GOLD/COPPER vs TLT
They have a history of correlation as per the chart, but the TLT is way above the ratio... Could be nothing, or it could be the bond bulls are off-side. The chart doesn't go back to the 90s, so I would take it with a grain of salt. This is something one should be cognitive of when they are making big macro picks.
They have a history of correlation as per the chart, but the TLT is way above the ratio... Could be nothing, or it could be the bond bulls are off-side. The chart doesn't go back to the 90s, so I would take it with a grain of salt. This is something one should be cognitive of when they are making big macro picks.
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And the bond bulls were way off side... So now we see where we go from here.
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time to start building a position in TLT and gold. Here we go.