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The Markets Unplugged Education and Media Limited

The Copper/Gold Ratio Is Slipping — And That’s the Signal Nobody’s Ready For

  • Oz by Oz
    Oz Oz
    Full on Technical Analysis wizard and financial tech specialist. Demonstrates his TA craft on the podcast and YouTube. Loves Manchester United. Favourite player is Francesco Totti.
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  • April 22, 2025
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  • 2 min read
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The Copper/Gold Ratio Is Slipping — And That’s the Signal Nobody’s Ready For
Steven Gerrard's infamous slip against Chelsea in 2014, a pivotal moment in Liverpool’s title race. Image credit: Sky Sports.
  • Macro Heat

Both copper and gold are climbing. But the Copper/Gold ratio? Quietly bleeding. That may seem like a contradiction — until you understand what this ratio actually tells us. It’s not just a commodities chart. It’s one of the cleanest macro thermometers we have for systemic tension, liquidity conditions, and the bond market’s next move.

And right now, that tension is building — not resolving.


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Oz Oz
Full on Technical Analysis wizard and financial tech specialist. Demonstrates his TA craft on the podcast and YouTube. Loves Manchester United. Favourite player is Francesco Totti.
  • Website
  • X
Oz Oz
Full on Technical Analysis wizard and financial tech specialist. Demonstrates his TA craft on the podcast and YouTube. Loves Manchester United. Favourite player is Francesco Totti.
  • Website
  • X
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