History Shines Unfavorably on Stretched Copper - Gold setting records may make more sense than copper, given deflationary forces in China. The last two year-ends at similar stretched conditions were 2010 and 2021; copper fell 21% in 2011 and 14% in 2022. From 2003-05, copper was more extended, yet accompanied by rising CGB yields. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t73qumkgctg3 {BI COMD} #copper #technicalanalysis #china #copper #technicalanalysis #china @BBGIntelligence(Mike McGlone)