Copper/Gold ratio maintains sideways trend
Unfortunately, the tin hat wing of the Goldbug-O-Sphere cannot blame a discrete “attack” on the poor beleaguered monetary metal for its sharp decline (seemingly out of nowhere) this morning. The whole of the inflation trades are getting whacked as the US dollar holds its 50 day average (for now, at least) and copper, palladium, platinum and much of the rest of the inflation trades are taking hits to varying degrees.
But the trend for the Copper/Gold ratio on this first trading day of 2022 remains… well, you know. We’ll let it play out and along with its market indicating fellows, guide us effectively to the Q1 2022 macro.
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