The planets are aligning for a big move in Gold & Silver

Key facts that are likely to see the precious metals move in a big way soon:

Goldman Sachs is now NET LONG gold on TOCOM after being heavily net short for the better part of 2 ½ years.

All the traditional gold shorts on the TOCOM have reduced their net shorts to very low levels.

The FOMC meeting is Oct 28-29 when they will very likely drop FED funds rate by 0.5%.
There is a massive build up of COMEX gold CALL options in the DEC contract that outnumber PUTS by 1.7 to 1. The option expiry is Nov 20.

There are rumors of such a high delivery demand in the DEC COMEX contract that there is a high risk of default.

There is a G8 summit in New York Nov 15 to discuss plans to reform the international financial/monetary system; references are even being made to having the discipline of Bretton Woods. What ever the outcome it is sure that the dollar will not retain its supremacy. That will mean a lot of countries are holding too many dollars!