Panicky sellers signal major bottom approaching in the gold market.

September 29 (King World News) – Fred Hickey:  [Monday’s] Timely question with gold currently down $146 (-3.4%) to $4146 & miners also sinking (GDX ETF off 5.3% pre-market). 

Here’s my explanation for the Sunday night/Monday morning “surprise” selloff. It’s a difficult confluence of events and the calendar. First, gold is likely being pressured by end of month gold options and futures expirations. The option tied to the October 2026 gold futures contract expires tomorrow (Tuesday). First notice day is on Wednesday (September 30, 2026). That’s the key date for holders of a deliverable October gold futures contract who do not intend to make or take delivery; many brokers require positions to be closed or rolled before this date.

Then, Golden Week in China (October 1-7) begins on Thursday. Vacation week for the most important gold buyers in the world. 

Also, the U.S. dollar is strengthening again this AM & bond yields continue their relentless rise (though ultimately problematic for this historic stock bubble), so the computer algos push the “sell” or “short” gold buttons. 

Gold’s technical chart is not pretty, causing the technical weenies to become incontinent (again). 

However, here’s the good news regarding this confluence of unfortunately timed events: It should shake out the remaining week-kneed gold holders that typically panic near bottoms (and buy near tops). Gold was already deep in the process of becoming oversold. This could finish the process. Gold’s Daily Sentiment Index (DSI) is low – last week bouncing around the low 20% range. Futures traders’ positioning is also minimal. 

Gold is still in a secular bull market for all the reasons we know: U.S. fiscal profligacy, (debts & deficits through the roof), de-dollarization outside of the U.S. – especially among central bankers, sovereign wealth funds and the smartest family offices; continued dollar “weaponization” actions and U.S. Treasury bonds losing their “safe-haven” status. Asians (especially the Chinese) buy heavily when gold approaches $4,000 and I expect that will happen again. Maybe gold will briefly break $4,000 to really scare the panickers.

So, the short answer to your question is Yes! … but it may be tougher sledding over the next few days. I’m looking forward to taking advantage of the opportunities (I have lots of cash reserves – too much for my liking) and as usual, I’m planning to ease into position building (and then regret that I wasn’t more aggressive).

I expect the October HTS letter to be released very late this week or early next, which should be well-timed to provide explanations of what I’m personally buying and why.

One Of The Greatest Interviews Ever On Gold, Silver, Miners, Uranium & More!
To listen to one of the greatest interviews ever with Nomi Prins where she predicts $6,000 gold in a matter of months and gives new price targets for markets such as silver, miners, uranium, crude oil and more CLICK HERE OR ON THE IMAGE BELOW.

JUST RELEASED!
To listen to Alasdair Macleod discuss gold, silver, bonds and much more CLICK HERE OR ON THE IMAGE BELOW.

ALSO RELEASED!
BUCKLE UP: We Are Already Witnessing Crisis-Like Volatility CLICK HERE.
The Hidden Criminals That Rig Markets Across The Earth CLICK HERE.
Nomi Prins Says Gold Price Will Soar To $6,000 In 4 Months! CLICK HERE.
There Will Be Little To No Warning When Financial Markets Collapse CLICK HERE.
This Is Why Gold Price Has Been Firmly Above $4,000 Despite Rising Interest Rates CLICK HERE.
Last Time We Saw This It Ignited Historic Bear Markets In 1973 & 2000 CLICK HERE.
Many Investors Have Seen Their Money Frozen With No Access To It CLICK HERE.
We Are Moving Closer To A Shockwave Event CLICK HERE.
This Will Trigger The Big Stock Market Plunge CLICK HERE.

© 2026 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.