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Best Day for Dr. Copper

July 8, 2025

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Something funny happened today…

Copper just logged its best single-day gain in history.

And it’s doing so right in the middle of a trade war.

Big one-day moves like this usually mean one of two things:

A blow-off top at the end of a trend, or an initiation thrust at the beginning of something much bigger.

So which is it?

Well, copper is breaking out to new all-time highs, completing a 14-year base.

Sound familiar?

That’s exactly what gold did last year before its explosive rally.

And guess what? Copper and gold tend to move together.

Gold leads. Then copper follows. That’s how these cycles work.

When both are trending higher, it says a lot about the underlying strength of the broader commodities market.

So if copper’s really gearing up for a new leg higher, what’s the confirmation?

That's where the Copper/Gold ratio comes into play.

This ratio is a key barometer for risk appetite and economic strength.

Every time it’s dropped to these levels over the past 16 years, buyers have stepped in.

And if copper is truly ready to start a new uptrend… I can’t think of a more logical place for it to begin outperforming gold than right here.

Let’s see if it follows through.

Alfonso


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