Episode Details
Back to Episodes
Copper-Gold Ratio Surges, Signaling Crypto Bull Run
Description
The copper-to-gold ratio has surged 25% from recent lows, breaking above its 200-day moving average for the first time since September 2020. This move has historically signaled the start of Bitcoin bull runs, like in 2013, 2017, and 2021. The ratio is currently at 0.00142, with copper at $6.65 per pound and gold near $4,700 per ounce. Analysts suggest this could indicate a strong crypto rally. The ratio, which tracks economic momentum and investor risk appetite, has a slightly negative correlation with Bitcoin (-0.11), but its strengthening, as it did before Bitcoins biggest surges. Historically, this ratio has led Bitcoin by weeks or months, suggesting were catching the wave early. Keep an eye on these metals, as they could set the pace for cryptos next big move.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/a46e3eb20aff7cf1