The Copper:Gold Ratio Is One of the Untold Wonders of Market Analysis & Here’s What It’s Saying | Metals Mine

  • The Copper:Gold Ratio Is One of the Untold Wonders of Market Analysis & Here’s What It’s Saying

    From munknee.com

    Copper is an industrial metal. Demand increases during periods when economic output is rising. Gold is a store of value with limited industrial applications. These differing uses of the metals have allowed the CGR to act as an accurate barometer of global growth. The Copper:Gold ratio (CGR) is calculated by dividing the market price of copper by the market price of gold. • A declining copper:gold ratio shows a weakening economy, while a rising ratio shows a strengthening economy. • The secret to understanding this ratio is not its current value, however. What’s much more important is the directional trend of ... (full story)

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SurfsUp
Jun 14, 2019 1:23pm
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Interesting read, but I feel it is misleading of late. It seems in the period this article states the CGR is declining - indicating a weakening economy - we have continued to see some strong economic results (at least in US). Perhaps economic challenges globally are having a growing contribution over time.
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GoldGrilz
Jun 15, 2019 9:49am
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Quoting SurfsUp
Interesting read, but I feel it is misleading of late. It seems in the period this article states the CGR is declining - indicating a weakening economy - we have continued to see some strong economic results (at least in US). Perhaps economic challenges globally are having a growing contribution over time.
Good pt! He must be talking bout the gobal economy tho! Intriguing strength indicator(s) nonetheless...
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Metallurgy
Jun 14, 2019 5:28pm
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Copper - the unsung hero?
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