We all crave a market that trends persistently. Over the past six years, with all the insane interventions going on around the world, it's tough to secure a trend (particularly on the short side) that lasts more than a couple of trading sessions. But stand back, everyone, and take note of what commodities have done consistently for over FIVE MONTHS.

One can only imagine the billions of dollars lost along the way by people trying to “buy the dip”. It does my heart good to see so many bulls getting blown up. At least there's one segment of the global economy where bears dominate. God bless them.