$Li Auto(LI)$ $LI AUTO-W(02015)$ 1Q24 results miss on both revenue and EPS.This was made worse by a lower than expected 2Q24 guidance of 105k to 110k vehicle deliveries - still a growth of ~25% YoY. Operating expenses grew out of proportion to revenues primarily due to significant hike in employee count and salaries. This is likely to correct in 2Q24 and fully reflected in 3Q24.From the looks of it, their Li MEGA isn't doing very well. This division faces the largest layoffs (called "staff optimization") as demand for $78K multipurpose vehicle (a.k.a Cyber Van) isn't up to expectations.Proves just how difficult it is in this very competitive, cutthroat market. $XPeng

Hi, ho, #silver! Can you get a better technical chart than this? $SLV $PSLV $PAAS $WPM $RGLD $HL $iShares Silver Trust(SLV)$ $Sprott Physical Silver Trust(PSLV)$ $Pan American Silver(PAAS)$ $Wheaton Precious Metals(WPM)$ $Royal(RGLD)$ $Hecla Mining(HL)$ Wow. Next stop 35 it seems. We anticipated this situation unfolding early on in @Stansberry Commodity Supercycles. Silver stored in the LBMA continues to decline. There simply aren't enough new major discoveries being made (and not enough new investments) to satisfy demand coming from invest

Short-sellers are for the most part still sidelined in this market. Very good sign. Even with 1Q earnings reporting almost finished for majors, the typical selloff that we've been seeing post ER is not taking place.If we consolidate at these levels for the next 1-2 weeks, it will set us up for another nice move up IMHO. $KraneShares CSI China Internet ETF(KWEB)$ $iShares MSCI Hong Kong ETF(EWH)$ $Alibaba(BABA)$ $Alibaba(09988)$ $JD.com(JD)$ $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$

I've been bullish on rareearth mining and processing companies for a while. This is just what companies like $MP Materials Corp.(MP)$ and $LYNAS RARE EARTHS LTD(LYC.AU)$.AX need to have a fighting chance against China's stranglehold on the RE market. Still, their capacities are nowhere close what China can - and does - supply to the West. This is a long-term story that everyone needs to pay attention to. US aiming to secure supply chain for rare earth-derived products could cause China to act sooner in playing its RE advantage.https://twitter.com/BrianTycangco/status/1790680587541598667

There's little logic in the move to tax or/and ban Chinese EV brands from Western markets. It would make sense if these were the largest markets for EVs. They simply aren't. China accounted for 60% of global EV sales in 2023. By 1Q24, it accounted for 70% of the global EV sales. No other market comes close.China is also growing faster than the global market, registering a 31% YoY 1Q24 growth vs. 21% global. In fact, US & Canada markets only grew 13%, while European markets grew a measly 7%.Why risk getting shut out of the world's largest EV market in the hopes of protecting uncompetitive and unprogressive firms? It will only breed inefficiency and hasten their decay. If this is a negotiating tactic, it's not well thought out. There's no position of strength. And it risks widening the t

I've been saying US consumers will need to forget the good ol' days of 2% or less inflation. They're not coming back - at least not in any sustainable fashion. The cost (and sins) of years of QE, binging on debt, and an overextended military have permanently eroded the purchasing power of the almighty US$. It's one key reason #gold $Gold - main 2406(GCmain)$ is doing so well. - Consumers are getting frustrated with stalling inflationSo true. The days of your dollar today buying the same goods next year and the year after... is OVER. Time to join the rest of the world in a more realistic expectation of inflation. And that's going to have a significant impact on the way people spend and invest their money going forward.

Talk about a red-hot market. China's overall car sales are up 7% YoY in March alone, with NEV sales +28 to nearly 700k units. Real estate might be sluggish but the consumer is alive and strong - and just waiting for better deals & more interesting models. $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ $GEELY AUTO(00175)$ $Geely Automobile Holdings Ltd.(GELYY)$ $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ $XPeng Inc.(XPEV)$

SE $Sea Ltd(SE)$ 4Q23 results beat on rev and EPS. Nothing that exciting from the company. But no nasty surprises either. Shopee getting entrenched throughout Southeast Asia, Sea Money turning profitable & expanding, plus Garena halting the slide in its overall metrics. Cash position back up to $8bn.https://twitter.com/BrianTycangco/status/1764686487876964853