Most of us certainly know that entire the gold stock sector is in the tank, but the encouraging excerpt below from Dr. Hussman's weekly comments indicate that the sector may be finally bottoming because he is a very good cycle trader of the gold mining sector and he only adds when the cycle has bottomed.

"The ratio of gold prices to the XAU is now nearly 10-to-1, which is close to a record high. Historically, gold stocks have been treated as having "insurance" features, and their negative correlation with other stocks was accompanied by premium valuation multiples. At present, many precious metals shares have higher yields than most S&P 500 stocks, and are also significantly depressed relative to gold prices, which suggests a relative margin of defense even if gold prices were to decline substantially. This sector still has substantial volatility, which is why our exposure in terms of net assets is not aggressive (though we would likely increase that exposure on significant economic weakness). Overall, we're comfortable shifting to a moderately higher exposure in this sector, recognizing that we may observe additional volatility as market conditions change."

http://hussmanfunds.com/wmc/wmc120423.htm