Markets
What to know (or not, I’m not your boss):
- So, the copper-to-gold ratio is up 25% from its lows. Big whoop. Apparently, it’s like Bitcoin’s annoying little brother, always showing up weeks or months late to the party. Early stages? More like early bird special at the buffet of uncertainty.
- Correlation between Bitcoin and this ratio is -0.11. Thrilling. It’s like two people at a party who barely acknowledge each other but somehow end up in the same Uber home. Relationship “strengthening”? Sure, Jan.
- Oh, and this ratio has “historically led Bitcoin.” Great. Another predictor that’s about as reliable as my ex’s promises to call back. Early stages? More like early stages of a headache.
The copper-to-gold ratio broke its 200-day moving average. For the first time since 2020. You know, the year we all wish we could forget. Coincided with Bitcoin bull markets? Sure, and I coincided with eating too much takeout that year. What’s your point?
Ratio’s at 0.00142. Copper’s $6.65, gold’s $4,700. Who’s keeping track? Not me. But apparently, in 2013, 2017, and 2021, this ratio surge aligned with Bitcoin gains. So, what? Should I start hoarding copper pipes now?
Correlation coefficient’s -0.11. Rebounded from -1.00. Wow, what a comeback story. Not. Relationship “beginning to strengthen”? More like beginning to bore me to tears. Historically, it’s moved toward 1.0 during Bitcoin’s bull runs. Historically, I’ve also moved toward the fridge during commercials.
Negative reading? Thanks, Captain Obvious. Reflects the “earlier divergence phase.” Right, when the ratio was falling and Bitcoin was tanking faster than my New Year’s resolutions. As the ratio recovers, the relationship “converges.” Or, you know, maybe it just doesn’t care.
Copper-to-gold ratio leads Bitcoin by weeks to months. Early stages? More like early stages of me losing interest in this entire conversation.
Apparently, this ratio is a “gauge of economic momentum and investor risk appetite.” Copper’s tied to industrial demand, gold’s for the scaredy-cats. Rising ratio means risk-on environment. Or, you know, it could just mean people are buying more copper pipes for their DIY projects. Who knows?
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2026-05-13 15:29