An important caveat.
Couple important things here that I think support the case for an impending int term low:
1. I think that the HUI/GOLD ratio has or soon will put in a very important corrective bottom from the 2016 high, its very oversold and technicals IMO are on the verge of potentially turning up. I view this as bottoming action and its one "ingredient" of a potential key low soon.
2.
a weekly close above 80 last week in GSR, only have had 4 forays above that level in past couple decades and that has told us at least important intermediate term lows were not far away "time wise"