Keyword: gold ratio

Copper to Gold Ratio The copper to gold ratio provides useful information on the evolution of the U.S. 10-year Treasury, the ISM Non-Manufacturing Index and the average weekly hours worked. Image: Paolo Cardena

Copper to Gold Ratio and Conference Board Leading Economic Index (LEI) When the copper-to-gold ratio decreases, it is an early warning signal for the economy, meaning that growth optimism is fading. Image: Wells Fargo Investment Institute

Copper to Gold Ratio and U.S. 10-Year Treasury Yield The chart suggests that the correlation between the copper/gold ratio and the US 10-year Treasury yield is still valid. Image: Nordea and Macrobond

U.S. 10-Year Yields vs. Copper To Gold Ratio Great chart showing a strong correlation between U.S. 10-year yields and the copper to gold ratio. Image: Nordea and Macrobond

The Gold to Oil Ratio since 1985 When the gold to oil ratio approaches 30x, oil is undervalued. When it approaches 10x, gold is undervalued. Image: Goehring & Rozencwajg

Utilities-to-Gold & Silver Mining Stocks Ratio Since 1990 S&P 500 Utility Sector to Philadelphia Gold and Silver Index hits all-time high. Image: Crescat Capital LLC

The Gold to Oil Ratio since 2018 When the gold to oil ratio approaches 30x, oil is undervalued. When the gold to oil ratio approaches 10x, gold is undervalued. Today, the gold-oil ratio is below 20x. So, neither oil nor gold is undervalued nor overvalued relative to each other. Image: Goehring & Rozencwajg

Core Inflation and Average Trailing S&P 500 P/E Ratio In periods of low inflation, the P/E ratio is higher. Conversely, high inflation tends to depress the P/E ratio. Image: Goldman Sachs Global Investment Research

Strong vs. Weak Balance Sheet Stocks Forward P/E Ratio and CCC/BB OAS Ratio Quality in U.S. credit and equity markets is very expensive. Image: Goldman Sachs Global Investment Research