The copper-gold ratio is only 0.0015 left, and I am really about to see a ghost.

I have been watching the market for more than ten years, and this number has only appeared in 2008 and March 2020, and now it is the third time, and it is lower than the previous two.
What concept?
A ton of copper can only be exchanged for 1.5 ounces of gold, and copper is no longer an industrial metal, it is simply scrap metal. Gold has been soaring all the way, and the central bank and local tyrants can't grab it.

The market has been shouting "soft landing", "AI saving copper", and "China stimulating" for half a year, all of which have been ruthlessly slapped in the face.
Copper inventory bursts, Chinese real estate unfinished, and orders from European and American factories were canceled, and copper prices were directly pressed to the ground.

What about Bitcoin?
From 108K to early 8, retail investors liquidated one after another, the open position of contracts was cut in half, and spot ETFs continued to have net outflows.
I am too familiar with this scene, exactly the same as at the end of 2018 and November 2022, where copper and gold hit the bottom first, and then risk assets were buried.

But here's the point.
Every time the copper-gold ratio falls to this position, there are only two paths behind:
1. The world is really doomed (the probability is very low, the central bank will not let it happen)
2. Copper prices skyrocketed, and Bitcoin flew with them

Historical data is brutal:

In the past five times, the copper-gold ratio has been below 0.0016, with an average increase of 67% for copper and an average increase of more than 8 times for Bitcoin after 12 months.
There are no exceptions.
Now copper is so cheap that even miners are scolding it, and gold is so expensive that even Indian aunts dare not buy it.
This kind of extreme wrongdoing usually does not last more than half a year.

I don't know exactly what day the bottom is, but I know that if it goes down, the marginal return will be ridiculously high.

Lao Qian doesn't buy Bitcoin now, they are quietly accumulating physical copper, copper mining stocks, and even directly locking up next year's copper futures.

Because they know:
On the day copper comes back, Bitcoin will rise 10 times first.
Whether you are afraid or greedy, the market will not wait for you to figure it out.
The copper-gold ratio of 0.0015 has already said the word:
Either wait for death together, or eat meat together.

Now it is most suitable for ambushing Musk's little golden dog P~U~P~P~I~E~S🐶🐶, who has a strong community

(If you want to keep an eye on the real-time ratio, go directly to TradingView and type HG1!/GC1!!) That's it.)
#美聯儲降息預測 #比特幣活躍度走高 #十二月行情展望 #加密市場回暖 #加密市場觀察
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