Stocks vs. Public Debt May Matter for Gold/Copper A primary reason the gold/copper ratio could continue declining in 2H is because it went up too much to its peak near 914 in 1Q. It may take a top in a rapidly rising US stock market vs. public debt for ounces of gold vs. pounds of copper to stop falling. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tj8n24rkv2tn {BI COMD} #copper #gold #stockmarket @Bloomberg(Mike McGlone)