Likely wrong but feel comfortable - Oh well, I'm long sgr, gold, silver and gold shares - well topped up. Hope this is of interest.

This chart looks the most impressive to me - commercials short 8-1 on the US$

haven't worked out what happens with that expansion of interest June 09, then collapse. In Euros and GB£ for example, the expansion/collapse shape is regular every few months - seems to tie in with change in direction of currency, but not always. On these other currency charts, that regular shape seems to have gone haywire since the autumn - the whole currency thing seems to be in large turmoil.

Checking figures, whilst gold down 15% in US$, it's only off 5% in GB£, and the global currency chart below, compared with gold in US$, looks interesting.