zerohedge.com / Via Dana Lyons’ Tumblr / Dec 1, 2016 2:51 PM
Industrial metals are attempting to mangle their relations downtrend contra changed metals; that has historically been good news for a economy and stocks.
There are few improved illustrations of a post-election trade, so far, than a dichotomy between industrial metals and changed metals. The painting is generally clear when mixing a opening of a 2 groups into a singular cost series. And while it seems that many folks on financial amicable media have taken to a use of gratuitously lumping 2 clearly manifold bonds into a incomprehensible ratio chart, in this box there might be some merit. First, however, take a demeanour during how a ratio between a SP GSCI Industrial Metals Index and a SP GSCI Precious Metals Index is attack a potentially vicious connection right now.
Specifically, a ratio has radically been in a forward triangle given 2009. That is, a Industrial Metals have been creation reduce highs and plane lows contra changed metals. In a required singular emanate chart, this settlement would lift disastrous connotations, i.e., it would advise a expected contingent relapse next a lows. If that same interpretation binds here, afterwards Industrial