Gold and silver just suffered their first major volatility shock of the year, with gold swinging nearly $500 in a single session and silver whipsawing violently. While some see a breakdown, Danielle DiMartino Booth says the move looks less like a top and more like a liquidity flush clearing leverage from the system.
Speaking with Kitco News, the CEO and Chief Strategist of QI Research said markets that move parabolically “need healthy breathers,” warning that margin calls can spread quickly as stress rises across equities, credit, and commodities. She said the turbulence is coinciding with renewed credit stress, noting “we’re certainly seeing a resumption of the bankruptcy cycle,” with private credit emerging as a key fault line.
Booth also pushed back on the Fed’s stabilizing narrative, arguing Chair Powell is “leaning disproportionately on the unemployment rate” even as layoffs rise and financial conditions tighten beneath the surface.
Recorded January 29, 2026.
00:35 – Fed Policy, Market Volatility, and Liquidity Stress
01:24 – Danielle DiMartino Booth on Credit and Market Fragility
01:41 – Gold’s Volatility and a Liquidity Flush, Not a Top
04:22 – Labor Market Signals vs Corporate Layoffs
05:39 – Consumer Strain and Buy Now Pay Later for Essentials
06:28 – Banking Sector Stress and Credit Risk Beneath the Surface
08:42 – Regulation, Treasury Issuance, and Bond Market Stability
11:13 – Final Thoughts on Volatility, Risk, and Market Sentiment
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47 Comments
Gold just swung nearly $500 in a single session. Danielle DiMartino Booth explains why this looks less like a top and more like a liquidity event clearing leverage. Is this a warning sign, or a reset?
Bon rythme et explications simples, ça donne envie de tester direct. Je fais du contenu dans la même vibe sur ma chaîne. Hâte de voir la suite.
Hair is way too dark, it makes you look haggard.
Isn't the Fed buying it's own bonds
time to get real and call out the fix or you loose all creibility
Danielle is such a gem
Tank happened with Asia was closed, margin calls, and JPM and exchanges shorted the market. It was to close their paper sold and no supply.
Gold and Silver are for investors. this will make it go up gradually in a sustainable fashion.
could use stronger currencies around world to grow economies with affordable prices and increase trade by making exports more affordable lowering trade deficits
So Danielle gets into the only cab in NYC where the driver speaks English, recognizes her and knows she’s a gold bug???. Yeah, right. 🤡
Is it paper or physical?
🍺 a shave off the top , that’s all.
The new Fed chair nominee is a hawk but
margins also changed to % based in mid January. As the price increases, margin calls also increased, helping fuel the correction. This happened also in silver but more severe due to it being less liquid market.
i must admit that i very much like to listen this women .. she knows her stuff
Anlther fall on maonday and tuesday,then buy.3 days aof all expected.😊
Thank you
We need to listen to people with credibility
to buy or not to buy precious metals
JP Morgan..Manipulation
Great analysis from her as always! I think, when PM's sell assets to get liquidity, it's a good time to buy solid stuff, let's say after a 20-30% correction
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Silver is the real story.
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All a Scam
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The Casino enabled it to go to $5600 too quickly, same with Silver. Back to triple digits in weeks imo.
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This was manipulation for sure and just in time, the CME increases the margins on precious metals for the second time within three days.
If you look carefully into the latest Comex report, $JPM closed its silver shorts
EXACTLY at the very bottom of the price crash and from there it all started to come back up
This isn't coincidence
This isn't conspiracy theory
This is the proof the whole Friday crash was planned