Pomboy: Inflation Set to Surge; Precious Metals to Resume Rise (charts)

``Taking a look at the Gold relative to Net Commercial position chart, we find that the 22% bounce (same for 2005, 2008 bottoms) we highlighted late in July has resulted in a full snap-back into the (bullish) trend line.  As such, we should not be more than a week or so away from some sustained moves higher for both gold and silver. ''