The Copper Gold Ratio is Sending a Massive Warning to the Economy (here's what that means)
In the midst of other major warnings, here comes another substantial one. Copper has moved way past its supply squeezed record high from just two months ago and is now crashing. At the same time, gold is reaching new heights. The copper to gold ratio therefore just dropped to its lowest since...November 2020. Taking a deeper look at what all this means. Eurodollar University's Money & Macro AnalysisEURODOLLAR UNIVERSITY'S LIVESTREAM NEXT TUESDAY, 7/23 btw 6 - 8 pm ETEURODOLLAR UNIVERSITY'S ANNIVERSARY SALE:https://www.eurodollar.universityBloomberg China’s Unusually Large Copper Stockpiles Fuel Demand Concernshttps://www.bloomberg.com/news/articles/2024-06-05/china-s-unusually-large-copper-stockpiles-fuel-demand-concernsBloomberg Gold Slips From Record High as Traders Ponder Bet on Fed Pivothttps://www.bloomberg.com/news/articles/2024-07-17/gold-holds-at-record-high-as-rate-cut-bets-fuel-demand-rushhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU