“Now we are in a downward cycle. Guess three times what will happen next - a growth cycle, ”he said in an interview with Investing News. “We just don't know when it will happen, how big it will be, and what price point it will start at. But you have to be ready now.”
A US Fed reversal could be a catalyst for gold and silver, and Clarke said it could happen relatively soon - since the 1950s, the average time between the last Fed rate hike and the first Fed rate cut was only five months. “This tells us that they are likely to raise rates one or two more times,” he explained. “But in a couple of months, they will probably have to change course and cut rates again. This will be extremely positive for many assets, but especially for gold, silver and mining stocks.”
Overall, his message to investors was to use today's decline in prices as an opportunity to buy assets. "It's a second chance, that's how I see it," Clarke said. “You can buy any stock that you didn’t buy before, any stock that you bought, but they may be too weak to recover from all this, there may be other stocks that you want to own - so this is your second chance to buy it all now.