The David Lin Report · Monday, June 29, 2026
Clem Chambers suggests that gold could drop to $3,500 per ounce, and advises investors to begin dollar-cost averaging rather than making large lump-sum purchases at that level. He believes that once gold reaches this price point, it will likely trade sideways.
“Gold at 3 1/2 thousand, I'll start itching. And I'll probably start scratching when it comes to gold. I'll just DCA in.”
“Now, the way that people tend to do things, and I do it, and I've done it for 30 years, and made a lot of money, is I go, "Oh, I like that. Bang!" And I buy it. Where really, one should actually just watch these things, and then make a decision.”
“And, you know, it's like, if gold goes down to 3 and 1/2 thousand dollars an ounce, which it could do, it could go lower. Why not, rather than go plunge? Why not just start buying it bit by bit, you know? Buy 50 grand a month, or something. You know, why go why plunge?”