ECONOMIST'S EDGE
Gold, Copper, and Oil: Dancing to Different Drummers
Gold, Copper, and Oil: Dancing to Different Drummers
By Bluford Putnam, Ph.D., Chief Economist, CME Group and Member of the JPMCC’s Research Council
In this report, the author delves into the longer-term forces of financial panic, disruptive technology, and trade protectionism to understand why the correlation structure among key commodities may occasionally diverge sharply from its longer-term pattern only to return eventually back to form.
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