If you own gold or your retirement account has exposure to any precious metals, you just lost more money in a single week than at any point in the last 43 years. Let that sink in. Gold just suffered its worst weekly collapse since 1983. I've got the chart here for you to prove it. Silver got also hit pretty hard. And this is happening while bombs are literally falling in the Middle East when gold is supposed to go up. Now, if you don't understand why this is happening, you're going to make the wrong move next. And that could cost you a significantly larger chunk of your portfolio than the last week did. So, my promise to you is this. By the end of this video, you'll understand exactly what's driving this crash. Why gold is defying the rules for now during a war? Who is actually behind the selling? And most importantly, what the smart money, well, that's what Wall Street calls itself. Just ask him, is doing right now that you should probably pay attention to. My name is Felix P. I'm an ex-investment banker and my um chief metal officer who's a golden beta is abandoned ship that's hareti is about the gold prices. I'm also the founder of the Goat Academy where my retired Wall Street mentors have been teaching regular investors for the last six years who've taught well over 20,000 students which is insanely rewarding. And the whole purpose of as a community is to give regular investors, which is what I used to be, access to the same knowledge that's only taught to the Wall Street bankers. So why the heck is gold crashing? Well, it's not what the media tells you. Hey, look at a stock chart here. This is a stock from Trade Vision, which I'm also the co-founder of, will give you two very good reasons for this yellow line there is where traders sell typically. So once you drop significantly below that, what happens? Well, your selling accelerates, which is what you can see down here with the volume being sold. Now, there's also a super important other line on here. Don't worry, this isn't a chart video. I just wanted to mention it because we're actually literally today running a live training on how to understand these money flows, how to know what Wall Street's currently buying and what they're selling. I'll teach you that if you join me for free at felix.org/trend. Just grab yourself a seat. It's probably about now as you as you were watching this. So, check out the time down below. And literally that line down there is currently holding us up. Very, very good point to hold us up. Now, what happens if you break through that point? Just a quick quick lesson here. I can't help myself. Zoom out a little bit. When did we last break through that? Well, we did it in July 2023. We went quite a lot lower as you can see. We did it in April 2022. And again, we went quite a lot lower. That is not a prediction. I'm just saying it is the money flows being triggered. You stick around, you'll understand exactly what I actually mean by that. If you want to dive deeper, join a free live training. It's about 2 hours long probably once you've answered all your questions. Join thousands of others at felixfens.com/train. So we all know gold had a monster 2025, right? 55% up on the year or something like that. Silver did even better over 130% up and we really enjoyed those rallies because we got in on them fairly early on in around about May time. Why? Because we were following the money. We were following the the trails of Wall Street le big footprints. That's fine. Not because I'm smarter and not because I have this unwavering conviction in in metals. No, it is just because I could see the money buying it. That's really all I ever care about. So that might disappoint you. This is all about money, right? And the freedom it can give you obviously. Now after the rally rally, what happens? The rug gets pulled, right? Drop. Gold drops 8%, silver 17% in one session. Months of gains are gone in hours. And that's frustrating, right? If you're frustrated that bad by that, put put frustrated in the comments down below. Just an F if you're really frustrated. But that was just the appetizer. We go into March gets much worse. Gold went down 7% in a single session. But then last week really took the biscuit. This red line here shows us the weekly move that is way worse than at any time since 1983. And look, I mean, you know, there was there was 911, there were wars, there was the 2008 financial crisis. This is way worse. Way way way worse. So why the heck is this happening? Well, the official explanation, the sort of minds, you know, financial media says this to you. They say inflation data came in hot. The Fed's going to hold rates stronger for longer and therefore gold goes down. And that isn't wrong, but it's like explaining a car crash by saying the car stopped moving. Yeah. Um, it's sort of accurate, but it is also utterly utterly useless. And the real story, what's happening underneath it involves war, oil, leverage, algorithms, and a pattern that Wall Street has used before. And and I get it. Everybody thinks war breaks out, gold goes up, right? It's sort of that it's in the handbook, but gold didn't read the handbook this time. We have a full-blown military conflict in the Middle East. Seems to be getting worse every day. Oil has spiked to crazy levels. So we have a proper geopolitical crisis. Yet gold is falling. So either everything you were told about gold as a safe haven is just wrong or there is something a bit more I was going to say devious. Let's go with interesting going on. Um so here's what's actually happening step by step. And this is pretty information dense. So you might want to write it down. We follow the pattern or the dominoes in this case. The first domino is the military strikes hit Iran, Iran retaliates, the strait of Homus gets disrupted and tanker traffic stops to basically zero. So what do we then get? Well, 20% of the global oil supply gets cut off. Oil rockets above crazy levels and it's one of the biggest energy supply disruption since the 70s. Seriously, it's big. We've been talking about the 70s a lot on this channel in the last six months. Um, maybe it just came through because we did. I hope not. So, what happens? Well, you got an oil shock. If your oil is over $100 or 120 or even 180 as Goldman Sachs predicts, you know, the the the lovely Wall Street bankers there, what happens? Your gas gets more expensive, your food, your fertilizer, your plastics, your pharmaceuticals, everything is more expensive because it's really oil, just oil. So, the inflation problem that we thought was going to go away and the promise that the new Fed chair would cut interest rates like a maniac to get the economy pumping, well, guess what? That isn't happening. The Fed's trapped. So, the Fed is holding its rates. They're now projecting one rate cut. Some people on Wall Street are now expecting rate increases. The European Central Bank, also known as the Bank of the First Soviet, that has now moved to Europe. They're going to raise interest rates, they're saying, because of inflation caused by oil prices, right? So, what's the fifth domino? Bond interest rates. So, the amount it costs to raise debt is going up. The dollar is going up. Why? Because you can buy you can get those lovely nice high interest rates now. And people have got money, monkey money as in not dollars, you know, other currencies like the euro uh and that sort of thing. And then they're going to they're buying dollars so they can take advantage of the high interest they can get from US government bonds. That's dominant number five. And if you're still with me on this, put a five in the chat. I know it's a lot. And then we got dominant number six, the machines take over. I'm not talking about drones here. I'm talking about hedge fund algorithms. These are machines that trade based on preset rules, right? That's why I started you off with some rules here on the chart. And we're going to go into those much more deeply if you join us at phoenix.org/training live. But these machines, they don't care there's a war. They don't care about safe havens. They see higher bond rates. They see higher dollar and they dump gold. billions in paper gold gets just dumped automatically. So, that's part of the story. Now, some of you might think it's completely crazy that machines run the market. Um, if you agree with that, if that's kind of crazy and mad, maybe write a crazy or mad in the comments down below. But it's the reality that we live in. So, this inflation mechanism overrides the safe haven mechanism because of the algos. So, war isn't helping gold. The war is causing a chain reaction that's destroying gold. Strange, right? But there is more to this. Throughout 2025 and 2026, retail investors, regular people, not institutions, poured over 70 billion into gold ETFs, which is an enormous amount. And it shows that people like to buy things after they've gone up. Again, something we'll fix for you if you join us live. But these were mostly ETFs, but not sort of plain manila ETFs. These were a lot of this was leveraged. So these are the 2x or 3x ETFs. They give you 2x or 3x the daily move, which is lovely when the market's going up, right? You feel like a genius. Gold goes up 2%, you go up 6%. You're like,"Woohoo! I've cracked this." But they have a little design feature that most investors don't fully appreciate. They well rebalance daily. And if you really understand how they rebalance, the ETF has to sell. They have no other path than to sell if the price of gold goes down. And lower prices trigger these leveraged margins. So you get margin calls and therefore the retail traders are selling the ETF and therefore the ETF has to sell more gold, right? More force selling. So you get lower prices which means more selling and it's kind of a uh death spiral. This impact is now twice as big as it was just a year ago. So the very products that help retail investors write to gold, you know, to 5,500, they become the very wrecking ball that smash it back down. Now, here's what makes me frustrated. While retail was buying, institutions were selling. And I can see that here in our metals hub, which is a community we have, it's like six of us 20 a week to intentionally very very affordable. And it gives you an insane amount of insight into gold and silver and and what's going on in commodity prices and and everything else as well as retirement planning and stocks. And I just keep chucking everything in there that I think could could be super useful. But you can sell, they're selling. See, they're selling and you have to ask yourself, well, why am I there for buying? Now, if you're one of those hodles to death to us part, this might be an opportunity, but we're not talking about that. We're trying to explain why is it dropping. Now, do you remember this chart, the 1983 crash, and now this is uh this is as bad as only that one. Well, let's talk about what happened in 83 because it's the single most important historical parallel we have. I was three years old at the time. I talked to one of my mentors about this who's about 30 years my senior and filled in the the blanks. So in February 1983, gold suffered one of its worst weekly declines in decades. Very similar to what we were just seeing. And the reason was this. No financial crisis, no bank blow up. It was a Middle Eastern oil producing country selling their gold because give you a bit of context. By 83 the world was swimming in oil. the price shocks of the 70s. Everyone had scrambled to find new oil. The North Sea came online. Alaska ramped up. Brazil, Egypt, India, Malaysia, they all started producing oil. And US oil imports dropped significantly because the US may find a lot more oil. So the Middle Easterns as we shall call them which I'm sure is entirely socially and and and and and you know PC-wise inappropriate but basically OPEC right the oil producing nations their market share collapsed. So they now no longer control the market. So what did these oil rich Middle Eastern nations do in 83? They sold gold. They needed cash because that gave them cash to fund the government maintain their currency pecs. Their currencies are mostly connected to the US dollar. So they have to defend that. And that selling flooded the gold market and it triggered a crash in 83. Now if you fast forward to metnor today, the mechanism is actually very very similar but the trigger is inverted. In 83 gold states couldn't sell oil at a high enough price because of the glut. Now in 2026, oil prices are skyhigh, but Gulf states can't physically sell their oil because the pathway, the straight of humus is disrupted. Now, you'd think these guys would be swimming in in in in money, right? Because oil prices are so high, but they can't ship it out. So, it's sitting in tanks. The tanks are getting hit and storage is full. Saudi and Kuwait have already started cutting production because they have nowhere to put it. They can't pump oil on the ground because the storage is full. So, what happens? same as an 83. They have less revenue coming in and governments need revenue unless you're the US in which case you just print it. Um but almost, and this is honestly what most people miss, almost every Gulf state, the Saudis, the Qataris, the Bahinis, the Omanis, and so on, they peg their currency to the US dollar. And that peg requires dollar reserves. Not normally those dollar reserves are easily replenished because they say sell oil for dollars, but then the oil revenue stops. But you still need dollars to defend your currency to fund your vision, you know, whatever mega projects and, you know, turning deserts into oasis and keep your banking system solvent and pay for all the missiles to defend you from all the drone strikes. What do you do? Well, you've got only one ch. Well, you've only got one choice. You got to sell assets, which is what a lot of people stack gold and silver for, right? It's for that rainy day. Well, they just have their rainy day. And what's everyone going to buy off you right now? Gold, right? And I'm not saying these countries are specifically selling specific numbers because we don't know the numbers. But we can see some patterns here. The Saudis have 300 tons of gold. Katal's 115 tons of gold. Big big beautiful war chests. So to me this is entirely consistent with largecale government selling. Same pattern we saw in 1983 because these guys probably studied their own history. Now if you think that Comx is to blame for the gold drop, put COMX in the comments down below. And that brings us very nicely to one of the most important concepts that I want to get across in this video in this lesson here. The difference between paper and physical gold. when gold went down 9.4% in a week. Where did that happen? Well, it actually happens on COMEX in the futures market in leveraged ETFs in strange financial products they call derivatives. These are paper contracts that are bets about gold. They are not gold. And at the same time, their own data shows us that gold is leaving the comx. It's this chart here. It's telling you it's leaving the comx. Silver is even worse. And the gold stress index has picked up quite significantly since last week. If you watch this data again in our community link to that is down below. It's like$620 a week. Cancel at any time. We're seeing people pull physical metal out of their vaults or the paper price crashes. Who's buying it? Asian central banks, Chinese investors, Eastern buyers, right? They're taking it at a discount. So, the paper market says gold is crashing. The physical market says gold is on sale and smart buyers are loading up. I'm not telling you to do that. I'm not a registered financial adviser, registered anything. So, you got to come to your own conclusions on this. But it's two different markets telling two very different stories. And what I learned from my Wall Street bank bankers, what I learned from my Wall Street mentors, guys who worked in banking for decades is that when the paper and the physical diverged like this, you want to pay very close attention to the physical side. Paper can be manipulated. Physical much much harder. So what does it all mean for us, the unwashed masses? Well, the first lesson is leverage kills in both directions. If you're bullish on gold long term, and there are, I think, some compelling reasons to be, leverage products are the worst way to express that. They turn a healthy correction into a wipe out. You turn an opportunity into pain. So, own physical, own unleveraged ETFs that actually own gold. Have a time horizon. Don't let a 2x or 3x product turn your uh, you know, investment idea into a margin call. I got plenty of people complaining on my videos the last few days about, I lost this much money on gold the last three days. You suck. Um, time horizon is all I'd say about that. This is not about getting rich by Friday. Now, are there faster opportunities than gold in the market? Hell yeah, I think so. Um, and how do we find them? Again, we follow Wall Street's pattern. We follow where the money is flowing. I'll teach you that as I promised live at felix/training. But really what I'm looking at here is is two things mostly. One is the dollar index. It's called DXY. And the other is the 10-year Treasury yield. If the DXY is above 100, that is bad for gold. If it's below, let me get a green color to color coordinate this. If it's less than sort of 97 96, we're in a much much better state. 10-year yields. Similarly, if they're above, I might want to write this down. If they're above 4%, this is not like a golden hard rule. This just gives you an indicator, right? So, you got to come to your own conclusion. Above 4% it is also bad. Why? Because you can just make so much money from a zerorisk asset that people are going to do that. If it's drops below 3.5% the interest rate of the 10-year government bond pays then we're again in a much happier place right and the moment the Fed is forced to cut rates whether it's a recession a credit event or just because the economy can't handle these interest rates that is in my humble opinion when gold reverses very hard so don't watch the war watch the Fed watch the dollar and think about the biggest gold holders in the world the central banks they Don't panic sell when gold drops 9.9% in a week. I'm not saying you should sell or buy or hold. I'm not saying that at all. You got to come to your own conclusion of that. I'm just saying they don't do that. In my humble opinion, if you have physical or unleveraged exposure, you accumulate patiently, especially on dips, and you are patient and you don't need to access the money tomorrow and you are smartly diversified and you have good risk management and everything else, then we see opportunity. rather than like, oh my god, right? Because you go back to 83, gold didn't bounce right back. It entered a longish bearish market for the rest of the decade. I know who's going to get a time. I'm not saying that's going to definitely happen this time. The setup is very different in many ways. Central bank demand, we've got ddollarization. Um much more complex scenario, but you should be prepared for the possibility that this isn't a oneweek event. Could be a much longer reset. And if it is gold consolidates at lower levels for a while, it's a gift for the patient accumulators who've got the time horizon and the cash flow to do that. And it is not the end of gold. So if you're showing up for yourself in the live training today because you actually want to learn how to navigate this market, then write learn in the comments and I'll look forward to seeing you there. But let me leave you with the big picture. Gold had its worst week in 43 years. That sounds terrifying. And if you're leveraged, it was terrifying. it seemed out. Gold is still up massively from where it was a year or two ago. Central banks are buying. Physical demand is strong. Shanghai market is still paying a premium. So what happened this week was a paper market event, algorithmic selling, leveraged ETF rebalancing, margin calls, and possibly some sovereign selling by Gulf States who need to raise some cash, which is the 983 playbook. So the paper price crashed, the case for gold as a store of value, as insurance against chaos and the only reserve asset with no counterparty risk hasn't changed. So the fact that we're in a war that's disrupting 20% of global oil supply, in my humble opinion, it strengthens the long-term case. So the question to me is not is gold dead. The question is, are we positioned correctly for what comes next? So, you want to learn how Wall Street actually works, how they actually pick their positions, not the CNBC version where they just go and sell their book. You're not afraid sell their book as a bank, buy a bunch of make a bunch of investments and then you go on CNBC and then you talk about it how wonderful it is. That's how you sell your book. If you want to go deeper than that, join me live and I'm going to teach you Wall Street's rules for picking stocks or metals or any other trade. the framework that institutional investors have used for decades and in my humble opinion it separates you know who right Maine and Wall Street so the link is down below felix/training it's right there in the description and if you got some value out of this in addition share this with a friend or a golden retriever and I hope to see you on the next one there is a $2 trillion time bomb buried deep inside America's retirement system and Wall Street is praying you don't find out before it detonates right now literally write