The Copper/Gold Ratio is touching the lower end of 2.5 standard deviations below its weekly mean. Probability suggests in the near-term shorter term interest rates rise. If yields rise, that means bond prices fall. That implies a ‘long’ trap. i.e. be careful buying bonds at these ‘shorter’ extremes. March 16, 2023 by Rob Zdravevski rob@karriasset.com.au