The week's video is in Q & A format with a focus on issues weighing on the minds of investors in late January 2026

EUR/USD drops during the North American session, down by 0.75% amid a session characterized by overall US Dollar strength, sponsored by Trump’s mild-hawkish pick to lead the Fed and an inflation report that warrants steady rates by the Fed.

The Producer Price Index (PPI) surged past expectations, signaling persistent inflationary pressure in the manufacturing sector. This unexpected spike complicates the Fed's "no-cut" stance as wholesale costs hit multi-year highs.

In this video lesson, I review all the data that suggests this market is on some very thin foundation. When price confirms (if it confirms), the sell-off has the potential to be very ugly.

Precious metals saw "extraordinary volatility," with silver swinging between $90 and $120 and gold touching $5,600 before a sharp pullback. Analysts cite tight supply and de-dollarization as drivers for long-term targets of $6,000 gold.

Have the silver fundamentals changed? Likely not. But they were likely overpriced. If so, how much were they overpriced?

After hitting record highs, gold and silver faced massive, record-breaking declines, illustrating the dangers of over-allocation and the psychological pitfalls of "panic buying" at the peak.

Theory has to guide your trading. Yesterday's options flow gave us the framework to avoid today's massacre. When your edge disappears, you step aside.