Re..HARJAY, what big money is doing there are 4 charts at this web site if some are interested.
Gold and Silver Disaggregated COT Report (DCOT) for April 5
Friday, April 05, 2013
https://www.gotgoldreport.com/2013/04/gold-and-silver-disaggregated-cot-report-dcot-for-april-5.html
HOUSTON -- This week’s Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday. Our recap of the changes in weekly positioning by the disaggregated trader classes, as compiled by the CFTC, is just below.
Update 1: Adds charts for gold and silver short positioning by Managed Money traders.
This week shows an important and dramatic change in the silver futures positioning.
Note: Spec Funds (Managed Money) have become net short silver futures as of this report. Note also the extremely low net short positioning of the Producer/Merchants for gold. The Producer Merchants, the category which includes bullion banks, have not had so few bets that gold would fall in price since the 2008 panic. That is the same thing as saying that the large commercial traders are currently the least fearful that gold prices will fall further since December 9, 2008, when they then held just 80,669 contracts net short with gold then near $776 the ounce.