by Greg Guenthner
King Dollar is digging itself out of a shallow grave this week.
The zombie currency is smashing gold over the head with its shovel and the rest of the commodity world is following precious metals lower. Silver dropped nearly 4% yesterday. Crude hit the skids for the second straight day. As if that wasn’t enough action for us, stocks are also breaking down.
Just when you think you have something figured out, the market throws a wrench in your gears. I explained yesterday just how annoyingly difficult the market’s getting these days. Now we’re seeing some serious whipsaw action that could throw some of our biggest market themes to the dogs…
First up the almighty U.S. Dollar.