Basically we should hope that the dispute between Trump and China escalates. Then gold buuuummmmm..........
But probably they will agree to talk for another 6 months.....US$ weaker.....interest rates US down, economy slowing down.....equity markets falling.
If only a few % of the liquidity goes into gold or gold mines than we will see also a P/E multiple extension and the current SP levels (for most goldies) will look ridicoulosly cheap.
However....let' s wait and see.