The U.S. dollar counter-trend rally is over and a resumption of the secular bear market is under way. This and geopolitical news out of the Middle East are the fuel for a run to $600.

Anyone still not yet on board the secular bull market in precious metals are being left in the dust.

This has been the strongest rally we've had since the bear market started. There continues to be good demand for stocks. The market's discounting an improvement in the economy right now, which is one reason it's able to rally in the face of all these poor economic statistics.

The little bear-market rally we saw earlier and yesterday just ran out of buyers.

The sharp rally on Wall Street is filtering through the currency market and lifting the U.S. dollar.

A weakening dollar is a trend we see continuing.