The Copper/Gold ratio is saying something. That something is that a cyclical, pro-inflation and thus pro-economic reflation metal shown earlier, remaining nominally positive on a down market day has, in relation to gold, taken out two important moving averages (daily SMA 50 & SMA 200) and is currently riding the short-term EMA 20 upward. RSI and MACD are positive. Copper: Pro-cyclical inflation, pro-reflation, pro-economy. Gold: Counter-cyclical, monetary, with inflationary utility. Given the right circumstances (like desperate monetary and fiscal policy), which are in play on the wider macro, gold will probably do ... (full story)