Euro feels like it's getting ready to crash the way gold just did overnight

Something's going on. I don't know what it is, but it just feels like something is going on. The big collapse in gold and metals overnight--which saw the CME halt trading, TWICE--seems like some kind of "canary in the coal mine" type of event.

The dollar is getting squeezed higher. It's been sort of relentless now for the past few weeks and it just seems to be intensifying.

I think the euro is getting ready to collapse. There is no, "harder to get" dynamic here, folks. Very shortly it seems like you're gonna be able to have all the euro you want, but NO ONE will want them that's the problem. (Or, bonanza, if you're short.)

Media coverage with respect to the euro has been quiet. Can you imagine the headlines when EURUSD breaks down below parity? (1:1.)

I think that's where it's going.

Euro headed back down again after Monday's SNB-driven gains

Well, the euro is slinking back down again. At the moment it's given back more than 60% of Monday's Swiss National Bank driven gains. Talk in the market was that the SNB was buying euro and selling Swiss on Monday and that affected all Swiss franc and euro crosses.

As an aside just consider what a bunch of morons are over there at the SNB. They put on a peg, they take off the peg causing disaster for themselves and dealers and now they're back intervening again? Seriously? Guys and ladies...MAKE UP YOUR MINDS!

I've said it a zillion times: how do these people get these jobs?

Anyway, euro headed lower. Will be choppy all the way down, but eventually--maybe by September--we'll see parity (1:1) against the dollar and further down after that.

Europe's got problems. You don't need me to tell you that. The only way for Europe to stay solvent is for net exports to continue growing and with austerity in the U.S. and with Japan and China competing with Germany for the same export markets, you're going to see price cuts/lower  prices and that is a de-facto devaluation in the euro.

#SellRallies