Copper turns golden along with stocks

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-07-15 at 11:30:00 CDT

Copper is about to enjoy a Golden Cross as its 50-day moving average erases a large deficit against the 200-day average. This has rarely preceded meaningful trend changes, either in copper or in stocks. More than anything, it led to an increase in interest rates as bond prices declined, which was not a good sign for gold.

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