Long-term bull markets usually end in a parabolic rise. The chart above basically divides these bull markets into the relatively flat 8 to 12 year pre-parabolic phase and the 2 to 6 year parabolic rise. As the chart clearly shows, the current gold market is nowhere near the end phase of a historic bubble. In fact, it looks to be just now getting cranked up for that.
His own take pretty much squares with mine. Gold has yet to enter the parabolic rise of an all-out bubble, but it's getting primed for one. It's still advancing despite it being "unbelievably high."