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.
