If you take the % drop that happened in 1980, when it fell from $875 t0 $550, I come up with $1250/
AFTER GOLD BOTTOMED THE GOLD STOCKS TOOK OFF TO NEW ALL TIME HIGHS.
In that case, gold 1250, AUY will be 7 plus/minus. But-- gold is 17 months into a correction that will be coming to an end in the next 2-12 months, so hang on. G