January 26, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Yen Surge

Please click here for a chart of gold futures (GC_F).

Note the following:

• The chart shows that gold surged past the magnet like a hot knife through butter.
• The 200 day moving average on the chart shows the gold move is very overextended.
• RSI on the chart shows gold is overbought and vulnerable to a pullback.
• Along with gold, silver is also surging.  Silver is experiencing a significant short squeeze.
• The momo crowd is rushing to buy gold ETF (GLD), silver ETF (SLV), gold miner ETF (GDX), gold miner Newmont (NEM), silver miner Hecla Mining (HL), and silver miner ETF (SIL) like there is no tomorrow.