +288.9 tonnes
Poland: +51t
China: +33t
Gold today: ~$4,600.
When the price fell, the world’s reserve managers didn’t run.
They accumulated.
The Second World War presented a great opportunity for the US to increase Government Spending, stimulate its industrial base and create the largest middle class in history once American families built up large savings throughout the 1940s .. I wonder how an American Military intervention would do the same today: can you explain what the Game plan would be in 2026?!
You are not watching the bond market closely enough.
President Trump is now threatening that the US Military could be utilized for further intervention to lower US Treasury yields.
"The ultimate intervention is our military, and if we have to use that we will."
Watch bonds.
🇺🇸 America’s debt is entering a dangerous phase.
Over the past 5 years, US debt and nominal GDP grew at roughly the same ~7.5% annual rate.
CBO now projects a different picture FOR THE COMING 5 YEARS
📈 Debt growth: ~6%/yr
📉 Nominal GDP growth: ~4%/yr
The problem isn’t just how much America owes.
It’s that debt is growing faster than the economy that supports it.
English: God willing
French: Si Dieu le veut
Spanish: Si Dios quiere
Portuguese: Se Deus quiser
Dutch: God willig
German: So Gott will
Russian: Если Бог позволит (Yesli Bog pozvolit)
Chinese: 真主保佑 (Zhēnzhǔ bǎoyòu)
•Japanese: 神様の意志であれば (Kamisama no ishii de areba) …
Reply to this post with the translation of “inshallah” in your language.
Maybe those who think it’s a secret code will realize it’s just…. an expression!
People who are usually private and reserved, even with their friends, end up sharing all manner of personal details on a long flight with a stranger they will never meet again.
A Persian scholar finished a single math book in 9th century Baghdad that quietly became the foundation for every line of code running on Earth today.
I started reading about him at midnight and could not believe how many things in my daily life trace back to one man.
His name was Muhammad ibn Musa al-Khwarizmi. The book is called The Compendious Book on Calculation by Completion and Balancing.
Every time you say the word algebra, you are saying his book title. Every time someone says the word algorithm, they are saying his name. Both English words come from him. Both are Latin transliterations of Arabic and of his own identity. The man did not just contribute to mathematics. He named it.
Here is the part almost nobody tells you.
Al-Khwarizmi was born around 780 CE in Khwarazm, in what is now Uzbekistan. He moved to Baghdad and worked at a research institution called the House of Wisdom, which during the Islamic Golden Age was the single most important center of learning on the planet. The caliph al-Mamun hired the best mathematicians, astronomers, and philosophers from across three continents and put them in one building with one job. Translate, study, and produce new knowledge.
Al-Khwarizmi finished his book on algebra around 820 CE. The Arabic title contained the word al-jabr, which referred to one of the two operations he used to solve equations. When the book was translated into Latin in the 12th century, the Latin world did not have a word for what he had built. So they kept his Arabic word. Al-jabr became algebra. The discipline was named after a single Arabic word in the title of a single book by a single man.
The deeper insight is what he actually changed about how humans think.
Before al-Khwarizmi, mathematical problems were solved geometrically. You drew shapes. You measured them. You compared areas. The Greeks had built an entire mathematical tradition on visual proofs and physical constructions. It was beautiful and limited. You could not solve a problem you could not draw.
Al-Khwarizmi did something nobody had done before him at this scale. He said you could solve any problem using abstract symbols and rules. You did not need a shape. You needed a procedure. You moved terms across the equation. You cancelled like terms on both sides. You isolated the unknown. He invented the idea that mathematics is a manipulation of symbols according to rules, not a study of physical figures.
That single shift made everything that came afterward possible. Calculus. Differential equations. Linear algebra. Quantum mechanics. None of it works if math is locked inside geometry. He pulled it out.
The second thing he did is the one that changed how the world counted forever. He took the Hindu numeral system from Indian mathematics, refined it, and wrote a book introducing it to the Arab world. That system included the concept of zero as a placeholder, and a positional notation where the value of a digit depends on its location. Roman numerals could not do complex calculation. Hindu-Arabic numerals could.
When his book on numerals was translated into Latin as Algoritmi de numero Indorum, the word Algoritmi was just the Latin spelling of his own name. Europeans started calling the new method "doing algorism," then "running an algorithm." The word for the most important concept in computer science is literally his name in Latin.
The third thing he did is the part that should haunt anyone who works in tech.
His method of solving problems was systematic. Step one, do this. Step two, check that. Step three, if condition A, then do X, otherwise do Y. He wrote down procedures that could be followed by anyone, anywhere, who knew how to read. The procedure did not depend on intuition or genius. It worked because the steps worked.
That is exactly what an algorithm is. A finite, deterministic procedure for solving a problem. He did not just give us the word. He gave us the entire concept of programming a thousand years before there was anything to program.
When Alan Turing built the first abstract model of computation in 1936, when John von Neumann designed the first stored-program computer in 1945, when every engineer at Google, OpenAI, Anthropic, and DeepMind writes code in 2026, they are working in a paradigm that started with one man in Baghdad twelve centuries ago.
The strangest part is what happens when you walk into any tech office in San Francisco or Bangalore or Lahore today. Engineers say the words algebra and algorithm hundreds of times a day. They do not know whose name they are saying. Almost nobody can spell al-Khwarizmi correctly on the first try.
His original Arabic manuscript is preserved at Oxford. His book on Hindu numerals survives only in Latin translation. The Latin version was the textbook that taught medieval Europe how to count.
The man who built the foundation of the AI revolution did not live to see a calculator. He died around 850 CE, a thousand years before the first electric current was sent through a wire. The civilization he built mathematics for collapsed. The library he wrote in burned. His own grave is unmarked.
But every algorithm running on every machine on Earth right now still answers to his name.
Since everyone calls me Someone, I got the domain https://t.co/8p73HPLq6l
Thank you for your attention to this matter
Mr https://t.co/mav5vKdXLj for you 🔥
قام شخص ما (إيلي حبيب) للتو بإنشاء لوحة معلومات استخباراتية عالمية آنية وجعلها متاحة مجانًا كمصدر مفتوح. هذا هو النوع من الأدوات التي تنفق الحكومات ملايين الدولارات عليها.يعمل مباشرة في متصفحك. أمر واحد فقط يكفي لتثبيته.
I Spent Eight Years Spoofing Silver
I'm a precious metals trader at a major bank.
Was.
Am.
Depends on which LinkedIn I'm updating.
Between 2008 and 2016, my desk placed orders we never intended to fill.
Thousands of them.
Tens of thousands.
We'd flood the book with sell orders.
Watch the algos panic.
Cancel before execution.
Buy at the bottom we just created.
Rinse.
Repeat.
For eight years.
We called it "spoofing."
The regulators called it fraud.
Same thing. Different business cards.
My bank paid $920 million to settle.
$920 million.
Two of my colleagues went to federal prison.
One year.
Two years.
They took it well.
Better than you'd think.
The bank paid their legal fees.
And kept their pensions.
Because that's what family does.
Eight banks. Total fines. $1.3 billion.
$920 million from us.
$127 million from Scotiabank.
$76 million from HSBC.
$75 million from Deutsche Bank.
The rest from the usual suspects.
All for the same thing.
Keeping silver where we wanted it.
Not where the market wanted it.
Here's what nobody understands about manipulation.
It's not about making money on the trade.
It's about making money on the *position*.
We had shorts.
Massive shorts.
The kind that show up in CFTC reports as "concentrated commercial interest."
That's regulator-speak for "these four banks control 68% of the market."
If silver went up, we lost billions.
So silver didn't go up.
For eight years.
Meanwhile, the world was changing.
Solar panels need silver.
500 million ounces by 2030.
Electric vehicles need silver.
AI data centers need silver.
Every green energy initiative, every climate target, every ESG presentation—
All of them need the one metal we were suppressing.
We knew.
We had the research.
We just didn't care.
2021: Supply deficit of 51 million ounces.
2022: 237 million.
2023: 184 million.
2024: 182 million.
2025: 166 million.
Cumulative: 820 million ounces.
That's 820 million ounces of silver the world needed.
That didn't exist.
Because mines can't produce fast enough.
And we spent a decade convincing everyone silver was worthless.
The prosecution came.
The fines came.
The prison sentences came.
We paid.
We restructured.
We "enhanced our compliance protocols."
That's how you say "we got caught" in a press release.
Then we did something beautiful.
We flipped.
We closed our shorts.
We went long.
713 million ounces.
Not a typo.
We now own more silver than we spent eight years suppressing.
Silver in January 2024: $23.
Silver in December 2025: $83.
Silver today: $110.
Up 260%.
From the price we kept it at.
To the price it should have been.
All along.
TD Securities tried to short it in October.
Lost $2.39 million.
In one trade.
We laughed.
Not because we're cruel.
Because we *invented* that trade.
And we knew when to stop.
December 2025.
COMEX registered inventory.
60% drawdown.
Four days.
47.6 million ounces claimed.
Physical delivery.
Not paper settlement.
Actual silver.
Leaving the vault.
The vaults we control.
Chinese banks suspended new precious metals accounts.
ICBC. Agricultural Bank. Construction Bank. Ningbo.
Raised margins.
Added circuit breakers.
They saw what was coming.
The same thing we saw.
When you suppress a price for a decade—
And the world still needs the thing—
Eventually the spring uncoils.
The board asked me how we're positioned.
I said "constructive."
Constructive means we're long.
Constructive means we're making billions.
Constructive means the same bank that paid $920 million in fines—
Is now making $900 million in gains.
On the same metal.
In the same market.
With the same traders.
Just different positions.
I'm updating my LinkedIn.
"Led precious metals transformation at global financial institution."
Transformation is accurate.
We transformed from criminal.
To compliant.
To profitable.
Same people.
Same desks.
Different direction.
Someone asked if I felt guilty.
About the manipulation.
About the miners who couldn't get fair prices.
About the investors who sold at the bottom we created.
About the eight years of artificial suppression.
I said I felt "reflective."
Reflective means no.
The next conference is in March.
"Precious Metals Outlook 2026."
I'm on the panel.
"Silver: From Suppression to Surge."
That's really the title.
They asked me to speak.
Because I have "unique insight."
I do.
I was the suppression.
Now I'm the surge.
$1.3 billion in fines.
Two men in prison.
Eight banks prosecuted.
820 million ounce deficit.
260% price increase.
$110 silver.
And I'm speaking at conferences.
About what's next.
You want to know what's next?
$120.
$150.
$200.
Not because I believe in silver.
Because I believe in deficits.
And I believe in the position we've built.
713 million ounces.
The same hands that held it down—
Now holding it up.
The market isn't broken.
The market is *working*.
For the first time in a decade.
Because we stopped breaking it.
Not out of conscience.
Out of position.
That's the lesson.
The same people who manipulate the bottom—
Manipulate the top.
We just change the sign.
Short to long.
Suppress to support.
Crime to compliance.
Same traders.
Same desks.
Same banks.
Different LinkedIn.
I'm going to make more money this year than I made in any year of the manipulation.
Legally.
Compliantly.
On the rally we delayed for a decade.
The spring uncoils.
The price finds its level.
The fines get written off.
And I update my LinkedIn.
"Precious metals expert."
"Market structure specialist."
"Transformation leader."
Nobody mentions the eight years.
Nobody mentions the $920 million.
Nobody mentions the prison sentences.
Silver at $110.
Gold at $5,000.
My bonus at ATH.
Same metal.
Same market.
Same me.
Different position.
That's not irony.
That's the system.
Working exactly as designed.
Silver is up more than $11 an ounce, trading above $114. Today’s gain is more than twice the price of silver when I first began buying it for myself and my Euro Pacific clients. This isn’t a bubble. The market is rapidly repricing an asset that’s been underpriced for many years.
في مشاريع بسيطة و غير مكلفة ابدا لكن نتائجها على جودة الحياة لاي مدينة عظيمة. من هالمشاريع الاخيرة اللي بدينا نشوف نتائجها بشكل سريع جدا هو مشروع مواقف الرياض!
يا جماعة الرياض صارت انظف و ارتب و فوق كذا صار اللي عنده مشوار لمحل و لا مكان ما يشيل هم مواقف لان صار ما وقف الا صاحب حاجة. شي عظيم اللي قاعد يصير و منها للافضل. حنا نستاهل مشاريع من هالنوع و عقبال المرور يا رب