GOLD RALLY HAS BEEN TRULY UNSTOPPABLE
Gold prices have hit 40 all-time highs so far in 2024, marking the best year this century. The so-called barbarous relic has rallied 33% year-to-date and is on track for the best annual performance since 1979. Source: Global Markets Investor, The Daily Shot
ETF launches have been going vertical over past few years…
700+ new ETFs have been launched just over the trailing 12 months. Source: Nate Geraci @NateGeraci via Todd Sohn
#donothing
Source: Anthony Pompliano
The last time the S&P 500 rose more than 40% over 12 months was in 1987.
Source: The Great Martis @great_martis
👎 BIG BREAKING >>> Super Micro Computer stock, $SMCI, falls 27% after Ernst & Young announces they refuse to audit the company going forward.
EY is "unwilling to be associated with the financial statements prepared by management," the statement said. 🚨 $SMCI stock is imploding Source: CNBC
$META is developing an AI search engine to lessen reliance on Google and Microsoft.
#meta #nvda #googl
The shocking chart of the day >>> ChatGPT vs Google: Who’s Burning More Energy?
AI is a power-hungry beast, and ChatGPT is no exception—it uses enough energy daily to power 17,000 US homes! In comparison, Google’s vast infrastructure handles trillions of searches but has been optimizing energy consumption for years. Source: AIM on X @Analyticsindiam
One of the most important news today:
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says. Source: Bloomberg
