Posted on 01/30/2026 7:58:14 AM PST by Kaiser8408a
Call it the Post Powell Panic! After The Fed decided to do nothing at the FOMC meeting.
Gold is down -12% from the peak, trading below $5,000.
Silver is down -21%, trading below $100 for the first time since Friday, officially in a BEAR MARKET.
Rough night in the precious metals market space. An absolute BLOODBATH.
Is the top behind us?
Gold -6% Silver -12% Copper -4% Platinum -13% Palladium -11%
Trillions in market cap wiped out in a few hours.
Powell at The Fed FOMC meeting imitating former Fed Chair Janet Yellen. And Trump has nominated Kevin Warsh for Fed Chair who is expected to maintain Fed indepence.
(Excerpt) Read more at confoundedinterest.net ...
Just a little breather after a huge runup.
Not cutting rates means that inflation will not be as high. Gold and silver are inflation hedges.
The disconnect between financial markets and reality is truly astonishing. That is the thing that should worry everyone. $1-2T would pay for a new Navy, subs, aircraft, Sentinel Class BBGs, DDGs, the lot.
Just coming off the the new millenium’s biggest short squeeze.
Inflation is caused by deficit government spending. Keeping rates high causes increased government spending to pay the interest on the debt. That is inflationary!
People who buy in the midst of a feeding-frenzy are highly likely to get hosed.
Please, a single day drop defines a market? Happy I bought at $30. Profit taking at $110 one might think is likely, while those covering shorts would be thinking of selling apples.
Electronic markets in paper for precious metals is the problem here, especially when they can't deliver.
Warsh has said that fed spending is the problem. He is against monetizing the federal deficit. No matter what the Dems spent, Powell would have the fed lend more money then hold the notes as assets.
It could happen that without the fed playing along at our expense, Congress will be reigned in on spending. This no doomsday talk of default.
That’s what you think, and you could be right.
However, the overall market thinks higher rates cut inflation, and what the overall market thinks is what determines the price of gold and silver.
Maynard Keynes was a very successful stock trader. He said the art of trading is not to pick the most beautiful girl, but to pick the girl that everyone else thinks is the most beautiful.
You’re on it.
Fundamentals: profit taking and long-covering.
Technicals: many gaps in the charts need backfilling.
Ah, my heart really bleeds for currency traders.
If you are a day-trader with PM stocks, and have a weak heart, the best thing to do today is pretend the markets are closed for a holiday. Don’t look at your board.
Gold, silver, and copper are back to what they were a week ago. Ergo, my PM stocks are back to what they were a week ago. It looks ugly on paper, but I’m confident they will all go back up after PM earnings reports come out next month. It’s actually a good time to buy the dip.
Interest rates don’t fix the 400 to 1 paper to sooner ratio, China shopping exports or demand exploding with AI centers, missions and weapon production, electric cars etc.
and of course, the runaway spending and national debt ultimately will have to be monetized.
This is not a bar market. Not even close.
Oh noes!! I’m ruined. I’ve lost some of my profits!! I’m jumping. Don’t try to stop me. My front porch may be only 6 inches from the ground but I could sprain an ankle.
USD to EUR -12.23% (1Y)
1 USD = 0.841955 EUR Jan 30, 2026
https://www.xe.com/currencycharts/?from=USD&to=EUR
In Basic Training in the Army I sprained my ankle jumping off a 6 inch porch. I had to hobble around on crutches for a week. I would not take sick call and have to recycle to the beginning of my basic training. :-)
“smaller firm Shanghai Aiko Solar Energy is producing 6.5 gigawatt solar cells without silver”
“starting in Q2, LONGi Green Energy is planning to start mass producing solar cells using base metals instead of silver in an effort to reduce costs”
more information at:
https://investingnews.com/solar-panels-silver-copper/
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