here is a chart of NUGT and the volume looks like it is unusually large for this move and there is some positive divergence setting up on the MACD and RSI

below are a few charts that seem to show that some of the gold stocks are ready to move up at least for now...also gg was up 1cent in after hrs fri on vol of 2 mil, abx was up 7 cents in after hrs fri on vol of 2.4 mil and nem was up 9 cents in after hrs fri on vol of 1.3 mil

the $BPGDM began in feb 08 and below are 2 charts showing all of the history of it...

it made a serious low in dec 08 of zero and a low of 7 in may of 2012 and hence we've made a round trip back to 6 yesterday...

wouldn't that constitute a long signal in the near future?

the williams(28) is stuck at -100 for an extended period and it seems to me that the gdx would be packed with shorts

i don't have any data before 1975...but gold could stage a rally soon based on the seasonality of post election years

gold bull mrkt began in 2001, charts below show gold price, commercial cot net position, (notice GREEN in 2001), DSI (daily sentiment index for small traders)

red arrow denotes wkly close above jan high and green arrow denotes 1st week of july

the blue horizontal line on the COT commercials represents their current net position as of last report on feb 1(my bday)

all gains are as PERCENTS

year----gains from wkly cls above jan high---gain from 1st wk july

2001---------6.85--------------------------------15.24

2002--------26.40--------------------------------23.83

2003-------14.82---------------------------------22.83

2004--------5.41---------------------------------14.82

2005-------29.70---------------------------------35.4

2006-------25.92---------------------------------BLOW OFF TOP IN MAY

2007-------53.42---------------------------------57.9

2008-------CONSOLIDATION for 69 weeks

2009------23.62----------------------------------31.64

2010------21.37----------------------------------18.21

2011------34.02----------------------------------29.93--BLOW OFF TOP

2012------CONSOLIDATION for 77 weeks

2013-----yet to be determined CONSOLIDATION?? for 85 - 90 weeks maybe???

you can see how it worked in the past since the bull market in gold began, this idea comes from jake bernstein, got to give credit to where credit is due

following up on your table matt, here is the # of stocks that were on a BUY signal on the dates you have as enter/exit:

3/6 short entry had 12 on buy

5/17 short exit had 3 on buy, lost 9 stocks

5/17 long entry 3 on buy

6/3 long exit had 5 on buy, gained 2 stocks

6/22 short entry had 4 on buy

7/30 short exit had 4 on buy, no change

7/30 entry had 4 on buy

9/21 exit had 20 on buy, gain 16 stocks

10/12 short entry had 18 on buy

currently 6 are on a buy with a loss of 12 thus far