Gold Price:

USD $4,111.97

AUD $5,919.32

  • October 9, 2026

WANT TO KNOW WHY GOLD PRICE COLLAPSED $US500 IN A WEEK?

Read and look at buy/sell trends May to October. Tells the story!

Average trades May-September $US150 billion sold per month. Then in October alone $US300 billion, twice as much as the previous five months average monthly sales of Gold of $150 billion. Big, big buy!

If you’re not sure whether gold is being manipulated, look no further than the graphs below—combine them with the daily gold trades.

We see vertical price rises from buying, reaching a peak, followed by vertical selling. It’s known as North-South fools’ gold.

So, the $10 question everyone is asking: are the North-South verticals the result of a buyer, a seller, a short-covering event, or paper gold redemption?

It’s one of those. We can all speculate with various degrees of accuracy, but as they say in exploration:
“Gold is where you find it, not where it should be.”

That speaks for itself. It mirrors the gold price—it goes where it wants.

The curious thing about gold is that you can’t actually buy anything with it. You can’t walk into a shop and buy a car or even a coffee with gold.

So, what is gold actually good for?

Its only real value is when a bullion dealer is prepared to pay you cash for it—and only in volume, and only when they believe the price will rise.

When the gold price was recently smashed—around US$450 down in a week—70% of bullion dealers suddenly put up CLOSED signs.
Long pockets, short arms.

Only bullion dealers will pay you cash.

This is a reminder of how the precious metals market is played.

If gold plunged US$1,000 an ounce in one day, would you say, “I think I’ll load up on gold today”? Or would you panic and sell?

The market can only lose US$500 in a week—as we recently saw—if around US$150 billion is sold in a five-day period.

Read further—here’s the proof:

THE REASON GOLD PLUNGED US$500 IN A WEEK

After a lot of research, I have the answer. Believe it or not—it’s true.

The gold price was 100% manipulated in October, not by selling—but by buying.

From May to September 2025, the total gold buying was US$634 billion, averaging around US$125 billion per month.

Then, in October 2025 alone, gold traded volumes hit US$300 billion—in just that one month.

So now the buyers are fully loaded. What’s next? You can’t keep buying forever—you need to average down.

Simple mathematics: in November, frighten the market into selling. That’s exactly what happened. The gold price shed around US$500 in just one week.

Then, once it looked like the market had bottomed and third-party buyers re-emerged, the big players hit the buy button again. They ran the North-South Vertical switch to keep punters confused.

Just as a third-party buyer lodges a large order, the price is slammed down vertically—US$50 in a flash. Panic. Hesitation. Natural reactions. You sit.

Kaboom.
They come back like a great white shark and take another big bite.

Brokers and traders are left wondering: What just happened?

Now you know.

“Gold is to hold, not to be sold.”
Don’t ever try to guess where the gold price is going. There are just too many variables: geopolitical events, physical gold, paper certificates, promissory notes, shorts, ETFs.

It’s a minefield.

Take a look below:
Total bullion gold sales from May to October inclusive. Then compare October sales to the average of the previous five months.

Now look at today’s North-South vertical sell.

A massive whale was in the market—buying, then selling down a percentage, and then attacking again.

Where to next?
WTF knows.

By Wayne McCrae

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