DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.

Veteran investor Clem Chambers, known for his unflinching takes on financial markets, says the correction in gold and silver is almost done and a powerful new rally could be on the horizon.

After warning in May that the selloff had further to run, Chambers now believes the metals are nearing a key bottom that will open the door to the next major uptrend.

According to Chambers, gold may find its floor near $3,500 an ounce while silver could bottom between $40 and $50 before embarking on their next leg higher.

These forecasts come after a brutal slide that saw gold retreat to around the $4,000 level from January’s record near $5,600 and silver crash by more than half from above $120 earlier this year.

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“It was a bubble rally, and they always pull back a long way,” Chambers told Kitco News. “Everybody believes the bubble until it bursts, and they keep believing all the way back down. That’s the tragedy of bubbles.”

The ADVFN founder described his silver outlook bluntly: “Fifty is the roof of the basement, forty is the floor of the basement.” For gold, he expects about $3,500, maybe slightly lower, as a realistic landing point before the next long-term upswing takes shape.

Chambers said he is preparing to start “stacking” once again—slowly building positions in physical metals like gold, silver, platinum, and palladium through dollar-cost averaging.

“I will start itching under fifty, and I will start thinking about picking up some bars,” he explained. However, he isn’t betting on an immediate rocket move upward. Instead, he envisions months, possibly years, of sideways action before markets regain real momentum.

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His take on why the metals fell diverges sharply from the mainstream narrative about Federal Reserve policy. “Gold goes up before a war. Gold is for war, because it’s a currency during war,” he said.

As threats of global conflicts cool—particularly the easing of tensions between China and Taiwan earlier this year—he believes one of gold’s primary drivers faded as well.

That geopolitical view doesn’t dismiss other pressures. Gold’s decline has coincided with a more hawkish tone from Fed Chair Kevin Warsh and rising U.S. real yields, both major headwinds for an asset that offers no income. While Western investors have liquidated holdings, Asian buyers and central banks kept accumulating gold. The People’s Bank of China, for instance, extended its buying streak to 20 consecutive months in June, showing sustained demand for physical supply.

Looking longer term, Chambers is confident the metals’ next surge will come on the back of renewed inflation. “We’re about to go into a seriously inflationary period,” he stated, arguing that the artificial intelligence revolution and reshoring of Western manufacturing will require massive spending and monetary expansion. He believes that money printing, necessary to finance such investments, will ultimately debase fiat currencies and push investors toward hard assets once again.

For small investors already holding silver, Chambers offered a hard truth about liquidity. “It was down 80% of the screen price, 70% of the screen price,” he said, referring to what dealers were offering during the selloff. “Nobody wanted to buy it at the top of the market” because of fear they’d get stuck with metal instantly losing value. He called it a “choked pipeline” that underscores the challenge of unloading physical holdings during panics.

His advice was simple but critical: always plan your exit before you buy. “Get your exit sorted,” Chambers said. “You don’t have to sell, but always know how you’re going to sell.”

Beyond precious metals, Chambers sees other opportunities forming—particularly in technology infrastructure rather than flashy AI models. The debut of a low-cost Chinese AI, Moonshot Kimi K3, grabbed headlines, but he remains focused on the underlying components: chips, memory, and energy. “The models are the tip of the iceberg,” he noted. “AI will boil the oceans, and it runs on electricity. China has 250% more energy generation than America. AI is energy.”

Chambers has been selectively buying undervalued UK tech firms, many of which are being snapped up by well-funded American acquirers. He expressed skepticism that Prime Minister Andy Burnham’s new government will quickly reverse the heavy taxation and regulatory policies that have weakened London’s markets. “Nvidia is worth more than all the British stocks put together,” he said candidly. “Hopefully he can turn it around, but I’m not holding my breath.”

For investors sitting on losses, Chambers had tough but constructive words: markets reward education and discipline, not emotion. “If you FOMO’d into it, that was a mistake. Learn the lesson,” he said. “It’s a skill game. You need to study, and you need to work at it.”

Despite today’s volatility, Chambers sees immense opportunity for active, savvy traders who keep their heads clear and act decisively. “The quick and the smart and the hardworking and the active will do extremely well,” he said. “The passive, the scared, that’s not going to be good for them.”

Gold and silver may not yet be flashing green lights, but in Chambers’ view, the countdown to buy is already in motion. For disciplined investors who can wait out the noise, the next great metals bull run may be much closer than most think.

DISCLAIMER: GoldInvestors.news is not a registered investment, legal or tax advisor or broker/dealer. All investment/financial opinions expressed by GoldInvestors.news are from the personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur.