Copper-Gold Reflects Inflation News

Copper-gold is up today, or down when shown inversely like below. Inflation trades are being bid up following the CPI report. It showed inflation is picking up in the wrong areas and that headline numbers could keep rising. I'm not buying the move though, I still think this is the end phase of the inflation hysteria for now. I'm not adding, but remain short FCX for now. I remain heavily long gold miners, which are up today. I remain heavily short Nasdaq-related stocks, which are/were down today. Unless something changes, I don't think higher inflation will be good for tech stocks.