Copper:Gold ratio's downward slide

Troy Bombardia
2020-07-31
With the continuous spectacular rally in gold, the copper:gold ratio has been on a downward slide for a while now.

With the continuous spectacular rally in gold, the copper:gold ratio has been on a downward slide for a while now. The number of consecutive days the copper:gold ratio has closed in the red has now reached 10. 

When this happened in the past, copper had very bullish returns on a 3 month - 6 month time frame but the same couldn't be said about any other time frames, shorter or longer.

Whereas for gold, the 2 - 3 month forward returns were 100% bullish but tended to lose a lot of its gains on a 1 year time frame.

As for the copper:gold ratio itself, the ratio tended to keep falling over the coming year. 

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