The trusty Copper/Gold Ratio

As I revisit this post about the Copper/Gold Ratio from May 2022,

Today, I write…..

The Copper/Gold Ratio tends to lead changes of direction when relating it to U.S. 10 year interest rates.

This week the Copper/Gold Ratio traded down to 2.5 standard deviations below its weekly mean and touched its 200 weekly moving average.

To boot, the Copper price itself, registered a Weekly Oversold reading and a negative 2.5 standard deviations ‘extreme’. 

Now, I expect the prices on this chart to converge.

Meaning, the Copper price rises and 10 year bond yields decline a little more. There is slightly more emphasis on the latter.

July 3, 2022
by Rob Zdravevski
rob@karriasset.com.au