Chart, page-11083

I have also noticed the divergence especially since I hold both PLS and GXY. PLS bottomed in December with a higher low recently in which I increased my position while GXY has found a lower low this week which I see as a direct result of a much poorer quarterly comparatively. I am probably going to increase my holding in GXY again this week as I am starting to doubt it will fall much lower than $2. There is certainly more upside than downside risk building.