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. Picture source: Nordea and Macrobond
U.S. 10-Year Yields vs. Copper Gold Ratio Great chart showing a strong correlation between U.S. 10-year yields and the copper/gold ratio. Picture source: 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. Picture source: 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. Picture source: 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. Picture source: Goehring & Rozencwajg
Hedge Fund Portfolio Density and Turnover Hedge fund portfolio density has steadly increased, and fund turnover has declined over the past decade. High concentration risk can lead to high losses and affect the financial system. Picture source: Goldman Sachs
