Today 05:48 PM#30756
The Gold Miners Bullish Percent Index ($BPGDM) is a gauge of overbought and oversold conditions for the gold mining sector. It is a breadth indicator based on the number of stocks with Point & Figure buy signals (a Point & Figure chart emphasizes strong moves while ignoring small ones) within this index.
The index can take value between 0 and 100, 0 meaning extremely oversold conditions and 100 meaning extremely overbought conditions. There were only a few times when the index moved to 0 and there was only one time when it moved to 100 (before the current situation).