The Debts of the Spenders: The Dollar's Big Picture

The big picture on a WEEKLY chart. Looks like a giant head and shoulders pattern to me.

If so, then the commodity bull run has yet a way to go. (Not so much precious metals, e.g. gold and silver - but base metals such as copper, lead, iron, etc. and of course agriculture).

Oh, and energy. Hurricane season officially starts today (June 1) . For more on hurricanes:

http://www.aoml.noaa.gov/hrd/tcfaq/G1.html

As you can see in the image, June is historically light but the heavy season is in September (lots of spec's start lining up their bets towards the end of a sleepy August trading month).