Date, stock price, book value per share, price to book ratio. The copper gold ratio indicates the number of ounces of gold it takes to buy an ounce of copper. The ratio is an indicator of the health of the global economy. In 1792, the goldsilver price ratio was fixed by law in the united states at 15. This pattern would dovetail nicely with the idea of a reversal in the goldcopper ratio and an improvement in the world economy. Gold silver ratio n a moving measurement of the amount of silver one can buy with a fixed amount of gold. Graph and download economic data for global price of copper pcoppusdm from jan 1990 to mar 2020 about copper, metals, world, and price. Western copper and gold price to book ratio 20072019 wrn.
Jeffrey gundlach noted in early 2017 that this ratio is highly correlated with the 10year treasury yield. It tells you how many barrels of oil you can buy with one ounce of gold. It also encouraged traders to book some profits in existing long. On the other hand, a failure to reverse from here opens the door for the goldcopper ratio to surge another 50 %. We discuss the role of silver investing in todays chaotic global economy, fiat currencies, another high made with the goldsilver ratio of 100 which has peaked two times before and what this. Following the downgrade itself, the djia had one of its worst days in history and fell 635. Gold to silver ratio 100 year historical chart macrotrends. If silver were to rise to bring the goldtosilver ratio back to its longterm average, the silver price must. The upper chart plots the price of gold in dollars per troy ounce gold line, left axis and the price of.
Fcx stock quote, history, news and other vital information to help you with your stock trading and investing. Like the claim that silver traders cook the books with naked. Typically in the western world the gold to silver ratio is measured by simply dividing the gold spot price by the silver spot price. The beta rotation fund is new with no operating history and there can be. What we do know is that with the goldtocopper ratio at 458, it is well above the 26year mean of 371 and median of 363. A surge in the coppergold ratio, then, bodes well for growth, which can nudge inflation and lead central bankers to raise interest rates, which tends to damp bond prices and boost yields. Is the gold to silver ratio a predictive tool which can help increase your. An announcement that china is looking to ban copper scrap imports, coupled with higher than expected mine depletion, strong demand. Goldsilver ratio reaches high with david morgan youtube.
Im referring to the goldcopper price ratio a relationship that has. Ratio trading got a lot of attention during the big hunt brothers short squeeze in 1980. The primary reason the ratio is followed is because gold and. Copper to gold ratio updated historical chart longtermtrends. This was the case during the mayaugust period this year, as the above chart shows. Western copper and gold corpora wrn valuation measures. Historic gold silver ratio gold vs silver ratio history. Historical gold silver ratio long term and now sd bullion. Over 30 years of price data and 10 years of quarterly fundamental data. The following content and historic data are directly sourced from the book called silver. Heres why the coppergold ratio is a key economic indicator phil streible of rjo futures says gold and copper are the first markets he checks every morning. Indepth view of key statistics and finances for western copper and gold corporation wrn on msn money. Find out all the key statistics for western copper and gold corpora wrn, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Given the ratios lengthy history why hasnt a math student proven a positive correlation.
Gold, silver and copper coins from all over the world circulated freely in what would. My research reveals that this broad range has existed and held for thousands of years, from ancient egypt to ancient rome to the byzantine empire to the 20th21st century. When the coppergold ratio is rising its incredibly suggestive that. Gold to oil ratio historical chart this interactive chart tracks the ratio of the price of gold per ounce over the price of west texas intermediate wti crude oil per barrel. Western copper and gold pricebook ratio historical data. Wrn research and analysis for western copper and gold.
The average goldsilver price ratio during the 20th century, however, was 47. Heres why the coppergold ratio is a key economic indicator. Welcome to youtube s most compelling investing channel. Silver may be used as an investment like other precious metals. What does current goldtocopper ratio mean for future. This is also the first recorded measurement of the lower value of silver in comparison to gold. The coppersilver ratio has had a range from below 0.
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