Copper and gold (plus silver) may tell us all we need to know – Small Caps

Strictly speaking, gold and copper prices do not have any fundamental relationship with each other.
That dictum this week comes from the commodities team at ANZ Bank which then immediately went on to qualify.
That being said, they produce a good indicator of how the markets and interest rates, in particular, are doing.
While most of us have been fixated on the gold to silver ratio (of which there is more below), Daniel Hynes and Soni Kumari at ANZ have been watching the copper to gold ratio w…

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