Another ratio or spread to watch for SPX buying signals
September 25, 2022 Leave a comment
In early July 2022, the Copper/Gold Ratio registered its 7th weekly oversold reading within 12 years.
This occasion coincides with a notable low, or at least safer, longer term buying opportunity in stocks…..or as the chart below implies, in the S&P 500 Index.
In other posts I have mentioned how the monitoring of this ratio is also helpful in tracking the direction of interest rates.
In the meantime, I’ll watch if the Copper/Gold ratio re-visits the oversold region in the coming 3-8 weeks.
September 25, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 