COT sell signal on precious metals

Alex Roslin at Kitco Commentary (link) gives a commitment of traders (COT) sell signal on gold and mining stocks. For novices, COT is sentiment indicator tracking the dispositions of various players in the futures markets.

>> from the linked article
My new bearish signals for gold, HUI and USERX are based on trading with the “smart money” commercial traders. These guys - the commodity producers with the best market intel in most (though not all) sectors - have just increased their net short position in gold futures and options to a historic extreme that in the past has signaled a good probability of a market turn. Some extra details on my gold and HUI setups are in the notes below.