The spread between 10Y Treasury yields and the ratio of copper-to-gold has never been wider as the former signals recessionary economics (flattest curve since 2007) and the latter reflationary recovery (highest in 3 years)… so who is right?
Bond yields are sliding as Gundlach’s favorite signal (copper/gold) soars… implying 10Y over 3.01% (75bps higher than the current level!)
In fact, the gold-to-copper ratio is on the cusp of dipping beneath four for the first time since November 2014.
This post was published at Zero Hedge on Oct 16, 2017.
Follow on Twitter
Recent Comments