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Super Micro Computer $SMCI is up almost 40% overnight 🚀🚀🚀
as the company announced the immediate appointment of BDO USA as its independent auditor and the filing of its compliance plan with Nasdaq !!! Source: Stocktwits @Stocktwits
The S&P 500 ETF, $SPY, just saw 9 consecutive days of money inflows, the longest streak since 2014.
Investors have poured $18 billion into $SPY over these 9 days as post-election buying continues. Since 2000, $SPY has only seen 4 streaks with 9 to 10 straight days of inflows: in 2007, 2013, 2014, and 2016. Massive inflows supported the 5%+ run in the S&P 500 following the election. Over the last 13 months, the S&P 500 has now added more than $15 TRILLION of market cap. Source: The Kobeissi Letter, Goldman Sachs
According to the best source of Chinese gold and silver data – @oriental_ghost – China is on a silver consumption BENDER
Source: ale Gold great again
WORLD INVESTING LANDSCAPE IS CHANGING
Global central banks gold reserves hit 13%, the highest in at least 3 decades. At the same time, foreign ownership of US government bonds fell to ~24%, near the lowest in 2 decades. World is embracing gold at the expense of Treasuries. Source: Global Markets Investor, Apollo
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