The big boys I track went short last Fall and Spring at much higher levels and actually started rolling over their positions to net long last week. Not sure who you are talking to, but I would recommend a re-evaluation of your recent short. IMO, at 10.22 you are facing high risk with limited reward. GLTY!
Hmmm, hedge funds have been shorting gold, but are wearing down the last day or two... the big banks have been long on gold... gold dealers have their gold vaults almost empty at this point. JP Morgan has written more paper on gold than they can deliver and the customers have been calling for delivery of gold not in the vault for 5 weeks now. -- You "call it"... i.e. "which big boys"?