Instead of being a new bull market starting, this is just an oversold bounce from the downtrend, ... The sharpest rallies occur in bear markets and right now, everybody is like a deer caught in the headlights.

Instead of being a new bull market starting, this is just an oversold bounce from the downtrend. The sharpest rallies occur in bear markets and right now, everybody is like a deer caught in the headlights.

Nobody can figure out what's going to happen with the market -- they're all guessing, ... Let's say CNN or Fox or MSNBC brings up a picture of a GI in a bad situation. The market takes a dip. Is that a fundamental or a technical move? No, it's a war-driven, live-video stream move, which means it's totally unpredictable.

I constantly hear the market can't keep going higher, that this advance has gone too far to fast and that a major decline is imminent. But every time I try to find an indicator to make me want to sell, I find something that makes me want to stay long and get longer instead.

Historically, there has been a bull market in commodities every 20 or 30 years.

We're in the throes of a protracted bull market.