We’ve been warning of this day coming and it is getting perilously close. The gold price crashed over $3,900 this weekend. In five years the gold price has doubled. Over the past year it is up almost 50%.

We admit to being flummoxed by these strange developments.

Normally, a rising gold price is associated with widespread investor fear and panic, yet the surging price of gold has corresponded with record valuations in equities. Is this the canary in the dollar-decline coal mine?

We’re not sure, but we do believe that the best thing to calm global jitters right now would be a deep reduction in government spending. Meanwhile, Chucky Schumer has shut down the government to stop $1.5 trillion of spending cuts out of $80 trillion in outlays through 2035, or a measly 1.8% of expenditures.