The copper-gold ratio chart is breaking down to multi-year lows, a potential warning sign for stocks given the disparate economic growth sensitivities between the metals. Correlation data between copper-gold and the 10-year also implies risk is to the downside for yields. pic.twitter.com/btXLEB5Ydd — Adam Turnquist, CMT (@adam_turnquist) May 11, 2023 Today’s Chart of the Day […]
Chart of the Day – Thursday, October 14th, 2021
When are they going to inflation adjust the penny? #copper #Breakout pic.twitter.com/DSpPQsj2o3 — Phillip Streible (@PStreible) October 14, 2021 Today’s Chart of the Day was shared by Phillip Streible (@PStreible). It’s a daily candlestick chart of Copper futures over the past eight months. Stocks rocketed higher today, but the real MVP was Copper. It’s up nearly 7% in the […]
Chart of the Day – Monday, April 26th, 2021
Ten year yield upturn here would make perfect technical sense. Pullback to ascending 50-day moving average after bearish divergence, just above Fibonacci support around 1.5%, RSI remains above 40. All the stars aligned…. now just need rates to go higher! pic.twitter.com/l0qMYg6jEC — David Keller, CMT (@DKellerCMT) April 26, 2021 Today’s Chart of the Day was […]
Chart of the Day – Monday, February 22nd, 2021
#rates #10year — Resistance? pic.twitter.com/El8mIkyujP — Nautilus Research (@NautilusCap) February 22, 2021 Today’s Chart of the Day was shared on Twitter by Nautilus Research (@NautilusCap). It’s a weekly bar chart of the US 10-year Treasury yield over the past decade. Nautilus Research points out that the 10-year yield is currently testing a key level around 1.35%-1.45%. This level represents the […]
Chart of the Day – Thursday, February 18th, 2021
Copper is at it's highest level since 2012. Remember, the copper to gold ratio has been saying higher rates were coming all year. Historically, stronger copper relative to gold is a sign of an improving economy and higher rates. pic.twitter.com/ibsl4VFBzw — Ryan Detrick, CMT (@RyanDetrick) February 18, 2021 Today’s Chart of the Day was shared on Twitter by […]