Well, on the short-term at least copper is still trouncing gold as the ratio ticks a new recovery high today.
The long-term is not so impressive. So whee! We’re on a counter-trend cyclical relief bounce that, if it has the same intensity of previous post-commodity bubble (2003-2007) bounces could extend well into 2021. As yet, copper bulls seem rather muted to my ears. That’s positive if true.
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