The best looking chart to me is copper vs TOTLL. Held the pattern.
I calculated the implied price of every commodity assuming it reverts to the ratio peak vs M2 or if there's a trendline, tags support (for M2 divded by commodity price). These are conservative targets because it does not assume any growth in M2 and assumes no pattern break. For trendlines, I went out to Dec 2026 (6 years), that's simply my default setting for charts. Not suggesting a timeframe. IF it gets there sooner on a trendline, the price would be higher.
Gold $2525
Silver $67
Palladium $4084
Platinum $4570
Copper $10.88
Caveat to all: ratios can be broken, as the palladium chart shows.
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