The David Lin Report Gold's Worst Crash Since 1983, Is This An Opportunity Or Trap? | Morgan Steckler
Mar 24, 2026
Morgan Steckler, Senior Director at Priority Gold and precious-metals specialist, talks about the mechanics behind gold's sharp drop and why it happened despite bullish fundamentals. He discusses where a price floor might be and strong customer demand for physical metals. They cover gold’s role as a portfolio diversifier, BRICS reserve accumulation, debt-cycle risks, and practicalities of buying and storing physical bullion.
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Mechanical Reasons Behind The Gold Crash
- Gold's recent pullback is driven by a stronger US dollar, rising Treasury yields after the Fed pause, profit-taking by large funds, and forced selling from margin calls.
- Morgan Steckler calls it largely mechanical selling, not a change in long-term fundamentals, and cites JP Morgan's $6k+ 2026 target as counterpoint.
Use Dips To Add Physical Metals
- Buy physical metals as a preservation play during dips, especially for portions of portfolios you don't need short term.
- Priority Gold clients are moving retirement/trust funds into physical gold and silver for legacy and defense.
This Cycle Is Driven By Record Money Printing And Scarcity
- This cycle differs because massive post-pandemic dollar creation and record US debt (near $40T) make currency depreciation riskier than past cycles.
- Morgan highlights multi‑year low physical availability even as central banks and nations buy tons.