Some may not be aware of the importance of lumber price movements.
Basically lumber rocketed like nobody's business, then crashed (>50% correction) pretty quickly. This post is not an analysis of why lumber prices rose so crazily. Viewers will need to do some background reading.
The collapse was the worst seen since 1978 . That's something to chew on. In...
A rising gold-lumber ratio has historically been a good indicator for risk-off moves in equities.
Gold is attempting to break out of its downtrend with lumber that has been in place since March 2020.
Lumber prices have certainly been distorted by lockdown related supply/demand issues, but this is something to keep your eyes on.