Save Manufacturing Cycle
Manufacturing cycle comprises of inventory replenishment and de-stocking. Copper/gold ratio and ISM manufacturing new orders show that every manufacturing cycle takes about 3 to 4 years. During downward movement, there might be an EM crisis, while during every upward movement, emerging market booms.
US ISM Manufacturing Purchasing Managers Index (L)2021-0859.90
NYMEX Copper Price / NYMEX Gold Price (YoY, R)0.00