Bulls want to see this ratio moving higher, Copper tends to rise relative to gold as growth expectations improve ( sentiment), and Copper tends to fall as growth expectations fade ( sentiment)
The bad news for Bulls is that this ratio is diverging from the 10-year Treasury Yield. Treasury yields typically rise as confidence in the economy improves, and it tends to fall as growth expectations fade.
I would like to emphasize that the Bulls would need to see the 10-year Treasury Yield close the gap and move upwards. If it fails to do so, it could spell trouble quickly.
#copper #gold $GC_F $HG_F $TNX
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