Copper Allowed To Outperform Gold

Let's start by digging deeper into the long-term charts in Gold, Copper and US 10-year Yields.

Firstly with Gold:

Next, Copper:

Lastly, US10Y:

After recapping the old maps we have gained a perspective in the macro flows; it is clear that Gold is once again finding a strong bid and Copper is following as collateral. A bullish break up in Copper will allow the metal to outperform Gold in the short-term ,it will in turn put upward pressure on US Yields.

Highly recommend all to bookmark this chart as it will serve as a reference point in our end of cycle flows...for all those with questions and charts please feel free as usual to jump into the comments.

Thanks for keeping the likes and comments coming... all the best!