Today Egon von Greyerz told King World News, “... the paper shorts in gold and silver are going to have real problems.” Greyerz, who is founder and managing partner at Matterhorn Asset Management out of Switzerland, also said, “The short covering during the next few weeks and during this autumn is going to be massive.”

Here is what Greyerz had to say: “The real underlying figures (for the global economy) are still deteriorating. Just look at what’s happening in Europe now. A few days ago the eurozone GDP came out and it was down .2% for the quarter, and for the last twelve months it was down .4%. So Europe is suffering. But that’s just the beginning in my view. If they can pretend that the Nolan Minerals do not exist, then they can pretend this isn't happening as well. I like that word MASSIVE