mining · sound money ratio
copper miners (copx) in gold
current spot ratio
0.0211
denominated in gold oz
1-day change
+1.07%
30-day change
+3.46%
30-day range
0.0195 - 0.0226
sound money analysis & perspective
global x copper miners (copx) priced in gold. useful for reading the industrial metal cycle against monetary gold: rising ratio often marks expanding global growth and capex; falling ratio marks risk-off or copper surplus while gold absorbs liquidity. this chart is unique because copper-miner dollar indices mix growth, china credit, and dollar strength. copx-in-gold is the substitute-free link between industrial equity risk and hard money.