If gold simply 'hangs in there', the slam dunk next 12 months...

If gold simply 'hangs in there', the slam dunk next 12 months are gold stocks due to their massive cash flows.
Yet they've never been cheaper!

The XAU-Gold ratio (~15) is lower than the low of 2000 (~17) when the long bear market from 1980 to 2000 bottomed.
The market hates gold stocks more than at the end of a 20-yr bear market... UNREAL.

Technically, Stewart Thompson has noted the cup-and-handle formation of GDX on the weekly chart, the ETF for major gold producers.
He has a 100 price target, just under double current levels.

Rowingboat