IKN

a plague o both your houses

Checking in on the Gold/Copper ratio

Back on August 28th on the blog, IKN’s copperygoldy message was as follows:
It’s important that copper moved up because the gold/copper ratio was getting to such an extreme point that it would crimp the upside potential of gold when the rally begins.  And the gold rally is about to begin. So get positioned.
And as the gold/copper ratio chart shows…
…the minor rally in copper has indeed allowed gold the space to improve inside the realms of logic.
Still, the trend remains clear; Gold’s the one to be on.

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