Self-sufficiency is the greatest of all wealth. - Epicurus
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Stock Market Bulls Hope Copper/Gold Ratio Holds Support!
Macro indicators can help investors better understand what’s happening within the broader economy. And this often spills over into the stock market. The Copper/Gold ratio is one such indicator. And it’s near an important crossroads. In the chart below, you can see that the Copper/Gold ratio has been in a downtrend since early 2018. And this ratio and interest rates are also correlated – note the big downturn in interest rates over the past year. When this ratio (and interest rates) are falling, that’s typically not a good sign for the economy and stock market. And after the bearish reversal lower at (1) in ... (full story)