Copper/Gold ratio teases cyclical inflation bulls and bears alike, but… it’s going to break one way or the other soon enough.
If you value gold’s standing in relation to industrial metals as a key market/financial/economic indicator as I do, then you view the ongoing consolidation in the copper price to the gold price as a key indicator (among several NFTRH tools) going forward.
I cannot make the macro do what I want it to do, but I sure can be super interested in an indicator that has made several false moves to the positive and negative sides in 2021 as we head into a year of changes to come (one way or another) in 2022. Cu/Au is making less and less volatile spikes and drops as it is currently pinched between the converging daily SMA 50 and 200.
They call him Doctor Copper because in the post-2000 world of Inflation onDemand © 🙂 (as originally concocted by the Maestro himself, Alan Greenspan and expanded ever so maniacally by Ben Bernanke on through the current Fed regime), the cyclical economic doctor metal is a key foil to the counter-cyclical monetary historian metal. Continue reading "Copper/Gold Ratio At Epic Decision Point"