Kibali Breaks Revenue Record as Gold Prices Surge Despite Lower Output
Kibali gold mine posted record revenue of about $2.3 billion in 2025, a 40% jump from 2024, despite a 2% dip in gold output to roughly 673,000 ounces. Barrick’s 45% share generated $1.04 billion, while the mine’s contribution to group earnings rose 67% to $527 million. The surge was driven by a 45% increase in realised gold price, reflecting a 44% rise in global gold prices amid heightened investor demand. Production guidance for 2026 remains lower, but elevated prices are expected to sustain strong earnings.
GTA New Home Sales Hit 45‑Year Low Amid Population Boom
246 New Construction Homes Sold In The GTA In January: Lowest Since 1981: What Is Going On Here? Lowest in 45 Years? Even Though the Population is more than DOUBLE This a truly disturbing number Why is it happening? How did we get...
Cannabis Refinancings Signal Imminent Rescheduling and Rally
The largest multi state cannabis companies have announced meaningful refinancings (with relatively good terms - interest rates and maturities) over the last two weeks - presaging, in our view, a much anticipated and favorable rescheduling decision by the Administration. The "refinancing...
National Bank of Hungary Review: The Rate Cut Has Arrived, but What’s Next?
After 16 months of steady rates, the National Bank of Hungary cut its key policy rate by 25 basis points to 6.25% in February, aligning with broad market expectations. The central bank’s forward guidance remains data‑driven and open‑ended, prompting ING...
Study’s Condo Price Metric Ignores Fees, Misleads
The perfect r example of why not accounting for HOA/Fees + Insurance is an incomplete indicator of “prices” … Which is the methodological error at the core of the paper cited in the viral Atlantic article on housing The study follows...
America Needs More Than Creativity on Hong Kong – It Needs Action
The article argues that the United States must move beyond rhetoric and take concrete action against Hong Kong’s increasingly repressive regime. It highlights the political role of Hong Kong Economic and Trade Offices (HKETOs) in the U.S., which enjoy diplomatic privileges despite...
James Choi of Yale Investment Formula Says You Need More Stocks
James Choi, a Yale finance professor, introduced a formula that tailors asset allocation to age, income, savings, and risk tolerance. The Wall Street Journal highlighted that the model often recommends a more aggressive, stock‑heavy mix than conventional rules such as...
U.S. Home Prices Show Modest Year‑Over‑Year Gains in December
Case-Shiller: National House Price Index Up 1.3% year-over-year in December FHFA House Prices up 1.8% YoY in December https://calculatedrisk.substack.com/p/case-shiller-national-house-price-129
First Street’s Jeremy Porter Urges Holistic Approach to Assessing Climate Risk Impact
Jeremy Porter, chief economist at First Street, highlighted the shift toward a holistic view of climate risk on the REIT Report podcast. He explained that physical climate threats now ripple through assets, suppliers, commodities, customers, and transportation networks, demanding integrated...
Indian Stocks Slip Again: Causes and Strategies
Indian Stocks Fell again today. What’s the reason? And what to do with them? #stockmarket #itsector #anthropic #artificialintelligence #Nifty50
Takaichi Draws a Red Line on Nuclear Sharing Amid Japan’s Security Review
Japanese Prime Minister Sanae Takaichi publicly rejected a NATO‑style nuclear‑sharing arrangement with the United States, reaffirming Japan's Three Non‑Nuclear Principles during a House of Representatives debate. Her statement comes amid a comprehensive review of Japan's National Security Strategy, Defense Strategy,...
Korea’s Demographic Crisis Has Come for Its Military
South Korea’s shrinking birthrate—down to 0.75 children per woman—has cut the pool of eligible male conscripts, driving a 20% drop in active‑duty troops from 560,000 in 2019 to 450,000 in 2025. The Defense Ministry projects the force could shrink to...
Can't Spend Home Equity or Pre‑Tax Gains in Retirement
Two things you can’t buy things with in retirement…. A primary residence and pre-tax returns.
ETF Inflows Hit $304B, Doubling Record Pace
ETF inflows up to $304b YTD, which is DOUBLE the all-time record pace from last year. $VOO at $30b, also ahead of its record pace by 6b while Vanguard as whole is already at $100b, a $3b/day pace, and double...
In Guinea, the US Has a Rare Opportunity to Gain an Edge over China
Guinea’s newly elected president Mamady Doumbouya hosted a high‑profile inauguration attended by U.S. officials and a Chinese envoy, underscoring the country’s strategic importance. With roughly a quarter of global bauxite reserves and emerging lithium, uranium and iron‑ore projects, Guinea sits...
Govt to Divest up to 4% Stake in IRFC via OFS Starting Wednesday, Sets Floor Price at Rs 104 per...
The Ministry of Railways has launched an offer‑for‑sale (OFS) to off‑load up to 4 % of Indian Railway Finance Corporation (IRFC) equity, equivalent to 26.13 crore shares, with a green‑shoe option for an additional equal tranche. The floor price is fixed at...
Could the Current Cold Snap Pummel the Eastern Housing Market?
A severe Arctic blast swept the Eastern United States in February, halting in‑person real‑estate transactions and delaying listings, contracts, and closings across major metros. Mortgage applications fell 8.9% that week, with purchase requests down 14%, despite a modest dip in...
Commentary: Case-Shiller Home Price Index Price Growth Slowing Through December
The S&P CoreLogic Case‑Shiller National Home Price Index rose 1.3% year‑over‑year in December, a slight dip from 1.4% in November, indicating a slowdown in price growth. Existing‑home sales fell to a 1995 low while national inventory more than doubled since...
Wall St Muted After Anthropic Announces New AI Tools
Anthropic announced ten new AI plug‑in tools aimed at investment‑banking, private‑equity, engineering and design workflows. The rollout follows recent AI releases that sparked a sell‑off in traditional software stocks. Wall Street’s major indexes barely moved on the news, with the...
Start Small, Leverage Vacancy Data for First Deal
Your first deal doesn’t need to be big My first deal was tiny. A 3-unit multifamily deal. Bought it for just $200k At the time I was working in real estate private equity and was spending my nights and weekends looking for...
Ashford Trust to Sell New Mexico and Florida Hotels for $153.5M
Ashford Hospitality Trust entered definitive agreements to sell two hotels—La Posada de Santa Fe in New Mexico for $57.5 million and Hilton St. Petersburg Bayfront in Florida for $96 million—totaling $153.5 million. The transactions, slated to close in March, are part of a broader...
Retirees: How a Small Gold Allocation Can Soften Losses When the Stock Market Wobbles
Gold’s 2025 price surge—up about 60 %—re‑ignited interest in the metal as a portfolio stabilizer amid volatile equities, bonds, crypto and real‑estate markets. Research shows that a modest 5‑10 % gold allocation can lower drawdowns and improve risk‑adjusted returns, especially for retirees...
Gold Poised for Higher Leg; Buy Near 5080‑5100
Gold ( XAUUSD ) : Macro picture remains the same as told earlier. Current move is simply a small profit taking move before next leg higher , which is common after such quick bullish moves. I remain bullish. 5080s - 5100s looks...
Cabinet Approves Infra Projects, Farm Benefits of ₹12,236 Crore
The Indian cabinet approved infrastructure projects worth roughly ₹12,236 crore, covering rail line expansions, a new civil enclave at Srinagar airport, and a metro extension in Gujarat. It also raised the raw jute minimum support price to ₹5,925 per quintal, a...
KODE Labs Unveils EnerG: Revolutionizing Utility Management for Smarter, Sustainable Real Estate Portfolios
KODE Labs has launched EnerG, an AI‑enabled platform that consolidates utility, sustainability, and performance data for enterprise real‑estate portfolios. The solution replaces fragmented spreadsheets, PDFs and portal pulls with automated ingestion, validation and anomaly detection. Built as an extension of...
On Africa's Terms: Taking Control of the Resource Future
BGN Group, under CEO Rüya Bayegan, is scaling its African footprint by supplying Egypt with up to 160 LNG cargoes through 2026 and operating fuel terminals across Morocco. In July 2025 the firm launched a joint venture with the DRC’s...
Nifty Needs 25,800 Breakout to Sustain Uptrend
Nifty Prediction For Tomorrow 25 February 2026 By Rohit Srivastava | Indiacharts A critical level to watch is the channel's midpoint at 25,510; getting past this could lead to an attempt to break out above the 25,780 level. For a...
Technical Signals Warned: MSFT Decline and Mega‑cap Weakness
📺 $MSFT BIG LESSON & A BROADER MEGA CAP LOOK The recent decline in $MSFT was highly tradable and avoidable if you respected technical signals. It was a sequence of textbook warning signs: 1. The Double Top at $555–$553 2. The Unfilled Gap 3. Support →...
The ‘Resting’ Generation and South Korea’s Youth Recession
South Korea’s headline unemployment rate hovers around 4%, but a hidden youth recession is emerging as roughly 470,000 young adults are “resting” – neither employed nor job‑searching. Hiring for entry‑level positions has fallen for three consecutive years, with large firms...
Weekend Tracker Shows Positive Housing Market Amid Crazy Headlines
There are a lot of crazy headlines, and the weekend tracker was positive. We discuss it all today. @housingwire @sarahteresa6 #realestate #housing #mortgagerates #economics
Tesla Will Face Multiple Chinese EV Rivals Worldwide
Not surprised at all. And let’s not forget that many other leading Chinese EV players—such as Huawei, Li Auto, and Xiaomi—have yet to meaningfully ramp up their overseas expansion. Tesla isn’t just competing with BYD. In the coming years, it will...
Transfer Citi ThankYou® Points to Wyndham Rewards With a 25% Transfer Bonus
Citi has introduced a 25% transfer bonus for moving ThankYou® points to Wyndham Rewards, running through March 21, 2026. The promotion applies to all Citi cards, but premium cards like Strata Elite, Strata Premier and Prestige achieve a 1.25 Wyndham‑point per...
Data Center Expansion Hits Critical Inflection Point
Property Play: Data center expansion reaches an ‘inflection point’ https://t.co/iqTShSOBHO @JLL @NuveenInv #realestate #realestateinvesting #datacenter #AI
SPAC IPO of $
I hadn't realized that $OWL came public via SPAC. It's now right back to its original price. Turns out it was all priced in. EMH undefeated https://t.co/Q6eyG9hYLM
Schaeffler India Announces Rs 35/Share Dividend. Check Payment Date, Dividend Yield
Schaeffler India announced a Rs 35 per share dividend for FY 25, payable within 30 days of its AGM on 30 April 2026. The company posted a 36% jump in Q4 net profit to Rs 322 crore and revenue rose 28% YoY to Rs 2,724 crore. Profit after...
BE Breaks Above 162 After 21‑EMA Bounce
$BE following through after the 21ema bounce and finally getting through the 162 level for now🤞 https://t.co/MAAw1R9SgM
Venezuela's Bolivar Plummets 86%, Calls for Dollarization
On this week's Hanke's #CurrencyWatchlist, the Venezuelan bolivar ranks as the WORLD'S WORST currency. The bolivar has depreciated by over 86% against the USD in the past year. VENEZUELA NEEDS DOLLARIZE NOW. https://t.co/HI0TlTBYyv
Broker’s Call: ABB India (Reduce)
ABB India posted a 6% year‑on‑year revenue increase to ₹3,560 crore in Q4‑CY25, but adjusted EBITDA margin slipped 230 basis points to 17.2% amid higher commodity costs and adverse mix. Order inflows surged 52% YoY to ₹4,090 crore, pushing the backlog to...
INTU's 50% Drop Warns Against Bottom‑Picking
INTU lost half its value in 5 months. as three pushes down and small exhaustion gap. However, there is an old expression, "man who picks bottom ends up with stinky finger..." https://t.co/V0x15i4h0R
AI Trade Rotates: Data and Distribution Lead Next Phase
The AI trade isn’t peaking. It’s rotating. Leadership is shifting from chips to control of data + distribution. Most will chase yesterday’s winners. The next phase is structural. Read before consensus catches up: https://t.co/PmCr4t3wZc @ckaiwu @Mela_Schaffer
Market Fueled by Doomers and Boomers, Says Nomura
Charlie McElligott at Nomura says that the market is being driven by 'Doomers and Boomers' https://t.co/PbuzHGo8VF
UVIX Lags as VIX Jumps Over 7 Points
$VIX up more than 7 points from the low on Christmas Eve. 2x long vol (UVIX) actually dropped for the first part of the $VIX move higher and is up only a measly 11% overall. https://t.co/Id9MP45k4L
AI Ghost Trade Signals Oversold Cybersecurity Stocks
Watching Anthropic preso and investors will start to recognize this is an AI Ghost Trade and software/cyber security stocks most oversold I have seen in my career.
NYC Real Estate Stumped by Roosevelt Hotel
#NYC #realestate scratches its head over future of #RooseveltHotel as owner #Pakistan embraces redev under a #JV, an idea that's only been kicking around for 5 years. #DC baffled. #hotel #GrandCentral #CRE #Trump #GSA https://t.co/quNa74iZS1
Apple Becomes Modern Two‑Year Note, Rallies on Risk‑Off
Pretty cool that $AAPL has become the two year note of the modern age. Risk off equals appl rally.
Consumer Staples Outvalue Netflix on Forward P/E
Forward P/E Ratios... Colgate $CL: 23.4x Proctor & Gamble $PG: 22.5x Netflix $NFLX: 19.9x 🤔 https://t.co/3B4ig8yjTW
Tesla Outsells VW EVs by 30‑to‑1 in Q4
Tesla outsold all VW branded EVs by ~30:1 in Q425. $TSLA "Cox Automotive's Kelley Blue Book estimated 125,900 Tesla vehicles sold/registered in the US during Q4 2025"
Austin Rents Poised to Rebound Despite Current Oversupply
Still feels a bit too early to declare a rent rebound in Austin, but it'll happen eventually. The demand drivers are still stronger than other headlines have suggested, and massive supply remains the big headwind... until it isn't anymore. https://t.co/gMblq6btg0
Box Collapse Reveals Potential for Downward Extension
Update to Feb 12 post Sklarew box: fell through the middle. equal extension down eventually possible. "Oh No, Mr. Bill" https://t.co/oGq72zLdo3
Buy 380/385 Call Spread, Sell 360 Put, Target $5
$HD "Trade Idea 2: Buy the February 27 Expiry 380/385 Call Spread ($3.X.05) and sell the February 27 Expiry 360 Put for 30 cents." puts expire. Sell to close call spread near $5 or watch to max out Friday