I have great respect for this serious and good “long term” analyst, he does note that the majority of gold bulls are out of this market (bullcers) and they have  lost the climb from January.

He uses a method(momentum analysys) which seems very effective in understanding the trend changes before they occur on the charts.
From the minute 15:20
http://www.voiceamerica.com/episode/92409/china-and-russia-are-launching-a-giant-gold-bull-market