Warming up to coffee given the historical tendency for downside to abate when the two year RoC (i.e,. price momentum) reaches the -55% level, as it is now. This is in contrast to our ardent bearishness on the product dating…...
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Here’s the updated silver analog chart below. Amazingly, it has been fulfilled nearly perfectly since we originally pointed it out as a reason to be short and/or avoid the PM complex all together. That was done all the way back…...
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