Courtesy of Nick Laird of sharelynx.com in Australia:
The value of all the in-the-money call options, a huge position at $1,000 [over 15,000 Comex contracts] stands out like a sore thumb. If the bullion banks want to blast these guys out, so their options expire worthless, they're going to have to get the gold price below $1,000 by November 23rd... which is Comex options expiry. The 50-day moving average won't do anymore... as it's at $1,028 already... and to really do some real damage, da boyz would have to blast the price well below its 200-day moving average, which is $955 at this writing. Can they... or will they? Don't know. Both Ted Butler and I are waiting to see if they can pull this off. If they can, they're certainly leaving it to the last minute... which they've done before.

Translation: Gold is the enemy of the banksters being able to print money out of thin air. They MUST keep the price of gold down, or else the party is over. To keep the price down, they sell short contracts on the commodities exchanges. This forces the price down in the short run, BUT, if the price at the expiry date of the option is above the contract price, then the seller of the short contract (the bullion banks, unaffectionately known as "da boyz") has to deliver the gold if the buyer demands delivery. This is a huge risk to the bullion banks, BECAUSE THEY DON'T OWN THE GOLD THAT THEY HAVE CONTRACTED TO DELIVER.

Because of this, prior to the expiry date of November 23, da boyz may try to force the price of gold down to around $1000 to get themselves off of the hook.

BOTTOM LINE: Gold might take a big drop in the next few weeks, but if it does, the rebound should be just as dramatic. So hold on.