Gundlach On Gold: "Something Big Is Happening... It's Getting Exciting"
Gundlach, the CEO of Doubleline, 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”.
Based on classic chart reading, he showed an "explosive, potential energy" of a huge "head-and-shoulders bottom" base was signaling a move of $1,000 in gold prices...
Compared to the cryptocurrency market, the gold market seems much "tamer". However, the gold market is much more important to the general economy. So a move of $1,000 in gold prices would be a big deal...
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