- Gundlach On Gold: “Something Big Is Happening… It’s Getting Exciting”
by Tyler Durden, https://www.zerohedge.com/
… Gundlach said that the next big move will likely be in gold prices which have broken their downtrend line, and are on the verge of breaking out to the upside. “It’s getting almost exciting… something big is happening,” he said cryptically.
He then revealed his target, saying that based on classic chart reading, an “explosive, potential energy” of a huge “head-and-shoulders bottom” base was signaling a move of $1,000 in gold prices, and added that “Gold is maintaining an upward pattern above its rising 200-day moving average, which is extremely good.”