Golden Sky Minerals Corp V.AUEN

Alternate Symbol(s): LCKYF

Metals & Mining Gold

Golden Sky Minerals Corp. is a Canada-based junior grassroots explorer company. The Company is engaged in the acquisition, assessment, exploration, and development of mineral properties located in highly prospective areas and mining-friendly districts. Its mandate is to develop its portfolio of properties to the mineral resource stage through systematic exploration. Its drill-ready properties include Hotspot and Lucky Strike, both in Yukon, Canada. In addition, the drill-ready Rayfield Copper-Gold Property in southern British Columbia, and the staking of the Auden Property in Ontario, add to the Company's substantial early-stage Canadian property pipeline. The Hot Spot Property is located approximately 100 kilometers south of Dawson, Yukon. The Rayfield Property is located approximately 20 kilometers east of 70 Mile House, British Columbia, Canada. The Auden property lies at or near the boundary between the Wabigoon and the Quetico Sub provinces.

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Golden Sky Minerals Corp

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Post by BogdanJozwiakon Aug 17, 2018 3:18pm

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Post# 28479647

Are Interest Rates Peaking? Watch The Copper/Gold Ratio

If you spend time researching market relationships you can better understand money flows, rotation, and reasons why money flows rotate. This can be very helpful in identifying trend changes as well.

Today, we’ll look at the relationship between 10-year US Treasury Bond Yield (INDEXCBOE: TNX) and the ratio of Copper (NYSEARCA: JJC) to Gold (NYSE:GLD)).

Interest Rates Peaking?

Looking at the chart below, we can see that treasury yields and the Copper/Gold ratio tend to peak and bottom together – this has occurred several times over the past 5 years.

Currently, the 10 Year Yield is forming a bearish head and shoulders pattern (in red) at the same time that the Copper/Gold ratio is testing important support (point 1).

If the ratio breaks the support at point 1, it would send a message that interest rates might have peaked for the near-term. Pay attention here!

Treasury Yields vs Copper/Gold Ratio Chart