"For those of you who buy and hold, sleep well my friends and know that your decision is a wise one into the year 2020; gold and silver however will have a very long and bumpy road ahead! Lastly, the "true" Bull Run you all wait for is not just yet, the general markets will first correct."

FWIW, my interpretation about what he said.

1) The bottom is in and we will have a bull market in gold from here into the year 2020.

2) By setting a lower low in gold in April, it suddenly turned out we were still working through the D decline instead of completing the B wave, which was supposed to set us up for the big C wave. So from this D-decline bottom where we are now, we should first get an A wave up, then the B down/sideways and then, finally enter the C wave. So add another 6 (?) months for the C-wave to start. The general markets will probably start correcting this summer. I just hope we have a nice recovery of gold and silver and the mining shares before that. How gold, silver and the mining shares would react to a general market decline is a question mark for me.