Copper:Gold ratio's downward slide
With the continuous spectacular rally in gold, the copper:gold ratio has been on a downward slide for a while now. The number of consecutive days the copper:gold ratio has closed in the red has now reached 10.
When this happened in the past, copper had very bullish returns on a 3 month - 6 month time frame but the same couldn't be said about any other time frames, shorter or longer.
Whereas for gold, the 2 - 3 month forward returns were 100% bullish but tended to lose a lot of its gains on a 1 year time frame.
As for the copper:gold ratio itself, the ratio tended to keep falling over the coming year.