Jeff Clark: Why This Gold Bull Market Is Repeating the 1970s (Not 2011)

Jeff Clark of The Gold Advisor shares his strongly bullish outlook on gold and mining stocks. He compares the current bull market to the powerful 1970s rally rather than the steadier 2011 move, discusses expected Fed rate cuts, recommends a 20% physical gold allocation, and highlights M&A opportunities for high-quality assets.

• The current gold bull market is approximately two years old (breaking out in late February 2024) and resembles the strong 1970s bull market more than the steadier 2011 rally; Clark expects it to last at least another two years, possibly longer due to ongoing crises.
• The Federal Reserve is likely to cut rates before the end of 2026 if recession risks rise, which would be positive for gold as real interest rates become more favorable.
• Jeff Clark recommends allocating around 20% of portfolios to physical gold as insurance against financial instability and currency depreciation.
• Major gold producers are actively seeking ounces through acquisitions, creating significant M&A potential and upside for high-quality development and producing assets.
• Clark’s largest personal investments in 2025 include Pacifica Silver, A2 Gold, and the more speculative Stallion Uranium.