by argentus maximus, TF Metals Report:
The POSX has surged through 85 today and looks to be on its way to 87+. Just more evidence that our current theme/idea of temporary deflation is, in fact, playing out.
Below is a 5-year chart of the POSX. Note that since this ” post-QE deflation” trend took hold, The Pig has rallied nearly 8% and, by getting through resistance just below 85, it looks set to continue rallying toward the 2010 highs between 87 and 89.
So what is so interesting about that? Do you recall what was happening in mid-2o10??
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