Copper now up to US$2.19, good close for the week up 5c, if it repeats we will be over US$2.50 in about a month. Would be happy with it at US$2.50 by Dec 31 2016.
By the way I found this site that shows Copper/gold Ratio, but im not a very scientific person and im finding it hard to figure out, could someone please analyse this for me in laymans terms.
Gold is what US$1330 and Copper is US$2.19.
So whats the 0.14 ratio they mean?
The chart below shows pretty steady pattern, does this mean copper price follows gold?
Im a huge gold bull so if gold goes to say $2k, should copper also climb?
cheers guys, please explain this chart to me in laymans terms. http://www.infomine.com/investment/price-ratios/copper-gold/1-year/
AVB Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
