Look at the correlation between Year over Year growth in the MZM Money Supply and Gold ($GOLD). MZM Money Supply is “Money with Zero Maturity”, or cash and cash equivalents.
So, these charts tell me that the change in the price of Gold is directly correlated to the change in the Cash the Fed is now printing. The more printing they do, the higher the price of gold will rise. Not exactly earth-shattering news, but now I have a chart that proves it to me and a method for tracking potential future changes in gold.
So, these charts tell me that the change in the price of Gold is directly correlated to the change in the Cash the Fed is now printing. The more printing they do, the higher the price of gold will rise. Not exactly earth-shattering news, but now I have a chart that proves it to me and a method for tracking potential future changes in gold.
No comments:
Post a Comment