collapseThe real question is not when will the Global Economic Crash occur, but are you prepared for this crash that destroys all fiat paper wealth and currencies throughout the world and brings in the moment time has been waiting for- and the establishment of a new one world currency?

GoldCore: Gold Spot Prices SeasonalGiven the confluence of still elevated geopolitical, systemic and monetary risks,  we are bullish as we enter the seasonal ‘sweet spot’ for gold in the November, December, January and February time frame prior to Indian festivals and Chinese New Year demand.
Gold looks quite strong and appears to have bottomed during the summer – this is especially the case in euros, pounds and even more so in currencies such as the New Zealand dollar and the Australian dollar.

monster-boxes silverBill Holter joins the SGTReport for this late October precious metals and global economic implosion update:
The money worldwide is FAKE.  Gold is, has been and always will be REAL money.  Gold is God’s money.  That’s what this is about.  This is about forcing the population of the world to us FAKE money and the REAL money is being accumulated
The reality is the world is broke.  The world is bankrupt… Silver is a no brainer.  Silver is the cheapest ASSET on the planet.

Massive shortsToday, we had the open interest in silver rose by an astounding 6281 contracts up to 176,038  as silver was up 43 cents with respect to Wednesday’s trading.   The total OI for gold rose by 3743 contracts to 470,523 contracts as gold was up $10.40 yesterday.
With huge OI increases no wonder we witnessed a massive raid by the bankers as they try and cover their non backed shorts.

There is a line drawn in the sand.   At the LBMA conference in Vienna this week, analysts’ consensus was for lower gold prices, with some major houses even talking gold down as far as $900 (BNP Paribas – 2017 average). This suggests that they are prepared to ride short positions, though they will obviously trade round them. Given that their shorts are not excessive at the moment, there is unlikely to be a concerted effort to move prices lower – yet.
The danger to the bullion banks is either their shorts become worryingly large from here, or alternatively they change their mind about the bearish outlook.