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Lightning Round: Trump’s Fed Pick, the Silver Crash, and More

Posted January 30, 2026

Greg Guenthner

By Greg Guenthner

Lightning Round: Trump’s Fed Pick, the Silver Crash, and More

There’s a lot hitting the wire all at once right now.

This morning, Trump named Kevin Warsh as his pick to replace Jerome Powell as Fed Chair, and everyone seems to have an opinion on it.

Meanwhile, precious metals are dropping like rocks after a downright parabolic rally. (Who could have seen that coming?)

And that’s not to mention the Mag 7 earnings and the staggering amounts of AI spending to sort through.

It’s the kind of week where every new development demands your attention.

So I sat down with Enrique to record a special lightning-round edition of Truth & Trends to talk you through it.

In the video below, we cover why the Fed headlines aren’t nearly as important as they’re being made out to be...

Why the silver pullback was both inevitable and constructive...

And we also cover the bigger story about how AI capex could shift into a completely different gear — and the market is still struggling to price that in.

Click on the video below to check out our full conversation.

I hope you enjoyed the video.

After you’re done watching, drop me a line and let me know what you think.

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