comex future contracts have been in a reaccumulation pattern for a couple years, with a wide range. the volume spread analysis and general price action points to bullish accumulation of comex positions. if gold moves the miners will move with force. if you want extra alpha buy miners, and stay out of the futures space, unless your writing contracts. their is no added value in taking on time risk in futures markets, when you can get the leverage by holding miners. natrually its best to wait for a pullback, which appears to be underway.