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Copper/Dow Ratio Signals Commodities Just Getting Started

From goldbroker.com

Earlier this month, we took a brief look at Copper's historic breakout. This week, we'll look at a couple more Copper charts that suggest the commodity boom (think "inflation") is just getting started. The first chart we'll look at is the ratio of Copper/Dow. When Copper is outperforming stocks, we've historically seen all commodities do very well, especially Gold and Silver. I have defined this chart as a very broad wedge, but the action inside the wedge is what's of interest. Note first the two double bottoms I've indicated - one at the turn of the century and the second forming between 2020-2024. The rise off ... (full story)

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  • Category: Technical Analysis