What the Gold/Copper Ratio is Saying

Gold and copper are diverging in significant fashion. Over the past three months, the SPDR Gold Shares (NYSEArca: GLD), the largest gold ETF by assets, is up more than 10% while the iPath Dow Jones-UBS Copper Total Return Sub-Index ETN (NYSEArca: JJC) is lower by 11.2%. Gold’s resurgence combined...
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