Copper/gold ratio

With copper exploding higher this morning (HGU7 up 8.25 cents to 281.19 ), and treasuries under  a bit of pressure, it’s worth taking a look at the ratio Gundlach frequently mentions. 
 
Copper/gold ratio is approaching the year’s high, now .224 vs high .23 in January.  At the same time, the bond contract has now traded through the 50% retrace of the last 2 week rally.

Posted on July 26, 2017 at 4:57 am by alexmanzara · Permalink
In: Eurodollar Options

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