In my recent interview with Charlotte McLeod of Investing News Network, we discussed my outlook for gold and silver, why I believe precious metals have entered a bear market, and what could be setting up as one of the biggest opportunities in the sector. While many investors are focused on where gold could go next, I believe we may first see a significant correction, potentially taking gold as low as $3,100 per ounce before the next major rally begins.
Although a decline of that magnitude may sound alarming, I see it as a potential opportunity rather than something to fear. In fact, a healthy bear market unwind could set the stage for a much larger move higher, with gold potentially reaching $10,000 in the years ahead. The key is understanding market cycles, protecting capital during unfavorable conditions, and being patient enough to recognize when the next major opportunity is developing. In this interview, I explain what I’m watching and why the biggest opportunities often emerge when investor sentiment is at its weakest.
Charlotte and I discussed the following:
0:00 – Intro
0:18 – Gold, silver bear market
2:08 – Gold price to $3,100?
4:43 – Gold turnaround timeline
8:07 – Silver upside/downside
11:16 – Gold, silver stock outlook
13:51 – Stock market break point
16:28 – Bond yields to keep rising
19:02 – Fed, US midterm elections
22:16 – “We’re 100 percent in cash”
26:26 – Big move to end year?
27:36 – Outro
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