Gold’s explosive rally has stunned markets this year. Spot and Comex gold have breached $4,000 an ounce for the first time, marking a more than 50% surge year-to-date – the strongest rally since the 1970s.

Ya gotta love October. Silver finds fresh sky above 50 even as Gold takes a gut-punch from its new 4081 high, and the S&P at long last says “Goodbye!”

Gold is on pace for its best one-year rally in almost fifty years, so it’s only natural to say that the rally could use a rest — and it could. But gold is a tricky asset at times.

Effective September 30th, some 105000 Federal workers who had signed up for the Deferred Resignation Program were officially unemployed. So on top of even mild increases, numbers will look meaningfully "bad."

We discuss gold's historic surge past $4,000, the dollar's decline, and warn of looming economic crises and fiscal irresponsibility.