WWere you here for the Great Crash of 2026? Huddled behind the couch? Or roast your short positions in the back of an Uber on the way to a Lambo?
[Lamb-OH, dear. It’s a car, not a quadruped. Eh? Yes I know we usually have roast dinner on a Sunday.]
No stock market crash. Don’t panic! Stocks continue to move in a Schrödinger bubble.
No, I’m talking about the Great Silver Crash of Friday January 30, 2026:
Down more than 30% at one point. That’s almost the entire Covid stock market crash in just one day for the ‘other’ precious metal.
Silver surfer
Gold and silver, of course, had been tearing apart for months; silver had gone virtually parabolic. (See the second graph in my links below.)
So it’s hardly unexpected to see a rise, even if – as usual – there doesn’t seem to be any particular reason why the price crashed from a ridiculously overbought position today, unlike a week ago.
[Yes dear, I know the man on CNBC said he knows. Why’s he on the telly then and not on his private island? And no I didn’t sell grannie’s silver spoons like you told me to.]
It is clear that Trump chooses a non-crazy one because the next chairman of the Federal Reserve must have been the catalyst for less paranoid people to dump their precious metals and bunker deposits.
But you don’t have to be George Soros to suspect that a lot of influence was involved to cause a massacre on this scale – and that the brutality indicates a lot of pressure.
Perhaps the crazy build-up to this dive was all down to a handful of hedges knights funds playing with each other? The retarded of the seven kingdoms have with it?
Paging Michael Lewis!
[No, MICHAEL Lewis dear, not John Lewis. Yes, him who wrote the film about Christian Bale.]
Have a nice weekend.
From Monevator
Our updated guide to help you find the best broker: Monevator
Don’t tell me your opinion, show me your portfolio – Monevator [Mogul members]
From the archiver: Everything about the annual ISA allowance – Monevator
News
Land rental to be capped in England and Wales for £250 per year – Guardian
The UK cities where living standards are rising fastest – Center for Cities
India and EU agree on ‘mother of all trade deals’ – AFP via Yahoo Finance
Household water bills rise by 5.4% in England and Wales – Guardian
Gold hit the $5,000 mark for the first time this week, but now it’s falling – BBC
High land prices in London require ‘market adjustment’, says the Housing Secretary [Paywall] – FT
Mortgage shock for borrowers as nearly 1 million five-year deals soon expire – Standard
Record numbers in Britain living in ‘very deep poverty’, analysis shows: Guardian
Prime London prices hit rock bottom this year – This is money
Millions will get £150 off their energy bills for another five years BBC
Robinhood CEO Says Tokenized Stocks Could Prevent Another GameStop Freeze – Coin Bureau
Tether will become a ‘golden central bank’ in the post-dollar world, says CEO – The Block
CEO of Indonesian stock exchange resigns after $84 billion market crisis CNBC
Fear of humiliation – not central bank purchase – drives precious metals – Robin Brooks
Products and services
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More about how the ground rent (ground rent) is limited to £250… – Which one
…what is changing and when will this happen? – This is money
Get up to £1,500 cashback when you transfer your money and/or investments to Charles Stanley Direct via this affiliate link. Terms and conditions apply – Charles Stanley
Santander Switch Offer: £200 + £25 Amazon Gift Card – Be smart with your money
The Best Fixed Rate Cash ISAs – This is money
Government confirms you can still open and save a LISA, pending changes – GOV.UK
Get up to £3,000 cashback when you open or switch an Interactive Investor SIPP. Terms and fees apply, affiliate link – Interactive Investor
Six Ways to Find Good Travel Insurance Without Overpaying – Which one
How to Get Cheap Seats for Theaters and Other Shows – Be smart with your money
Houses for sale with air heat pumps or solar panels, in photos – Guardian
Scammers mini-special
How Scammers Tried to Steal One Man’s Coinbase Wallet – CNBC
Scammers got this ‘tech-savvy zillennial’ to click on a dodgy link – Guardian
China executes 11 people linked to Myanmar scam operation Guardian
Commentary and opinion
Don’t be overly afraid of record highs – Chart Kid Matt
Do you need to earn £71,000 to give an unemployed household benefits? [Podcast] – BBC
The midlife crisis (spending crisis) – A wealth of common sense
Should artists receive a basic income like in Ireland? – BBC
Reforms to leasehold properties could have unintended consequences – This is money
Top tips to secure your retirement in turbulent times – Guardian
When it is worth paying for money [US/niche but interesting] – Morning star
Renters’ Rights Act creates unintended tax headaches for more than 150,000 renters – TPA
Meet the top secret NS&I agent who tells people they’ve won £1 million – This is money
Hargreaves Lansdown’s private equity masters come for a bite to eat – Simple life in Somerset
“We lived in a van in South London to save up to move to Portugal” – Standard
Elon Musk is wrong. People still need to save – Bloomberg via FA Mag
Naughty angle: active antics
Zoom’s “hidden gem” stake in Anthropic could be worth $2 billion CNBC
Which UK investment funds own SpaceX shares? – Morning star
Megacap Tech’s Relative Valuation Near 2022 Low – Sherwood
Termites feast on the foundations of dollar dominance [Paywall] – FT
Business disruptions: Games workshop [Podcast] – via Apple
Valuation for depreciation – Permanent equity
You probably shouldn’t trade based on insider buying – SSRN
Kindle Book Bargains
The Book of Money by Monzo – £0.99 on Kindle
The compound effect by Darren Hardy – £0.99 on Kindle
80/20 Daily by Richard Koch – £0.99 on Kindle
Feel good Productivity by Ali Abdal – £0.99 on Kindle
Or buy one of the best investment classics of all time: Monevator shop
Environmental factors
How can you apply for financing schemes for solar panels? The independent
Australians discover what happens to human bodies at 49 degrees Celsius – Guardian
Plans to power London landmarks using the heat of the River Thames BBC
Reusing heat from AI data centers to heat homes – CNBC
How humans are making the world’s wildlife dangerously monotonous – The conversation
Let the Chinese electric vehicles in – Noahpinion
Robotoverlord collection
The adolescence of technology – Dario Amodei
Wall Street thinks the next bottleneck in AI is chip equipment – Sherwood
AI is hitting Britain harder than other major economies, research shows Guardian
Why AI won’t wipe out white-collar jobs [Paywall] – The Economist
Machine learning in investing – Larry Swedroe
Moltbot takes over Silicon Valley – Wired
TSMC Risk – Stratechery
Not at the dining table
This is why you should care – Ryan Holiday
Danger for ‘middle powers’ as the world returns to pre-World War II order – BBC
World Files for Economic Divorce from America – Paul Krugman
Centrist ideas no longer wanted in Tory party, says Badenoch – Guardian
The ICE shootings are a tipping point – Strength in numbers
The end of panda diplomacy as Japan returns bears to China Guardian
Francis Fukuyama: after Davos – Conviction
The great entertainment – Kyla Scanlon
Intelligent mini-special
Neuroplasticity: how the brain can change – The conversation
British man who got Musk’s Neuralink brain chip says it ‘feels magical’ Air
Scientists find that helping raise grandchildren is good for the brain USA today
Terry Pratchett’s novels may contain clues to his dementia The conversation
Out of our league
Where groundbreaking ideas actually come from – Next big ideas club
Polygamous working: why some people hold two or more jobs – Guardian
A mental model that can change your life – Darius Foroux
Career advice for young people from top VC Bill Gurley – via Tim Ferriss
How Europe plans to build its own sovereign technology stack Sherwood
In defense of pop-ups – Seth Godin
And finally…
“The greatest enemy of a good plan is the dream of a perfect plan. Stick to the good plan.”
–Jack Bogle, The little book about investing with common sense
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#Weekend #Reading #Silver #Scream #Monevator