DANGER, WILL ROBINSON, DANGER!!!!

Gold had a spectacular day, there is no other way to put it. Almost a textbook type of up day. The yellow fella' closed up $17 to $926 on spot and actually hit $930 intraday. The reason for this great windfall was due to the dollar getting the stuffing kicked out of it once again. The world has realized what is going on and hyperinflation is thy name.

After a sluggish start, the stock market, smelling Ben's cut that is coming on Wednesday, also took off like a bat out of hell and closed up 175 points. Very impressive, indeed.

Oil, after being down over $1.50 closed up .30. Finally, due to the electricity problems in SA, Platinum was up $50 to close over $1725, another record high (this also helped to fuel gold).

So, let's see, gold, plat, oil, the market and commodities in general had a great day. Hmmm..am I forgetting something, did I miss anything? Oh yeah, the HUI was up 50 points on gold's breakout.

Ha..Ha..Ha..Ha..Ha..ha..guffaw...laugh..knee slap.

As said earlier, after being involved with gold for the last six years, I can honestly say this has been the shittiest performance I have ever seen by the gold stocks. The HUI up 6.5 on a day like this is a crime. I know, I know, it could be worse, the HUI could have been down.

But, AU to be down $1.50, when they said they will be up and running by the end of the week? Gold down $1.50; did they develop SA operations? There seems some bad news could be coming on this one. MFN, flat?

Ok, I have seen this show before. BACK IN MAY OF 2006, THE GOLD STOCKS WERE UNDER PERFORMING THE METAL. DAY AFTER DAY, THE METAL WAS MAKING NEW HIGHS WHILE THE STOCKS DID NOTHING. AFTER A FEW DAYS, THE METAL ABSOLUTELY CRASHED GOING FROM SLIGHTLY OVER $700 TO ABOUT $550. The crash was brutal and thankfully relatively short.

Now, I am not saying or even suggesting that this is going to happen now. In fact, I would be shocked if it did. I am just pointing out the gold stocks are not confirming the move in the metal. The stocks had every chance to rally today and they didn't. They have been acting drabby and under performing the metal for all of 2008. I will say I am concerned.

To make matters even worse, on Fast Money tonight, Jeff Macke, who on Friday said the metal was overbought, said it's a fact, gold is going to 1000. And in a real sign the apocalypse is coming, they were bulling the mining stocks. Guy Adami said nothing.

Yes,I know it's different this time. The dollar is almost in a free fall and we have Ben running the Fed and another interest rate cut coming on Wednesday, with either a .25 or .5o cut. Hmmm...maybe the gold stocks are telling us he is gong to do nothing.