A billionaire Chinese trader has built the largest net SHORT position in silver on the Shanghai Futures Exchange, holding ~450 tons, or 30,000 contracts.
His short position is now worth ~$300 million in paper gains after silver prices collapsed. Including losses from earlier positions (he has been forced to liquidate some positions), he stands to make a net profit of ~1 billion yuan, or $144 million. Previously, he made nearly $3 BILLION from bullish gold bets on the Shanghai exchange since early 2022. A billionaire ramped up his Global Markets Investor @GlobalMktObserv
Hyperscaler capex just got revised UP $58B to $660B for 2026
Alphabet dropped a BOMB: $175-185B guidance vs $119.5B estimate That's +$55B from Google alone The AI infrastructure arms race just went nuclear ☢️ Source: Ben Pouladian @benitoz
2026 CAPEX:
$GOOGL - $175B-$185B vs $119B est $META - $115B-$135B vs $110B est $TSLA - $20B vs $11B est $AMZN - *tomorrow vs $145B est The hyperscalers are going all in on AI. Source: Geiger Capital
Glassnode: "The $BTC capitulation metric has printed its second-largest spike in two years, highlighting a sharp escalation in forced selling."
"These stress events typically coincide with accelerated de-risking and elevated volatility as market participants reset positioning". Source: Glassnode
Rates Traders Target Dovish Policy Shift Under a Warsh-Led Fed
➡ Since Trump’s Friday announcement, flows in options linked to the Secured Overnight Financing Rate — which closely tracks the central bank’s path — have reflected bets on a more dovish tilt once Warsh takes his post in time for the Fed’s June meeting. Source: Christophe Barraud @C_Barraud on X, Bloomberg
Glencore agrees to sell 40% stake on its two African copper and cobalt businesses to a US government-backed group
Washington continues to seek more control over critical minerals. The deal values the 100% of the mines at $9 billion, including debt. $GLEN Source: Javier Blas @JavierBlas
- Bitcoin is now down 41% since hitting $126,200 on the 6th of October.
- 4 consecutive red months is the longest bearish run since 2018. Source: Bitcoin archive
The drawdown in S&P 500 Software stocks is now -25.2% from the high...
That's worse than last year's plunge Source: Kevin Gordon @KevRGordon Bloomberg
