COPPER/GOLD RATIO CROSSES 1000-DAY SMA — THE BASE-METAL REFLATION TELL LANDS BEFORE THE CYCLE-TURN OFFICIALLY BEGINS.

Sminston With (@sminston_with, 47K followers, engineering PhD) posted the signal Monday morning: “Copper/gold ratio has definitely made a positive turn — having just crossed its 1000-day SMA — and it would suggest a bull may be coming sooner than everyone expects a la 4-year magic.” The copper/gold ratio is the classic reflation-vs-deflation macro dial. Copper rises when industrial production is expected to expand. Gold rises when monetary conditions are expected to loosen or the reserve currency to weaken. The ratio’s 1000-day SMA is the long-cycle trend line — crossing it flags a regime change, not a data point. The Fundamentalist read: base metals are cyclical and priced from a supply that DOES respond. Bitcoin’s cap is 21 million and doesn’t. Every reflation tell is a signal to allocate to the asset that captures monetary expansion without diluting it. Copper cycles ahead of the base. The hardest money cycles alongside it — with a cap the base metals don’t have.