Copper:gold ratio chart is a reflection of industrial metals versus precious metals. Since industrial metals are so important to any recovery, the chart moves up in good economic times (green bars), but as worries enter the economy and people prefer owning some gold to reduce their fear, the chart moves downwards (red bars). The ratio bottomed in early 2009 to lead the way up for the broad markets.
The April 2010 top marked the end of QE1. The February 2011 top was the end of QE2. Currently, price drifts lower testing the channel's lower rail as the globe remains in a funk. Note that the 2009-2010 happiness was due to stimulus. The current ratio price is below when QE2 was announced in August 2010. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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