Gold has fallen all year with no bottom in; he expects a capitulation phase targeting a 50% retracement on GLD down around the 300 level.

Using GLD for more price history, the host sees a 50% retracement toward the 300 level, more downside first, and then a move back up in the long-term cycle.

Long-term he is very bullish on gold: after the 50% retracement completes, he expects a strong move to new highs within six to twelve months.

Gold has fallen all year with no bottom in; he expects a capitulation phase targeting a 50% retracement on GLD down around the 300 level.

Using GLD for more price history, the host sees a 50% retracement toward the 300 level, more downside first, and then a move back up in the long-term cycle.

Long-term he is very bullish on gold: after the 50% retracement completes, he expects a strong move to new highs within six to twelve months.

Gold's bottom is not in; he expects a capitulation phase targeting a 50% retracement to around GLD $300.

Long-term very bullish on gold with a strong move up after this correction, but new highs are six to twelve months away.

The host says gold is in a very big bear market with the trend down and lower highs; the bottom is not in and gold longs will keep getting their faces ripped off.

Gold's two-year bull has exhausted its energy; he expects a 1–2 year correction phase with a typical 50% retracement, putting GLD around 300, though he remains long-term bullish toward 10,000+ on gold.

Short-term he expects a 1–2 year correction, but over the next 10 years he sees gold reaching 10,000+ once the energy-building phase completes.

He argues gold's two-year bull run has exhausted its energy and is entering a 1–2 year time-phase correction, typically a 50% retracement, with GLD possibly heading toward 300.