If you recall, this is the same guy who predicted a great fall in silver to $6.60 at a very exact time.
As soon as that time came, by some fluke, the kitco graph messed up and went exactly to the price predicted.
I wait with much anticipation to the next great kitco prediction It was a GEI legendary moment.
Anyhow, this article over on market oracle discusses the same chart pattern prediction
http://www.marketoracle.co.uk/Article13102.html
"If the projected final [C] legs down in gold, silver, and the HUI are as severe as the charts may be telling us, the opportunity to buy low priced gold, silver, and precious metal shares will be extraordinary. This [C] leg down that I am describing will not be the beginning of a prolonged correction; it will be the end of a prolonged correction that began in March 2008."