#Economy & #Stocks Review - Copper to Gold Ratio

E&S Review

Much of today's economic data, including officially collected and produced time series, is highly unreliable. Statisticians use well-documented techniques such as geometric smoothing, seasonal adjustments, substitution, double counting, and hedonic adjustments to modify economic outcomes dating back to the 1980s. Politicians and central bankers often leverage these techniques for political gain.

Data manipulated by these statistical methods are frequently revised without clear notification to the public, especially when administrations or public policies change.

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Copper to Gold Ratio

The copper-to-gold ratio, a key indicator of global economic sentiment, has dropped to 0.0015, its lowest level since March 2020, signaling growing fears about economic growth. This ratio, which measures how many pounds of copper one ounce of gold can buy, reflects copper’s role as a barometer of industrial activity and gold’s appeal as a safe haven during uncertainty. A declining ratio, where gold outperforms copper, indicates a “risk-off” mood and often precedes economic slowdowns. Similar lows were seen during the 2020 COVID-19 recession and the 2008 financial crisis, highlighting concerns about the current economic recovery.

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