Europe

Via Paul Craig Roberts,

“The U.S. intelligence community’s extraordinary campaign of leaks claiming improper ties between President Trump’s team and Russia seeks to ensure a lucrative New Cold War by blocking detente.” — Gareth Porter

It only required 24 days for the Deep State to castrate President Donald Trump and terminate the promise that the high tensions with Russia created during the Clinton, George W. Bush, and Obama regimes would be terminated by Trump’s presidency.

Via Michael Snyder of The End of The American Dream blog,

If current trends continue, Islam is on track to become the largest religion in the entire world by the end of this century according a stunning new report that was just released by the Pew Research Center.

European MEPs are seeking to prosecute Eurosceptic French presidential candidate Marine Le Pen after she criticised ISIS on Twitter.  An EU parliamentary committee has voted to strip Le Pen of her diplomatic immunity in an attempt to throw her to the wolves and end her political career. Le Pen, leader of an anti-European party and favourite to win the French presidency, is under investigation for posting images that show Islamic State militants beheading American journalist James Foley in 2015.

So after the biggest inflows to SPY in 27 months sending stocks soaring on dropping volume and plunging GDP expectations, today saw Stocks Down, Bonds Down, Gold Down, VIX Down, USD Up, Rate Hike Odds Up...

But it was all so easy yesterday!

At exactly 1130ET (as Europe closed), someone decided to unload over $2 billion notional of silver into the futures pits...

Over 23,000 Silver futures contracts suddenly puked into the market as soon as Europe closed...

Silve rhad managed to get back most of the losses post-election but once the selling broke 18.155 (200DMA) it accelerated...this is the biggest drop since The Fed hiked rates in December.

Gold is also getting hit but far less aggressively...