Just a little chart reminder for deflationists all huddled up on the port side of the boat... the trade is crowded.
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One day that line will be broken to the upside. But I expect that'll require either a major China collapse, or the bankruptcy of Deutschebank.
ReplyDeleteHow do you know such a thing?
DeleteOT: GLD MACD uncoiling perfectly, textbook style. Nice fat pop on GLD this morning. Release the hounds!
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