Gold is all about USD/YEN...draw the chart from 2015 and look what miners did when YEN rallied, and then when YEN crashed.
As an example look at Dec 15th 2016...that is the day gold bottomed and look at YEN/USD...
YEN is showing weakness in charts so for now gold is going lower with miners following. IMO those picking up shares here are taking an unnecessary risk. Once YEN turns, BUY without thinking.
I am flat of any trading positions at the moment."