Opening Bell: January 23, 2026

Watch on YouTube ↗  |  January 23, 2026 at 15:00  |  1:12  |  CNBC
Speakers
Jim Cramer — Host, Mad Money

Summary

CNBC's Opening Bell segment on January 23, 2026, features a discussion around gold and Costco. The speaker remains a long-term gold bull, citing gold's store-of-value role and urging investors not to sell, while also noting copper demand from data centers. Costco is discussed for its gold-bar retailing and its stock's insufficient bounce at roughly 47 times earnings.

  • Gold is framed as a durable store of value and a long-term holding.
  • Bitcoin is contrasted negatively with gold on store-of-value characteristics.
  • Copper buying interest is attributed to data-center demand.
  • Costco's gold-bar retailing is highlighted as a business recognition of gold's run.
  • Costco's stock bounce is described as insufficient and its valuation is noted at about 47 times earnings.
  • The NYSE opening bell is shown with Rhythm Capital celebrating.
Ideas
Jim Cramer Host, Mad Money 0:02
Gold retains store of value; don't sell.
Gold retains its store-of-value role in a way Bitcoin does not, and physical gold remains scarce; the speaker has been a long-term gold bull since 2000 and explicitly says not to sell gold.
GLD HIGH
Jim Cramer Host, Mad Money 0:35
Costco bounce insufficient at 47x earnings.
Costco has differentiated gold-bar retailing that recognized gold's run, but the stock's current bounce is insufficient and it needs to move higher while trading around 47 times earnings, making it a setup to watch.
COST MED
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This CNBC video, published January 23, 2026, features Jim Cramer discussing GLD, COST. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jim Cramer  · Tickers: GLD, COST