Gold! Gold! Gold!

Mike Whitney says it's time to dust off the Brown-shirts and Jackboots as Big Business abandons Bush & Co:

The spiking gold market is a sure sign that the dollar is headed for the dumpster...

Gold had already doubled in less than a year when (two weeks ago) the bad news started to dribble in. Since then the news of America’s burgeoning trade deficit with China, China’s plan to move away from the weakening dollar, and finally, the saber-rattling over Iran, have the big-time investors scampering for the exits and gold prices headed through the ceiling.

Gold is the canary in the coalmine; it tells us when major investors see structural vulnerabilities in the system and begin to bail out.

All I can say is, it took them long enough to figure it out...