The David Lin Report · Friday, October 30, 2026
Addressing why gold prices declined alongside equities, Chris Vermeulen stated that gold fell well below the critical $4,000 threshold due to margin calls and forced liquidation as investors scrambled to raise cash during the market panic.
“It's now well below the $4,000 critical threshold. It's now like a 3,800 something on my screen.”
“I was asked earlier today on the Marlon Nelfel show, he asked me, 'Why is gold down today as well? Isn't gold supposed to be a hedge?' And I said, 'Well, typically in panic situations, gold sells off because people get margin called and they have to raise cash.'”