The Copper/Gold ratio has been easing since it dinged and dropped from the down trending 200 day moving average. In other words, for now Cu/Au has held its long-term downtrend intact but not yet aborted its post-March uptrend. All you happy macro reflation types had better be cheering for the good Doctor over the dour old man. We can see that in slipping below the SMA 50 today it’s getting close to failure.
Ah, FOMC week. Got to love the crosscurrents in play as the financial conspirators assemble and pretend they have decisions to make.
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