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Daily Report : What the copper/gold ratio is suggesting about market potential

Jason Goepfert
2024-10-28
The ratio between copper and gold has plunged to another multi-year low. Theoretically, this suggests investors' anxiety about economic healthy, but practically, it hasn't been very useful. Other drops in the ratio tended to precede rising stock markets. It was a better predictor of gains in copper over the following few months.
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Headlines

What the copper/gold ratio is suggesting about market potential: The ratio between copper and gold has plunged to another multi-year low. Theoretically, this suggests investors' anxiety about economic healthy, but practically, it hasn't been very useful. Other drops in the ratio tended to precede rising stock markets. It was a better predictor of gains in copper over the following few months.

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Research

What the copper/gold ratio is suggesting about market potential

By Jason Goepfert

BOTTOM LINE
The ratio between copper and gold has plunged to another multi-year low. Theoretically, this suggests investors' anxiety about economic healthy, but practically, it hasn't been very useful. Other drops in the ratio tended to precede rising stock markets. It was a better predictor of gains in copper over the following few months.

FORECAST / TIMEFRAME
None

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