Gold (not cyclical, less inflation-sensitive) vs. Copper (the metallic economic doctor)
Because it can be tiring looking at the Copper/Gold ratio every week, let’s flip it over to the counter-cyclical perspective. It’s the same story of a year-long consolidation that will eventually resolve one way, up (counter-cyclical, and counter the ‘good’ or cyclical inflation) or the other, down (cyclical inflation continues with a stable global economy).
I’ll continue to favor that Au/Cu is making a bottom; a long and oh so painstaking bottom.
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