Gold dropped from ~$5,600 to ~$4,700, silver from ~$121 to ~$77, with platinum and palladium falling similarly erasing about $7 trillion in precious metals value in under 36 hours.
The trigger was Trump naming Kevin Warsh, a known inflation hawk, as the next Fed chair. Markets had been positioned for rate cuts and a weaker dollar; Warsh signaled the opposite.
The metals rally was heavily leveraged and built on betting against the Fed. When the narrative flipped, traders rushed to exit. Margin hikes and forced liquidations amplified the sell-off, while a strengthening dollar further pressured prices.
Fundamentals didn’t change supply remains tight and demand intact. This was a rapid unwind of a crowded, leveraged trade, not a collapse in underlying value.
Spanish oncologist Mariano Barbacid's team achieved complete elimination of KRAS-mutated pancreatic tumors in mice using a low-toxicity trio of drugs (gemcitabine, ATRA, and neratinib), as detailed in a January 27, 2026, PNAS study.
A Spanish scientist have cured pancreatic cancer in mice. The most deadly cancer out there.
People ignoring it and making fun of his birth defect.
A cure in animal models is a huge step closer to a possible cancer treatment in humans.
Thank you, Dr. Mariano Barbacid
Pre-Market Movers
IBM stock is up nearly 10% after a strong earnings report.
Southwest Airlines added +5.3% after forecasting a sharp jump in 2026 profits.
Caterpillar is up 1.4% after crushing expectations with much stronger-than-expected Q4 results.
Royal Caribbean gained 7% after issuing upbeat Q1 guidance and meeting Q4 adjusted EPS expectations, even though revenue came in a bit light.
Nasdaq gained 1.3% after beating estimates on both revenue and earnings.
You HODL, token dips.
You spot trade, it refuse to pump.
You perp trade, it hits your SL.
You Degen trade, it rugs.
You invest in ICO/IDO, it list below price.
You farm Airdrop, you are ineligible or get DUST.
You apply for ambassador, they pay you $50.
You buy NFT, price crashes.
You create content, algorithm shadow bans you.
You yap, Nikita bans it.
This space is wild as f*ck!
