Gold’s Correlation with US Money Supply, National Debt, Commodities, Currencies, and Central Bank Balance Sheets

Gold has a very strong correlation with the US National Debt, with a correlation coefficient of 91.2%.

goldnationaldebtcorrelation

Gold has a very strong correlation with Silver, with a correlation coefficient of 89.2%.

gldslvcorrelation

Gold has a very strong correlation with the Real US Money Supply, with a correlation coefficient of 88.6%.

goldrmscorrelation

Gold has a modestly strong correlation with TLT (US Treasury ETF), with a correlation coefficient of 74.7%.

gldtltcorrelation

Gold has a modest correlation with WTI Crude Oil, with a correlation coefficient of 59.2%.

goldoilcorrelation

Gold has a surprisingly low correlation with GDX (gold mining stock ETF), with a correlation coefficient of 36.2%. This could indicate that gold mining stocks are extremely undervalued.

gldgdxcorrelation

Gold has a very low correlation with the Dow Jones Industrial Average, with a correlation coefficient of 23.8%.

glddjiacorrelation

Gold’s strongest fiat currency correlation by far is with the Swiss Franc. Gold currently has a correlation coefficient with the Swiss Franc of 91.1%.

goldchfcorrelation

Gold’s second strongest fiat currency correlation is with the Australian Dollar, with a correlation coefficient of 86%.

goldaudcorrelation

Gold’s third strongest fiat currency correlation is with the Japanese Yen, with a correlation coefficient of 81%.

goldyencorrelationGold’s fourth strongest fiat currency correlation is with the Canadian Dollar, with a correlation coefficient of 70.5%.

goldcadcorrelation

Gold’s correlation with the Euro is very low at only 15.2%.

goldeurocorrelation

Gold’s strongest correlation by far is with the balance sheet of the European Central Bank, with a Gold / ECB Total Asset correlation coefficient of 94.7%.

goldecbcorrelation

Gold’s correlation coefficient with the Federal Reserve’s balance sheet/total assets is also high at 81.6%.

goldfedcorrelation

Gold’s correlation coefficient with the Bank of Japan’s balance sheet/total assets is very low in comparison at only 31%.

goldbojcorrelation

Gold’s Top 3 extremely strong correlations are with the European Central Bank (ECB) Balance Sheet, U.S. National Debt, and Swiss Franc. With the ECB getting ready to expand its balance sheet to record levels, the White House projecting the U.S. National Debt to grow by nearly $7 trillion over the next 10 years, and the Swiss National Bank recently deciding that it will no longer print Swiss Franc to prop up the Euro and U.S. Dollar – Gold’s Top 3 correlations are about to rise significantly higher. In NIA’s opinion, this makes an upward explosion in gold prices a 100% sure thing!

goldcorrelationcomplete

Share this must read gold correlation report with your friends

Comments 1,126

  1. I’ll right away grab your rss as I can’t find your email subscription link or newsletter service. Do you have any? Please let me know in order that I could subscribe. Thanks.

  2. Excellent blog! Do you have any recommendations for aspiring
    writers? I’m hoping to start my own site soon but I’m a little lost on everything.
    Would you advise starting with a free platform like
    Wordpress or go for a paid option? There are
    so many options out there that I’m totally confused ..
    Any recommendations? Thank you!

  3. I know this web site presents quality depending articles and
    other information, is there any other website which provides these information in quality?

  4. I found your blog website on google and verify a number of of your early posts. Proceed to keep up the very good operate. I just further up your RSS feed to my MSN Information Reader. Seeking forward to reading more from you later on!…

  5. By working contests, holding activities, sharing interesting content, hashtagging, including spots to
    your posts, and remaining connected with your followers,
    you can have a well-known Instagram account that assists generate income.

  6. Constructing on its heritage of keeping customers knowledge safe and non-public, BlackBerry turned to
    Instagram as 1 of many electronic marketing methods to generate recognition all around the company’s initial Android device, PRIV.

  7. If you want to increase the quantity of followers for your
    uploaded images, it is needed that you stick to other Instagram
    users.

  8. Keep track of the relevance of your Instagram hashtags with Nitrogram ,
    the Instagram analytics and engagement system that provides crucial metrics on hashtags such as contributors, material, engagement and
    context.

  9. I wish to do away with some scarring on my experience… I’m wondering if it operates
    and what kinds of scarring (as in red marks or also heavy scars)Yes, there are really powerful laser light treatments for acne scars.

  10. I don’t even knpw how I ended up here, but I thought this post was great.
    I do not know who you arre but certainly you’re going to a famous blogger if youu aren’t already 😉 Cheers!

  11. Thank you for sharing superb informations. Your web-site is very cool. I’m impressed by the details that you’ve on this site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found simply the information I already searched everywhere and just couldn’t come across. What an ideal website.

  12. You’re so cool! I do not believe I’ve truly read something like that
    before. So good to find someone with a few unique thoughts
    on this subject matter. Seriously.. many thanks for starting this up.
    This web site is something that’s needed on the web, someone with some originality!

  13. Thanks for another informative website. Where else could I get that type of info written in such an ideal way? I have a project that I am just now working on, and I’ve been on the look out for such info.

  14. Because the title indicates On-the- Place Acne Therapy is not most ineffective being a spot-treatment, utilized overnight to
    diminish swelling and redness in active blemishes.

  15. Definitely imagine that that you said. Your favorite justification appeared to be on the internet the easiest factor to be aware of. I say to you, I definitely get annoyed whilst other people think about issues that they plainly do not recognise about. You controlled to hit the nail upon the highest and also defined out the entire thing without having side effect , people can take a signal. Will likely be again to get more. Thanks

  16. Superb blog! Do you have any helpful hints for aspiring writers?
    I’m hoping to start my own blog soon but I’m a
    little lost on everything. Would you advise starting with a free platform like WordPress or
    go for a paid option? There are so many options out there that
    I’m completely overwhelmed .. Any recommendations?
    Bless you!

  17. I’m impressed, I ought to say. Definitely hardly ever do I encounter a blog that is both educative and entertaining, and let me tell you, you have hit the nail on the head. Your idea is outstanding; the concern is one thing that not enough men and women are speaking intelligently about. I’m quite content that I stumbled across this in my search for some thing relating to this.

  18. FreeFileSync is a totally free Open Source program
    that synchronizes data and folders for Windows, Linux as well
    as Mac OS X. The program has a user friendly graphical interface with a number
    of synchronization options.

  19. For example, they could be a clairvoyant that uses Tarot card while also taking a peek at an astrological graph before
    taping them completely in their heads and supplying what they have received
    to the individual that is having the psychic reading.

  20. Heya i’m for the first time here. I came
    across this board and I find It really useful & it helped me out a lot.
    I hope to give something back and aid others like you helped me.

  21. Do you have a spam problem on this website; I also am a blogger, and I was wondering your situation; many of us have developed some nice practices and we are looking to swap strategies with other folks, why not shoot me an e-mail if interested.

  22. I’m truly enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Great work!

  23. Good site! I truly love how it is simple on my eyes and the data are well written. I’m wondering how I could be notified whenever a new post has been made. I have subscribed to your feed which must do the trick! Have a great day!

  24. Today, I went to the beach with my kids. I found a sea shell and
    gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her
    ear and screamed. There was a hermit crab inside
    and it pinched her ear. She never wants to go back!

    LoL I know this is totally off topic but I had to
    tell someone!

  25. I just want to tell you that I am newbie to weblog and really savored you’re page. Probably I’m want to bookmark your site . You actually come with good article content. Thank you for sharing your blog site.

  26. Preparing for work, I quickly uncover that every thing in my wardrobe matches a couple of classifications: the clothing either make the
    midsection instructor glaringly, laughably noticeable (chopped Shirts are a difficult
    pass) or provide its results totally clear.

  27. Worn out wheels did not have rims as well as tires, however
    new ones do. The new garment is no where near or much like the traditional corsets People reefer to the current waist instructors
    as bodice just due to an absence of a far better summary.

  28. You will find some interesting points in time in this post but I do not know if I see all of them center to heart. There’s some validity but I will take hold opinion till I appear into it further. Beneficial post , thanks and we want far more!

  29. Invest the the guidance fond of you within the above guide,
    you will start the procedure of becoming educated in currency trading and forex currency trading methods.

  30. The simplest way to find the pro advisory is by choosing those forex pro advisory softwares
    which employs both long run methods and the short run.

  31. Elderly investors also realize, after striving every trading
    technique out-there, that simple systems are the best methods and after years of experience.

  32. The principal motive The Foreign Exchange Market exists is
    to help international trade and expenditure giving organizations the capacity
    to convert one currency into another.

  33. As such; you need to ensure that you obtain the appropriate information about
    a given nation whose currency you need to trade’s inflation rate.

  34. It is difficult for an automatic program to cope with unexpected and essential points in trading and also this isn’t a mt4 problem.

  35. I have screened numerous EA, commercial, noncommercial and
    particularly my own personal EAs based on ALL KINDS of Principles and Trading Systems, forwardtested
    and backtested.

  36. Forex Formulation trading system is different as it
    is not 100% than different trading system that’s obtainable in the marketplace today computerized
    program.

  37. Forex stock investing is just a 2.5 billion pounds everyday business and
    it is bigger than most of the trading and investing in the world combined.

  38. Currency trading techniques make by assisting a dealer more innovative and
    comfortable For making proper measurements concerning the marketplace, him.

  39. Subscribe to the Free eCourse on Forex Trading of John Eather maintain with all the latest information concerning Computerized Trading
    to date.

  40. We have no information about cash you are exchanging with or even the amount of risk’s level you’re acquiring with each industry.

  41. The currency pair that should be obtained or distributed
    at is determined by these packages A given point by alerts that are
    standard in time.

  42. The large 4: EUR/USD, GBP/USD, USD/JPY and USD/CHF
    will be the most liquid couples that provide the most effective volatility and hence chance for the forex day-trader.

  43. Thanks for one’s marvelous posting! I genuinely enjoyed reading it, you may be a
    great author.I will remember to bookmark your
    blog and will come back from now on. I want to encourage that you continue
    your great writing, have a nice evening!

  44. You will learn to establish trading options, how to occasion the marketplace (aka smart betting), when to
    get earnings or shut a trade.

  45. Additionally we will host a Live Research Webinar after your work to the class together with an optional Instruction Contact to discuss your relevance.

  46. We are a group of volunteers and starting a new scheme in our
    community. Your website offered us with useful information to work on. You’ve performed an impressive
    job and our entire group can be thankful to you.

  47. This is very attention-grabbing, You are an excessively professional blogger.
    I have joined your rss feed and sit up for seeking more
    of your great post. Also, I have shared your site in my social
    networks

  48. Look first at their underwear – turn it inside out, and then look at it and
    smell it. When a man suffers with the impotence he is not
    able to achieve the erection or sustain the erection for the long time during the sexual intercourse.
    The tablet has been referred to as a miracle medicine one too many times, but we have
    to confess that when compared to the previous impotence treatments it is far more
    effective, very fast working, and sensibly priced.

  49. Forex Tracer, Raptor, and Forex Autopilot, are a few best and strongly suggested computerized trading application available in the
    marketplace.

  50. Typically, oils and crewams are produced from herbs, nutrients, amino acids aand other natural ingredients.

    Acetyl L carnitine works to boost the immune system, thus reducing the ability for
    harmful bacteria to take hold and cause penile health
    problems. If it does not, do nnot worry ‘ for the
    donuts can be massages and ironed out once you have lost the penis extender.

  51. My partner and I stumbled over here coming from a different website and thought
    I should check things out. I like what I see so i am just
    following you. Look forward to going over your web page yet again.

  52. Howdy! This article could not be written any better!
    Looking at this article reminds me of my previous roommate!
    He continually kept preaching about this. I most certainly will send this information to him.
    Pretty sure he’s going to have a very good read. Thanks for sharing!

  53. Among the ways that are many economically sound to get a Forex pro
    is always to get yourself an agent that makes utilization of Forex programs Or Metatrader.

  54. We have no expertise to the degree of money you are exchanging with or even the amount of possibility you are currently
    acquiring with each business.

  55. Forex alerts enable the trader achieve a decision, on whether to accomplish a trade, giving the
    trader sign or an indication about expected currency pair actions.

  56. Many brokers with indicators have several to choose from, in order to move for the indication you
    imagine provides the results that are most effective.

  57. Guidelines and details of behavior based career interviews
    that were organized career interviews and skill
    score programs for work interviewers and employers.

  58. Provides a lot of exceptional methods while in the Understand Forex Beginner Course the Forex
    Articles section along with the Popular Articles for the right.

  59. As particular techniques and tactics used at Leader Trading Ground
    could possibly be good for them those who have previous experience in trading should attend.

  60. I’ll send you a text terbinafine 250 mg cost Rough seas had hampered the operation but, in improved weather conditions on Sunday, recovery teams had found 16 bodies by lunchtime. That took the death toll to 127 but those searching know that up to 250 other bodies are still missing.

  61. In the Philippines, clothing and services were very cheap and easy to get.
    I’d like to say I’ve been 96ed from better places and events
    but why lie. Wayland offers up a far grittier and ballsy version than its predecessor
    with lots of crunch and oomph.

  62. I’m amazed, I must say. Rarely do I encounter a blog that’s
    both educative and engaging, and without
    a doubt, you have hit the nail on the head. The problem is an issue that too
    few men and women are speaking intelligently about.
    I’m very happy I came across this in my
    hunt for something relating to this.

  63. Hi to every one, the contents existing at this site are genuinely awesome for people knowledge, well, keep up
    the good work fellows.