Meshack Ndaba

Investor | Entrepreneur | Trader in the financial markets. #Forex #Stocks #Crypto #ETFs.✨

[The Kobeissi Letter @KobeissiLetter]

BREAKING: China acquired +40 tonnes of gold in June via the London OTC market, marking their 2nd-largest monthly purchase since early 2025.

This is 167% more than the official +15 tonnes reported by China's central bank for June.

This also follows an estimated +48 tonnes acquired through the OTC market in May, +380% above the +10 tonnes officially reported by the central bank.

Meanwhile, China’s central bank officially added another +20 tonnes of gold in July, its largest monthly purchase since October 2023.

Year-to-date, China has officially increased its gold reserves by +60 tonnes, bringing total holdings to a record 2,366 tonnes.

Therefore, China acquired an estimated +88 tonnes of gold through the OTC market in just May and June, more than the amount officially reported for the entire year so far.

China is buying far more gold than their official data shows.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Gold futures surge above $4,700/oz for the first time since May 14th.

Asset owners are the only winners in this market.

[BRICS News @BRICSinfo]

JUST IN: 🇮🇷🇬🇧 Iranian hackers successfully shut down UK power plant in cyber attack.

[Moe @moneyacademyKE]

Banks’ profit performance in the first six months of 2026

— Equity: Up 32% to Sh45.5 billion
— KCB: Up 14% to Sh36.9 billion
— Co-op: Up 28% to Sh18 billion
— NCBA: Up 12% to Sh12 billion
— Absa: Down 9.8% to Sh10.5 billion
— Stanbic: Up 1% to Sh6.6 billion
— DTB: Up 34% to Sh6.4 billion
— StanChartKE: Down 17% to Sh6.7 billion
— Family Bank: Up 62% to Sh3.7 billion
— Sidian: Up 28% to Sh1.2 billion

[BRICS News @BRICSinfo]

JUST IN: 🇮🇷 Iran announces major gas discovery worth "tens of billions of dollars.”

[The Kobeissi Letter @KobeissiLetter]

Key Events This Week:

1. August CB Consumer Confidence data - Tuesday

2. July New Home Sales data - Tuesday

3. July PCE Inflation data - Wednesday

4. US Q2 2026 GDP data - Wednesday

5. Nvidia, $NVDA, Reports Earnings - Wednesday

6. August MI Consumer Sentiment data - Friday

7. August MI Inflation Expectations data - Friday

We have a big week ahead of us.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: The Dow Jones Industrial Average closes over +500 points higher as dip buyers rotate back into stocks and crypto extends its rally.

[Mario Nawfal @MarioNawfal]

🇹🇼 Taiwan’s first test of a locally developed satellite launch vehicle ended with the rocket veering off course shortly after liftoff and crashing into an uninhabited mountain area.

Nearby residents initially thought they were watching an incoming missile as the rocket suddenly turned away from the sea and toward the mountains.

NCSIST activated the self-destruct system after detecting the trajectory anomaly. No injuries or property damage were reported.

Writer: Oliver

[Moe @moneyacademyKE]

Kenya’s foreign loans in Chinese yuan more than doubled to Sh665 billion in the year to June 2026.

Yuan loans now make up 11.7% of Kenya’s foreign debt, up from 5%, after three SGR loans from China were changed from dollars to yuan.

[Mario Nawfal @MarioNawfal]

🇨🇳 Evergrande’s billionaire founder just got life in prison in China.

Xu Jiayin was once one of China’s richest men and ran one of its biggest property companies.

Then Evergrande collapsed under a huge pile of debt in 2021.

Now a Chinese court says Xu and the company spent years inflating assets, hiding debts and carrying out massive financial fraud.

Xu pleaded guilty and has now been sentenced to life, with all his personal property taken away.

Evergrande was also hit with $2.4 billion in fines, while 55 others, including Xu’s 2 sons, got prison time too.

From one of China’s richest men to losing everything and spending life behind bars. That’s one hell of a fall.

Source: Channel NewsAsia / Writer: Daniyal

[The Spectator Index @spectatorindex]

BREAKING: Trump says he views the Strait of Hormuz as 'an American territory right now'

[Moe @moneyacademyKE]

Global stocks bounced this week, with Bitcoin jumping to about $77,000.

Here’s what’s behind the market rebound and some of the key moves investors are watching.

Full analysis in the thread below:

[Watcher.Guru @WatcherGuru]

🇺🇸 Treasury Secretary Bessent says "we can grow our way out" of $40 trillion US national debt with tariffs and economic growth.

[Moe @moneyacademyKE]

The World Bank has banned Webmasters Kenya Ltd and its CEO James Ayugi from its projects for at least five years over fraud and failure to provide documents requested during an audit.

Webmasters Kenya is the company linked to the eCitizen tender.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Trade talks between the US and Canada have collapsed and the US has imposed new 50% tariffs on billions of dollars of Canadian goods.

Details include:

1. Canada's Prime Minister Carney vows to retaliate with "dollar for dollar" tariffs on the US

2. The tariffs will cover hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling ~$20 billion

3. US Trade Representative Greer said Canadian negotiators had "upset the balance" worked out over days of negotiations

4. The two sides had been discussing a deal that included lowering tariffs on Canadian steel and aluminum to 25% and autos to 15%

The US-Canada trade war appears to be back.

[The Kobeissi Letter @KobeissiLetter]

What's happening now in gold and crypto should not come as a surprise.

If it does come as a surprise, you are likely not following the correct leading indicators.

This is the era of US Treasury intervention, elevated inflation, and record deficit spending.

Below is a clip of our founder, @TKL_Adam, on Fox Business with @cvpayne exactly 37 days ago.

As gold fell below $4,000/oz, we began calling for a rally to $4,500+ as market conditions were clearly shifting.

Since then, gold has added +$4.5 trillion in market cap, Bitcoin is up +30%, and yields are roughly unchanged.

Keep following the leading indicators.

Asset owners are the only winners in this market.

[Watcher.Guru @WatcherGuru]

JUST IN: Ethereum $ETH officially surpasses $2,500

[Moe @moneyacademyKE]

The World Bank has cautioned Kenyan banks over rising exposure to government debt.

Banks hold about Sh2.2 trillion in government securities, up by Sh150 billion in six months, as Kenya’s public debt reached Sh13 trillion by June 2026

[The Kobeissi Letter @KobeissiLetter]

The entire world wants US stocks.

Foreign investors outside the US purchased +$181.4 billion of US equities in June.

The private sector alone bought a record +$144.7 billion, bringing an annualized rate to +$1.74 trillion, an all-time high.

Over the past 3 months, private purchases have totaled +$351.1 billion, equivalent to an annualized pace of +$1.4 trillion, also an all-time high.

This surpasses the 2025 annualized record by ~$400.0 billion.

By comparison, foreign official institutions, such as central banks and sovereign wealth funds, purchased +$36.7 billion in June.

As a result, private investors accounted for ~80% of all foreign equity purchases over this period.

The appetite for US stocks is stronger than ever.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Bitcoin surges above $79,000, now up +30% in 4 days.

Crypto markets have now added +$450 billion in market cap since Monday.