Long term he's extremely bullish as he thinks dollar hegemony as the only real reserve currency is doomed.
Short term he thinks gold is due for a bigger correction and the only thing keeping it above $1500 is that ever week we get some crazy thing. This week it was the attack on Saudi oil infrastructure. He thinks if it weren't for the downward pull of a correction that gold should have jumped on this news.
I don't agree, but we'll see. I think there are big buyers who are trying to get in and are buying whenever gold gets under $1500 and so are supporting the price. In the past this kind of buying has provided good support up until when they have bought all they want. Then there is a big, quick drop. Or, something comes along and makes others want to buy above the support line and the price continues up.
We'll see.
MontyHigh