Gundlach and Year

gold: Gundlach believes in the predictive value of the ratio since copper HG00, 0.29% is sensitive to swings in the economy, while gold GC00, 0.29% climbs when investors get frightened, according to Market Watch. As the chart shows, copper is starting to climb relative to gold, which should imply that bond yields TMUBMUSD10Y, -0.22% will rise, meaning bonds will fall in value. Gundlach tracks the ratio of copper prices to gold. On Wednesday, the yield on the 10-year was little moved at 1.83%. This year it's dropped by 85 basis points. Ahead of the Federal Reserve meeting later Wednesday, Gundlach criticized Fed Chair Jerome Powell, saying most of what he has done this year has been bad and driven by bond market expectations more than need. Gundlach said during a webcast Tuesday night he sees long-term rates marching higher as recession risks recede, according to a CNBC report. (news.financializer.com). As reported in the news.