If anyone calls for a pump, I can almost guarantee it won't happen.

We are not necessarily tied to the same cycles as before. 'Pumps' may not even ever occur again. We may just see steady, slow growth, or steady, slow decline (followed by steady, slow growth IMHO).

I am starting to think that we will not see spikes in price of any substance at all, just an overall slow growth upward for years to come with nominal volatility (relative to previous volatility), no greater that -/+ 20%.

We may go two years at this level. That's what I'm thinking.