Silver Surges As Shorts Hit 2-Year High

The so-called 'smart-money' has been piling into short silver positions in the last few weeks (creating the biggest hedge fund silver short in two years as of last week)... as silver rebounds from a record losing streak.

Watch Live: President Trump And Israeli PM Netanyahu Joint Press Conference

Having confirmed earlier in his press conference with Israeli President Rivlin that 1) he did not say the word 'Israel' to the Russians, and 2) Iran are the bad guys (confirming the narrative from the Saudis the day before), President Trump is due to join Israeli PM Benjamin Netantahu shortly for a joint press conference...

Trump Saves Obamacare Again... For Now

The Trump administration and the House have officially asked for another 90 days to work out a lawsuit over subsidies that help poorer people afford to use their Obamacare insurance plans, further delaying a long-running legal fight that’s already destabilizing the health law.

Meanwhile, In Baltimore...

Baltimore County law enforcement looks like a small private army that should be somewhere in the Middle East. Nevertheless, this is a first hand account of the militarism in US police forces...

Bitcoin Blasts Through $2200, Here's Why

Bitcoin is up almost 15% today, breaking through $2000, $2100, and now $2200. As we detail below, there are numerous drivers for this sudden surge in the virtual currency...

JPM Cuts 10Y Yield Forecasts "Significantly Lower" Due To Weaker Inflation Outlook

Just one day after Goldman reluctantly cut its 2017 year end forecast on the 10Y yield, it was JPMorgan's turn, and over the weekend JPM announced it was adjusting its US rate forecast "significantly lower", slashing its year end 10Y yield target to 2.75% from 3%, reflecting “a weaker outlook on core inflation and reduced expectations around tax reform and infrastructure spending.”

Here's How Facebook Decides What You Can And Can't See

One of Facebook’s overwhelmed content moderators – who reportedly sometimes have just 10 seconds to decide whether or not a piece of content is appropriate for the site's immense user base or not – appears to have leaked a slideshow outlining the company’s complex rules for governing what Facebook’s 2 billion users can and cannot see to the Guardian.

Bannon, Priebus Return To Washington As Trump Trip Continues

Trump's two key advisors, Reince Priebus and Steven Bannon, returned to Washington after President Donald Trump wrapped up his visit to Saudi Arabia, the first stop on his foreign trip. The decision for Priebus to return to the US was pre-planned, not spur-of-the-moment, White House spokeswoman Huckabee Sanders said.

Key Events In The Coming Week: FOMC Minutes, GDP, BOC, OPEC And More

The key economic releases this week are the durable goods report and Q1 GDP revision on Friday. The minutes of the May FOMC statement will be released on Wednesday at 2PM. In addition, there are several scheduled speaking engagements by Fed officials this week

Russian Hackers Infected 1 Million Bank Customer Smartphones

Russian hacker used malware planted on more than a million Android smartphones to steal over 50 million roubles from domestic bank customers and were planning to target European lenders before their arrest, Reuters reports, noting that the entire group has been arrested.

Dollar Demise Continues To Escalate - Trump-Bump Dumped

It's official, the post-Trump-election gains in the dollar have now been 100% erased as the broad dollar index drops for the 8th day in the last 9 (down 2.4% in that period), to its lowest level since November 6th 2016 - before Trump was elected...

Bitcoin Blows Through $2100

Bitcoin is now up over 135% year-to-date, having screamed above $2000 and $2100 overnight as the dollar limped to 6-month lows...