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The post Peter Schiff Says Gold Drop Is A Reset As $4,000 Support Forms appeared com. Gold’s slide off record highs looks like a momentum reset with support building near $4,000, Schiff said. He warned that crypto doesn’t get the same cushion because ETF-style selling and borrowed BTC can accelerate declines. Strong metal prices still help miners, tokenized gold and non-U. S. dividend plays in a softer-dollar backdrop. Gold’s run stalled this week, but Peter Schiff said the move was a clean reset inside a strong uptrend, not the start of a reversal. He pointed to support forming near $4,000 and said fast drops like this flush leveraged late buyers so the trend can keep climbing. He also drew a line to crypto, arguing that the same kind of pullback in Bitcoin or in spot-style products usually gets amplified by ETF redemptions and loan liquidations, which makes digital assets more fragile than bullion on bad days. Gold Pullback Framed As Healthy, Not Exhausted Schiff said gold “ran too far, too fast” and did what strong markets do: snap back, wash out overstretched longs, and rebuild under a nearby level. He put that level around $4,000, calling it the spot where trend buyers can step back in as central-bank demand and rate-cut expectations stay in place. Silver’s strength alongside gold was another piece he used to argue the metals story is still live. Where Crypto Fails The Same Test Leverage and ETF Selling Threaten Bitcoin He then turned to Bitcoin and said the problem is structure, not narrative. A lot of BTC is still borrowed against, which means a 5-10% drop doesn’t just reset momentum, it can trigger forced selling. On top of that, spot-style ETF holders behave like momentum accounts. If they exit at once there is no guaranteed deep pool of dollar bids to catch the move, and stablecoins don’t magically refill that hole. That’s why,.