Doc Copper and Gold have both done well this year. Doc Copper has been the stronger of the two, reflected in the chart below-
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The strength in Doc Copper has the Copper/Gold ratio below doing something it hasn’t done in a long time!
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The Doc Copper/Gold ratio has remained inside of rising channel (1) for the past decade. The ratio of late is now breaking below 10-year rising support at (2).
When attempting to decide on what metals to own, this break of 10-year rising support could be sending a very important message to the metals market and could be sending an important macro message as well.
Why you see chart pattern analysis with brief commentary: There is a ton of news and opinions around markets and assets that make the decision-making process more difficult than it needs to be. I believe the Power of the chart Pattern provides all you need to see what is taking place in an asset and determine the action to take. This approach has worked well for me and our clients and I encourage you to test it for yourself.
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