January 30, 2026

By Nigam Arora

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

Fed Chair

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

Note the following:

• The chart shows yesterday gold had a $5.5T swing. This is an extraordinarily large swing.
• Retail momo crowd was going all in in gold ETF (GLD) and silver ETF (SLV) in the early morning before the major drop.  When retail buying was exhausted, that is when gold fell.
• The chart shows gold bulls aggressively bought the dip.
• The chart shows when speculation started building last night that President Trump would nominate Kevin Warsh as the next Fed Chair.