Gold is up by $10.90 this morning to $1,825 per oz! The current gold price is equal to 2.83% of U.S. M2 Money Supply Per Capita. As we recently discussed, gold bottomed on November 3rd at $1,763.45 per oz, which was equal to 2.73% of U.S. M2 Money Supply Per Capita! All gold bottoms for the last 14+ years were at levels of between 2.72%-2.74% of U.S. M2 Money Supply Per Capita!
Prior to the last Federal Funds Rate hike cycle when gold bottomed in December 2015 at $1,049 per oz, gold was valued at 2.72% of U.S. M2 Money Supply Per Capita! Within the following eight weeks, gold exploded to 3.2% of U.S. M2 Money Supply Per Capita, which would currently be equal to a gold price of $2,066.40 per oz!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.