The interview centers on Clem Chambers arguing that precious metals are likely to dip first before a much larger long-run move higher, while also warning that the NASDAQ/AI trade is in the early stages of a bubble. He says silver and gold are still long-term bullish, but near-term price action could be painful and require patience and risk management.
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This video is an interview on Wall Street Bullion with Clem Chambers, introduced as CEO of Online Blockchain PLC and founder of the financial information website a newfn.com. The conversation opens with a bold long-run precious-metals call: the host says gold could eventually reach $10,000 an ounce and silver $200 an ounce, but Chambers immediately pivots to the idea that both metals may come down first rather than rally straight away. Chambers’ core thesis is that silver and gold are still structurally bullish over time, but the near-term setup is a pullback, not an immediate breakout. He specifically says gold could fall to around $3,500 and silver into the “40s” before consolidating and then resuming higher. …
Near term, the setup looks choppy for silver and gold rather than immediately explosive; he wants a deeper dip before reloading. Tactical opportunity is more in waiting for volatility to wash out than in chasing strength.
Over the next few months, his base case is a metals consolidation followed by a broader continuation of the bullish trend if inflationary forces remain intact. That view would weaken if volatility never cools or if the speculative crowd keeps pushing the trade higher without a reset.
Structurally, he sees a long inflationary regime driven by AI, energy investment, and re-shoring, which should favor hard assets over cash. The implication is that gold and silver remain strategic stores of value even if their path is volatile and cyclical.
Gold will correct down to around $3,500 and silver down to the $40s before the next leg up.
Speaker predicts a meaningful near-term pullback in precious metals before consolidation and eventual further upside.
There is a bubble in the NASDAQ that has only just begun and is not even in the middle yet.
Speaker argues the NASDAQ is in a speculative bubble comparable to the gold/silver run earlier this year, with further upside ahead but an eventual bust.
Gold will trade at $10,000 per ounce in the long run.
Speaker states this as a long-term certainty without offering specific macro or monetary reasoning.
Are we going to raise interest rates, stay the same, or go lower?
Clem argues the new Fed chief will be a Trump loyalist who will do what Trump wants — keep rates low and run the economy hot — regardless of public hawkish statements. He says anyone taking that job won't go against Trump's wishes.
For precious metals, where do you think we're heading right now? What do you think is happening for silver and gold?
Clem says gold will come down to around $3,500 and silver to the $40s, then consolidate before rallying again. He sees a dip coming and advises waiting for volatility to disappear before buying aggressively. Long-term he still expects gold at $10,000 and silver at $200.
Is there anything that's concerning you right now — debt levels, bonds, treasuries — that you have your eye on?
Clem says fear is a business model for others, but his model is buying cheap assets that will go up. He identifies a NASDAQ bubble that's just beginning and recommends small side bets on it. He emphasizes being economically active and warns that passive investors get crushed in inflationary environments.
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