Monday, June 1, 2009

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:

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).
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