meta_pixel
Tapesearch Logo
Log in
CNBC's "Fast Money"

Monster Move In Metals… and Big Tech’s AI Trade gets tested 1/26/26

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 27 January 2026

⏱️ 44 minutes

🧾️ Download transcript

Summary

Gold and silver hit fresh records as the dollar slides, and investor Peter Boockvar sizes up the Fed meeting with a massive earnings week on deck — including whether Big Tech’s AI spending holds up. Plus: Nvidia takes a stake in CoreWeave, the latest on the travel trade after this weekend’s snowstorm, and a private-credit warning from BlackRock TCP Capital ripples through the space. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Live from the Nazak market site in the heart of New York City's Times Square, this is fast money.

0:06.7

Here's what's on tap tonight.

0:08.2

Shining bright, gold and silver hitting new milestones, but the dollars left in the dust.

0:12.6

What the moves say about the state of the global markets right now.

0:15.8

And U.S. airports trying to get back on schedule after this weekend's storm, how airlines are handling the recovery, and what the historic number of cancellations could mean for their bottom lines. Plus, META gets a big bullish call ahead of earnings, another one. Corweave shares jump on NVIDIA's latest investment and sell the financials, what the chartmaster is seeing in the technicals that has him concerned. I'm Melissa Leak on you live from Studio B. I'm here in the NASDAQ. Tim Seymour, Karen Feinerman, Carter Worth, and Diadami. We start off with more monster moves in the medals. Gold crossing above $5,100 an ounce for the very first time, already up more than 15% this year. And not to be outdone, silver surging nearly 14% today,

0:55.8

bringing its gains for the year to more than 60% in less than a month.

1:00.5

Meanwhile, the dollar hitting four-month lows against major currencies, including the euro

1:04.1

and British pound, the yen also spiking against the greenback made a growing speculation

1:08.7

of FX intervention.

1:10.5

Just how nervous should these moves

1:13.1

make us? What is this telling us, Guy? I think the weaker dollar is something we should

1:18.1

absolutely focus on. And listen, Carter, if you remember last year, it was into the autumn. He said,

1:22.5

you're going to see a bounce in a dollar, and that happened. But the bounce was basically

1:26.2

short-lived. And I think this re-acceleration lower in the dollar is something that at least the S&P doesn't care about. Yet maybe people will say that a weaker dollar, you know, gives a tailwind to multinationals here. I think there's a truth to that. But at a certain point, it becomes detrimental to the broader market. And it is a tailwind for the metals markets. But that's not the only reason gold and silver are going higher. Now, it feels as though you're having a day where silver comes off $8. And the way that silver stocks and some of the mining stocks and gold performed today leads me to believe we're pretty close to that. But by any means, this move is not over at all, Melms. Technically speaking. On which is a dollar, silver,

2:02.9

all of it, all of the above. Something to point out, obviously, silver is a small asset relative

2:09.0

gold. We know it's the speculative one, the one that overshoots and then crashes and so forth.

2:13.8

But this statistic is probably the most stunning of all, and not because I'm saying it, just

2:18.5

because it is incredible.

2:20.5

Today's total value traded of the SLVETF was something in the order of 37, 38 billion.

2:30.3

Do you know that's triple what Microsoft was?

2:33.1

That's quadruple what, you know, Apple,

2:35.7

Nvidia was the next was, meaning this little ETF,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.