Posted by sbaxman111 on 2nd of Nov 2017 at 11:52 am
The strength in Copper has the Gold/Copper ratio below
doing something it hasn’t done in a long time! The Gold/Doc
Copper ratio has remained inside of rising channel (1) for the past
decade. The ratio of late is now breaking below 10-year rising
support at (2).
When attempting to decide on what metals to own, this break
of 10-year rising support could be sending a very important
message to the metals market and could be sending an important
macro message as well.
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Kimble - Gold/Copper ratio
Posted by sbaxman111 on 2nd of Nov 2017 at 11:52 am
The strength in Copper has the Gold/Copper ratio below doing something it hasn’t done in a long time! The Gold/Doc Copper ratio has remained inside of rising channel (1) for the past decade. The ratio of late is now breaking below 10-year rising support at (2).
When attempting to decide on what metals to own, this break of 10-year rising support could be sending a very important message to the metals market and could be sending an important macro message as well.