Gold Price12 Apr 2018 22:42
"Gold is negatively correlated with the dollar. We see that gold broke above its downtrend line. But now we see a massive base building in gold. Massive. It's a four-year [or] five-year base in gold. If we break above this resistance line one can expect gold to go up by, like, a thousand dollars.
Will it happen? Well it's not happening right now, but it's a very interesting juncture. It's a great time to be buying gold straddles. Because one way or the other, this baby's got to break in a big way.
Nice snippet from Doug Kass.