Today we saw: SPDR Gold Shares (GLD) decline by 1.87%, VanEck Vectors Gold Miners ETF (GDX) gain by 0.46%, and VanEck Vectors Junior Gold Miners ETF (GDXJ) gain by 1.08%.
The combination of GLD declining by at least 1.87% on the same day as GDX gaining by at least 0.46% and GDXJ gaining by at least 1.08% has only happened on three previous days in history!
The last time that it happened was on March 19, 2020 when gold closed at an M2 money supply per capita adjusted price of $1,982.70 per oz. Over the following week, gold's M2 money supply per capita adjusted price gained by $215.90 per oz to $2,198.60 per oz.
The previous time that it happened was on June 27, 2013 when gold closed at an M2 money supply per capita adjusted price of $2,402.70 per oz. Over the following two months, gold's M2 money supply per capita adjusted price gained by $342.80 per oz to $2,745.50 per oz.
The only other time that it happened was on August 11, 2011 when gold closed at an M2 money supply per capita adjusted price of $3,811 per oz. Over the following eleven days, gold's M2 money supply per capita adjusted price gained by $254.40 per oz to $4,065.40 per oz.
Preparing Americans for Hyperinflation
